Verizon Communications, Inc.

Verizon Communications, Inc.

Verizon Communications, Inc.

Overview
Date Founded

1983

Headquarters

1095 Avenue of the Americas,New York, NY 10036

Type of Company

Public

Employees (Worldwide)

155K

Industries

IT Consulting & Services
Wireless Telecommunications
Computer Software

Company Description

Verizon Communications, Inc. is a holding company, which engages in the provision wireless communications products and services. It operates through Wireless, and Wireline segments. The Wireless segment provides wireless voice and data services and equipment sales, which are provided to consumer, business, and government customers. The Wireline segment offers broadband video and data; corporate networking solutions; data center and cloud services; security and managed network services; and local and long distance voice services. The company was founded on June 30, 2000 and is headquartered in New York, NY.

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Executives & Employees

Chief Executive Officer & Executive Chairman of the Board

Executive Director, Media Relations

Executive Director, External Communications

Executive Director, Alternative Investments-Verizon Pension/Benefits

Executive Vice President & Chief Financial Officer

Executive Vice President, Public Policy & General Counsel

Senior Vice President, Deputy General Counsel & Corporate Secretary

Executive Vice President & Chief Marketing Officer

Chief Technology Officer

Executive Vice President & Chief Strategy Officer

Board of Directors

President & Chief Executive Officer at PayPal Holdings, Inc.

Chief Executive Officer at Aetna Life Insurance Co.

Partner at Deloitte LLP

Fund Advisor at Massachusetts Financial Services Company

Executive Chairman at Popular, Inc.

Speaker & Mentor at NewMe Accelerator

Founding Member at Cincinnati Women’s Executive Forum

Partner at Squire Patton Boggs LLP

Former Executive Vice President-Chemicals at Royal Dutch Shell Plc

Chief Executive Officer & Executive Chairman of the Board at Verizon Communications, Inc.

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Owners & Shareholders
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The Vanguard Group is an American investment management company based in Malvern, Pennsylvania, that manages approximately $3.4 trillion[1] in assets. It is the largest provider of mutual funds and now the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock, with about $451 billion in ETF assets under management, as of March 2015.[3] It offers mutual funds and other financial products and services to retail and institutional investors in the United States and abroad. Founder and former chairman John C. Bogle is credited with the creation of the first index fund available to individual investors,[4] the popularization of index funds generally,[5] and driving costs down across the mutual fund industry.

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SSgA FM's methods of analysis include quantitative, fundamental, technical, cyclical, indexing, arbitrage, charting and other strategy specific methods. They offer a broad range of strategies including: Active, Enhanced, and Passive Equity; Active & Passive Debt; Cash Management; Multi-Asset Class Solutions; Real Estate (including Direct Real Estate); Senior Loans; Managed Futures; and Private Equity. Active equity strategies include enhanced equity and active quantitative strategies. The strategies cover market-cap and style segments of the market including: large-cap core, large-cap growth, large-cap value, mid-cap, small-cap, small-cap value, all-cap, and long-short equity. They also manage long-short and long-short market neutral strategies. SSgA FM's Active & Passive Debt strategies offers a range of investment styles from passive to active, short to long duration, tax-exempt, sovereign to high yield, and single country to global. The firm's Cash Management strategies seek to generate current income while preserving capital and liquidity by investing in diversified portfolios of short-term securities. SSgA FM's Multi-Asset Class strategies employ an asset allocation model as means of diversification and seek to position assets among major investment categories. Their Multi Asset Class Solutions strategies employ an asset allocation model as a method of diversification that aims to position assets among major investment categories. SSgA FM's Managed Futures strategy allocates assets using two approaches: a managed futures strategy and a fixed income strategy. The firm's Private Equity strategies focus on rigorous partner selection, thorough evaluation of quality investment opportunities, and fundamental, research-driven research.

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Capital World Global Investors (CWGI) is the investment adviser to the American Funds Group, a family of 30 funds marketed to individuals exclusively through financial advisers and other intermediaries. American Funds are also used as investment vehicles for 401ks, other retirement plans, variable annuities and 529 college savings plans. The funds have the following characteristics: (1) a long-term, value-oriented approach (2) long-established, global research (3) a multiple portfolio counselor system that combines teamwork with individual accountability (4) experienced, long-tenured investment professionals and (5) a commitment to low operating expenses, among the lowest in the fund industry.^CWGI uses a Multiple Portfolio Counselor System. The assets of each fund are divided into smaller, more manageable portions. Each portion is managed by a portfolio counselor who operates autonomously, investing his or her portion as though it were an entire fund (subject to fund objectives and overall guidelines). Research analysts typically manage a segment as well (usually about 20% of the fund's assets), bringing their expertise directly to bear on the fund's results. Portfolio counselors are free to make their own decisions. As a fund's assets grow, new counselors can be added.^Investment decisions are based on internal research. Equity research is comprehensive and bottom-up while at the same time constantly monitoring broader economic, political, currency and interest rate trends. Investment research is proprietary and used solely by CWGI portfolio managers.

