Verizon Communications (VZ)

Based in New York, Verizon Communications, Inc., (VZ), was formed initially by the merger of Bell Atlantic and GTE Corp. It recently completed the merger of MCI Corporation, a leader in long distance and data networking. The consolidated company is presently the nation's second largest provider of communications services offering local phone service, long distance, wireless, and data services. The company's revenue is classified into two general segments -- Wireline (approximately 53% of total revenues in 2007) and Wireless (47%) -- for financial reporting. The Wireline segment (includes the operations of the former MCI) comprises two units, Verzion Telecom and Verizon Business. Verizon Telecom provides local telecommunications, broadband data and video services in 28 states and Washington, D.C., as well as nationwide long-distance and other communications products and services. Verizon Business provides next-generation IP network and Information Technology (IT) products and services to medium and large businesses and government customers. The Domestic Wireless (Verizon Wireless) segment offers wireless voice, data, and paging services and related equipment. Vodafone owns a 45% stake in Verizon Wireless.

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