QUOTE AND NEWS
TheStreet.com  11 hrs ago  Comment 
NEW YORK (TheStreet) -- A newly released consumer survey concluded that Verizon Wireless and T-Mobile are the two cellular phone carriers delivering the most "bang for the buck."The YouGov BrandIndex measures such things and found Verizon and...
Jutia Group  Apr 4  Comment 
[at Bloomberg] - The industry’s fight over prices, ignited last year by T-Mobile US Inc., is beginning to have a noticeable effect even for consumers who haven’t switched carriers. Even Verizon Communications Inc. (VZ) , the largest U.S....
DailyFinance  Apr 4  Comment 
Verizon Wireless: WHO:  Verizon Wireless, operator of the nation’s largest and most reliable 4G LTE and 3G networks WHAT: Verizon Wireless recently enhanced fourth generation (4G) Long ...
TheStreet.com  Apr 3  Comment 
This story has been updated to clarify Verizon's More Everything plan options are available in every state. An earlier version said that it was not. NEW YORK (TheStreet) -- Verizon stepped up its game in the battle for family wireless plans and...
Jutia Group  Apr 3  Comment 
[PR Newswire] - NEW YORK, April 3, 2014 /PRNewswire/ -- Verizon Digital Media Services and its EdgeCast Device Detection services are providing Refinery29, the largest independent women's style website in the U.S., with a way to improve the user...
Jutia Group  Apr 2  Comment 
[PR Newswire] - PHILADELPHIA, April 2, 2014 /PRNewswire/ -- Verizon Wireless and the Philadelphia Eagles kicked off the new domestic violence awareness campaign, "Pass Along Hope," yesterday at the Verizon Wireless ... Read more on this. Verizon...
SeekingAlpha  Apr 2  Comment 
By Jeremy LaKosh: Verizon (VZ) stock has seen a lackluster performance over the past year. The company's largest headline was its acquisition of Vodafone's minority interest, which increased the company's debt and number of shares. (click to...
Jutia Group  Apr 1  Comment 
[PR Newswire] - PHILADELPHIA, April 1, 2014 /PRNewswire/ -- Verizon Wireless has announced plans to add 150 positions in the Philadelphia Tri-State region in retail sales. Interested candidates can apply online by visiting the Verizon Wireless...
DailyFinance  Apr 1  Comment 
AUSTIN, TX -- (Marketwired) -- 04/01/14 -- Macheen Inc., a leading mobile cloud application service provider for connected devices, today announced the availability of the Macheen Mobile Connect platform as a 4G service on the North...




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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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