Recent Transactions
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Verizon Communications, Inc. purchases Vidder, Inc. from Voyager Capital LLC, Presidio Ventures, Inc., ONSET Ventures, Envision Ventures Management LLC

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SmugMug, Inc. purchases Ludicorp Research & Development Ltd. from Verizon Communications, Inc.

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Verizon Communications, Inc. purchases Moment Design, Inc.

Insider Transactions
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Transaction Advisors
Accountant

Advised onVerizon Communications, Inc. purchases MCI, Inc. from Teléfonos de México SAB de CV

Legal Advisor

Advised onFrontier Communications Corp. purchases Verizon Communications, Inc. /14 US States Wireless Bus from Verizon Communications, Inc.

Legal Advisor

Advised onVerizon Communications, Inc. purchases AOL, Inc.

Legal Advisor

Advised onFrontier Communications Corp. purchases Verizon Communications, Inc. /14 US States Wireless Bus from Verizon Communications, Inc.

Legal Advisor

Advised onFrontier Communications Corp. purchases Verizon Communications, Inc. /14 US States Wireless Bus from Verizon Communications, Inc.

Legal Advisor

Advised onFrontier Communications Corp. purchases Verizon Communications, Inc. /14 US States Wireless Bus from Verizon Communications, Inc.

Advisors & Consultants
Legal Advisor

Second Vice President-Trustees Board at Greenwich Library

Legal Advisor

Partner at Winston & Strawn LLP

Legal Advisor

Partner at Jones Day

Clients

Marriott International, Inc. is a diversified global lodging company, which engages in the operation and franchise of hotels, corporate housing properties, and timeshare properties. It operates through the following business segments: North American Full-Service; North American Limited-Service; and International. The North American Full-Service segment includes The Ritz-Carlton, EDITION, JW Marriott, Autograph Collection Hotels, Renaissance Hotels, Marriott Hotels, and Gaylord Hotels. The North American Limited-Service segment comprises of AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, Fairfield Inn & Suites, and TownePlace Suites properties. The International segment involves The Ritz-Carlton, Bulgari Hotels & Resorts, EDITION, JW Marriott, Autograph Collection Hotels, Renaissance Hotels, Marriott Hotels, Marriott Executive Apartments, AC Hotels by Marriott, Courtyard, Residence Inn, SpringHill Suites, Fairfield Inn & Suites, TownePlace Suites, Protea Hotels, and Moxy Hotels. The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

Twitter, Inc. is a global platform for public self-expression and conversation in real time. It provides a network that connects users to people, information, ideas, opinions, and news. The company's services include live commentary, live connections and live conversations. Its application provides social networking services and micro-blogging services through mobile devices and the Internet. The company can also be used as a marketing tool for businesses. Twitter was founded by Jack Dorsey, Christopher Isaac Stone, Noah E. Glass, Jeremy LaTrasse, and Evan Williams on March 21, 2006 and is headquartered in San Francisco, CA.

Fossil is a global retailer specializing in the design, innovation, and marketing of fashion lifestyle and accessory products. At the heart of the Company’s vision is a commitment to fostering creativity and delivering the best in design through its two core businesses: Fossil brand; and a multi-brand watch business. The Fossil brand is rooted in authenticity and a distinctive vintage-inspired design aesthetic. With over 390 stores worldwide and a strong global e-commerce business, the brand is internationally known for its eclectic assortment of lifestyle and accessory items including watches, handbags, and clothing. The Company also creates fashion accessories for a number of other owned and licensed brands including MICHELE, Zodiac, Relic, Emporio Armani, DKNY, Armani Exchange, Michael Kors, Diesel, Burberry, Marc by Marc Jacobs, Adidas, Skagen Denmark, and Karl Lagerfeld. The Company is constantly developing its multi-brand portfolio through its core competencies in innovative branding, world-class design, and dynamic global distribution. Highlights Fossil’s diverse portfolio of world-class brands gives it a unique position in the global marketplace. Each core business yields high-margin profits, in addition to a growing and profitable retail segment. We at Fossil are actively committed to our brands, core values, and community. Our strategically-varied channels of distribution of aspiration lifestyle brands coupled with a strong balance sheet have contributed to our global success for over 25 years and provide significant opportunities for future growth. The Business Fossil is comprised of two core businesses: the Fossil brand, and a multi-brand watch business. We believe that the sustainable growth and success of the Company lies in this diversified business model, strengthened by the worldwide appeal of each of the constituent lifestyle brands. Brand Building We build world-class brands. Supported by the best talent in the industry, we specialize in developing the distinct design DNA that defines each brand. We then utilize our world-class global distribution network to bring our collections to life, strategically merchandising these curated product stories to further reinforce the unique strengths of each business

