QUOTE AND NEWS
Motley Fool  12 hrs ago  Comment 
There's a quiet bidding war going on in the wireless sector, racking up billions of windfall dollars for ... the FCC?
Wall Street Journal  Dec 16  Comment 
Google Inc. and Verizon Communications Inc. struck a long-term patent cross-license agreement to reduce the risk of future patent lawsuits, the latest in a string of deals that signal a slowdown after years of aggressive patent wars.
Jutia Group  Dec 16  Comment 
[Business Wire] - Verizon Communications Inc. and Google Inc. have entered into a long-term patent cross-license agreement covering a broad range of products and technologies. The agreement allows e Read more on this. Verizon Communications Inc....
Cloud Computing  Dec 15  Comment 
"Verizon Digital Media Services is responsible for the broadcast, video and content delivery network that accelerates, scales and helps our customers reach end users with all kinds of video and web content," stated James Segil, CMO of Verizon...
Wall Street Journal  Dec 15  Comment 
Dividend yields for Verizon and AT&T can act as a brake on share-price falls, but it may take a while more before they kick in.
TechCrunch  Dec 15  Comment 
 Microsoft’s got some more support today in its ongoing appeal and wider campaign against the U.S. government over how the latter requests customer data from the cloud, and specifically when the servers where the data is stored are located...
Forbes  Dec 15  Comment 
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Verizon Communications Inc (NYSE: VZ). So this week we highlight one interesting put contract, and one interesting call...
Jutia Group  Dec 15  Comment 
[PR Newswire] - They are among 80 schools across the country selected to each receive a $20,000 grant as part of Verizon's investment to stimulate student interest and achievement in STEM. Eligible to apply for a Verizon Innovate Learning Grant...




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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