Verizon proves once again that the data cow is a real cash cow in the mobile industry. Now how is the competition doing?
NEW YORK (Reuters) – Verizon Wireless, the No. 2 U.S. mobile service, sees future growth coming from data services like mobile downloads and from customers won over from rivals, chief executive Denny Strigl said on Wednesday.
Bigger rival Cingular Wireless and smaller rival Alltel Corp. (NYSE:AT – news), whose executives also spoke at an investor conference in New York on Wednesday, are also eyeing data services for growth but have a more cautious view.
Strigl predicted strong growth for existing data services, including text messaging, music downloads and digital photograph swaps, as well as upcoming features like advertising on cell phones and local search applications that direct customers to shops or restaurants… Source: Reuters