Verizon Wirless Division

Verizon leader in wireless technology

Verizon Communications Inc. is a provider of wireless and wireline communication services. Services provided include voice, network access, broadband data and video services, also local and global internet protocol networks. Verizon mainly operates in the US, but operates in over 150 other countries; headquarters is in New York City, New York. Verizon is a corporate component of the Dow Jones Industrial Average. As of December 31, 2021 it had employed around 183,400 people. Verizon Communications have won over ten company awards which include woman, humanitarian, military and single/working mothers. Verizon has to main components to its operation wireless and wireline.

Verizon wireless division is also made up of its partnership with Cellco. This joint venture of Verizon and Vodafone comprised of Verizon owning 55% of wireless operation and Vodafone owning the remaining 45%. Verizon wireless at the end of December 31, 2012 had accumulated 98.2 million customers. Wireless division services include equipment sales and wireless voice and data services. The equipment sold are via smart phones and basic phones which utilize the voice and data services. All of these features are sold to consumer, business and government customers. Verizon wireless has other connection related services which include machine-to-machine wireless connections. Healthcare, manufacturing and utilities are a main support of machine-to-machine. Verizon wireless network has engulfed a population over 290 million people as of December 31, 2012. Verizon wireless main technology is fourth gen (4G) and long term evolution (LTE).

Verizon wireline division connects consumers with communication products and services. These servic...

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...margin in 2009 it was 3.39%, in 2011 it dropped to 2.17% but like the other two categories in 2013 it jumped up to 9.54%. If the trend continues both operating profit margins and net profit margins should jump up substantially. By the year 2017 operating profit margins should be around 30 to 32%. Net profit margin should jump to around 11 to 13% producing overall company wealth. Gross profit margins I don’t foresee any accumulating growth or jumps in a five year span it went up four points. Compared to the other two categories that had a jump of around 50%, overall I do see substantial gains from Verizon being the leader in wired and wireless technology it only makes sense that their profit margins keep growing year after year. Substantial growth will stunt but the curve will still trend upwards even if it’s only marginal, marginal profit is still positive profit.