CLASS REPORTON

FORTUNE 5OO LIST

VERIZON COMMUNICATION (Rank 16th)

Prepared By-Nishit Upadhyay

EN.NO-30

SUBMITTED TO-Mr.Snehal Bhatt

Name-Verizon Communication Inc.

Rank: 16

Rank in 2012:15

Rank in 2011:16

CEO: Lowell C. McAdam

Headquarters-140 West St. New York NY 10007

Headquarters in India-Olympia Technology ParkPlot No. 1, SIDCO Industrial EstateGuindy, Chennai - 600 032India

Parent Company- Bell Atlantic & GTE (Previously a part of AT&T)

Sector- Telecommunication

Employees-188,200(2012)

Tagline/ Slogan- Rule the Air; America’s Largest and Most Reliable Network

Segment- Mobile phone users and businesses

Positioning- Excellent network and IP infrastructure

Verizon Communications Inc. (Verizon), incorporated on October 7, 1983, is a holding company. The Company is a provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies. It operates in two primary segments: Verizon Wireless and Wireline. Verizon Wireless’ communications products and services include wireless voice and data services and equipment sales, which are provided to consumer, business and government customers across the United States. Wireline’s communications products and services include voice, Internet access, broadband video and data, Internet protocol network services, network access, long distance and other services. The Company provides these products and services to consumers in the United States, as well as to carriers, businesses and government customers both in the United States and in over 150 other countries worldwide.

PRODUCT AND SERVICES

Fixed-line Voice

Fixed-line data

Fixed-line Television

Wireless Voice & Data

Business services

Directory operations

LATEST PRODUCTS AND SERVICES

Verizon has started providing 4G LTE service, it covers over 95% of US Population.

LTE is initialism of Long term Evolution,marketed as 4G LTE ,is a standard for wireless communication of high speed data for smsrtphones, it is based on GSM/CDMA and UMTS/HSPA/HSDPA network technologies.

Verizon has also launched Smartphones, tablets, and even more 4G LTE Devices with Motorola(including Droid Series) and Apple smartphones, HTC One Verizon, HTC Windows phone 8x,Samsung Galaxy S4 Verizon.

SWOT ANALYSIS

Strength1.Strong reputation of network coverage with 100 million plus wireless subscribers2. 4G Network capabilities3. Brand Recognition & Global Goodwill4. Largest wireless carrier in US5. Provides services like Fixed-line and mobile telephony, broadband and fixed-line internet services, digital television and network services6. Over 190,000 employees Weakness1.Higher prices when compared to other players2. Presence limited to primarily Americas and not a major player like a few other established telecom operators

Opportunity1.Expansion of audio conferencing access2. VOIP business and its growth3. VOIP business and its growth

Threats 1..intence completion competition in the saturated US market 2. FCC regulations 3. Cannibalization due to VOIP and wireless offering

BOARD OF DIRECTORS

Lowell C. McAdam, Chairman, President & Chief Executive OfficerDonald T. Nicolaisen, Independent DirectorKathryn A. Tesija, Independent DirectorClarence Otis, Independent DirectorHugh B. Price, Independent DirectorGregory D. Wasson, Independent DirectorSandra O. Moose, Independent DirectorSandra O. Moose, Independent DirectorMartha Frances Keeth, Independent DirectorJoseph L. Neubauer, Independent DirectorMelanie Liddle Healey, Independent Director

CORPORATE SOCIAL RESPONSIBILITY

Verizon is committed to putting its customers first by providing excellent service and great communications experiences. To keep that commitment, the company emphasizes four core values: integrity, respect, performance excellence and accountability.

Verizon's networks help address many pressing social issues. For example, Verizon's ultra-fast broadband can help reduce energy consumption, and reduce medical errors while driving down costs in the health care system by facilitating an interoperable system of electronic records.

The company's technology also assists people with disabilities, the largest minority in America.  Nearly 20 years ago, Verizon became the first telecommunications company to adopt a set of Universal Design Principles, which are now an integral part of the product design process throughout the company and have led to a number of products and services offerings such as:

Products with Braille.

Phones with large buttons, and buttons with photos to help those with cognitive difficulties.

Phones operated by remote control for people with physical disabilities. Expanded videophone services to reach more hearing-impaired customers in

the New England, New York and Potomac regions.

Verizon is: The premier broadband Internet company in the United States A leading global communications provider An innovative, high-tech leader A top performer financially and operationally A model of engaged and aligned leadership A responsible corporate citizen

Key financials $ millions Revenues 115,846 Profits 875 Assets 225,222

Average Growth Rates, Past Five Years Ending 12/31/2012 (Fiscal Year)

Revenue 3.80% Net Income (17.28%) Earnings Per Share (17.29%) Capital Spending 3.33% Gross Margin 59.96% Cash Flow 25.95%

COMPETITORS

1.AT&T(11th rank)AT&T Inc. is an American multinational telecommunications corporation

headquartered in Whitacre Tower, downtown Dallas, Texas.AT&T is the largest provider both of mobile telephony and of fixed telephony

in the United States, and also provides broadband subscription television services. AT&T is the third-largest company in Texas (the largest non-oil company,

behind only ExxonMobil and ConocoPhillips, and also the largest Dallas company) 2. Sprint Nextel(87th rank)

Sprint Corporation is a United States telecommunications holding company that provides wireless services and is also a major global Internet carrier. It's the third largest U.S. wireless network operator as of 2013, and serves more than 64.3 million customers,in addition to the Sprint brand, the company also offers wireless voice, messaging, and broadband services through its various subsidiaries under the Clear, Boost Mobile, Virgin Mobile, and Assurance Wireless brands, as well as wholesale access to its wireless networks to mobile virtual network operators.

The company is headquartered in Overland Park, Kansas. In July 2013, a majority of the company was purchased by Japanese telecommunications company SoftBank Corporation.

3.T- MobileT-Mobile International AG is a holding company for Deutsche Telekom AG's

various mobile communications subsidiaries outside Germany. Based in Bonn, Germany, its subsidiaries operate GSM, UMTS and LTE-based cellular networks in Europe, Canada, the United States, Puerto Rico, and the U.S. Virgin Islands.

The company has financial stakes in mobile operators in both Central and Eastern Europe.

Globally, T-Mobile International subsidiaries have a combined total of approximately 150 million subscribers, making T-Mobile International the world's tenth-largest mobile-phone service provider by subscribers and the fourth-largest multinational after the UK's Vodafone, India's Airtel.