QUOTE AND NEWS
TheStreet.com  53 min ago  Comment 
NEW YORK (TheStreet) -- Shares of Verizon were falling 2.3% to $47.15 Thursday after missing analysts' estimates for earnings in the fourth quarter. Verizon reported earnings of 71 cents a share for the fourth quarter, below analysts'...
Yahoo  2 hrs ago  Comment 
Shares in Verizon dipped slightly to $47.95 in premarket trading after closing at $48.25 on Wednesday. Excluding items, Verizon earned 71 cents per share, matching Wall street estimates, according to Thomson Reuters I/B/E/S. Revenue rose to $33.19...
Market Intelligence Center  3 hrs ago  Comment 
Verizon Communications Inc (VZ) was selected by MarketIntelligenceCenter.com’s trade-picking algorithms today after trading between $47.61 and $48.40 on Wednesday before closing at $48.25. A diagonal spread using a long position in the Jan. '16...
Wall Street Journal  4 hrs ago  Comment 
Verizon posted a heavy loss in its fourth quarter on pension and severance costs, though strength in tablets were again a driver of growth for the telecom company.
MarketWatch  11 hrs ago  Comment 
EBay, KeyCorp, Verizon, and American Express are among the notable movers in Thursday’ s market.
Motley Fool  Jan 22  Comment 
If the newest Federal Communications Commission petition is correct, Verizon follows a long line of businesses using government to their advantage while decrying modest regulation.
Jutia Group  Jan 21  Comment 
[at 24/7 Wall St.] - Verizon Communications is scheduled to report its fourth-quarter results Thursday before the market opens. Read more on this. Verizon Communications Inc. (VZ), valued at $200.22B, opened this morning at $47.90.   A quick...
Forbes  Jan 21  Comment 
Analysts expect higher profit for Verizon Communications when the company reports its fourth quarter results on Thursday, January 22, 2015. The consensus estimate is calling for profit of 73 cents a share, reflecting a rise from 66 cents per share...




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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