April 18 - The average monthly bill for Verizon Wireless account holders is up 7 percent to $150.27, leading to better-than-expected quarterly profits. Conway G. Gittens reports.
The Daily Digit is $150.27 - the average monthly bill for a single Verizon Wireless account is up 7 percent from a year ago. The company now reports average revenue per account, and not per user, to accommodate its Share Everything data plans, which let customers add multiple devices. 30 percent of all Verizon Wireless customers are now sharing everything. That plan and the wireless unit are pretty much driving the company's first quarter results. Its profitability is at a record high. Verizon added slightly more mobile subscribers than expected in the first quarter and its FiOS home Internet and television business also saw better-than-expected growth. Both units feeding higher-than-expected quarterly profits. Verizon's earnings rose to $1.95 billion. Total revenues topped $29 billion; that was a little lighter than analysts were hoping for.