| VERIZON
COMMUNICATIONS www.verizon.com |
| Industry
Group Code: 513300A |
Ranks
within this company's industry group: |
Sales:
1 |
Profits:
1 |
|
|
| BUSINESS
ACTIVITIES: ("Y" = YES) |
| Local
Services: |
| Local
Phone Service: |
Y |
| VoIP |
Y |
| |
|
| |
|
| |
|
|
| Long
Distance: |
| Long
Distance Service: |
Y |
| Datanets/VPN: |
Y |
| |
|
| |
|
| |
|
|
| Equipment,
General: |
| Software: |
|
| Information
Systems: |
|
| Cable
and Wire: |
|
| Specialty
Equipment: |
|
| Telecom
Equipment: |
Y |
|
| Wireless/Cell/PCS: |
| Cell
Phone Service: |
Y |
| PCS
Service: |
Y |
| Paging
Service: |
|
| Wireless
Local Service: |
|
| |
|
|
| Services: |
| Outsourcing: |
|
| Consulting: |
|
| Internet Service Provider: |
Y |
| Payment
Processing: |
|
| Specialty: |
Y |
|
| Satellite: |
| Satellite
Carrier: |
|
| Satellite
Equipment: |
|
| |
|
| |
|
| |
|
|
|
| TYPES
OF BUSINESS: |
GROWTH
PLANS/SPECIAL FEATURES: |
| Local Telephone Service
Telecommunications Services
High-Speed Internet Access
Directory Publishing
e-Commerce and Online Services
Video on Demand Services
|
Verizon Communications, Inc. and its subsidiaries
form one of the world’s leading providers of communications
services, including wireline, wireless and Internet
services. The firm has over 140 million access line
equivalents and over 33 million wireless customers.
Global operations encompass more than 30 countries in
the Americas, Europe and Asia Pacific. Verizon operates
in four business segments: domestic telecommunications,
domestic wireless, international and information services.
The domestic telecommunications segment provides local
telephone services, including voice and data transport,
network access and private lines, in 30 states. Domestic
wireless products and services include cellular, PCS
and paging services, as well as equipment sales. Information
services revenues amount to more than $4 billion yearly,
making Verizon one of the world's largest publishing
and information companies. Products include print and
electronic publishing, directories and Internet shopping
guides, as well as e-commerce services. As one of the
world's most aggressive adopters of new technologies,
Verizon is planning a long-term rollout of a complete
network upgrade. The firm will extend the availability
of high-speed fiber-optic lines directly into many homes
and offices. The result will be the availability of
DSL at extremely high speeds of 5 to 30 megabits per
second. These network improvements could support advanced
telephone services, streaming video and movies-on-demand.
Implementation began in 2004 and will take many years
to complete. The firm has one of the largest capital
investment budgets of any firm in the U.S., at about
$13 billion yearly. In July 2004, the company acquired
the assets of Qwest Wireless for $418 million, adding
spectrum width in 62 western markets. In February 2005,
Verizon agreed to buy MCI Communications for $8.4 billion
dollars. In addition, the company completed the acquisition
of NextWave's PCS wireless service bandwidth in 23 markets
for $3 billion. |
| BRANDS/DIVISIONS/AFFILIATES: |
| Verizon Wireless
Verizon New York, Inc.
GTE Southwest, Inc.
Verizon New England, Inc.
Verizon South, Inc.
Qwest Wireless
|
| CONTACTS:
Note: Officers with more than one job title
may be intentionally listed here more than once. |
Ivan G. Seidenberg, CEO
Lawrence T. Babbio, Pres./Vice Chmn.
Doreen A. Toben, Exec. VP/CFO
Marc Reed, Exec. VP-Human Resources
Shaygan Kheradpir, CIO
Mark A. Wegleitner, CTO
William P. Barr, Exec. VP/General Counsel
David H. Benson, Exec. VP-Strategy, Dev. & Planning
Mary Beth Bardin, Exec. VP-Public Affairs & Comm.
John W. Diercksen, Sr. VP-Investor Rel.
William F. Heitmann, Sr. VP/Treas.
Dennis F. Strigl, Sr. VP/Pres., Verizon Wireless
Marianne Drost, Sr. VP/Corp. Sec.
Bruce S. Gordon, Pres.-Retail Markets
Ivan G. Seidenberg, Chmn.
Maria D. Cruz, Dir.-Corp. Sourcing
|
| Phone: 212-395-2121 |
Fax:
212-921-2721 |
| Toll-Free: 800-621-9900 |
| Address:
1095
Ave. of the Americas, New York, NY 10036 US |
| Internet
Address: www.verizon.com
|
|
| FINANCIALS:
Sales and profits are in thousands of dollars—add
000 to get the full amount. 2005 note: Financial information
for 2005 was not available for all companies at press
time. |
| 2005
Sales: $ |
2005
Profits: $ |
Employees: 210,000
Fiscal Year Ends: 12/31 |
| 2004
Sales: $71,283,000 |
2004
Profits: $7,831,000 |
| 2003
Sales: $67,752,000 |
2003
Profits: $3,077,000 |
| 2002
Sales: $67,625,000 |
2002
Profits: $4,079,000 |
| 2001
Sales: $67,190,000 |
2001
Profits: $389,000 |
|
| SALARIES/BENEFITS: |
| Pension
Plan: Y |
ESOP
Stock Plan: |
Profit
Sharing: |
Top
Exec. Salary: $1,951,900 |
Bonus:
$2,700,000 |
| Savings
Plan: Y |
Stock
Purch. Plan: |
|
Second
Exec. Salary: $1,500,000 |
Bonus:
$1,575,000 |
|
| OTHER
THOUGHTS: |
Stock
Ticker: VZ |
LOCATIONS:
("Y" = Yes) |
| Apparent
Women Officers or Directors: 4 |
West: |
Southwest: |
Midwest: |
Southeast: |
Northeast: |
International: |
| Hot
Spot for Advancement for Women/Minorities: Y |
Y |
Y |
Y |
Y |
Y |
Y |
|
