QUOTE AND NEWS
DailyFinance  2 hrs ago  Comment 
Verizon Wireless: WHO:Verizon Wireless, operator of the nation’s largest and most reliable 4G LTE and 3G networksWHAT: Verizon Wireless recently enhanced fourth generation (4G) Long Term Evolution (LTE) network ...
SeekingAlpha  Apr 17  Comment 
ByThe Outsider: High-dividend yields may be good opportunities or dividend traps because generally a dividend yield, which is considerably above average, may be considered a warning sign for income investors. Therefore, it is extremely important...
SeekingAlpha  Apr 17  Comment 
ByIAEResearch: Verizon (VZ) is the largest telecommunications company in the U.S., complemented by its huge customer base and comparatively better data services than its competitors. However, the start of the year has not been kind to telecom...
Cloud Computing  Apr 17  Comment 
BASKING RIDGE, N.J. , April 17, 2014 /PRNewswire/ -- John Stratton , Verizon executive vice president and president of the company's wireline organization, has named Christopher Formant as president of Verizon Enterprise Solutions. read more
Jutia Group  Apr 17  Comment 
[PR Newswire] - CAMBRIDGE, Mass., April 17, 2014 /PRNewswire/ -- Roger Gurnani, Verizon executive vice president and chief information officer, will join other leading CIOs as a keynote panelist at the 2014 MIT Sloan CIO Symposium, a May 21 event...
Benzinga  Apr 17  Comment 
In a report published Thursday, Morgan Stanley analyst Simon Flannery reiterated an Overweight rating and $52.00 price target on Verizon Communications (NYSE: VZ). In the report, Morgan Stanley noted, “Our EPS estimate of 86c is in-line with...
Telecom Ramblings  Apr 17  Comment 
Lots of other metro network news from this week that is worth a quick look, here's a quick rundown: Out west, Integra picked up a five year federal contract. They've been awarded a Local Integrated Services Acquisition (LISA) contract by the...
Forbes  Apr 16  Comment 
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, Verizon Communications (VZ) is the #5 analyst pick.  Verizon Communications Inc also comes in above...
Market Intelligence Center  Apr 16  Comment 
After Tuesday’s trading in Verizon Communications Inc (VZ) MarketIntelligenceCenter.com's patented algorithms uncovered a trade that offers a 4.10% return or 22.67% on an annualized basis (for comparison purposes only), while providing 1.73%...
SeekingAlpha  Apr 16  Comment 
ByBottom Up Investing: Verizon Communications Inc. (VZ) is set to report first-quarter earnings on April 24th. First-quarter results are expected to be solid, with revenues increasing at a 3% pace y/y. For the full year, I'm expecting revenue...




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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