MarketWatch  2 hrs ago  Comment 
U.S. stocks closed with modest losses on Thursday, with telecom stocks the biggest decliners of the day following results from Verizon Communications [S: VZ]. Verizon reported revenue that was below expectations, sending the Dow component's stock...
Benzinga  4 hrs ago  Comment 
$50.38 - Wednesday close $49.57 - Intraday high as of 1:59 PM $49.00 - Current price as of 1:59 PM $48.90 - Intraday low as of 1:59 PM $48.47 - January 28 low If content like this is useful to your trading/investing...
Forbes  4 hrs ago  Comment 
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Chipotle Mexican Grill Inc (NYSE: CMG), where a total of 5,778 contracts have traded so far, representing approximately 577,800 underlying...
Forbes  6 hrs ago  Comment 
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a...
CNNMoney.com  7 hrs ago  Comment 
Verizon's deal drama with Yahoo is going to drag on for a long time.
New York Times  8 hrs ago  Comment 
Shares of Verizon and eBay were down after the companies issued disappointing quarterly results.
Benzinga  10 hrs ago  Comment 
Shares of the biggest telecom service provider, Verizon Communications Inc. (NYSE: VZ), dropped in pre-market trading following mixed results in the third quarter. While adjusted earnings came in above estimates, revenue missed. The telecom...
Clusterstock  10 hrs ago  Comment 
Verizon on Thursday reported third-quarter earnings results that topped analysts' forecasts for profits but trailed expectations for subscriber growth. The company announced adjusted earnings per share of $1.01, slightly higher than the median...


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].


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).


  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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