August 2009
Verizon Fact Sheet
(All statistics are as of the end of the second quarter 2009 unless noted)
Who We Are
Verizon is a global leader in delivering innovation in communications, information and entertainment. We offer consumers, businesses and government voice, data and video services over superior wireless, broadband and global IP networks that meet customer demand for speed, mobility, security and control. Our skilled and dedicated employees do this by building great networks and using them to innovate and deliver the great products, services, applications and content that customers want. As we deliver the benefits of these advanced technologies, we grow our company and drive our industry forward, which in turn creates value for shareowners, customers and the communities we serve and makes Verizon a great place to work.
| Jump to: | Verizon Communications Inc. Wireless Enterprise/Mid-Market Business Residential/Small Business Verizon: A Good Corporate Citizen Fast Facts |
Verizon Communications Inc.
- Headquarters in New York City; Operations Center in Basking Ridge, N.J.
- Dow 30 company
- Most reliable wireless network, serving more than 89.0 million customers
- Enterprise and mid-market business customers include 98.9 percent of the Fortune 1000
- Global wholesale business serving CLEC, wireless, long-distance and other service providers
- Network serving residential and small business customers evolving to fiber-to-the-premises technology with FiOS high-speed fiber services
- More than 130 million customer connections (wireless, wireline, broadband and TV) served every day
Financial
- $97.4 billion in annual revenue (2008)
- Fortune 500 rank: 17 (2009)
- Reported diluted earnings per share: $2.26 (2008)
- Net cash provided by operating activities: $26.6 billion (2008)
- Capital investments: $17.2 billion (2008)
- Dividends paid: $5.0 billion (2008)
- Projected annual dividend per share: $1.90 (2009)
- Shareowners: 2.4 million
- Shares outstanding: 2.8 billion
- 230,000 employees
- $23 billion provided in annual compensation and benefits (2008)
- More than $3.6 billion in annual spending for health-care coverage for more than 800,000 employees, retirees and family members (2008)
- $1.5 billion in retiree health-care benefits (2008)
- Approximately 38 percent of employees are union-represented (2008)
- 36 percent of Verizon’s employees are minorities (2008)
- 39 percent of Verizon’s management team are minorities (2008)
Wireless
- $49.3 billion in revenue* (2008 - Prior to intracompany eliminations)
- Most wireless customers of any company, serving more than 89.0 million customers
- Largest and most reliable wireless voice and data network covering 289 million people
- Largest and most reliable 3-G broadband network, covering 284 million people
- 86,400 employees
- High customer loyalty based on low churn (customer turnover) rate: 1.49 percent in 3Q09
- Highest profitability and cost efficiency in industry
- More than 153 billion text messages exchanged in 3Q09
- Joint venture of Verizon (55 percent) and Vodafone Group Plc (45 percent)
Verizon Wireless: Key Products and Services
- Mobile Broadband for wireless Internet, e-mail and Intranet connections coast-to-coast on laptops, PDAs and handsets at broadband speeds
- Global e-mail for access from PDAs, smartphones and BlackBerrys in 180 destinations
- Global voice and texting in 220 destinations
- V CAST for music downloads, video clips, mobile TV and other multimedia services
- Portfolio of more than 35 feature phones and smartphones, including the BlackBerry Storm2, the newest touch-screen, multimedia BlackBerry smartphone.
- Strategic Partnership with Google to leverage the Verizon Wireless network and the best of the Android open platform to deliver leading-edge mobile applications, services and devices
Enterprise/Mid-Market Business
- $21.1 billion in revenue (2008 - Prior to intracompany eliminations)
- Serves 98.9 percent of the Fortune 1000 and businesses with 20 or more lines
- 321 offices across six continents, including operations in 75 countries
- Global IP network serves 2,700 cities in 159 countries
- Investment in more than 80 submarine cable systems worldwide
- Satellite facilities throughout continental U.S., plus Hawaii and Guam
- More than 200 state-of-the-art data centers in 22 countries
Verizon Business: Key Products and Services
- Global IP leader with one of the world’s most connected public Internet backbone networks
- Data networks with more than 485,000 global route miles
- Premier partner for delivering integrated communications, IT, security and networking solutions to businesses and government agencies globally
- Secure connectivity for today’s extended enterprises of widespread and mobile customers, partners, suppliers and employees
- Industry-leading managed services, unified communications and collaboration, mobility and professional services with unsurpassed reach
- First successful transmission of 40 Gbps and 100 Gbps; first Internet e-mail, first commercial ISP
- No.1 communications provider to the federal government
- Enterprise-class solutions, including managed network, security and IT for mid-market businesses
Residential/Small Business
- $29.9 billion in revenue (2008 - Prior to intracompany eliminations)
- 99.9 percent in network reliability
- Average of 1 billion calls connected per day
- Nation’s largest all-fiber network connected directly to customers
- Network serving residential and small-business customers evolving to fiber-to-the-premises technology with FiOS high-speed fiber services
Key Residential and Small Business Products and Services
- FiOS TV: 2.7 million customers
- More than 120 HDTV channels and up to 500 all-digital video and music channels available
- 18,000 total -- including 2,400 HD -- video-on-demand titles each month
- FiOS Internet Service: 3.3 million customers
- Speeds of up to 50 Mbps (megabits per second) downstream and 20 Mbps upstream
- 3.3 million FiOS Internet customers
- 14.5 million premises passed: 16 states and D.C.
- 9.2 million total broadband connections, including 6.0 million Verizon High Speed Internet (HSI) connections with speeds up to 7 Mbps in 21 states and D.C.
- FiOS “Triple Play”(Voice, Internet, TV) available to 10.9 million premises
- Products for small businesses include
- FiOS Internet and TV Service and HSI Service
- Data Services such as T1/T3, Frame Relay, and ISDN-PRI
Verizon: A Good Corporate Citizen
- More than $3.5 billion in goods and services purchased from minority-owned businesses (2008)
- $68 million given by the Verizon Foundation to nonprofit organizations (2008)
- 608,256 hours donated in volunteer service to nonprofit organizations by employees (2008)
- $12.7 million contributed or raised by employees through the Verizon Volunteers program (2008)
- 15,630 nonprofit organizations received time or money from employees (2008)
- $13.4 million in matching gifts to nonprofits (2008)
- More than 1.1 million no-longer-used phones collected by the Verizon Wireless HopeLine program to benefit victims of domestic violence (2008)
- No.1 in 2008 and 2006 and No.6 in 2007: DiversityInc’s “Top 50 Companies for Diversity”
- Working Mother magazine’s 2001 – 2008 lists for “100 Best Companies for Working Mothers” and 2006 - 2008 lists for “Best Companies for Multicultural Women”
Fast Facts
- One of the largest private fleets in U.S. with 53,000 motor vehicles (2008)
- 146 million square feet of real estate (2008)
- $144 billion in payroll, receivables, payables and remittance transactions processed annually (2008)
- $35 billion in annual procurements (2008)
- 15 percent: the increase in Verizon’s health-care costs during the past three years (2006 - 2008)
- 800,000 employees, retirees and family members served by Verizon Human Resources
