Verizon Wireless
Essay by claudiapuentem • March 1, 2012 • 4,475 Words (18 Pages) • 2,673 Views
Verizon Communications Inc.
Financial Management Analysis
Table of Contents
Executive Summary 4
Mission Statement 5
Vision Statement 5
History 5
Business Summary 9
Financial 10
Employees 10
Products Offered 11
Wireless 11
Enterprise/Mid-Market Business 12
Key Enterprise Products and Services 12
Residential/ Small Business 13
Key Residential and Small Business Products and Services 13
Community Work 14
Fast Facts 15
Customers and Target Market 15
Financial Ratios
Balance Sheet
Balance Sheet Financial Analysis
Income Statement Analysis
Cash Flows Statement and Analysis
WACC Calculation
Financial Planning Forecast
Forecast Analysis
Forecasted Balance Sheet and Analysis
Forecasted Income Statement and Analysis
Conclusion
Executive Summary
Verizon Communications, Inc., with Headquarters in New York City; Operations Center in Basking Ridge, N.J. is a Dow 30 company and the most reliable wireless network with 106.3 million total connections. Verizon, a global leader in providing broadband and other wireless and wire line communications services to mass market, business, government and wholesale customers; operates nearly 143.7 million customer connections (wireless, wire line, broadband and TV) served every day. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world and network serving residential and small-business customers evolving to fiber-to-the-premises technology with FiOS high-speed fiber services.
Verizon employs a workforce of 195,900 and last year generated revenues of more than $106 billion. Enterprise/mid-market business customers include 96 percent of the Fortune 1000 and a global wholesale business serving CLEC, wireless, long-distance and other service providers.
Mission Statement
"As a leader in communications, Verizon's mission is to enable people and businesses to communicate with each other. We are also committed to providing full and open communication with our customers, employees and investors."
Vision Statement
"For our core goals, we decided on just one: To create the most respected brand in communications."
History
Verizon Communications Inc., based in New York City and incorporated in Delaware, was formed on June 30, 2000, with the merger of Bell Atlantic Corp. and GTE Corp. Verizon began trading on the New York Stock Exchange (NYSE) under the VZ symbol on Monday, July 3, 2000. It also began trading on the NASDAQ exchange under the same symbol on March 10, 2010.
The symbol was selected because it uses the two letters of the Verizon logo that graphically portray speed, while also echoing the genesis of the company name: veritas, the Latin word connoting certainty and reliability, and horizon, signifying forward-looking and visionary.
While Verizon is truly a 21st century company, the mergers that formed Verizon were many years in the making, involving companies with roots that can be traced to the beginnings of the telephone business in the late 19th century.
Government regulation largely shaped the evolution of the industry throughout most of the 20th century. Then, with the signing of the Telecommunications Act on Feb. 8, 1996, federal law directed a shift to more market-based policies. This promise of a new competitive marketplace was a driving force behind Verizon's formation.
The Bell Atlantic - GTE Merger
The mergers that formed Verizon were among the largest in U.S. business history, culminating in a definitive merger agreement, dated July 27, 1998, between Bell Atlantic, based in New York City, and GTE, which was in the process of moving its headquarters from Stamford, Conn., to Irving, Texas.
GTE and Bell Atlantic had each evolved and grown through years of mergers, acquisitions and divestitures. Each had proven track records in successfully integrating business operations.
Prior to the merger, GTE was one of the world's largest telecommunications companies, with 1999 revenues of more than $25 billion. GTE's National and International Operations served approximately 35 million access lines through subsidiaries in the United States, Canada and the Dominican Republic, and through affiliates in Canada, Puerto Rico and Venezuela. (Access lines are the individual landline connections from a customer's premises to the phone network.) GTE was a leading wireless operator in the United States, with more than 7.1 million wireless customers and the opportunity to serve 72.5 million potential wireless customers.
Bell Atlantic was even larger than GTE, with 1999 revenues of more than $33 billion. Its Domestic Telecom unit served 43 million access lines, including 22 million households and more than 2 million business customers. Its Global Wireless unit managed one of the world's largest and most successful wireless companies, with 7.7 million Bell Atlantic Mobile customers in the United States, and international wireless investments in Latin America, Europe and the Pacific Rim.
The Bell Atlantic - GTE transaction -- valued
...
...