Global Wholesale And Emerging Solutions Team Essay
I wanted to take a moment to recognize our 2Q Accomplishments and Reiterate 3Q Priorities. In 2Q the team achieved its financial commitments and delivered on a number of key initiatives that continue to differentiate us from our competitors. We prove over and over again that we are a valued solutions enabler to our partners, growing their revenue, profitability and subscriber base.
In 2Q we delivered $421.8M in Net Revenue; 108% of plan | $204.3M Gross Margin; 108% of plan. Net Subscriber Additions were380K; 78% of plan, driven by new FCC disconnect regulations for Wireless Lifeline providers. While 2Q Net Additions were lower than expected, we remain on target to achieve our annual Net Add plan.
The team also continues to build momentum with key wins in 2Q which include the official launch of the Chrysler UConnect Program - the flagship of our Connected Vehicle Manufacturer Program; new MVNO agreements including wins with FreedomPop, Telescape, Republic, OneLink, RingPlus and ChitChat; and the first Cloud Agreement was signed with Buckeye Telesystems. The team has also launched new products like Cloud, Single Source Enablement and 4G LTE. Additionally, New Ventures has made significant strides that will allow the launch of products like Mobile Commerce, Mobile Advertising & Data Analytics, and several International Platforms in 2H2012.
The leadership team met in June and July to kick off 2013 planning. You can expect to…