QUOTE AND NEWS
Benzinga  Dec 21  Comment 
8x8, Inc. (NASDAQ: EGHT) shares fell on Wednesday after a source close to the situation told Benzinga its board initiated the process to find suitors, but the sale proposal failed to inspire any buyers. The stock initially spiked on news of...
New York Times  Dec 20  Comment 
Despite the easy narrative that Yahoo is a loser in the tech industry, its business is stabilizing and Verizon has little to stand on to exit the merger.
Forbes  Dec 16  Comment 
300 Entertainment co-founder Kevin Liles has partnered with Verizon to create the #Freestyle50Challenge. The challenge will grant seven aspiring emcees an opening slot on a nationwide tour, as well as the chance to win a $10,000 cash prize and a...
Benzinga  Dec 16  Comment 
There are many adjectives that could be used to describe Yahoo! Inc. (NASDAQ: YHOO) after a new data breach disclosed this week could result in Verizon Communications Inc. (NYSE: VZ) walking away from its planned $4.8 billion acquisition of some...
Benzinga  Dec 16  Comment 
The following are the M&A deals, rumors and chatter circulating on Wall Street for Thursday December 15, 2016. Verizon Said to be Considering Dropping Yahoo! Deal The Rumor: Verizon Communications Inc. (NYSE: VZ) could consider backing...
TechCrunch  Dec 16  Comment 
 Yahoo shares tumbled 6% on Thursday as investors feared that the latest Yahoo hack could spell bad news for its sale to Verizon. This is the second major hack revelation in recent months and there’s speculation that Verizon could be spooked....
Wall Street Journal  Dec 16  Comment 
Yahoo’s move to force some users to reset their passwords following a newly disclosed security breach could disrupt the planned sale of its core assets to Verizon, security experts say.




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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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