QUOTE AND NEWS
MarketWatch  10 hrs ago  Comment 
Shares of SunPower rise modestly after news Verizon Communications contracted with the solar developer to expand its solar energy use.
Forbes  11 hrs ago  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...
Jutia Group  Aug 25  Comment 
[at Bloomberg] - Aug. 25 (Bloomberg) -- Verizon Chief Sustainability Officer James Gowen discusses the company’s move to solar power. He spaks on “In The Loop.” (Source: Bloomberg) Read more on this. Verizon Communications Inc. (VZ), with a...
Telecom Ramblings  Aug 25  Comment 
Seems like direct investments in solar energy are gaining traction with telecom and internet infrastructure of late. Today, Verizon announced plans to nearly double its on-site solar power generation to more than 25 megawatts. They will be...
MarketWatch  Aug 25  Comment 
Verizon is setting itself up to become the largest solar-power producer among U.S. communication companies. The New York-based wireless giant said Monday it will invest $40 million to expand its investment in the alternative energy source. This...
Benzinga  Aug 25  Comment 
Spherix (NASDAQ: SPEX) announced that on August 19, 2014, the Honorable Gerald Bruce Lee, United States District Judge for the Eastern District of Virginia, in Case No. 1:14-cv-00721 -GBL-TCB, issued a scheduling order in the Company's patent...
Motley Fool  Aug 24  Comment 
All of the nationwide telecom companies are investing and rolling out a new innovating service called voice-over LTE, with the exception of Sprint, which might be yet another sign of a company in shambles
Forbes  Aug 23  Comment 
Sprint's new family plans offer more data for less money than those at Verizon and AT&T. But the complexity makes it hard to figure out whether they're right for you. In a Q&A, I'll walk you through what you get and help you understand whether the...
Cloud Computing  Aug 22  Comment 
Research and Markets (http://www.researchandmarkets.com/research/4jmstc/retail_colocation) has announced the addition of the "Retail Colocation Market in the US 2014-2018" report to their offering. 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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