Lowell C. McAdam, CEO
Francis J. Shammo, CFO/Exec. VP
Roger Gurnani, CIO/Exec. VP
Anthony J. Melone, CTO/Exec. VP
Marc C. Reed, Chief Admin. Officer/Exec. VP
Randal S. Milch, General Counsel/Exec. VP
Holly Hess Groos, Sr. VP-Operational Excellence
John W. Diercksen, Exec. VP-Strategy, Dev. & Planning
Peter W. Thonis, Chief Comm. Officer
Daniel S. Mead, CEO/Pres., Verizon Wireless
Robert Mudge, Pres., Consumer & Mass Bus. Markets
Thomas J. Tauke, Exec. VP-Comm., Public Affairs & Policy
John G. Stratton, pres., Verizon Enterprise Solutions
Lowell C. McAdam, Chmn.
Phone:
212-395-1000
Fax:
Toll-Free:
800-837-4966
Address:
140 West St.
New York, NY 10007 US
GROWTH PLANS/SPECIAL FEATURES
Verizon Communications, Inc. is one of the world’s largest providers of communications services. The primary network technology platforms are 3G CDMA, based on spread-spectrum digital radio technology, and 4G LTE, which provides a higher throughput performance and improved efficiencies than the 3G technologies.
It operates in two segments: Verizon Wireless and Wireline. The Verizon Wireless segment’s products and services include wireless voice, data products and other value added services and equipment sales across the U.S. The division includes Cellco Partnership (doing business as Verizon Wireless), in which Verizon holds a 55% controlling interest, with Vodafone holding the rest. The segment’s network provides services to a customer base of nearly 92.2 million. Verizon Wireless’ 4G LTE network is deployed in 195 markets, covering more than 200 million people. The wireline segment, operating in over 150 countries, comprises four units: Mass Markets; Global Enterprise; Global Wholesale; and Other. The Mass Markets unit provides local exchange, long distance, broadband services and FiOS TV services to residential and small business subscribers. Global Enterprise offers voice, data and Internet communications services to medium and large business customers, multi-national corporations and state and federal government customers. Global Wholesale provides switched access and special access services to long distance and other carriers. Lastly, the Other segment provides local exchange and long distance services from former MCI mass market customers, operator services, pay phone, card services and supply sales. In 2011, the company acquired Terremark Worldwide, Inc. and CloudSwitch, a provider of cloud software technology. In April 2011, Verizon launched Verizon Digital Media Services, created to help digital retailers and content owners produce, manage and distribute on-demand programming to customers. Employees receive medical, prescription drug, vision and dental coverage; tuition assistance; discounts on Verizon products; health and dependent care spending accounts; life insurance; and commuter spending accounts.
FINANCIALS: Sales and profits are in thousands of dollars-add 000 to get the full
amount. Yr. 2010 note: Fiscal 2010 results were not available for all companies
at press time.
- 2010 Sales: $106,565,000
- 2009 Sales: $107,808,000
- 2008 Sales: $97,354,000
- 2007 Sales: $93,469,000
- 2006 Sales: $88,182,000
- 2010 Profits: $10,217,000
- 2009 Profits: $3,651,000
- 2008 Profits: $6,428,000
- 2007 Profits: $5,521,000
- 2006 Profits: $6,197,000
Stock Ticker: VZ
Employees: 194400
Fiscal Year Ends: 12/31