Rochester, NY 9/1/2009 8:55:28 AM
Verizon Communications Inc. VZ,market trade up 0.06% after trading session
Verizon Communications Inc.
Verizon's $245 million deal is the third major government contract that the company has won this year. Earlier, Verizon signed a massive $2.5 billion deal with the Department of Defense to provide fully managed transmission services for the for its Pacific-region Defense Information Network System (DISN) that covers military installations in the Asia-Pacific region, as well as regions of Canada, Central and South America and the Middle East. The network is the Defense Department's official enterprise-class network for providing data, video and voice services. Marlin Forbes, a regional vice president for Verizon Federal, says the network supports everything from personnel and medical systems to intelligence programs.
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Last Trade: 31.04
Day's Range: 30.71 - 31.06
52wk Range: 23.07 - 36.34
Change: Up 0.02 ( 0.06%)
Volume: 12,443,575
Avg Vol (3m): 14,377,300
About Verizon Communications Inc.
Verizon Communications Inc. (Verizon) is a provider of communications services. The Company has two primary reportable segments: Domestic Wireless and Wireline. Domestic Wireless’s products and services include wireless voice, data services and other value-added services and equipment sales across the United States. Wireline’s communications services include voice, Internet access, broadband video and data, next generation Internet protocol (IP) network services, network access, long distance and other services. It provides these services to consumers, carriers, businesses and government customers both in the United States and internationally in 150 countries. In August 2008, Verizon announced that Verizon Wireless, a joint venture of the Company and Vodafone Group Plc, had completed its purchase of Rural Cellular Corporation, doing business as Unicel. In January 2009, Verizon Wireless completed its acquisition of Alltel Corporation from Atlantis Holdings LLC.
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