| VERIZON COMMUNICATIONS www.verizon.com | | Industry Group Code: 517110 | | | | Ranks within this company's industry group: | | Sales: 2 | Profits:2 |
| | | Local Services: | | Local Phone Service: | Y | | VOIP: | Y | | | | | | | | | | | | |
| | Long Distance: | | Long Distance Service: | Y | | Datanets/VPN: | Y | | | | | | | | | | | | |
| | Equipment, General: | | Software: | | | Information Systems: | | | Cellphones: | | | Specialty Equipment: | | | Telecom Equipment: | Y | | |
| | Wireless/Cell/PCS: | | Cellphone Service: | Y | | Wireless Other: | | | | | | | | | |
| | Services: | | Outsourcing: | | | Consulting: | | | Internet Service: | Y | | Payment Processing: | | | Specialty: | Y | | | |
| | Satellite: | | Satellite Carrier: | | | Satellite Equipment: | | | | | | | | | |
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| TYPES OF BUSINESS: | BRANDS/DIVISIONS/AFFILIATES | Local Telephone Service
Telecommunications Services
Wireless Services
Long-Distance Services
High-Speed Internet Access
Video-on-Demand Services
e-Commerce & Online Services
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| Verizon Wireless
Verizon Business
Verizon Telecom
Alltel Corporation
Rural Cellular Corporation
| | CONTACTS: Note: Officers with more than one job title may be intentionally listed here more than once. | Ivan G. Seidenberg, CEO
Dennis F. Strigl, COO
Dennis F. Strigl, Pres.
John F. Killian, CFO/Exec. VP
John G. Stratton, Chief Mktg. Officer/Exec. VP
Marc C. Reed, Exec. VP-Human Resources
Shaygan Kheradpir, CIO/Exec. VP
Richard J. Lynch, CTO/Exec. VP
Randal S. Milch, General Counsel/Exec. VP
John W. Diercksen, Exec. VP-Strategy, Dev. & Planning
Thomas J. Tauke, Exec. VP-Public Affairs, Policy & Comm.
Ronald H. Lataille, Sr. VP-Investor Rel.
Robert J. Barish, Controller/Sr. VP
Lowell C. McAdam, Exec. VP/Pres. & CEO-Verizon Wireless
Francis J. Shammo, Pres., Verizon Bus.
Marianne Drost, Sr. VP/Corp. Sec.
Catherine T. Webster, Sr. VP/Treas.
Ivan G. Seidenberg, Chmn.
| | Phone: 212-395-1000 | | Fax: 212-571-1897 | | Toll-Free: 800-621-9900 | Address: 140 West St., New York
NY 110007, US |
| | GROWTH PLANS/SPECIAL FEATURES | | Verizon Communications, Inc. and its subsidiaries form one of the world’s largest providers of communications services. It operates in two segments: wireline and domestic wireless. The wireline segment, operating in 150 countries, comprises two units: Verizon Telecom and Verizon Business. Verizon Telecom provides voice, video and data services to residential and small business customers in 28 states and Washington, D.C. It is organized in three marketing units: mass markets, offering services to residential and small businesses; wholesale, offerings long distance and local exchange network facilities for resale to interexchange carriers, competitive local exchange carriers, wireless carriers and Internet identification; and other, whose offerings include operator services, public telephone and dial around services. Verizon Business provides voice, data, Internet communications, next-generation Internet protocol (IP) networking and IT products and service to medium and large businesses and government customers, both domestically and internationally. It is organized in three units: enterprise business; wholesale; and international & other. The domestic wireless segment’s products and services include wireless voice, data products and other value added services and equipment sales across the U.S. The division includes Verizon Wireless, in which Verizon holds a 55% controlling interest, with Vodafone controlling the rest. Verizon Wireless operations encompass over 30 countries in the Americas, Europe and Asia Pacific. Verizon’s Internet growth strategy is centered on FiOS, delivering a choice of TV via IP, VoIP phone service and Internet access at speeds up to 50 Mbps. By October 2008, 2.2 million customers were subscribing to FiOS services. In August 2008, Verizon Wireless acquired Rural Cellular Corporation (operating as Unicel) for $2.66 billion. In January 2009, Verizon Wireless acquired Alltel Corporation from Atlantis Holdings LLC for $5.9 billion and $22.2 billion in debt acquisition. |
| FINANCIALS: Sales and profits are in thousands of dollars-add 000 to get the full amount. Yr. 2008 note: Fiscal 2008 results were not available for all companies at press time. For this company, yr. 2008 is for 12 months. | | 2008 Sales: | $97,354,000 | (12 months) | 2008 Profits: | $6,428,000 | (12 months) | | 2007 Sales: | $93,469,000 | | 2007 Profits: | $5,521,000 | | | 2006 Sales: | $88,144,000 | | 2006 Profits: | $6,197,000 | | | 2005 Sales: | $69,518,000 | | 2005 Profits: | $7,397,000 | | | 2004 Sales: | $65,751,000 | | 2004 Profits: | $7,831,000 | | Stock Ticker: VZ | Employees: 235,000 | Fiscal Year Ends: 12/31 |
| SALARIES/BENEFITS: | | Pension Plan: | ESOP Stock Plan: | Profit Sharing: | | Savings Plan: Y | Stock Purch. Plan: | | | | | | Top Exec. Salary: $2,100,000 | Bonus: $3,740,625 | | Second Exec. Salary: $1,319,231 | Bonus: $1,888,125 |
| OTHER THOUGHTS: | LOCATIONS: ('Y' = YES) | | Apparent Top Female Officers: 6 | W | SW | MW | SE | NE | INTER. | | Hot Spots for Advancement for Women/Minorities: Y | Y | Y | Y | Y | Y | Y |
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