The Information Technology 100
As the dust settles after 10 years of consolidation in telecommunications, Verizon is emerging as one of the U.S. industry's two most powerful players along with SBC Communications. Verizon has leveraged its longstanding strength in basic phone service to create a leading position in wireless communications and next-generation Internet services. Last year, even though Verizon's traditional phone biz shrank 3%, total sales rose 6%, to $71.3 billion. Most of the credit goes to 23% growth in its $28 billion wireless business.
Now with the pending acquisition of MCI, Verizon is poised to become a leading supplier of communications services to Corporate America. Let the battle with SBC begin.
|Return on Equity||20.6%|
|CORPORATE WEB SITE|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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