QUOTE AND NEWS
Motley Fool  Oct 2  Comment 
The two companies oppose a proposal which would change the definition of broadband service.
Forbes  Oct 2  Comment 
AT&T started yet another round of mobile price cutting, this time focused on groups and families using lots of data. That's good news for heavy smartphone customers, who can now stay online twice as long for the same price. But it also means some...
Wall Street Journal  Oct 2  Comment 
Amid strong pushback from regulators, Verizon said it was canceling plans to slow down data speeds for some users of its most advanced network during periods of peak congestion.
Wall Street Journal  Oct 2  Comment 
AT&T, Verizon and Sprint battling for cellphone customers are offering to "double the data"—a promotion that has little cost in the near term but which could be trading away future revenue growth.
New York Times  Oct 1  Comment 
Scheduled to begin on Nov. 13, the auction by the F.C.C. is expected to raise at least $10 billion.
StreetInsider.com  Oct 1  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Verizon+%28VZ%29%2C+Viacom+%28VIAB%29+Renew+Carriage+Agreement+for+FiOS/9877650.html for the full story.
Benzinga  Oct 1  Comment 
Verizon Communications Inc (NYSE: VZ) shares have seen some buying interest throughout the last couple of weeks as the markets have seen increased volatility. Verizon has long been a "safe harbor" for traders and investors seeking some shelter...
SeekingAlpha  Oct 1  Comment 
By New Capital: Mandalay Digital Technologies (NASDAQ:MNDL) appears to be an over-hyped stock that saw its share price almost doubled upon the deal announcement with Verizon. Now we have a company trading at $185m market value, with only $5.5m of...




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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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