Key Stats and Financials As of 2017
Market Capitalization
$233B
Total Enterprise Value
$333B
Earnings Per Share
$7.36
Revenue
$126B
Enterprise Value Sales
2.64x
TEVNet Income
11.06x
Debt TEV
0.35x
Total Debt
$117B
Total Equity
$44.7B
Net Profit
$30.1B
EBITDAMargin
34.49%
Enterprise Value EBITDAOperating
7.66x
EBITDA
$43.5B
Three Year Compounded Annual Growth Rate Of Revenue
-0.27%
Five Year Compounded Annual Growth Rate Of Revenue
1.7%
Non-Profit Donations & Grants
Political Donations
$10K - $20K
2015
$100
2014
$500
2014
Investments
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Docady Israel Ltd. develops a mobile application that provides a cloud-based platform, which organizes and manages user's essential information, materials and documents. The company was founded in 2014 by Nadav Naaman and Nadav Weizmann and is headquartered in Tel Aviv, Israel.

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Doosan Fuel Cell America, Inc. manufactures fuel cell power products. It provides clean, efficient and secure energy solutions that scale to multiple megawatts. The company was founded in 2003 and is headquartered in Sunnyvale, CA.

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ThumbPlay, Inc. provides mobile software solutions. The firm gives consumers access to catalog in the industry, spanning audio, video, and gaming content from the music labels and artists, game publishers, and media companies. It allows users to discover, manage, store, and share mobile content online and on its wireless devices. The company was founded by Are H. Traasdahl and and Evan Schwartz in September 2004 and is headquartered in New York, NY.

Investors
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Chief Executive Officer at Armored Things, Inc.

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Senior Vice President, Partnerships at BitSight Technologies, Inc.

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Fund Manager at Cintrifuse

Suppliers
Apple, Inc. Other Manufacturing | Cupertino, CA

Apple, Inc. engages in the design, manufacture, and marketing of mobile communication, media devices, personal computers, and portable digital music players. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.

LG Electronics, Inc. Appliances & Electronics | Seoul, SL

LG Electronics, Inc. engages in the manufacturing of display devices, home appliances, multimedia goods, electronic parts and develops software. It operates through the following business areas: Home Entertainment, Mobile Communications, Home Appliance, Air-Conditioning, Energy Solution and Independent business area. The Home Entertainment business area provides products such as televisions, monitors, personal computers for IT, Car Infotainment and produces Chemical and Electronic Materials. The Mobile Communications business area offers products such as handsets and tablets. The Home Appliance business area provides products such as refrigerators, washing machines, cooking and cleaning and health care appliances. The Air Conditioning and Energy Solution business area manufactures products such as Light Emitting Diode (LED) lightings, residential and system air conditioners. The Independent business area provides products such as compressors, storage devices, PC, telematics and solar cells. The company was founded by In-Hwoi Koo on Oct 1, 1958 and is headquartered in Seoul, South Korea.

Nokia Corporation Internet Software & Services | Espoo, UU

Nokia Oyj provides network infrastructure, technology and software services. It operates through the following segments: Ultra Broadband Networks, IP Networks & Applications and Nokia Technologies. The Ultra Broadband Networks segment comprises mobile networks and fixed networks. The IP Networks and Applications segment comprising IP/Optical networks and applications & analytics. The Nokia Technologies segment focuses on advanced technology development and licensing. The company was founded in 1865 and is headquartered in Espoo, Finland.

Competitors
AT&T, Inc. Computer Software - Dallas, TX

AT&T, Inc. is a holding company, which engages in the provision of telecommunications and digital entertainment services. It operates through the following business segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment provides advanced IP-based services including Virtual Private Networks (VPN); Ethernet-related products; FlexWare, a service that relies on Software Defined Networking (SDN) and Network Functions Virtualization (NFV) to provide application-based routing, and broadband, collectively referred to as strategic services, as well as traditional data and voice products. We utilize our wireless and wired networks to provide a complete communications solution to our business customers. The Entertainment Group segment offers video, internet, voice communication, and interactive and targeted advertising services to customers located in the United States. The Consumer Mobility segment provides nationwide wireless service to consumers, and wholesale and resale subscribers located in the United States. The International segment provides entertainment services in Latin America and wireless services in Mexico. The company was founded in 1983 and is headquartered in Dallas, TX.

T-Mobile US, Inc. Wireless Telecommunications - Bellevue , WA

T-Mobile US, Inc. engages in the provision of wireless communications services under the T-Mobile and MetroPCS brands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company was founded in 2004 and is headquartered in Bellevue, WA.

Alphabet, Inc. Computer Software - Mountain View, California

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube. The Other Bets segment includes businesses such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Awards & Honors
Rank #13
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #13
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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