Verizon ranked no.1 network carrier by RootMetrics for the fourth consecutive year.
Verizon Communications Inc. has embraced a new turning point where it has now been ranked as number 1 by the RootMetrics. RootMetrics is a popular company in the United States that is known for testing the performance of networks. Verizon succeeded in getting this ranking after it was successful in beating core rivals in terms of reliability, rating, speed, call, text and data.
Apart from Verizon, several other big names in wireless network communication like T-Mobile US inc., Sprint Corporation and AT&T Inc. were tested as well. These tests were conducted by RootMetrics by the start of the fiscal year of 2015 and came to an end in June. On the basis of performance; this is not the first time when Verizon has topped the list but it has been successful in banging first position for the past four years.
According to the score board, VZ succeeded in getting an accumulative score of 94.5 out of 100. On the other hand AT&T, Sprint and T-Mobile scored 91.8, 87.5 and 82.0. Almost 7,323 indoor locations were chosen and 6 million tests were conducted covering a span of 237,506 miles throughout United States.
The reason behind Verizon’s substantial growth is that the company has working on its network operations since the previous year. Almost $10 billion were invested by the company during FY14 in order to enhance the network quality. At this point of time, the core focus of Verizon Communications is to work on new technology.
Verizon at this point is not only interested in making its network operations better but it also seeks to make it customer service better by offering quality services. These rating will be a positive catalyst for Verizon and will help them in expanding their clientele in the present trimestral. The company experienced a massive boom where it has succeeded in adding 1.1 million users in retail post-paid connectivity and 1 million in retail connectivity.
These ratings are likely to affect the Verizon stock price after trade today. A 0.08 per cent increase was in the trade where the stocks were trading at $47.53. Despite the company has been doing relatively well but the stock slump has affected its performance.
Verizon has potential to grow and with such positive rating, their future seems stable. The company needs to now focus and derive ways to overcome the stock slump to embrace stability in the long run.
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