Reuters reports that Verizon CEO Ivan Seidenberg said Microsoft CEO Steve Ballmer will announce at the Consumer Electronics Show (CES) that Verizon Wireless will use Microsoft search services. Google and Yahoo are the losers in this contest.
With respect to broader Verizon opportunities, Seidenberg cites Gartner & In-Stat estimates that the Telecommunications industry will grow by US$ 125 B between 2008 and 2013, driven by wireless data, broadband & video, and advertising, content, & applications. US Wireless revenue has doubled in the last six years, spurred in significant degree by growth in wireless data, and Seidenberg sees the wireless industry continuing to evolve from voice to data to broadband. Verizon wireless data revenue has risen from US$ .09 B in the first quarter of 2006 to US$ 2.8 B in the third quarter of 2008. Verizon's wireless data revenue as a percentage of total revenue has increased significantly from 43% in 2005 to 55% in the third quarter of 2008.
Verizon Wireless is expected to surpass AT&T to become the largest US mobile carrier this week with the acquisition of Alltel, which Seidenberg says will bring US$ 9 B of net present value synergies. -Stuart Whitaker
Wednesday, January 7, 2009
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