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Fortune 500 - #17
Monday, April 21, 2008provided by
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Verizon Communications
Last Year's Ranking: 13
Revenue ($ millions): 93,775.00
Profit ($ millions): 5,521.00
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.
Rates
See today's average rates across the country.
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Loan Type Today Last Week 30 Year Fixed 5.11% 5.07% 15 Year Fixed 4.48% 4.55% 1 Year ARM 3.91% 3.94% 30 Year Fixed Jumbo 5.90% 5.86% 5/1 ARM 4.25% 4.19% 3/1 ARM 4.94% 4.97% Source: Bankrate -
Loan Type Today Last Week $30K Home Equity Loan 8.38% 8.34% $50K Home Equity Loan 8.28% 8.22% $75K Home Equity Loan 8.31% 8.25% $30K HELOC 5.17% 5.19% $50K HELOC 4.91% 4.93% $75K HELOC 4.91% 4.93% Source: Bankrate -
Loan Type Today Last Week 36 Month New Car Loan 6.71% 6.70% 48 Month New Car Loan 6.84% 6.82% 60 Month New Car Loan 6.88% 6.86% 72 Month New Car Loan 6.12% 6.12% 36 Month Used Car Loan 7.17% 7.17% 48 Month Used Car Loan 7.05% 7.05% Source: Bankrate -
Card Type Today Last Week Business Credit Cards 10.74% 9.74% Low Interest Credit Cards 11.97% 11.65% Balance Transfer Credit Cards 12.09% 12.13% Cash Back Credit Cards 12.49% 12.08% Instant Approval Credit Cards 13.32% 13.32% Reward Credit Cards 13.42% 13.29% Source: CreditCards.com
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