QUOTE AND NEWS
SeekingAlpha  Sep 24  Comment 
By Stock Market Sherpa: The Diversified Telecommunications Services Industry is loaded with impressive dividend-paying blue chip stocks. There are several North American telecom companies within this sector that boast yields of greater than 4% and...
Motley Fool  Sep 24  Comment 
If you're trying to decide between AT&T and Verizon as a dividend investment, one is more secure than the other.
TheStreet.com  Sep 24  Comment 
NEW YORK (TheStreet) -- Verizon Communications, Inc.a is looking to sell its wireless network towers by year-end, sources told Bloomberg, in a deal that may raise about $6 billion for spectrum purchases. Verizon hired TAP Advisors LLC, a New...
Jutia Group  Sep 23  Comment 
[Reuters] - Verizon Communications Inc has hired investment bank TAP Advisors LLC to plan a sale of its network's assets including its cell towers, according to a source familiar with the matter. Chief Financial Officer Fran Shammo told Reuters on...
Benzinga  Sep 23  Comment 
Verizon Communications Inc. (NYSE: VZ) hired an investment bank to help unload its network of cell phone towers in a deal that could be worth $6 billion, according to a report Tuesday. Verizon is working on a plan with banker TAP Advisors LLC...
Motley Fool  Sep 23  Comment 
Nathan Hamilton and Sean O'Reilly discuss current trends in the cable industry in this episode of 'Where the Money Is".
NPR  Sep 23  Comment 
Companies like Anheuser-Busch pay hundreds of millions to be identified with the NFL's aura. The last thing they want is to be associated with scandal, but it might be financially tough to walk away.
Jutia Group  Sep 22  Comment 
[PR Newswire] - NEW YORK, Sept. 22, 2014 /PRNewswire/ -- The livelihood of many businesses depends on a fast, reliable Internet connection to perform myriad tasks ranging from sharing with prospective homebuyers an HD-quality video of a home for...
Forbes  Sep 22  Comment 
Christian Siriano and Verizon partnered on the #socialimprint project, which tracked social media conversations around music and fashion during the Fashion Rocks event held in New York in early September, and translated them into different...




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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