Last $46.64 USD
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Company Description

Contact Info

140 West Street

New York, NY 10007

United States

Phone: 212-395-1000


Verizon Communications Inc., through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses, and governmental agencies. Segments The company's business includes two segments, Wireless and Wireline. Wireless The Wireless segment is primarily comprised of Cellco Partnership doing business as Verizon Wireless. Cellco Partnership is a joint venture formed by the combination of the U.S. wireless operations and interests of the company and Vodafone Group Plc (Vodafone). As of December 31, 2013, the company owned a controlling 55% interest in Verizon Wireless and Vodafone owned the remaining 45%. Verizon Wireless provides wireless communication services across the wireless networks in the United States and has the 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. As of December 31, 2013, Verizon Wireless had 102.8 million retail connections. 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 the company on a wholesale basis. Wireless Services The company offers its wireless services on a postpaid and prepaid basis. Retail (non-wholesale) postpaid accounts represent retail customers under contract with Verizon Wireless that are directly served and managed by Verizon Wireless and use its branded services. The company’s postpaid account plans include More Everything plans, single connection plans, plans modified to the needs of its corporate customers, as well as legacy single connection plans and family plans that the company no longer offer to new accounts. The company’s prepaid service enables individuals to obtain wireless services without a long-term contract or credit verification by paying for all services in advance. The company’s wireless plans offer various packages of services that allow customers, regardless of the device, to select the plan that best matches their network usage patterns. In February 2014, the company introduced its More Everything plans which replaced its Share Everything plans and provide more value to its customers. These plans, which are available to both new and existing postpaid customers, 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 up to 10 devices connected to the Verizon Wireless network. Customers with Verizon Edge, which provides a device payment plan option, also would receive discounted monthly access fees on More Everything plans. The More Everything plans also include the Mobile Hotspot service on its smartphones at no additional charge. The company offers a variety of wireless services, including Internet access, via its range of devices. The company’s customers can access the Internet on all of its smartphones, as well as its basic phones that include HTML Web-browsing capability. The company also offers service that enables its customers to access the Internet wirelessly at broadband speeds on notebook computers and tablets that either have embedded 4G LTE or 3G EV-DO modules, or that are used in conjunction with separate devices that enable access to this service, such as smartphones and USB modems, as well as Jetpacks and other dedicated devices that provide a mobile Wi-Fi connection. In addition, the company offers messaging services, which enable its customers to send and receive text, picture and video messages. The company’s customers can access multimedia offerings, mostly provided by third parties, consisting of applications providing music, video, gaming, news and other content, while its business-focused offerings, which are designed to increase productivity, include solutions that enable customers to access the Internet and their corporate intranets, as well as products that enab


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Valuation VZ Industry Range
Price/Earnings 19.2x
Price/Sales 1.5x
Price/Book 15.7x
Price/Cash Flow 7.4x
TEV/Sales 0.5x

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