QUOTE AND NEWS
New York Times  12 hrs ago  Comment 
In amassing Yahoo, AOL and other online services, Verizon is preparing for the day when its most important clients are advertisers, not users.
New York Times  Jul 29  Comment 
The internet giant’s decision to sell its business is plagued with challenges that reveal how unusual deal structures can affect shareholders.
SeekingAlpha  Jul 29  Comment 
Clusterstock  Jul 28  Comment 
July 18 was a big day at Yahoo: It announced its second-quarter earnings and took the final bids for the auction of its core business, which eventually sold to Verizon. But it appears that day marked the start of a new trend at Yahoo as well —...
Benzinga  Jul 28  Comment 
It’s certainly been an eventful week for Verizon Communications Inc. (NYSE: VZ). The company kicked off the week by announcing that it has agreed to buy Yahoo! Inc. (NASDAQ: YHOO) for $4.8 billion. Verizon then reported mixed Q2 results,...
Benzinga  Jul 27  Comment 
Yahoo! Inc. (NASDAQ: YHOO)'s CEO Marissa Mayer made it clear she wants to remain CEO of the company, even though it has agreed to sell its Internet assets to Verizon Communications Inc. (NYSE: VZ). Yahoo's remaining properties, including its...
Benzinga  Jul 27  Comment 
Verizon Communications Inc. (NYSE: VZ) and its impressive 4.1 percent dividend has been one of the hottest large cap stocks in the market in 2016. Despite the stock’s 19.1 percent year-to-date gain, Argus analyst Joseph Bonner still sees...
Automotive World  Jul 27  Comment 
 ADTRAN®, Inc., (NASDAQ:ADTN), a leading provider of next-generation open networking solutions, today announced that Verizon has selected its SDN-optimized NG-PON2 solution for upcoming lab trials. The goal is to create a cost-effective...
Motley Fool  Jul 27  Comment 
Which of these two telecom stocks is the better bet for investors?
The Economic Times  Jul 27  Comment 
Following the sale of its internet business, Yahoo will be left with its $41 billion stake in Chinese e-commerce company Alibaba, as well as Yahoo Japan.




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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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