Verizon Wireless Data Revenue Up 65% in 2007

Verizon Wireless data revenue is exploding, says Verizon Chief Financial Officer Doreen Toben said Thursday.

Verizon wireless data revenues grew 65 percent in 2007, representing almost one-quarter of service revenues for Verizon Wireless, a joint venture between Verizon and Vodafone.

On an annualized basis, first quarter data revenue would reach almost $10 billion, she said, putting Verizon “only at the beginning of explosive growth.”