NEW YORK (AP) Verizon Communications Inc. on Thursday reported a $3.04 billion profit in the fourth quarter, posting a 6 percent revenue gain as another powerful showing by the cellular business more than compensated for the continuing decline of the traditional local phone service.
The profit for the final three months of 2004, which included one-time gains from sales of non-strategic assets and tax benefits, amounted to $1.08 per share, matching most Wall Street forecasts. In the same period in 2003, Verizon lost $1.46 billion, or 53 cents per share, including one-time expenses from a voluntary severance plan and some environmental remediation costs.
Excluding one-time factors, Verizon earned 64 cents per share in the fourth quarter 2004, up from 58 cents per share in the fourth quarter of 2003.
Fourth-quarter revenues totaled $18.26 billion, up from $17.20 billion a year earlier.
Verizon Wireless contributed more than 40 percent of the revenues, compared with 35 percent in the final months of 2003. The unit's revenue total of $7.34 billion was up 22.7 percent vs. in the year-ago period.
Subsea cable alternatives can provide a level of comfort for those concerned about disruptions. Realistically, they will continue to play a small, but critical role in the short term.
Maintaining existing network infrastructures often incurs huge technical debt before newer technologies are adopted over time.
Amid ongoing regional uncertainties, telecom infrastructure in the Middle East has expand to include terrestrial low-latency network infrastructure, which offers resilience and agility in navigating political complexities without relying solely on undersea networks.
