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17 of 1000
17. Verizon Communications
Verizon Communications
Financials: Latest Results
Rank: 17 (Previous rank: 13)
Compare tool: Verizon Communications vs. Top 10
CEO: Ivan G. Seidenberg
Address: 140 West St.
New York, NY 10007
Phone: 212-395-1000
The second-largest telecom in the United States has relied on its fast-growing wireless business to offset its quickly disintegrating core home phone business, which saw subscribers shrink by 11% last year.

The biggest threat comes from cable companies offering bundles of TV, phone and Internet service. Verizon created its own fiber-optic TV service in 2005 - the "triple play" is offered in select markets and has about 1 million subscribers, far fewer than rivals.

One victory: In April, Verizon won an FCC auction for wireless spectrum to build what could be the largest mobile phone network within two years, potentially besting AT&T.

Revenues 93,775.0 0.6
Profits 5,521.0 -10.9
Assets 186,959.0
Stockholders' equity 50,581.0
Market value (3/28/2008) 102,531.0
Revenues 5.9
Assets 3.0
Stockholders' equity 10.9
2007 $ 1.90
% change from 2006 -10.4
1997-2007 annual growth rate % 1.9
2007 22.1
1997-2007 annual rate 3.7
1 AT&T 10 118,928.0
2 Verizon Communications 17 93,775.0
3 Sprint Nextel 58 40,146.0
4 Comcast 79 30,895.0
5 DirecTV Group 143 17,246.0
6 Qwest Communications 187 13,778.0
7 DISH Network 240 11,090.4
8 Liberty Global 292 9,003.3
9 Alltel 300 8,811.3
10 Virgin Media 313 8,152.5
11 Cablevision Systems 374 6,538.4
12 Embarq 381 6,365.0
13 Charter Communications 409 6,002.0
14 Telephone & Data Systems 478 4,829.0
15 Level 3 Communications 529 4,269.0
16 NII Holdings 624 3,296.3
17 Windstream 632 3,260.8
18 CenturyTel 739 2,656.2
19 Citizens Communications 818 2,288.0
20 MetroPCS Communications 828 2,235.7
21 IDT 887 2,030.6
22 Leap Wireless International 999 1,630.8
From the May 5, 2008 issue
Revenues: Includes revenues from discontinued operations.
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