QUOTE AND NEWS
Forbes  7 hrs ago  Comment 
The industry is pretty much a bottom-feeder in terms of favorable customer service rankings.
CNNMoney.com  11 hrs ago  Comment 
Read full story for latest details.
Jutia Group  Jul 31  Comment 
[PR Newswire] - TOLEDO, Ohio, July 31, 2014 /PRNewswire/ -- WHO: Verizon Wireless , operator of the nation's largest 4G LTE network . WHAT: Verizon Wireless has enhanced (4G) Long Term Evolution (LTE) network coverage ... Read more on this. ...
newratings.com  Jul 31  Comment 
NEW YORK CITY (dpa-AFX) - Verizon Digital Media Services and thePlatform, a white-label video publishing company and an independent subsidiary of Comcast, Thursday announced a new strategic alliance to accelerate major media and...
SeekingAlpha  Jul 31  Comment 
By Stone Fox Capital: A key takeaway from the recent earnings report of Verizon Communications (NYSE:VZ) is that wireless phone growth is practically over. The company and the industry have cornered the market with the four key domestic wireless...
Wall Street Journal  Jul 30  Comment 
The FCC took issue with Verizon's plan to reduce speeds for heavy data users on unlimited data plans at times of high demand.
Motley Fool  Jul 30  Comment 
The company's new $100 family plan is cheaper than the competition, but it needs to make more money for T-Mobile in the long run.
StreetInsider.com  Jul 30  Comment 
UPGRADES JPMorgan moves United Continental (NYSE: UAL) from Neutral to Overweight and adjusts its price target from $43.50 up to $60.50. Click Here for more color. Twitter (NYSE: TWTR) upgraded by a handful of firms: Cowen and Company from...
TheStreet.com  Jul 30  Comment 
NEW YORK (TheStreet) -- Verizon shares were downgraded to "neutral" from "outperform" by analysts at Macquarie on Monday who set a $53 dollar price target on the telecom company's stock.Shares are up 0.15% to $52.05 in pre-market trading on...
SeekingAlpha  Jul 30  Comment 
Byinvestec: Telecommunication giants, Verizon Communication (NYSE:VZ) and AT&T, Inc (NYSE:T), recently reported their second quarter earnings. I continue to remain bullish on both these companies, but I prefer the latter. T's strategy of competing...




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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