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How To BUSM 300 Week 1 Assignment 2: Researching The Telecommunications Industry

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Project 2: Researching the Telecommunications Industry Jeb Bolyard Business Department, Zane State College BUSM 2720: Financial Management Mr. Daniel Amspaugh April 30, 2023 Table of Contents Verizon Communications Overview 2 Verizon Communications Stock Overview 4 AT&T Overview 4 AT&T Stock Overview 6 Sprint Nextel Overview 6 Sprint Nextel Stock Overview 8 Verizon Communications Overview Verizon Communications is a multinational telecommunications company that provides wireless communication, internet, and other services. The company operates in several countries, including the United States, Canada, and Mexico. This report will analyze the company's profits, number of employees, countries of operations, and products or services …show more content…

The company's net income has fluctuated over the years, with a low of $2.5 billion in 2012 and a high of $19.3 billion in 2019. In 2020, the company's net income was $18.3 billion. Despite the fluctuations, the company has consistently maintained a healthy profit margin. Verizon has a large workforce, with over 130,000 employees worldwide. In 2010, the company had approximately 195,000 employees, but this number decreased over the years due to restructuring and divestitures. The company's workforce reached a low of 116,000 employees in 2018 but rebounded to approximately 132,000 in 2020. Verizon primarily operates in the United States, the largest wireless carrier, with over 120 million subscribers. The company also operates in several other countries, including Canada and Mexico. Verizon owns a 45% stake in the wireless carrier TELUS in Canada. In Mexico, the company operates through a joint venture with América Móvil. (Investopedia, n.d.) Verizon offers many products and services, including wireless voice and data services, broadband internet, and digital television. The company's wireless network infrastructure is one of the largest and most reliable in the United States. It has invested heavily in 5G technology to maintain its competitive …show more content…

In 2016, the company acquired Fleetmatics, a provider of fleet management software, for $2.4 billion. The same year, Verizon also acquired Sensity Systems, a smart city solutions provider. Verizon has maintained a strong position in the telecommunications industry over the past decade, despite various challenges and controversies. The company's focus on investing in its wireless network infrastructure and expanding its offerings into digital media and IoT has helped it maintain its competitive edge. As 5G technology continues to roll out, Verizon's strong position in the industry is likely to continue. Verizon Communications Stock Overview Over the ten years from 2010 to 2020, Verizon's stock price experienced some difficulties but overall trended upward. The stock started the decade at $31.19 and ended at $58.20, representing an 87% increase. Factors contributing to this upward trend include Verizon's investments in 5G technology, its acquisition of Yahoo! and AOL to bolster its media and advertising businesses, and its ability to maintain strong customer retention and grow its subscriber

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