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Verizon Communications


Verizon Communications is a telecommunications company based in New York City, the United States.

Founded in 1983 with the merger of Bell Atlantic and GTE, the company employs more than 235,000 people.

Verizon provides wired and wireless telephone services, Internet access services and television services in the United States.

In June, the telecommunications company announced plans to buy U.S. regional cell phone operator Alltel for US$28.1 billion. The acquisition is expected to unseat rival AT&T and make Verizon the largest cell phone company in the United States.

For the third quarter that ended Sep. 30, Verizon reported a 31 percent increase in profits year-on-year, to US$1.67 billion from US$1.27 billion. The company's revenue grew by 4.1 percent to US$24.75 billion from US$23.77 billion.

This company is listed in Networking & Communications.



Financials
Fiscal year-end December FY08 FY07 FY06 FY05 FY04
Global revenue (US$millions) — 93,469.0 88,182.0 69,518.0 65,751.0
Global full-year net income (US$millions) — 5,521.0 6,197.0 7,397.0 7,831.0
Average year-on-year revenue growth over 4 years 12.86%
Average year-on-year net income growth over 4 years -10.89%
Percentage of revenue from Asia —

Operations
Founded 1983 USA
First Asian office —
Global employees 235,000
Global employees in Asia —
Asian economies: Total 10 China, Hong Kong, India, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand, Vietnam

* Data correct as of October 2008. Information was compiled by ZDNet Asia from sources such as official reports, corporate Web sites and financial news sites. ZDNet Asia strived to get the latest information but does not guarantee the correctness or completeness of the data. The information provided on this site is for general informational purposes only and is not an offer to buy or sell any securities.

ZDNet Asia Top Tech categories
Systems  |   Networking and communications  |   Storage management  |   Security  |   Software infrastructure  |  
Services  |   Business applications  |   Internet services  |  


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