QUOTE AND NEWS
Jutia Group  Aug 29  Comment 
[PR Newswire] - NEW YORK, Aug. 29, 2014 /PRNewswire/ -- Verizon Communications Inc. today announced that it will redeem the entire outstanding principal amount of its $750 million 1.25% Notes, due November 3, 2014 (CUSIP 92343V BB9) (the "Notes")....
DailyFinance  Aug 28  Comment 
Verizon Wireless ranked highest among all other national wireless providers in the Northeast region in the J.D. Power 2014 Wireless Network Quality Study℠, Volume 2, issued August 28, 2014. The Northeast region includes...
Forbes  Aug 27  Comment 
The latest big company to opt for constructing "green energy" power options on its own rather than waiting around for local utility companies is Verizon, which will spend another $40 million to expand a program it started last year.
Cloud Computing  Aug 27  Comment 
to follow suit. As added incentive, Razorsight will send towels to all customers who take the ice bath. read more
DailyFinance  Aug 27  Comment 
Sprint today announced that its all-new network in New Hampshire shares first-place RootScore® Awards for call and text performance according to a recent report by independent testing company RootMetrics®. Last week...
Benzinga  Aug 27  Comment 
Gogo (NASDAQ: GOGO) is an unlikely acquisition target because of technological, regulatory and practical hurdles, one analyst said Wednesday. Gogo, which provides Wi-Fi to commercial airline passengers, hit a year-high earlier this month on...
SeekingAlpha  Aug 27  Comment 
By David Merkel, CFA: Somewhat less than three years ago, I wrote two articles on Behemoth stocks [one, two], which I define as stocks with over $100 billion of market cap. Today, I want to revisit those stocks and those that have joined them. The...
StreetInsider.com  Aug 26  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Verizon+%28VZ%29+Enters+Agreement+for+SEC+Network+on+FiOS/9784182.html for the full story.
SeekingAlpha  Aug 26  Comment 
By Glyndon Park: AT&T (NYSE:T), Verizon (NYSE:VZ), and Centurylink (NYSE:CTL) is the highest yielding stocks large cap stocks with the former the highest yielding in the Dow Jones Industrial Average at 5.25% per annum. VZ and CTL have yields of...
Jutia Group  Aug 26  Comment 
[Benzinga] - In a report published Tuesday, Morgan Stanley analyst Simon Flannery reiterated an Overweight rating on Verizon Communications (NYSE: VZ ), but removed the $54.00 price target. In the report, Morgan Stanley ... Read more on this. ...




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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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