BNET Industries
Verizon Communications Inc. (VZ) is in the Technology Industry
- Revenue
- Dec 31 2007
- $93.4B
- Profit
- Dec 31 2007
- $5.5B
- Market Cap
- May 09 2008
- $108.0B
Latest News and Analysis
Location-based software firm deCarta raises USD10.5m
Geospatial software maker, deCarta, has topped up a Series C funding round with USD10.5m in investment, reports peHUB. The funds are part of a new USD21m investment and follow an initial Series C sum of USD15m. This was led by Norwest Venture Partners in Jul 2007, with existing backers...
Sprint's Loss Widens
By Sinead Carew NEW YORK (Reuters UK) - Sprint Nextel (S), the No. 3 U.S. wireless service provider, said on Monday it may seek changes to its credit agreements, raising questions about how long it will take to turn around the business. The company posted a...
Sprint's Loss Widens, Sees Slow Improvement
By Sinead Carew NEW YORK (Reuters) - Sprint Nextel Corp (S), the No. 3 U.S. wireless service provider, said on Monday it may seek changes to its credit agreements, raising questions about how long it will take to turn around the business. The...
Virgin Mobile and Korea's SK in Talks
By Sinead Carew NEW YORK (Reuters UK) - Richard Branson's Virgin Mobile USA (VM) and South Korea's SK Telecom , which controls U.S. mobile service Helio, are in early talks on a deal, a person familiar with the discussions said on Friday. The person, who was...
News Corp-backed web TV firm raises USD15m
News Corp-backed Kit Digital, the online TV firm formerly known as Roo Group, has raised USD15m from new and existing institutional investors. Kit's founder and CEO Kaleil Isaza Tuzman led the round through his Dubai-based investment vehicle, Kit Capital, which provided nearly half of the funding. The company, which...
Cablevision Adds Subscribers
By Yinka Adegoke NEW YORK (Reuters) - Cablevision Systems Corp (CVC) on Thursday posted an unexpected quarterly gain in cable subscribers, but its shares fell as it outlined new spending plans on a high-speed wireless Internet network. Also, the cable operator, run by...
Cablevision to Buy Sundance Channel For $496 Mln
NEW YORK (Reuters) - Cablevision Systems Corp (CVC) said on Wednesday it would acquire Sundance Channel from General Electric Co's NBC Universal, CBS Corp's (CBS) Showtime Networks and entities controlled by Robert Redford, the actor and director. Cablevision said it would...
Qwest Posts Lower Quarterly Profit
NEW YORK (Reuters) - Telephone company Qwest Communications International Inc (Q) reported a 34.6 percent fall in quarterly earnings on Tuesday, hurt by increased tax expense, charges for job cuts and weakness in its long-distance phone business. Qwest, seen as one...
D.Telekom Pressed to Do M&A, Looks at Sprint: Sources
By Nicola Leske and Nikola Rotscheroth LUXEMBOURG/DUESSELDORF (Reuters) - Deutsche Telekom AG's major shareholder, the German state, is pressing it to make large acquisitions in the hope of raising its sagging share price, a source familiar with the government's thinking said. "Berlin is...
Sprint Shares Up on Reports of D.Telekom Interest
By Ritsuko Ando NEW YORK (Reuters UK) - Sprint Nextel (S) shares jumped on Monday on reports that Deutsche Telekom (DTEGn) may be interested in buying the No. 3 U.S. mobile operator, but analysts said such a deal would be fraught with problems. While combining Sprint...
Comcast Quarterly Profit Declines, Loses Subs
NEW YORK (Reuters) - Comcast Corp (CMCSA), the largest U.S. cable operator, on Thursday posted a fall in first-quarter net profit and a drop in basic video subscribers as it faced fierce competition from phone and satellite companies. Net profit declined to $732...
