There are only 3 RBOC's left: AT&T, Verizon and Qwest. In the new Fortune 500 listing, telecom has 21 companies listed. The top 2: Ma and Pa Bell. AT&T has revenue of $124B. VZ is $97B. Profit for AT&T is $12.9B, and only $6.4B for VZ. I say only because the profit is half that of AT&T. I guess building out FiOS and buying Alltel costs a few bucks. And I bet it adds a huge amount of debt. Factor in the LTE buildout (after the 2.5G and 3G upgrades) along with rumor that VZ wants to buy out Vodafone's 45% stake in Verizon Wireless. I guess the New England landline sale to Fairpoint only gave them a tax credit and less debt, no real profit.
Notice that Sprint is # 3 on the F500 list but lost $2.8B on $35B.
Qwest is #6 after Comcast and DirecTV! Qwest's $13.5 billion in revenue result in less than $1B in profit -- just $681M. But they did better than Charter which lost $2.5B; Virgin Media that lost $1.7B; and Cablevision which lost $228M on $7.2B.
We'll see how the pricing and marketing pressure affects these numbers in three quarters.
Notice that Sprint is # 3 on the F500 list but lost $2.8B on $35B.
Qwest is #6 after Comcast and DirecTV! Qwest's $13.5 billion in revenue result in less than $1B in profit -- just $681M. But they did better than Charter which lost $2.5B; Virgin Media that lost $1.7B; and Cablevision which lost $228M on $7.2B.
We'll see how the pricing and marketing pressure affects these numbers in three quarters.
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