QUOTE AND NEWS
SeekingAlpha  11 hrs ago  Comment 
By Dividend Growth Investor: Most readers are probably aware that it has been getting more difficult to find decent values in the current environment. When I ran my screens for valuation, I stumbled upon AT&T (NYSE:T) and Verizon (NYSE:VZ), which...
Forbes  Jul 28  Comment 
Consistently, one of the more popular stocks people enter into their stock options watchlist at Stock Options Channel is Verizon Communications (NYSE: VZ). So this week we highlight one interesting put contract, and one interesting call contract,...
Forbes  Jul 26  Comment 
Verizon Wireless launched a "network optimization" policy three years ago to limit the data speeds of its heaviest 3G data users -- subscribers with unlimited data plans whose data usage is in the top 5% of all users. A majority of Verizon's users...
Motley Fool  Jul 25  Comment 
The Dow falls but its telecom members rise anyhow thanks to a glowing analyst note. But do this upgrade's assumptions really support the conclusion -- and market action?
Forbes  Jul 25  Comment 
In early trading on Friday, shares of Verizon Communications (VZ) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 0.7%.  Year to date, Verizon Communications registers a 4.6% gain.
Forbes  Jul 25  Comment 
The carrier recorded its highest sales growth in the past six quarters, with total operating revenues increasing by 5.7% over the prior year quarter to $31.5 billion. This was driven by double-digit sales growth in the wireless business and...
Jutia Group  Jul 25  Comment 
[at Seeking Alpha] - When Verizon Wireless (NYSE: VZ ) announced its revamped pricing structure in 2012, I thought it would serve to sap its growth momentum and cause AT&T (NYSE: T ) and Sprint (NYSE: S ) to pick market share ... Read more on...
SeekingAlpha  Jul 25  Comment 
By Garden City Growth and Value: When Verizon Wireless (NYSE:VZ) announced its revamped pricing structure in 2012, I thought it would serve to sap its growth momentum and cause AT&T (NYSE:T) and Sprint (NYSE:S) to pick market share in the wireless...
Dividend Growth Investor  Jul 25  Comment 
Most readers are probably aware that it has been getting more difficult to find decent values in the current environment. When I ran my screens for valuation, I stumbled upon AT&T (T) and Verizon (VZ), which are telecom behemoths in the US. AT&T...
SeekingAlpha  Jul 25  Comment 
ByEquity Watch: I reiterate my bullish rating on Verizon Communications (NYSE:VZ). The company continues to deliver a solid financial performance; strong wireless and FIOS revenues remain the main top-line growth drivers. VZ has also been growing...




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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