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Verizon(Strategic 100 2010)

Verizon(Strategic 100 2010)

Cloud computing specialist Verizon Communications reported continued strong cash flow growth in the second-quarter of 2010, improved margins for its wireless and Wireline businesses, plus improved revenue trends for sales to global business customers.

Global HQ: New York, US Website: www22.verizon.com

Global leader: Ivan Seidenberg, chairman and CEO

Local leader: John Karabin, regional vice-president ANZ

Revenue: US$107.8 billion (FY2009, ended December 31)

Core activity: Provider of voice, data and video services over wireless, broadband and global IP networks

Key customers: InterContinental Hotels US Federal government,

GWR Medical, Asia Mitsui, Celstream, Virgin Blue, iSoft, Runge

Employees: 210,800

Cloud computing specialist Verizon Communications reported continued strong cash flow growth in the second-quarter of 2010, improved margins for its wireless and Wireline businesses, plus improved revenue trends for sales to global business customers.

Verizon advocates an “everything-as-a-service” model, where cloud-based converged solutions are delivered through managed and professional services via the company’s global internet protocol network. It has two network-based business units: Verizon Wireless, operator of Wireline, America’s wireless network (including Verizon Telecom), and Verizon Business, serving medium and large businesses and government customers.

Ross O Storey

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Tags strategic 100 2010

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