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Verizon

Verizon Wireless is the largest wireless communications provided in the United states, with more than 27.5 million wireless voice and data customers. This coast-to-coast wireless provider was formed by the merger of Bell Atlantic Corporation and GTE Corporation and now does business under the name of Verizon Communications (NYSE: VZ), as well as Vodaphone (NYSE and LSE: VOD) (“About Us,” p. 1). The firm includes the assets of Bell Atlantic Mobile, Air Touch Cellular, GTE Wireless, PrimeCo Personal Communications and Air Touch Paging.

Currently, the firm is divided into two functional areas: Wireless Data and Internet Services, and Messaging Services. The firm employs more than 38,000 individuals, covers 49 of the top 50 U.S. markets and 96 of the top 100 markets, with coverage set at about 90 percent of the nation (“About Us,” p. 1). The firm has 1,300 company stores and/or kiosks, 140 switching centers, and employs Code Division Multiple Access for Digital Network Technology.

Verizon Wireless is headquartered in New York City and Bedminster, New Jersey. The firm describes itself as “one of the world’s largest providers of communications services...the largest providers of wireless and wireless communications in the United States, with more than 100 million access lines and 26 million wireless customers. A Fortune 10 company....with approximately $60 billion in 1999 revenues (“About Us,” p. 1).”

Additionally, Verizon’s global presence extends to 40 countries in the Americas, Europe, Asia, and the Pacific. In February 2001, Verizon announced its 2000 earnings and other financials, including the following data:

2000 reported earnings were $.70 per diluted share on net income of $1.9 billion, up 11.1 percent from $.63 or $1.7 billion in the fourth quarter of 1999

For 2000, report per share (EPS) were $4.31, or $11.8 billion, a 45.1 percent increase from $2.97 in 1999

Continuing strong demand...

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Verizon. (1969, December 31). In LotsofEssays.com. Retrieved 10:10, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1686553.html