QUOTE AND NEWS
Benzinga  12 hrs ago  Comment 
On CNBC's Stock Pops & Drops, Dan Nathan spoke about a 1.41 percent decline in Verizon Communications Inc. (NYSE: VZ). The stock traded lower on a downgrade by Citigroup. Nathan wouldn't buy it, but traders who are interested in its 4.5 percent...
MarketWatch  Nov 24  Comment 
The telecom sector was the weakest of the S&P 500's 10 sectors on Monday, as investors expressed concern over rising costs and increasing competition. Citigroup analyst Michael Rollins said overall costs for new wireless spectrum auctioned off by...
Forbes  Nov 24  Comment 
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Verizon Communications Inc (NYSE: VZ). So this week we highlight one interesting put contract, and one interesting call...
Automotive World  Nov 24  Comment 
Hitachi Data Systems Corporation (HDS), a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), today announced that Hitachi Content Platform (HCP) adaptive cloud tiering for Verizon Cloud is now available on the Verizon Cloud Marketplace. HCP...
TheStreet.com  Nov 24  Comment 
NEW YORK (TheStreet) -- Shares of Verizon are falling in early trading after Citigroup downgraded the stock to Neutral from Buy in a note to investors today. WHAT'S NEW: Citigroup analyst Michael Rollins downgraded Verizon, citing the higher...
Jutia Group  Nov 24  Comment 
[PR Newswire] - HOUSTON, Nov. 24, 2014 /PRNewswire/ -- Verizon Wireless continues its reinvention of the retail experience with the opening of its newest Destination Store in Houston, Texas Monday, November 24. The state-of-the art store, located...
USAToday.com  Nov 22  Comment 
Cutting the Cord: Verizon builds; will cord cutters come?
Motley Fool  Nov 21  Comment 
Consumer Reports recently compiled a survey or wireless providers and the results are in.
Motley Fool  Nov 21  Comment 
Historically, Verizon has been a great dividend stock to own, but these three things make it a great dividend investment for the future.




RELATED WIKI ARTICLES
 

Verizon Communications (NYSE: VZ) is a U.S. telecommunication company and provider of fixed-line, wireless, television, and data services. Its wireless division, Verizon Wireless, is a joint venture with Vodafone and represents the largest subscriber base with 94.1 million customers and 102.1 million total connections.[1]. In fiscal year 2010, Verizon recorded revenues of $106.6 billion and net income of $2.5 billion.

Verizon's main business segments are its wireless and wireline segments. In 2010, to jumpstart its wireline business segment, which has experienced increased competition as customers switch to wireless products or less expensive alternatives such as VoIP technology, VZ has delved deeply into its Fiber-to-the-Home (FTTH) service, FiOS, investing over $20 billion in 2010[2].

Company Overview

Verizon Communications was formed in 2000 with the merger of Bell Atlantic and GTE Corp, and offers a wide array of wireline and wireless voice and data transmission services via approximately 41.4 million residential and commercial access lines throughout the United States. After Verizon completed its $28.1 billion acquisition of Alltel in January 2009, Verizon Wireless became the largest wireless carrier in the United States.

Business Segments

In FY2010, Verizon growth reported record-high profitability as it continued to drive higher smartphone adoption and data use. Verizon recorded revenues of $106.6 billion and net income of $2.5 billion. Verizon's main business segments are Verizon Wireless and Verizon Wireline.

Verizon Wireless (60% of revenue ($63.4 billion) in FY2010[3])

Verizon Wireless is the largest provider of wireless voice and data services in the United States[4]. The business segment is a joint venture between Verizon and Vodafone; with Verizon holding a 55% stake in Verizon Wireless, and Vodafone holding the remaining 45%, it has controlling power over the company’s operations.[5]. Its services include basic local and long distance wireless voice services, text messaging, music downloads, navigation and Internet access, V CAST Music and V CAST Mobile TV. The company has more than 25 multimedia phones that allow customers to browse and download songs, and the first true mobile TV service in the nation. (See 3G concept page for additional information on third-generation wireless technology.)

Verizon Wireless boasts a customer network of approximately 94.1 million customers[6]. It has also positioned itself as the go-to Android smartphone provider, with over 9 million subscribers[7].

Competitors

Both of Verizon Communications’ business segments are competitive players in the telecommunications industry. Its wireless business, which boasts the largest subscriber base, competes with other U.S. wireless carriers, including AT&T, Sprint, and T-Mobile. Its wireline business, which constantly faces challenges from new and potentially disruptive technologies, include non-wireline telecommunications providers such as VoIP, high-speed internet companies, and cable companies such as Time Warner Cable and Cablevision Systems (CVC).



References

  1. "Verizon Communications Reports Continued Strong Growth in Cash Flow, Wireless and FiOS in Q," Verizon Investor Relations, 10/22/2010
  2. Analyzing Verizon's FiOS Bet. Seeking Alpha (August 19, 2008).
  3. "10-K"
  4. Verizon Wireless Completes $28.1B Alltel Buy, January 9, 2009
  5. Verizon Communications 2007 10-K, Pg. 7
  6. "Verizon’s network ready for Apple’s iPhone thanks to Android," VentureBeat, 10/13/2010
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