Verizon Communications Inc., through its subsidiaries, provides communications, information, and entertainment products and services to consumers, businesses, and governmental agencies. Segments The company operates in two segments, Wireless and Wireline. Wireless segment This segment’s communications products and services include wireless voice and data services and equipment sales, which are provided to consumer, business and government customers across the United States (U.S.). This segment, doing business as Verizon Wireless, provides wireless communications services across wireless networks in the U.S. As of December 31, 2015, Verizon Wireless had 112.1 million retail connections. The company has fourth-generation (4G) Long-Term Evolution (LTE) technology and third-generation (3G) Evolution - Data Optimized (EV-DO) networks of any U.S. wireless service provider. Its 4G LTE network is available to approximately 98% of the U.S. population in 500 markets covering approximately 312 million people, including those in areas served by its LTE in Rural America partners. Under this program, the company is working with wireless carriers in rural areas to collaboratively build and operate a 4G LTE network using each carrier’s network assets and its core 4G LTE equipment and 700 MHz C Block and Advanced Wireless Services (AWS) spectrum. The company is focusing its wireless capital spending on adding capacity and density to its 4G LTE network. Wireless Service and Product Offerings The company’s wireless services are available to its customers receiving service under the Verizon Wireless brand. In addition, customers can obtain wireless products and services that operate on its network from resellers that purchase network access from it on a wholesale basis. Wireless Services The company offers its wireless services on a postpaid and prepaid basis. Retail (non-wholesale) postpaid accounts primarily represent retail customers with Verizon Wireless that are directly served and managed by Verizon Wireless and use its branded services. A single account may include monthly wireless services for various connected devices. A postpaid retail connection represents an individual line of service for a wireless device for which a customer is billed in advance a monthly access charge in return for a monthly network service allowance, and usage beyond the allowance is billed in arrears. The company offers various postpaid account service plans, including shared data plans, single connection plans and plans tailored to the needs of its business customers. The company’s shared data plans feature domestic unlimited voice minutes, unlimited domestic and international text, video and picture messaging, cloud storage and a single data allowance that can be shared among approximately 10 devices on a customer’s account. For an additional monthly access fee, its customers have the option of sharing long distance and roaming minutes among their devices for calls from the United States to, and calls while within, Canada and Mexico. Shared data plans also include its Mobile Hotspot service at no additional charge. This service enables a customer to activate a personal Wi-Fi hotspot through their smartphone that can provide Internet access to multiple Wi-Fi enabled devices. The company also offers various voice and shared data plans for small and large businesses. Under the Verizon device payment program, the company’s eligible wireless customers purchase phones or tablets at unsubsidized prices on an installment basis (a device installment plan). Customers that activate service on devices purchased under the device payment program or on a compatible device that they already own pay lower service fees (unsubsidized service pricing) as compared to those under its fixed-term service plans. In August 2015, the company launched a simplified shared data plan, the Verizon Plan that offers customers various sizes of data packages that can be shared among up to 10 devices on a customer’s account. The company offers its customers various wireless services accessible on a range of its devices. The company’s messaging service
verizon communications inc
(VZ:New York Consolidated)
1095 Avenue of the Americas
New York, NY 10036
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