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17. Verizon Communications
Verizon Communications
Financials: Latest Results
Rank: 17 (Previous rank: 17)
Compare tool: Verizon Communications vs. Top 10
CEO: Ivan G. Seidenberg
Address: 140 West St.
New York, NY 10007
Phone: 212-395-1000
Website: www.verizon.com
It was no iPhone "killer" but the Blackberry Storm did help Verizon grow its profit in 2008 as customers lined up to buy the touch-screen smartphone. Closing its $28.1 billion purchase of Alltel in January 2009 made Verizon the nation's biggest wireless company with 83.7 million customers.

The company is pushing ahead with its FIOS TV and Internet services in the hopes of making up for the continued decline in its landline business, as more users cut the cord and use only their cells. - J.R.

  $ millions % change from 2007
Revenues 97,354.0 3.8
Profits 6,428.0 16.4
Assets 202,352.0
Stockholders' equity 41,706.0
Market value (3/27/2009) 86,978.3
Profits as % of  
Revenues 6.6
Assets 3.2
Stockholders' equity 15.4
Earnings per share  
2008 $ 2.26
% change from 2007 18.9
1998-2008 annual growth rate % 2.0
Total return to investors %
2008 -18.1
1998-2008 annual rate -0.4
Rank Company 500
rank
Revenues
($ millions)
1 AT&T 8 124,028.0
2 Verizon Communications 17 97,354.0
3 Sprint Nextel 64 35,635.0
4 Comcast 68 34,256.0
5 DirecTV Group 126 19,693.0
6 Qwest Communications 197 13,475.0
7 DISH Network 231 11,617.2
8 Liberty Global 257 10,561.1
9 Virgin Media 338 7,439.9
10 Cablevision Systems 342 7,230.1
11 Charter Communications 385 6,479.0
12 Embarq 405 6,124.0
13 Telephone & Data Systems 465 5,092.0
14 Level 3 Communications 526 4,301.0
15 NII Holdings 530 4,269.4
16 Windstream 656 3,213.5
17 MetroPCS Communications 727 2,751.5
18 CenturyTel 753 2,599.7
19 Frontier Communications 834 2,237.0
20 Leap Wireless International 909 1,958.9
21 IDT 937 1,878.0
Issue date: May 4, 2009
Figures do not include Alltel (2007 rank: 300), acquired Jan. 9, 2009.
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