QUOTE AND NEWS
Jutia Group  Mar 2  Comment 
[PR Newswire] - BIRMINGHAM, Ala., March 2, 2015 /PRNewswire/ -- Alabamians in 2015 will experience faster, more reliable wireless calling, data streaming and Web surfing on the Verizon Wireless network thanks to heavy investments the company made...
Cellular News  Mar 2  Comment 
Verizon has become the first US mobile network operator to deploy the Ericsson Radio Dot System in a commercial building. Click here for more.
TechCrunch  Mar 1  Comment 
 With its web-based, no-native Firefox OS smartphones launched only in 2013, the open-source web software maker Mozilla has been a late mover in mobile, with only 1 million devices shipped to date. But it continues to step up its efforts...
Wall Street Journal  Feb 27  Comment 
Verizon said the bidding strategy employed by entities related to Dish Network distorted the government’s $45 billion spectrum auction, joining its counterparts in complaining about the satellite-TV provider’s tactics.
Cellular News  Feb 27  Comment 
A modest positive effect on Verizon's credit profile is likely should it increase capacity via spending on small cells, deployment in unlicensed spectrum and on advances in technology rather than by acquiring spectrum at relatively high...
guardian.co.uk  Feb 26  Comment 
Telecoms giant uses a faux typewriter and morse code to issue statement expressing frustration at what it calls ‘antiquated’ internet regulations Verizon took to morse code and a faux-typewriter to express its frustration over new rules to...
MarketWatch  Feb 26  Comment 
Verizon Communications is so mad at new net-neutrality rules, they’re throwing the whole typewriter at it.
Jutia Group  Feb 26  Comment 
[PR Newswire] - NEW YORK, Feb. 26, 2015 /PRNewswire/ -- The Verizon small business team 's latest live webinar on March 11 will feature Justin Blaney , entrepreneur and No. 1 best-selling author of six books including ... Read more on this. ...




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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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