Lowell McAdam Stories October 18, 2012


Verizon held its Q3 2012 earnings call this morning and —aside from announcing $29 billion in total operating revenue— revealed Android smartphones were 79 percent of its total smartphone activations for the quarter.

The nation’s second-largest carrier also said operating revenue experienced a 3.9-percent gain over last year, while noting a third consecutive quarter of “double-digit percentage growth.” As for mobile device activations, 4G LTE smartphone penetration increased from “just below 50 percent last quarter to more than 53 percent.”

The company further disclosed that it activated 6.8 million smartphone in Q3, and 3.4 million of those activations were Android-powered devices. Three million were also specifically 4G LTE Android. In terms of iPhone activations, for comparison’s sake, Verizon activated 3.1 million with only 21 percent of the iPhones supporting 4G LTE.

The carrier then gave more information on its aggressive LTE rollout across the United States (via Yahoo Finance | Earnings Call Transcript):

[sic] In terms of 4G LTE coverage we are by far the market leader. Our 4G LTE service is currently available in 419 markets covering more than 250 million tops roughly 80% of the U.S. population. As our TV commercial say, we have more 4G LTE coverage than all of our competitors networks combined. We will continue expanding our 4G LTE network with a goal of having a nationwide foot print similar to our 3G network next year.

Visit Verizon’s Investor Relations page for more specifics.

The press release is below.

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Lowell McAdam Stories July 22, 2011


Give it to Verizon’s new CEO, Lowell McAdam (right), who takes over from Ivan Seidenberg (left) August 1

Verizon Wireless just announced their second-quarter earnings, reporting a 2.8 percent revenue growth on revenues of $27.5 billion and consolidated earnings of 57 cents in diluted earnings per share. The carrier also announced in a separate statement that its current CEO Ivan Seidenberg will step down to be replaced by 57-year-old president and COO Lowell McAdam, effective August 1. The change is part of Verizon’s CEO succession process under way since 2010. Seidenberg will retain his chairman of the board position. Lowell has been a member of Verizon’s executive team since 2000 and COO over the last ten months.

Prior to joining Verizon, McAdam served as president, COO and CEO of PrimeCo Personal Communications, a joint venture owned by Bell Atlantic and Vodafone AirTouch. He was also vice president of AirTouch Communications and lead technical partner for cellular ventures in Spain, Portugal, Sweden, Italy, Korea and Japan plus he held various executive positions with Pacific Bell. The executive earned his bachelor’s degree in engineering from Cornell University and a master’s degree in business administration from the University of San Diego. McAdam also spent six years in the US Navy’s Civil Engineer Corps and is a licensed professional engineer.

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