NEW YORK (Reuters) - Verizon Wireless expects annual revenue growth in the double-digit percentage range for the next few years, according to Doreen Toben, chief financial officer of majority parent Verizon Communications Inc (VZ.N).
Toben also expects margins for earnings before interest, taxes, depreciation and amortization in a range of 43 percent to 45 percent for the units planning period, which is three to five years, she said during an investor Webcast.
"Were very upbeat about the prospects for wireless growth for 2008 and beyond," Toben said. Verizon Wireless is a venture of Verizon and Vodafone Group Plc (VOD.L).
Toben also sought to alleviate concerns that its new 99.99 unlimited calling plan would hurt Verizon Wireless, the second biggest U.S. mobile service.
The company saw a "great early response" to the plan with many customers on cheaper plans upgrading to the unlimited offer along with customers who spend more than 100 a month on calls. Toben expects the plan to boost results.
"It doesnt take that many more of the 79.99 folks to go up to 99.99 to offset it," said Toben, who also dismissed concerns that the plan would kick off a price war.
(Reporting by Sinead Carew, editing by Gerald E. McCormick and Derek Caney)
Toben also expects margins for earnings before interest, taxes, depreciation and amortization in a range of 43 percent to 45 percent for the units planning period, which is three to five years, she said during an investor Webcast.
"Were very upbeat about the prospects for wireless growth for 2008 and beyond," Toben said. Verizon Wireless is a venture of Verizon and Vodafone Group Plc (VOD.L).
Toben also sought to alleviate concerns that its new 99.99 unlimited calling plan would hurt Verizon Wireless, the second biggest U.S. mobile service.
The company saw a "great early response" to the plan with many customers on cheaper plans upgrading to the unlimited offer along with customers who spend more than 100 a month on calls. Toben expects the plan to boost results.
"It doesnt take that many more of the 79.99 folks to go up to 99.99 to offset it," said Toben, who also dismissed concerns that the plan would kick off a price war.
(Reporting by Sinead Carew, editing by Gerald E. McCormick and Derek Caney)
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