Verizon had a banner year in 2006. The telecom provider signed up more wireless customers than any other operator, its business unit began to grow for the first time in years, and it launched its risky yet bold TV service. The moves are part of CEO Ivan Seidenberg’s plan to transform Verizon into a diversified giant offering voice, Internet tie-ups, and wireless and TV services. It all seems to be jelling: Shares are up 24%, their largest gain since 1999. Now Verizon must sign up more users in new markets such as video, broadband, and wireless data in the face of stiff cable competition. But don’t look for Seidenberg to put that expansion on hold.
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|Total Return||Past 12 Months|
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|Economic Sector||Telecommunication Services|
|Industry||Integrated Telecommunication Services|