QUOTE AND NEWS
TheStreet.com  Aug 26  Comment 
NEW YORK (TheStreet) -- Shares of Verizon were gaining 3.6% to $45.07 on heavy trading volume Wednesday after the company telecommunications company announced the available of 'hum', its aftermarket vehicle technology and subscription service....
New York Times  Aug 26  Comment 
The company says it met its promise to have fiber-optic cable for FiOS pass all three million homes in the city by the end of last year. The city’s response: not even close.
Forbes  Aug 26  Comment 
Car makers are building all sorts of connectivity into their cars. And for older cars, a number of startups like Automatic, Zubie and Mojio have emerged with gadgets that let people turn their plain old dumb cars into a connected car.
Wall Street Journal  Aug 25  Comment 
Market tumult and falling bond yields may renew investor appetite for high dividend-yield stocks. AT&T and Verizon could prove filling.
Forbes  Aug 25  Comment 
Justin Wilson, the affable 37-year-old Verizon IndyCar Series driver, passed Monday, Aug. 24, from injuries sustained at the ABC Supply 500 race the day before at the 2.5-mile Pocono Raceway.
TheStreet.com  Aug 24  Comment 
NEW YORK (TheStreet) -- Shares of major U.S. telecommunications companies weren't spared from the market's sharp declines on Monday, as AT&T , Sprint and Verizon Communications all lost ground. In addition to the recent turmoil on Wall...
Motley Fool  Aug 24  Comment 
These dividend stocks are built to last, and in the long term, they should crush the market.
TechCrunch  Aug 24  Comment 
 AdMobilize, a new monitoring and tracking technology that measures attention and traffic in stores and for outdoor advertising, is partnering with Verizon* to add 3G connectivity to its outdoor beacons. Read More




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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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