Verizon Communications Inc.
News and overview for Verizon Communications Inc.
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Company Overview
| Company: | Verizon Communications Inc. |
|---|---|
| Industry: | Wireless Network Operators |
| Website: | http://www.verizon.com |
The second largest US telecommunications services provider (after AT&T) has taken the top spot in wireless services (ahead of AT&T Mobility ). The company's wireline business provides local telephone, long-distance, and Internet access services to residential and business customers in 24 states and Washington, DC. It has about 40 million voice access lines in operation and serves about 8 million broadband Internet customers. Verizon Wireless (known legally as Cellco Partnership), the company's joint venture with Vodafone Group, serves more than 80 million customers. Verizon Business provides communications and information technology (IT) services to business and government clients in the US and abroad.
Key Numbers
| Sales in U.S. Dollars (mil.) | 97,354 (2008) |
|---|---|
| One-year % Growth in Sales | 4.2 (2008) |
| Net Income in U.S. Dollars (mil.) | 6,428 (2008) |
| One-year % Growth in Net Income | 13.7 (2008) |
| Number of Employees | 223,900 (2008) |
| One-year % Growth in Number of Employees | -4.7 (2008) |
| Fiscal Year-End | December |