Verizon Communication Inc - Essay Example

College: Verizon communications Inc is an American telecommunication company and also a constituent of the DOW 30.It was formed in the year 2000 when Bell Atlantic Company merged with GTE.It had been founded in 1983 as Bell Atlantic Corporation which later took over seven Bell operating companies from American Telephone and Telegraph Company following its break up. After the GTE and BELL Atlantic Merger it changed the name to Verizon communications INC with effect form June 30, 2000 having an exchange ratio of 1.

22 shares of Verizon for each GTE share. It then began trading on the NYSE under its new symbol on July 2000. (Plunkett 67). On Feb 2005, Verizon approved to acquire MCI Company. The acquisition was to benefit it in terms of economics of scale and access to a wider base of customers. By the year 2006, MCI was already integrated into Verizon thus adopting the name verizon business. It then became the largest telecommunication company in the U.S In terms of its sales i.e. 75.11 billion; assets added up to 168.

13 US dollars and the company had a profit of 9.4 billion US dollars. Later with the mergers of Bell South and AT and TINC, It became the largest telecommunications company based on its profits and assets in the world. (Plunkett 68) The company principarily operates in the US with its headquarters in New York. It offers wireless and wireline services such as voice, network access, data services, broadband video and global internet protocol networks.Verizon communications Inc Operates in more than 150 nations worldwide.

Verizon voice messaging services is offered for both businesses and residences.Verizon’s Cell co partnership operates the second largest wireless telecomm network in the US In terms of the number of subscribers and revenue. It is also one of the major US carriers to utilize the CDMA technology and uses 8 billion US dollar annually in its maintenance and expansion. It offers both voice and 3G data services for example, text and picture messaging, over the air downloadable applications and wireless broadband based on EV-DO Rev A.

It also carries various mobile services and phones eg LG, Motorola and Samsung. (Lutz 138)Verizon’s video services was launched in September , 2005 and uses optical fibre network to distribute more than 330 channels, 180 digital videos and music channels and 1800 video on demand titles. DSL internet services are offered to the same areas where phone services are provided. It is known to have the largest number of spammers of all networks globaly.Verizon’s yellow pages business is known as superpages and it’s a Texas based sales and publishing and other related services.

It has 1200 directory titles and a 121 million copies circulation in 41 states and the website has about 17 billion visitors per month.Superpages is linked up with Google in order to provide search advertising services for its numerous listed businesses.(Plunkett 137)Some of the factors that could significantly affect the company’s operations and its expected results include: general economic cnd construction business conditions, relationship with key customers, materials and maintaining cost; technological developments; increased competition, government and business conditions in countries of operation; changes in the company strategies objectives or intentions’ financial conditions of customers, suppliers and also risks and uncertainties indicated in the company’s filings with the US securities and exchange commission.(Blaug 55) The trading economic works through looking at different currencies and what is happening to their exchange rates and then choosing which currency to invest in.

For example one may buy at a lower rate then sell it later when its exchange rate appreciates. It is therefore possible to trade a currency back and forth various times daily or weekly dependency on the market. One needs to look at the exchange rate over a notable period of time taking into consideration the economic situation of the country. This enables one to note how each of the economic factors affect the currency .This also applies for the opposing country .One is therefore able to evaluate the stability of thecurrency.

The forex market calls for substantial research about the countries and their economic conditions that would affect the value of the currency in question.(Lutz 122)Cited worksBlaug, M Who’s who in economics: Edward Elga Publishing, 2003 ISBN 84064992Wicke, Lutz .A new global climate certificate system: Continuing: Springer , 2004 ISBN 540224823Plunkett, Jack.Plunkett’s entertainments media industry.Almana Plunket research Ltd.ISBN 1593920512Plunkett, Jack .Plunkett’s retail Almanac Plunket research Ltd.

ISBN 1593921012