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Verizon adds 1 million new customers and grows 4G LTE to reach 303 million U.S. residents

News by Andrew Kameka on Thursday October 17, 2013.

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Verizon Wireless today announced that it has added 1.1 million net customers in the third quarter of 2013. The growth brings Verizon's total number of wireless customers to 101.2 million, 95.2 million of which are postpaid consumers with contracts.

Share Everything plans, which unfortunately forced consumers to cap data in exchange for unlimited talk and texting, have significantly grown over the past 12 months. Only 13 percent of Verizon subscribers had a Share Everything account at this point last year; however, that number has climbed to 42 percent because Verizon has made Share Everything a requirement for all new customers and existing subscribers who don't want to pay full price for a phone.

More than 100 million people currently use Verizon's network, and that number is likely to grow. Verizon has deployed its 4G LTE across the country to reach 99 percent of its current 3G network footprint. It also activated 7.6 million smartphones, 6.8 million of which were 4G LTE-compatible, and grew the 4G network to cover an area with a population with more than 303 million people. That leaves room for plenty of customers to consume lots of data, and 64 percent of total traffic already takes place on the LTE network.

Verizon plans to manage its large customer base by continuing to spend big on acquiring new spectrum and increasing capacity and reliability in key markets. CFO Fran Shammo said the carrier "will be opportunistic" when it has chances to acquire new spectrum. The company promises to be more proactive with launching 4G service on AWS spectrum and increasing cell sites in dense markets like New York, Chicago, and elsewhere to improve service in the fourth quarter of 2013.

source: Verizon

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Andrew Kameka
Andrew is based in Miami, Florida.

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