Verizon (VZ) Company Description

Verizon Communications (VZ), headquartered in New York is the second largest telecom company in the US after AT&T. It was formed after the merger of GTE and Bell Atlantic in the year 2000. The company has a market cap of $143 billion and reported revenues of $115 billion in FY12. The company operates under two main segments; Wireless and Wireline. Wireless contributes around 67% to the company’s total revenues. The segment posted sales of $75 billion in FY12. The five-year annual growth rate for the segment is around 9%. Wireline contributes around 33% to the company’s total revenue. It posted sales of $40 billion in Fy12.

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