Swot Analysis Of Verizon

Company Profile

Verizon Communications Inc. is an innovative wireless communications company that connects people and businesses with the most advanced wireless technology and service available. The company launched the nation’s first 3G wireless broadband network. It is also the first tier-one wireless provider in the nation to build and operate a 4G LTE network. With 4G LTE, customers can access the Internet and stream media faster than ever and experience their mobile world in real-time. As the nation’s largest wireless company, Verizon serves 100.1 million retail connections and operates more than 1,900 retail locations in the United States. Globally, the company offers voice and data services in more than 200 destinations. The Company provides these products and services to consumers in the United States, as well as to carriers, businesses and government customers both in the United States and in over 150 other countries worldwide. Founded in 2000 as a joint venture of Verizon Communications Inc. (NYSE, NASDAQ:VZ) and Vodafone (NASDAQ, LSE: VOD), Verizon Wireless is headquartered in Basking Ridge, N.J.

Verizon Communications Inc. operates in two primary segments: Verizon Wireless and Wireline. Verizon Wireless’ communications products and services include wireless voice and data services and equipment sales, which are provided to consumer, business and government customers across the United States. Wireline’s communications products and services include voice, Internet access, broadband video and data, Internet protocol network services, network access, long distance and other services.

Verizon’s Verizon Wireless segment, primarily consists of Cellco Partnership doing business as Verizon ...

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... industry was hurt by the recession in 2008 and 2009, key players such as Verizon have maintained focus on pursuing new growth opportunities to transform their businesses. Future industry growth will be driven in particular by demand for broadband data, wireless and enterprise services. In the U.S., this growth is dependent on developments in several areas: increased customer demand, successful industry consolidation and continued improved regulation. The pace of demand will play a large role in telecommunications growth. Rapid advances in technology, made possible by global IP, fiber and wireless broadband investment and deployment, continue to transform the nature of the industry and add functionality for customers. Verizon, with its robust wire-line and wireless asset base, is well positioned to retain its status as a global leader in communications services.