Verizon has updated its guidance after completing its takeover of the rest of Verizon Wireless from Vodafone. As previously announced, the takeover is expected to add 10 percent to earnings per share. Verizon added a forecast for 4 percent revenue growth in 2014, compared with 4.1 percent growth in 2013. The US operator also expects growth in its adjusted EBITDA margin this year, compared to 34.9 percent last year, driven by improvements at both wireless and wireline. In addition, the company expects to deliver continued strong cash flow to fund network investments, reduce debt and support dividends.
The takeover is expected to allow Verizon to introduce more converged fixed-mobile products to customers. A recently formed 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, the company said. Marni Walden, the former chief operating officer of Verizon Wireless, will lead the new organization.
