Verizon
communication or Verizon is basically a local American broadband telecommunication
company, which recently is operating at least 63 million telephone lines in 40
states of America. This makes it the largest telephone company of United
States. The company was founded in June 2000, and it soon gained ground and
became the largest telephone company of the country. Not only has this but the
company also inherited more than 25 million mobile phone customers, which again
is a big achievement of the company in a very short period of time. When the
name of the company was selected as Verizon, it invested a huge amount of $300
million only on marketing of its new brand.
Verizon was first founded as Bell Atlantic, which
later on converted to Verizon. However, the company has also released its
wireless phones branch which is known as Verizon Wireless, which is in constant
competition with British based telecommunication company Vodafone but still
Verizon Wireless is the leading company with 55 percent of the venture. Verizon
wireless has provided access to partner sites to its customers like Amazon.com,
ABC news, ESPN, MSN, Ticketmaster, and E-Trade.
The revenue generated by the company in 2013 was equal
to $120.550 billion, its net income was $23.547 and total assets were $274.098.
The stock graph of Verizon can be seen increasing continuously, whereas, Verizon
today’s stock price varies from $47.26 to $47.36. The stock symbol of Verizon is
VZ and it trades under NYSE. According to some VZ stock news analysis it can be
stated that its graph will further increase in future.
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