QUOTE AND NEWS
Motley Fool  8 hrs ago  Comment 
CEO John Legere continued his industry-disrupting ways at the wireless carrier's latest Un-carrier event.
Financial Times  4 hrs ago  Comment 
Benzinga  10 hrs ago  Comment 
Last week’s U.S. jobs report certainly came as quite a surprise to the market, but was the number really as bad as it seemed? A number of economists quickly rushed in to point out that a Verizon Communications Inc. (NYSE: VZ) strike and...
CNNMoney.com  Jun 6  Comment 
Read full story for latest details. Sponsored: Drivers Feel Stupid For Not Knowing This New Rule Do NOT pay your next car insurance bill until you try this.
Motley Fool  Jun 3  Comment 
Here's a look at some of the economic data released and stocks making moves this week.
Clusterstock  Jun 3  Comment 
The jobs report was, to put it mildly, not pretty. The US economy added only 38,000 jobs against expectations of 160,000 jobs added. The unemployment rate dropped to 4.7%, but a slide in the labor force participation rate was probably a big...
Financial Times  Jun 3  Comment 
Reuters  Jun 3  Comment 
The U.S. economy created the fewest number of jobs in more than five years in May, hurt by a strike by Verizon workers and a fall in goods producing employment, pointing to labor market weakness that could make it
Motley Fool  Jun 3  Comment 
The company ranked the second lowest across all the companies covered in over 45 industries by the American Consumer Satisfaction Index.
TheStreet.com  Jun 2  Comment 
The jobs report for May will be released on Friday. Economists expect nonfarm payrolls to rise by 158,000, in line with April's increase of 160,000 positions. Michelle Meyer, deputy head of U.S. economics at Bank of America Merrill Lynch, also...
Motley Fool  Jun 2  Comment 
These three tech stocks have advantages that should power returns going forward.
The Economic Times  Jun 2  Comment 
Verizon India Thursday appointed Kalyani Sekar as the managing director of the company’s IT & Technology arm Verizon Data Services (VDS) India.




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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