By now it comes as no surprise that most leading U.S. telcos (but not all) earn most of their money from mobile services, not the fixed network. Verizon, for example, in 2018 earned $91.7 billion from mobile services, representing 70 percent of Verizon’s aggregate revenues.
So everything else, including fixed network operations contributed 30 percent of total revenues.
The retail services portion of the fixed network generated $29.8 billion, representing 23 percent of Verizon’s total revenues. Of that amount, consumer services were $12.6 billion , representing approximately 42 percent of fixed network revenues.
Enterprise revenues were $8.8 billion , representing approximately 30 percent of fixed network revenues.
Wholesale revenues were $4.7 billion , representing approximately 16 percent of Wireline’s aggregate revenues.
Earnings are even more weighted towards mobility. Verizon earns 87 percent of total profits from mobility services, just 13 percent from fixed network services.
source: Bloomberg
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