QUOTE AND NEWS
Jutia Group  3 hrs ago  Comment 
[PR Newswire] - SOUTHFIELD, Mich., March 26, 2015 /PRNewswire/ -- Verizon Wireless, a technology leader with the nation's largest and most reliable 4G LTE network, announced today that the company is partnering with Techweek, the nation's leading...
Benzinga  Mar 25  Comment 
Ciena Corporation's (NYSE: CIEN) results will see a slight gain from its recently announced supply contract with Verizon Communications Inc. (NYSE: VZ), an analyst said Wednesday. JP Morgan's Rod Hall called the deal "incrementally positive" for...
Jutia Group  Mar 25  Comment 
[PR Newswire] - COLD SPRING HARBOR, N.Y., March 25, 2015 /PRNewswire/ -- Following Verizon Communications (NYSE: VZ) filing its annual proxy statement with the S.E.C., the company's retirees launched their 17 th annual ... Read more on this. ...
Forbes  Mar 25  Comment 
The most recent short interest data has been released by the NASDAQ for the 03/13/2015 settlement date, and we here at Dividend Channel like to sift through this fresh data and order the underlying components of the Dow Jones Industrial Average by...
Jutia Group  Mar 24  Comment 
[at TheStreet] - Cisco Systems (CSCO) shares are rising in after-hours trading after winning a Verizon contract to update the telecom company's U.S. network. Read more on this. Cisco Systems, Inc. (CSCO), valued at $142.93B, opened this morning...
Jutia Group  Mar 24  Comment 
[at TheStreet] - Cisco Systems (CSCO) shares are rising in after-hours trading after winning a Verizon contract to update the telecom company's U.S. network. Read more on this. Verizon Communications Inc. (VZ), valued at $205.32B, opened at...
TheStreet.com  Mar 24  Comment 
NEW YORK (TheStreet) -- Cisco Systems  won a Verizon contract to help the telecom company modernize its U.S. network by incorporating 100G optical technology.Verizon wants to modernize its optical network by replacing its legacy...
Telecom Ramblings  Mar 24  Comment 
It's time for a set of quick takes on news from the first part of this week: Verizon says it is going 100G in the metro. They'll beleveraging Ciena's packet optical gear and Cisco's network convergence technology to do in the metro what they've...
Wall Street Journal  Mar 23  Comment 
Verizon Communications Inc. Chairman and Chief Executive Lowell C. McAdam received total compensation valued at $18.3 million in 2014, up nearly 16% from a year earlier.




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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki