QUOTE AND NEWS
Wall Street Journal  Oct 20  Comment 
Ahead of the Tape: Strong growth in postpaid wireless customers is giving some pep to Verizon Communications.
Cloud Computing  Oct 20  Comment 
SYS-CON Events announced today that Verizon has been named "Gold Sponsor" of SYS-CON's 15th International Cloud Expo®, which will take place on November 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Verizon Enterprise...
Forbes  Oct 20  Comment 
For the third quarter, the company?s retail postpaid net additions are likely to increase by about 40% over the prior year quarter?s count of 927,000, based on indications provided by Chairman and CEO Lowell McAdam in an investor conference last...
Jutia Group  Oct 20  Comment 
[PR Newswire] - OMAHA, Neb., Oct. 20, 2014 /PRNewswire/ -- RootMetrics, an independent mobile analytics firm, today released its sixth Omaha RootScore ® Report and Verizon Wireless received the highest award for overall ... Read more on this. ...
Motley Fool  Oct 19  Comment 
Verizon FiOS customers had trouble getting good Netflix service just a few months ago. Not anymore.
Motley Fool  Oct 18  Comment 
Verizon and AT&T are both reaching out to cord-cutters. But is the death of traditional cable as complete as it seems?
Motley Fool  Oct 18  Comment 
You're paying more for a Verizon plan and that's on purpose.
Forbes  Oct 17  Comment 
At Holdings Channel, we have reviewed the latest batch of the 21 most recent 13F filings for the 09/30/2014 reporting period, and noticed that Verizon Communications Inc (NYSE: VZ) was held by 12 of these funds. When hedge fund managers appear to...
Jutia Group  Oct 17  Comment 
[Zacks] - Verizon Communication Inc. (VZ), is set to release its third-quarter 2014 results before the opening bell on Sep 21, 2014. Read more on this. Verizon Communications Inc. (VZ), with a current value of $199.26B, opened at $47.80.   ...




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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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