QUOTE AND NEWS
Forbes  3 hrs ago  Comment 
Wall Street is expecting higher profit for Verizon Communications when the company reports its second quarter results on Tuesday, July 21, 2015. The consensus estimate is calling for profit of $1.00 a share, a rise from 91 cents per share a year...
Market Intelligence Center  7 hrs ago  Comment 
Verizon Communications Inc (VZ) traded between $47.45 and $47.86 before closing at $47.83 Thursday and presents some attractive trading opportunities today according to MarketIntelligenceCenter.com's patented algorithms. The computer program that...
Motley Fool  Jul 16  Comment 
The company's CEO calls out its rival for advertising one price and charging another.
TheStreet.com  Jul 16  Comment 
NEW YORK (TheStreet) -- Time Warner Cable rose Wednesday after Netflix declared its support for the cable company's pending merger with Charter Communications . Verizon Communications fell after a report forecast the telecom carrier to...
Forbes  Jul 15  Comment 
Under the deal, Vice will provide its curated content from existing digital channels, in addition to creating exclusive new content for Verizon's service. Verizon's interest in over-the-top services such as mobile video and advertising has been...
Motley Fool  Jul 14  Comment 
Will Verizon buy Millennial Media to expand its reach into mobile ads?
Jutia Group  Jul 14  Comment 
[PR Newswire] - NEW YORK, July 14, 2015 /PRNewswire/ -- Verizon and VICE today announced a new content partnership that will bring the youth brand's award-winning content to Verizon's mobile video platform, launching later this year. The...
New York Times  Jul 14  Comment 
The communications giant has teamed up with the youth-oriented media company in a multiyear deal as both companies hope to expand their reach.
TheStreet.com  Jul 13  Comment 
  NEW YORK (TheStreet) -- Jim Cramer answered viewers' Twitter questions from the floor of the New York Stock Exchange.  The first question was regarding Ferrari, its valuation, and his view of Fiat Chrysler on the whole....
Jutia Group  Jul 13  Comment 
[PR Newswire] - Verizon and Epic! Gaming Lounge will test some of these gamers on Aug.7-9 at host the EGLDallas10K video game tournament at The Keller Pointe in Keller, Texas. Contestants will be playing for $40,000 in prizes over a Verizon FiOS...




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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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