Verizon Weathers Economic Slowdown
By Ritsuko Ando NEW YORK (Reuters) - Verizon Communications Inc (VZ) reported a higher quarterly profit on Monday on stronger-than-expected growth in wireless subscribers, showing resilience in the face of a U.S. economic slowdown. The shares in Verizon, the second-largest U.S. phone ...
Hugo Chavez Threatens Sidor Expropriation
CARACAS (Reuters) - Venezuelan President Hugo Chavez on Sunday threatened to expropriate steelmaker Ternium (TX) Sidor if the company cannot reach an agreement over its nationalization "in the coming hours." The announcement comes only a day after Venezuela said it would...
Chavez Threatens Sidor Expropriation
CARACAS (Reuters UK) - Venezuelan President Hugo Chavez on Sunday threatened to expropriate steelmaker Ternium (TX) Sidor if the company cannot reach an agreement over its nationalization "in the coming hours." The announcement comes only a day after Venezuela said it would offer Ternium less...
Report Clears Adviser's Role in Wireless Auction
By Peter Kaplan WASHINGTON (Reuters) - An investigation has cleared a for-profit adviser of any blame for tripping up U.S. government plans to create a wireless network that could be shared with emergency workers. The Federal Communications Commission's inspector general said...
AT&T Profit Rises on Wireless Sales
By Ritsuko Ando NEW YORK (Reuters) - AT&T Inc (T) on Tuesday reported a higher quarterly profit on wireless growth, but a fall in traditional phone subscriptions accelerated and some analysts said the top U.S. phone company may be hurt by a weaker...
Economy to Curb Growth at Phone Companies
By Ritsuko Ando and Sinead Carew NEW YORK (Reuters) - A weaker economy is forcing consumers to find ways to lower their telephone bills, likely limiting profit growth for phone companies like AT&T Inc (T) and Verizon Communications Inc (VZ). While wireless growth...
AOL's Platform-A Lands Verizon Deal, No. 1 Network Ranking
Not a bad day for AOL's Platform-A ad network. First, the company announced a major deal with Verizon, in which Platform-A will rep all of its online advertising, as well as most of its mobile advertising: Under the terms of the agreement, Verizon will leverage Platform-A's ...
AOL Lands Verizon Advertising Deal
By Kenneth Li NEW YORK (Reuters) - Time Warner Inc's (TWX) AOL landed one of its biggest advertising deals since the division's restructuring as the sole representative of telephone company Verizon Communications Inc's (VZ) online advertising inventory. The timing of the...
Verizon Gets it on File-sharing
Verizon Gets it on File-sharingWhy should I pay for file sharing?In the UK the Govt. introduced a tax on blank tapes and CD's to pay musicians (in reality the record companies) for illegally copied music. The result, people stopped buying blanks and started downloading from Napster and a host of...
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- Incorporated: 1983
- CEO: Mr. Ivan G. Seidenberg
Verizon Communications is engaged in providing communications services. As of Dec 31 2007, Co. had two reportable segments: wireline and domestic wireless. Co.'s wireline business provides communications services, including voice, broadband video and data, Internet Protocol (IP) network services, network access, long distance and other services to consumers, carriers, businesses and government customers both domestically and globally. Co.'s wireline business also owns and operates IP networks. Co.'s domestic wireless business, which operates as Verizon Wireless, provides wireless voice and data products and services across the U.S.
Key Competitors
Verizon Communications Inc. Company Info
Board of Directors
Mr. Ivan G. Seidenberg
Chairman
Mr. Hugh B. Price
Dr. John W. Snow
Mr. John R. Stafford
Mr. Richard L. Carrión
Ms. M. Frances Keeth
Mr. Robert W. Lane
Dr. Sandra O. Moose Ph.D.
Mr. Joseph Neubauer
Mr. Donald T. Nicolaisen
Mr. Thomas H. O'Brien
Mr. Clarence Otis Jr.
Contact Information
1095 Avenue of the Americas
New York, NY
212 395-2121