Verizon Q1 2007 Earnings Call Transcript

Free PC Satellite TV: Good morning and welcome to the Verizon first quarter 2007 earnings conference call. (Operator Instructions) It is now my pleasure to turn the call over to your host, Mr. Ron Lataille, Senior Vice President, Investor Relations of Verizon.

RonLataille

Good morning and welcome to our first quarter 2007 earnings conference call. Thanks for joining us this morning, I'm Ron Lataille. With me this morning are Ivan Seidenberg, our Chairman and CEO; Denny Strigl, our President and Chief Operating Officer; and Doreen Toben, our Chief Financial Officer.

Before we get started, let me remind you that our earnings release, financial statements, the investor quarterly publication and the presentation slides are on the investor relations website. This call is being webcast.

The machines of media management

Free PC Satellite TV: Edmonton - The number of pictures, songs and movies available to your home computer today is staggering. They come from consumer digital cameras that shoot stills and video snippets, bought or shared digital music, and general downloading from the Internet.

Senior VP, Law and Regulatory Policy

Free PC Satellite TV: Asked to name hot issues, you might expect the National Cable & Telecommunications Association's Daniel Brenner to tick off a series of regulatory issues. Instead, he pointed to cable's successful rollout of telephone service.

"At the end of the first quarter of 2007, the cable industry had around 10 million voice subscribers, which is a sensational result considering that some operators have been in this business less than two years," he said.

That success, which has reduced churn and bolstered cable's standing on Wall Street, has also prompted a vigorous counterattack from Verizon and AT&T with aggressive plans to roll out Internet Protocol-television service.

Brenner said cable's triple-play package of TV, phone and Internet access gives operators an edge in an increasingly competitive business.

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