Verizon Company Paper

In: Business and Management

Submitted By Mrusconi
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Financial Outcomes for Verizon Communications

Financial Outcomes for Verizon Communications

Verizon communication is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, and government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, with 107.7 million total connections as of September 30, 2011. Verizon also provide converged communications, information and entertainment services over America’s most advanced fiber-optic network, and deliver integrated business solutions to customers around the world. A Dow 30 company, we employed a diverse workforce of approximately 195,400 as of September 30, 2011, and generated consolidated revenues of $82.4 billion for the nine months ended September 30, 2011(Verizon Communications, 2011). In 2011, chairman and CEO Ivan Seidenberg discussed in his annual report one financial initiative Verizon was working on in 2011. Mr. Seidenberg stated “We have a vision of the future based on expanding markets and mobility, broadband and video. We invest capital in network technologies that put us in the center of these growth markets,” (Seidenberg, 2010). In 2011, one initiative Verizon will be working on is to invest capital to expand in the mobile, broadband and video markets. Team A will compare and contrast the potential initiative Verizon has stated for 2011. Team A will also evaluate the information and make a determination of the most likely outcome. Verizon Communications is on the forefront of expansion when it comes to investing in new technologies. There is a strong commitment to invest capital to upgrade, maintain and expand their mobility, broadband and video infrastructure. “From 2006-2010 Verizon has invested more than $110 billion, more than any…...

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