QUOTE AND NEWS
Market Intelligence Center  1 hr ago  Comment 
After Tuesday’s trading in Verizon Communications Inc (VZ) MarketIntelligenceCenter.com's patented algorithms uncovered a trade that offers a 4.10% return or 22.67% on an annualized basis (for comparison purposes only), while providing 1.73%...
SeekingAlpha  4 hrs ago  Comment 
ByBottom Up Investing: Verizon Communications Inc. (VZ) is set to report first-quarter earnings on April 24th. First-quarter results are expected to be solid, with revenues increasing at a 3% pace y/y. For the full year, I'm expecting revenue...
Cloud Computing  Apr 15  Comment 
NEW YORK , April 15, 2014 /PRNewswire/ -- To improve network efficiency and meet continued bandwidth demand, Verizon is deploying 100G technology on its U.S. metro network. read more
Forbes  Apr 15  Comment 
Verizon today finally followed its wireless rivals in offering clear discounts on service when you pay for your own phone. That extends an offer which previously only applied to customers who were buying the phone on an installment plan from the...
Jutia Group  Apr 15  Comment 
[PR Newswire] - ODESSA, Texas, April 15, 2014 /PRNewswire/ -- Verizon Wireless is adding 60 full-time retail positions in the Midland/Odessa area by the end of 2014. The positions will be based locally and interested candidates may apply online by...
Market Intelligence Center  Apr 15  Comment 
Monday’s trading in Verizon Communications Inc (VZ) gives options traders an opportunity for a 22.85% return. By selling the Jun. '14 $48.00 call and buying the Jan. '15 call at the $43.00 level for a net debit of $4.07, traders will book a...
Jutia Group  Apr 14  Comment 
[at TheStreet] - Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Verizon Communications . So this week we highlight one interesting put contract, ... Read more on this. ...
SeekingAlpha  Apr 13  Comment 
By Winning Strategies: Slower economic growth and fierce competition are creating obstacles in the telecom service sector. Therefore, many analysts, including Moody's, have maintained a negative outlook on this sector. Over the past two years,...
SeekingAlpha  Apr 12  Comment 
By Marc Gilbert: Corporate Overview There really is not all too much to say about Franklin Wireless (OTCQB:FKWL). The micro-cap company with a market cap of just over $17 million makes 3G and 4G wireless connectivity devices and portable...
TheStreet.com  Apr 11  Comment 
NEW YORK (TheStreet) -- Verizon Communications shares are climbing, up .04% to $47.09, in after hours trading on Friday.The bump follows the company's announcement that it was making the much anticipated Samsung  Galaxy S5 mobile phone...




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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