QUOTE AND NEWS
CNNMoney.com  Jul 18  Comment 
Read full story for latest details.
TheStreet.com  Jul 18  Comment 
NEW YORK (TheStreet) -- Verizon Communications shares are up 0.5% to $50.58 on Friday after being upgraded to Oppenheimer's "triple play" list.The firm's list is based on three factors which include: the company has an "outperform" rating, they...
Forbes  Jul 18  Comment 
Wall Street is high on Verizon Communications, expecting it to report earnings that are up 23% from a year ago when it reports its second-quarter earnings on Tuesday, July 22, 2014. The consensus estimate is 90 cents per share, up from earnings of...
Telecom Ramblings  Jul 18  Comment 
At least one piece of the simmering interconnection dispute over Netflix data bottlenecks has been getting clearer lately. Following Netflix's 'crowded network' warning message to subscribers in June, last week Verizon put out a piece...
SeekingAlpha  Jul 18  Comment 
By Robert Weinstein: AT&T Inc. (NYSE:T) is a communications holding company. AT&T trades an average of 17.8 million shares per day, and the market cap is $189 billion. Competitors include Verizon (NYSE:VZ), Sprint (NYSE:S), Charter (NASDAQ:CHTR),...
StreetInsider.com  Jul 17  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/ControlTec%2C+Verizon+%28VZ%29+Enter+Join+Partnership/9669042.html for the full story.
Motley Fool  Jul 17  Comment 
Shares of Verizon, AT&T, and Windstream carry a handsome dividend yield. But are those dividends sustainable?
SeekingAlpha  Jul 16  Comment 
By Robert Weinstein: Background: Verizon Communications (NYSE:VZ) is the largest provider of wireline and wireless communications in the United States. The company trades an average of 12.9 million shares per day, and the market cap is $209...
Jutia Group  Jul 16  Comment 
[PR Newswire] - NEW YORK, July 16, 2014 /PRNewswire/ -- Continuing to build on its strong history in 100G technology, Verizon has completed another technology milestone by proving that 100G traffic can be successfully ... Read more on this. ...
Motley Fool  Jul 16  Comment 
The phone giants -- with an assist from the FCC -- have charged for roaming in a way that makes it hard for other companies to lower prices.




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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