QUOTE AND NEWS
USAToday.com  Nov 22  Comment 
Cutting the Cord: Verizon builds, will cord cutters come?
Motley Fool  Nov 21  Comment 
Consumer Reports recently compiled a survey or wireless providers and the results are in.
Motley Fool  Nov 21  Comment 
Historically, Verizon has been a great dividend stock to own, but these three things make it a great dividend investment for the future.
Cloud Computing  Nov 21  Comment 
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online...
Forbes  Nov 21  Comment 
In early trading on Friday, shares of Caterpillar (CAT) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 3.9%. Year to date, Caterpillar registers a 16.8% gain.
Jutia Group  Nov 20  Comment 
[at TheStreet] - TheStreet Ratings team reiterates its 'buy' rating and ratings score of B on Verizon Communications (VZ) stock. Read more on this. Verizon Communications Inc. (VZ), currently valued at $208.27B, started the session at $50.39.  ...
TheStreet.com  Nov 20  Comment 
NEW YORK (TheStreet) -- TheStreet Ratings team reiterates Verizon Communications Inc.   as a "buy" with a ratings score of B. Shares of Verizon are lower by 0.53% to $50.22 in late afternoon trading on Thursday. TheStreet Ratings Team has...
Motley Fool  Nov 20  Comment 
The change at Verizon could end up costing competitors Sprint and T-Mobile more money.
Benzinga  Nov 19  Comment 
The graph below was produced by Capital Market Labs. While corporate profits in the S&P 500 are ringing in all-time highs, nominal wages are relatively stagnant since the peaks in 2007, which means real wages are down. In English, this...
Benzinga  Nov 19  Comment 
Verizon Communications Inc. (NYSE: VZ) stock has rallied nicely off of the October lows, where the stock broke down below its uptrend line support. Now that the stock has seemingly completed five mini-waves to the upside, it is due to pull...




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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