Verizon Projects Higher Margins and Sustained Revenue Growth in 2014

With the best wireless asset in the US now under complete ownership of Verizon Communications, the company is poised to expand margins and grow revenues in 2014.

Verizon completed its acquisition of Vodafone Group’s 45 percent minority interest in Verizon Wireless on Feb 21 -- and, on the first full day of trading for the new Verizon, the company announced additional details related to its 2014 financial outlook. “Full ownership of our wireless asset is a major milestone for Verizon customers and shareholders,” said Lowell McAdam, Verizon chairman and CEO. “We see a new phase of wireless growth and expanding opportunities as mobile networks become the platform for most of the world’s digital traffic.” Verizon expects to sustain consolidated revenue growth rates. The company is targeting 4 percent consolidated revenue growth in 2014, compared with 4.1 percent in 2013. The company expects to deliver continued strong cash flows to fund network investments, reduce debt and support the dividend policy of Verizon’s Board of Directors. The new Verizon is also positioned to deliver integrated products and solutions to customers even faster. A recently formed companywide Product Development and Management organization will leverage all of Verizon’s assets to develop innovative products quickly across the company’s wireless, wireline, IP and cloud networks and platforms. CEO McAdam has named Marni Walden, formerly chief operating officer of Verizon Wireless, to lead this new organization.