QUOTE AND NEWS
guardian.co.uk  6 hrs ago  Comment 
In the first of a series of monthly columns, the leading critic of the politics of the internet argues that the benefits of the latest innovations are overstated and often risible Early this month, Verizon, one of America's largest mobile...
Motley Fool  Sep 27  Comment 
Recently rated as the top wireless network, Verizon investors may stand to benefit as a result.
SeekingAlpha  Sep 27  Comment 
By Bob Ciura: Income investors typically flock to the telecom sector, and for a good reason. Telecoms are a haven for those seeking high yields. Two of the most well-known telecom stocks are Verizon (NYSE:VZ) and AT&T (NYSE:T). Both stocks sport...
SeekingAlpha  Sep 26  Comment 
By William Ho: Many in the industry assume that LTE is pretty much done and moved onto the next big thing. Verizon Wireless (NYSE:VZ) and AT&T (NYSE:T) have messaged that their networks exceed 300 million people covered and T-Mobile (NYSE:TMUS)...
SeekingAlpha  Sep 26  Comment 
By William Ho: [Originally published 8/19/2014] WHAT IS IT? After much speculation and talk, Sprint (NYSE:S) finally announced its new Family Share Pack plan, 12 days after...
Benzinga  Sep 26  Comment 
A Bloomberg article on September 24 focused on a Verizon Communications Inc. (NYSE: VZ) plan to monetize 12,000 wireless towers for an estimated $6 billion. If Verizon is selling, who is buying? The Competition The recent $4.36 billion tower...
DailyFinance  Sep 26  Comment 
Forty-eight New England nonprofits received a boost for their domestic violence prevention efforts from the Verizon Foundation and Verizon Wireless’ HopeLine program on Thursday, Sept. 25. In photo left to right: Karen...
Jutia Group  Sep 26  Comment 
[Business Wire] - Forty-eight New England nonprofits received a boost for their domestic violence prevention efforts from the Verizon Foundation and Verizon Wireless’ HopeLine program on Thursday, Sept. Read more on this. Verizon Communications...
Jutia Group  Sep 25  Comment 
[Zacks] - Verizon Communications Inc. (VZ) is planning to divest its cell towers. The transaction could fetch Verizon around $6 billion. Read more on this. Verizon Communications Inc. (VZ), with a current market cap of $205.64B, opened this...
Cloud Computing  Sep 25  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...




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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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