Untitled
Previous | Next

Back to IT100
Home Page >>

The Information Technology 100

41

Verizon Communications

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.

Company Info

STOCK INFO VZ
Revenues* $72.4 BILLION
Revenue Growth 6.3%
Return on Equity 20.6%
Total Return6.6%
Profits* $7.8 BILLION
Industry TELECOM SERVICES
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

  Related BW Stories

Verizon Dials Up More Risk With MCI


Verizon's Wireless Wonder


Verizon's Split Personality


Company Snapshot

Verizon Communications Inc. provides communications services primarily in the United States. The company operates through three segments: Domestic Telecom, Domestic Wireless, and Information Services. The Domestic Telecom segment provides local telephone services in 29 states and the District of Columbia. Its services include voice and data transport, enhanced and custom calling features, network access, directory assistance, private lines, public telephones, digital channel service, and integrated services digital network.The Domestic Wireless segment offers various products and services, which include wireless voice and data services, as well as sells related equipment in the United States. The Information Services segment engages in print and online directory publishing, and provision of content for electronic communications products and services, and Web-site creation services. The company also provides voice switching/processing services, end-user networking services, personal computer-based conferencing, internetworking, data transmission, network integration services, and network monitoring services. Verizon provided wireline and wireless communication services to approximately 45.5 million voice and data customers in the United States, as of April 27, 2005. In addition, the company offers wireline and wireless communication services in the Americas and Europe. Verizon was incorporated in 1983 under the name Bell Atlantic Corp. The company changed its name to Verizon Communications Inc. in 2000 following a merger with GTE Corporation. Verizon is based in New York City.

No. of Employees

210,000


Data provided by Capital IQ
Ivan Seidenberg

Ivan Seidenberg

AGE: 58

Titles

Chairman and Chief Executive Officer

CEO Bio >

Total Compensation*

$ 13.1 MILLION

Total Value of Options**

$ 6.9 MILLION

Degrees Held

City University of New York (BA), Pace University (MBA)

* Latest available fiscal year
** The sum of the net value of options exercised and held in the latest available fiscal year

Key Executives

Ivan G. Seidenberg, Lawrence T. Babbio, Jr., William P. Barr, Thomas A. Bartlett, David H. Benson, John W. Diercksen, Marc C. Reed, Dennis F. Strigl, Thomas J. Tauke, Doreen A. Toben

Board Members

Ivan G. Seidenberg, James R. Barker, Richard L. Carrión, Robert W. Lane, Sandra O. Moose, Joseph Neubauer, Thomas H. O'brien, Hugh B. Price, Walter V. Shipley, John R. Stafford, Robert D. Storey


Data provided by Capital IQ
Learn More