QUOTE AND NEWS
Forbes  4 hrs ago  Comment 
Verizon , the largest U.S. wireless carrier, has seen its stock price rise by close to 20% year-to-date, significantly outperforming the S&P 500, which is up by just about 4% in the same period. Below we take a look at some of the possible reasons...
Benzinga  Jul 14  Comment 
Deutsche Bank expects Verizon Communications Inc. (NYSE: VZ)'s second-quarter earnings to fare below consensus expectations amid weak wireline business, strike and slower uptake of handset installment plans. The brokerage expects Verizon to...
Benzinga  Jul 14  Comment 
Verizon Communications Inc. (NYSE: VZ) said it welcomed the Federal Communications Commission vote on the spectrum frontiers order. According to the company, the new order would make millimeter wave spectrum available for fresh users, which...
SeekingAlpha  Jul 13  Comment 
Motley Fool  Jul 12  Comment 
With investors seeking safety, Verizon Communication Inc. has become a favorite stock in 2016.
The Economic Times  Jul 12  Comment 
CORPBONDS-VERIZON (URGENT)Verizon issues guidance on new cell phone-backed bond
Motley Fool  Jul 11  Comment 
Verizon plans to issue $1.2 billion in bonds backed by equipment installment plans.
Forbes  Jul 11  Comment 
The eight 'Dogs of the Dow' for 2016 have an aggregate gain of 15.5% year to date as a basket of stocks, led by gains of 20% or more for Verizon, Wall-Mart and Exxon Mobil.




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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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