Verizon Wireless Company's Business Analysis

Verizon Wireless Communications is a wireless telecommunication company. It was formed in June of 2000 with the merger of Bell Atlantic Corporation and GTE Corporation. It is known as America’s first nationwide 3G wireless broadband network and serves more of the United States population than its competitors. Verizon operates two segments of business, Domestic Wireless: wireless voice, data services, plus equipment sales to United States customers and Wireline: voice, Internet access, broadband video and data, Internet protocol (IP) network services, network access, and long distance to the United States and 150 additional companies. Verizon Wireless was one of the first tier-one wireless companies to build and operate a 4G LTE network. The 4G LTE allows their customers access the internet and stream media quickly. According to Verizon’s Data Sheet, “Verizon is s global IP leader, operating one of the world’s most connected public internet backbone networks, delivering solutions that let customers securely connect, communicate and collaborate around globe” (Verizon, 2015). 4G LTE is the fastest and most efficient service available placing Verizon and AT&T in strong positions because their 4G LTE technology covers the two highest portions of the US population in the industry

Verizon is a major telecommunication provider in the United States. The company is the market leader, with $110 billion revenue and $2.4 billion in profit (MSN Moneycentral, 2012). Verizon has steady revenue streams that are largely based on a subscription model. It has several business segments, including wireless (63.3% of revenues) and wireline (36.7%) (2011 Verizon Annual Report). Most of this report will therefore focus on the wireless business, not only because this is the largest business that the company operates but because it is a rapidly growing and evolving business as well, a function of the rapid pace of smartphone adoption in America.

Verizon Communications is one of the largest international communications companies of providing communication, information and entertainment products and services to consumers, businesses and governmental agencies. If you wanted to look them up on NASDAQ or the NYSE, you can use the symbol VZ. Verizon comes from humble beginnings, starting with an invention in 1876 by Alexander Graham Bell, the telephone. They were the predecessor company to American Telephone and Telegraph Company, which formed with 7 original shareholders in 1885. Over time, the company became Bell Telephone Company, Bell Atlantic, then in 2000, the $25 billion dollar merger to Verizon Communications. Over the course of history from then

Verizon’s main issue is depending on key suppliers and vendors to provide equipment that we need. According the Veriozn.com, they are a charter member of the Billion Dollar Roundtable, a coalition of companies that spends more than $1 billion each year with diverse suppliers. The have requirements you must meet to become a supplier for them. A distinct supplier is a business that is 51% owned and functioned by a minority, woman, veteran, service-disabled veteran, LGBT or disabled person or persons certified by a Verizon-approved third party

Verizon wireless is a joint venture between U.S. based Verizon communication and U.K. multinational giant

Verizon was created on June 30, 2000 by Bell Atlantic Corp. and GTE Corp. and was based in New York City and Incorporated in Delaware (“Bell Atlantic and GTE Complete”, 2014). The mergers that formed Verizon were among the largest in the U.S. history. On July 3, 2000 Verizon began trading on the NYSE and begin trading under NADAQ on March 10, 2010. On April 3, 2000 the new brand of Verizon was launched which was the GTE wireless operations became a part of Verizon which then created the nation’s largest wireless company (“Bell Atlantic and GTE Complete”, 2014). In 2004 Verizon was added the Dow Jones Industrial average. Over the next few months Verizon then became the majority owner of Verizon Wireless with management and joint venture control. As years have passed, Verizon has still continued to flourish with its business and is also a leading provider of advanced communications and information

“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”

Verizon Communications formed by the merger of two big and successful companies, Atlantic Corp. and GTE Corp., is the largest telecommunication company. The company serves large part of the market in United States. However the company faces certain strengths and weaknesses which affect the way company formulate its strategies.

Verizon Communications INC. (NYSE, NASDAQ: VZ), is headquartered in New York. Verizon has two segments to which the company operates, Verizon Wireless and Wireline. The products offered through Verizon include wireless voice and data services, equipment sales, voice, internet access, broadband video and data (retrieved from http//www.reuters.com). The company provides services to the government, business, and consumer customers around the United States. A United States based Telecommunications Company that includes broadband, and is the leading telecommunications company in the industry. Verizon has grown through acquisitions and partnerships; however the company has also grown with the advancement of technology. Verizon also offers advanced fiber-optic network and integrated business solutions. At the end of

Verizon Wireless is the nation’s second largest wireless provider. With 67 million subscribers, Verizon trails the largest wireless provider, AT&T, by only 4 million subscribers. The business is a joint venture of Verizon Communications and Vodafone PLC, officially named Cellco Partnership, and operates as Verizon Wireless. Verizon Communications is the majority shareholder with a 55% share.

Verizon Communications, Inc. is based in New York City, incorporated in Delaware, and was formed on June 30, 2000. Verizon allowed for same sex partners of current employees in states where same sex marriage was legal, six months to finalize their marriage before they eliminate future benefits for their partner. They wanted to give an equal opportunity for lesbian, gay, bisexual, and transgender employees to receive benefits for their partners, like their straight co-workers. The policy that Verizon ended up using was that couples that are lesbian, gay, bisexual, and transgender would receive benefits for health insurance if they go through the legal marriage process in their respective state.

Verizon is focusing on the long-term development. An example of this is that the company

Competition between companies within the same industry can be daunting. Michael Porter is an economist who came up with what is known as Porter 's five forces model. The model, “Identifies and analyzes five competitive forces that shape every industry and helps determine an industries weaknesses and strengths" (Investopedia). The five forces are entry, power of input suppliers, power of

Porters five forces analysis looks at factors outside of an industry that influence the nature of competition within it, the way in which firms compete and the industry’s likely profitability conducted by the model.

Michael Porter 's Five-Force model, as described and illustrated in “Porter’s Five Forces: A Model for Industry Analysis (Article from QuickMBA.com)”, goes beyond the traditional industry competitive analysis that would just compare Rivals, both current and potential, to include Suppliers and Buyers and also Product or Service Substitutes. I have not yet read Porter’s “Competitive Strategy” (1980), but understand that it is the definitive work on the introduction of the Porter Five-Force model (1979) and describes how the model can be used as a tool to not only