QUOTE AND NEWS
TheStreet.com  3 hrs ago  Comment 
NEW YORK (TheStreet) -- Shares of Verizon Communications Inc. are up 0.64% to $50.94 after the company's CFO Fran Shammo said he is optimistic the FCC will make the "right" decision in legislating rules to regulate how Internet service...
Jutia Group  9 hrs ago  Comment 
[at Bloomberg] - Hours after President Barack Obama called for strict requirements on high-speed Internet providers to treat all content equally, the regulator he wants to write those rules met with Web advocates and online companies. Federal...
Benzinga  11 hrs ago  Comment 
On CNBC's Mad Money, Jim Cramer said that he would sell AT&T Inc. (NYSE: T) and buy Verizon Communications Inc. (NYSE: VZ) because it has a better yield. Cramer thinks that Inovio Pharmaceuticals Inc (NASDAQ: INO) is an interesting speculative...
guardian.co.uk  Nov 11  Comment 
Guidance on top-line profits for the year was broadly unchanged, but service revenues could be back in growth soon It ought to take a lot of good news to boost Vodafones share price by 6%. Even after the sale of the 45% stake in Verizon Wireless...
Wall Street Journal  Nov 11  Comment 
Verizon’s victory earlier this year over the FCC in a net neutrality case before a federal court is now looking to much of the industry like a mistake. Rather than retreat, the FCC raised the ante.
Jutia Group  Nov 11  Comment 
[PR Newswire] - NEW YORK, Nov. 11, 2014 /PRNewswire/ -- Fran Shammo, executive vice president and chief financial officer of Verizon Communications Inc. (NYSE, Nasdaq: VZ), will speak at the Wells Fargo 2014 Tech, Media ... Read more on this. ...
Jutia Group  Nov 10  Comment 
[PR Newswire] - NEW YORK, Nov. 10, 2014 /PRNewswire/ --The latest free live webinar from Verizon's small business team on Nov. 12 will feature Daymond John , entrepreneur, author, motivational speaker and investor on ... Read more on this. ...
Motley Fool  Nov 8  Comment 
Amid intensifying competition in the domestic wireless industry, Verizon is resisting pressure to cut its prices. So long as the company can maintain a network advantage, prices aren't coming down.
Motley Fool  Nov 7  Comment 
Don't count Sprint out just yet. The company is investing big money to upgrade its network.




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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