QUOTE AND NEWS
TechCrunch  4 hrs ago  Comment 
 Samsung has a Developer Edition of the Galaxy S5, just as it did for the Galaxy S4 and SIII before it, and as usual it’ll have its unlocked bootloader and come at the full, unsubsidized price of around $650 or so. Thus far, the dev edition S5...
Cloud Computing  Apr 10  Comment 
CHICAGO , April 10, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks...
DailyFinance  Apr 9  Comment 
Verizon Wireless: WHO:Verizon Wireless, operator of the nation’s largest and most reliable 4G LTE and 3G networksWHAT: Verizon Wireless recently enhanced fourth generation (4G) Long Term Evolution (LTE) network ...
Jutia Group  Apr 9  Comment 
[at Seeking Alpha] - Telecommunications giant Verizon Communications ( VZ ) has been lackluster in 2014 as shares are down 2%. However, considering that Verizon has a solid dividend yield of 4.40% to show for, investors don't ... Read more on...
DailyFinance  Apr 8  Comment 
Verizon Wireless: WHO:Verizon Wireless, operator of the nation’s largest and most reliable 4G LTE and 3G networksWHAT: Verizon Wireless recently enhanced fourth generation (4G) Long Term Evolution (LTE) network ...
TheStreet.com  Apr 8  Comment 
NEW YORK (TheStreet) -- Investors are revisiting the telecommunications companies for their perceived safety during this period of market turbulence and sector rotation. That means best-in-breed Verizon is due for a move higher. Overdue, I...
SeekingAlpha  Apr 8  Comment 
By Alpha Strategist: Growth in Data Consumption There is a growth in data consumption spurred by the growing use of mobile devices. Overall mobile data traffic is expected to increase at a CAGR of 61% as given in the exhibit below....
newratings.com  Apr 7  Comment 
NEW YORK CITY (dpa-AFX) - Cincinnati Bell (CBB), a provider of telecommunications and broadband networking services, Monday said it has agreed to sell its wireless spectrum licenses to Verizon Wireless (VZ) for $210 million in cash. Cincinnati...
SeekingAlpha  Apr 6  Comment 
By Stock Gamer: The share price of Verizon Communications (VZ) has been weak year to date by losing almost 2%, compared to a 3% return for S&P 500 Index and 1.7% return for AT&T (T). Since mid-March, the price has risen by 4%. I believe the recent...
TheStreet.com  Apr 4  Comment 
NEW YORK (TheStreet) -- A newly released consumer survey concluded that Verizon Wireless and T-Mobile are the two cellular phone carriers delivering the most "bang for the buck."The YouGov BrandIndex measures such things and found Verizon and...




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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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