Let's look at the numbers!!!!

Verizon CEO Lowell McAdam said in a blog post that wire-line revenues accounted for just under 30 percent of Verizon's revenues in 2015 but only about 7 percent of its operating income, or profits.

The company earned $33.1 billion in operating income last year, according to its regulatory filing. Wireless revenue in 2015 was $91.7 billion, while wire-line revenue amounted to $37.7 billion.

So, the landline is pulling in about 2.5 billion in profits a year. Not, so bad for a dying industry. Could probably double that amount with a competent management team. Even, with a unionized workforce.

The wireless side is pulling in north of 30 billion a year!!!!! And there would be several ways to look at that. Are we being charged to much for our cell phone bills??? Absolutely!! Where are these exorbitant profits going??? The upoer management is ridiculously over compensated, but hey thats my opinion. Theow these a couple million a year, OK, thats life in the big time. Next, should there be more regulation on the wireless side??? Especially, in terms of pricing. The big 2 seem to be colluding together to set prices. I mean come on, they dont really even try to compete against each other.

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Kushnick, has been witing about this for many years. Various, articles and a book on how Verizon has been robbing their customers and taxpayers for years. Promising, full fiber to the home coverage for many states, that would be covered in parts by tax breaks and a fund that had been collecting fees from landline customers for years. Verizon, started the build, prob got half way through and realized how much more money they were going to make fleecing customers on data charges from wireless and stopped. Used all the tax breaks, funds and profits on wireless build and lobbying states to let them out of any landline regulations.

Wireline has been the dumping ground for all of the bills for years so they can downgrade their profits while pumping up the wireless ones. It's all a shell game of peas on the same plate though. The executives can spout all of the cooked numbers they want but it doesn't take a PhD in economics to see what's going on. Bruce Kushnick exposed it all already and it's time for the government to jump onboard.

Steal a little and they throw you in jail

Steal a lot and they make you King.

"And, don't forget that they hide all the cost associated with the build and maintenace of the wireless network on the wirelines books!!!"

Also don't forget the top exec salaries, advertising, lawyer fees and every other kind of expense. It doesn't matter how many times we post it here. The vteamers just ignore what is not convenient to their arguement.

Here is an article from April 28, 2016

http://m.huffpost.com/us/entry/9802890

You guys are right, we have no PhD's here. Clearly what is needed is a government audit of Verizon's books for the years in question. Start with NY.

To: 1fa,

What are you babbling about? Verizon is an SEC Registrant and is audited/questioned constantly. Your conspiracy theory about one unit subsidizing the other is for people who don't understand the far reaching implications of the Sarbanes-Oxley act. You might have heard about a company called MCI, where the CEO is sitting in a jail cell for cooking the books.

pgf ,

I see you have a learning disorder / reading comprehension issues. I did say anything about what you should and should not post. Just implied that you are not an economic genius .

Just read Bruce Kushnick I haven't seen Verizon refute his numbers.

The government should step in and divide wireline from wireless.

Wireless should pay a parting settlement to wireline since the business was launched by selling off wireline assets and hiding wireline costs. Also there is the matter of the wireline rate increases which were supposed to pay for the fiber anway.

To: yuh

Don't tell me what I should post or not post. In fact, here is another free economic tip for you: there is no such thing as a free lunch! Get back to work or be prepared to sleep in your pick up truck, you rednecked drunk.

I see we have many on here with Economic Masters, and are PhD's. Please stop all this nonsensical B.S.

The OP is struggling with Finance and needs to stick to Tech repairs. Wireline consists of Consumer, Enterprise and Wholesale services. Collectively, they do not generate positive cash flow. Enterprise and Wholesale revenues are declining significantly, and traditional access lines are not even reported anymore. vVerizon has already invested over $30B in FiOS and the NE and Mid Atlantic is a bust- a loser. I don't think it is so much that wireless is so profitable as much as that FIOS is such a complete loser, that requires such ridiculous levels if capital to get scale economies. But if labor and content costs are so high, it does not pay to expand this franchise. I think it makes sense to try to dispose of this and send off those union slugs with it.

And, don't forget that they hide all the cost associated with the build and maintenace of the wireless network on the wirelines books!!!

Oh my God you're an idiot.

Seriously, you're not helping the union's reputation of having uneducated goofballs for members.

Thread regarding Verizon Communications Inc. layoffs

Let's look at the numbers!!!!

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