Talk:Verizon Communications

Active discussions


Number of employeesEdit

The infobox contains an outdated number of employees. I work for Verizon and have a conflict of interest. Following in the footsteps of my former colleague, VZBob, I won't be making direct edits to articles where I have a conflict, so I will propose edits here. Is it possible to update the figure based on Verizon's own fact sheet with figures as of September 2019? If so, please update Number of employees in the infobox to 135,400 (September 2019)[1]

As I work for Verizon and have a conflict of interest, I ask others to look at my request and make editors on my behalf. Thank you, VZEric (talk) 22:51, 15 January 2020 (UTC)

References

  1. ^ "Verizon Fact Sheet" (PDF). Verizon. 2019. Retrieved January 15, 2020.

Reply 15-JAN-2020Edit

   Edit request implemented    Spintendo  23:07, 15 January 2020 (UTC)

@Spintendo: Thank you! VZEric (talk) 21:05, 16 January 2020 (UTC)

5G updateEdit

I am proposing an addition to History; I've drafted a brief explanation of Verizon's 5G efforts to show Verizon's year-end 2019 figures. As 5G is a major topic in the industry, I felt it germane to this article. I modeled my draft so it is of similar size to the existing content about the launch of 4G LTE. I included what people say are the pros and cons of the spectrum Verizon uses to keep this neutral. My proposed addition is shown below:

Verizon began its rollout of 5G, the fifth generation wireless technology, in 2019.[1][2] By year-end, Verizon had launched 5G in 30 cities across the U.S.[1] Verizon's 5G network is deployed on millimeter wave spectrum (mmWave).[1][3] While fast, the high-band spectrum Verizon uses has limited range and penetration is a challenge.[3][4]

References

  1. ^ a b c de Looper, Christian (December 23, 2019). "Verizon reaches goal of 5G in 30 cities in 2019, adds Cleveland and Columbus". Digital Trends. Retrieved January 15, 2020.
  2. ^ Chen, Brian X. (January 8, 2020). "What You Need to Know About 5G in 2020". The New York Times. Retrieved January 15, 2020.
  3. ^ a b Blumenthal, Eli; Cheng, Roger (January 8, 2020). "Verizon is quadrupling its output of 5G devices in 2020". CNET. Retrieved January 15, 2020.
  4. ^ Sherman, Alex; Haselton, Todd (January 9, 2020). "There are three types of 5G — most of what you'll get is not the super-fast kind". CNBC. Retrieved January 15, 2020.

As I work for Verizon and have a conflict of interest, I ask others to look at my draft material and make edits on my behalf. Thank you, VZEric (talk) 20:25, 24 January 2020 (UTC)

  Done I chose to write this passage a bit differently from how it was done on Verizon Wireless, rather than using the same text. I think I much prefer how I did it on this article, and am tempted to use it on Verizon Wireless as well. –Erakura(talk) 22:18, 26 February 2020 (UTC)
@Erakura: Thank you for this edit, too! It looks great. Thank you, VZEric (talk) 16:21, 28 February 2020 (UTC)

Financial informationEdit

Verizon's Form 10-K with 2019 financial information was released in February with the latest financials. I work for Verizon and have a conflict of interest. Following in the footsteps of my former colleague, VZBob, I won't be making direct edits to articles where I have a conflict, so I will propose edits here. The financials in the infobox and the Finances section are updated. I suggest these updates (the page numbers cited represent the PDF page numbers).

In the infobox:

  • Change "Revenue" to "US$131.86 billion (2019)"[1]
  • Change "Operating income" to "$30.37 billion (2019)"[1]
  • Change "Net income" to "$19.78 billion (2019)"[1]
  • Change "Total assets" to "$291.72 billion (2019)"[2]
  • Change "Total equity" to "$62.83 billion (2019)"[3]
  • Change "Number of employees" to "135,000 (2019)"[4]

With these new figures available, the Finances section is now outdated, as the introductory paragraph discusses 2017 financials. I have provided an updated paragraph and citations here for consideration:

  • For the fiscal year 2019, Verizon reported earnings of US$19.78 billion, with an annual revenue of US$131.86 billion, an increase of 0.77% over the previous fiscal cycle.[1][5] Verizon's market capitalization was valued at over US$$224 billion in March 2020.[6] Verizon is ranked #19 on the Fortune 500 rankings of the largest United States corporations by total revenue, as of 2019.[7]

Lastly, the table in "Finances" would need to be updated with the figures I have shared here.

As I work for Verizon and have a conflict of interest, I ask others to look at my request and make edits on my behalf. Thank you, VZEric (talk) 21:56, 3 March 2020 (UTC)

References

  1. ^ a b c d "Verizon Communications Inc. Form 10-K" (PDF). Verizon. February 2, 2020. p. 74. Retrieved March 3, 2020.
  2. ^ "Verizon Communications Inc. Form 10-K" (PDF). Verizon. February 2, 2020. p. 40. Retrieved March 3, 2020.
  3. ^ "Verizon Communications Inc. Form 10-K" (PDF). Verizon. February 2, 2020. p. 80. Retrieved March 3, 2020.
  4. ^ "Verizon Communications Inc. Form 10-K" (PDF). Verizon. February 2, 2020. p. 41. Retrieved March 3, 2020.
  5. ^ "Verizon Revenue 2006–2019 | VZ". www.macrotrends.net. Retrieved March 3, 2020.
  6. ^ "Verizon Market Cap 2006-2019 | VZ". www.macrotrends.net. Retrieved March 3, 2020.
  7. ^ "Fortune 500". Fortune. Retrieved March 3, 2020.

Reply 4-MAR-2020Edit

   Edit request partially implemented  

  1.  Y The infobox financials were updated.
  2.  N The employee numbers were not updated for two reasons:
    1. Another source with a similar figure was already established in the infobox.
    2. The source provided with the request states approximately 135,000 employees. The already established number of 135,400 is a reasonable approximate of 135,000.
  3.  N The financial information in the prose was not updated. The stated reason for the substitution was that the Finances section is now outdated. A check of the information shows that it refers to 2017, and that the data for 2017 has not changed, and is still relevant for 2017. Therefore, the information is not outdated. To substitute the information, another reason why the information is inaccurate and should be removed needs to be provided. As an alternative, the 2019 information could be added on top of the 2017 information.[a]

Regards,  Spintendo  21:51, 4 March 2020 (UTC)

Notes

  1. ^ This action would apparently work against #3 of WP:NOTSTATS, in which case, the guidance there suggests that statistics should be placed in tables to enhance readability, and articles with statistics should include explanatory text providing context. Where statistics are so lengthy as to impede the readability of the article, the statistics can be split into a separate article and summarized in the main article. The proposed Financial section's text (as well as the already existing Financial section's text) only verbalize the information in the infobox, — they do not contribute meaningful content explaining how and in what way those financial figures came to be expressed in that manner (i.e., how they were achieved, and with what resources, plans, etc. — in other words, everything explained in the source provided with the current request (the 10-K booklet).
@Spintendo: Thank you for updating the infobox! I also appreciate your notes about the employee figure and the "Finances" section.
@Afus199620: As you created the "Finances" section, what do you think is the best way to incorporate newly released information on Verizon's 2019 financials in that section? VZEric (talk) 18:08, 12 March 2020 (UTC)
@Afus199620: Thank you for adding the most recent financial information. VZEric (talk) 21:18, 15 April 2020 (UTC)
@VZEric: No problem. How do you think will the COVID-19 pandemic affect your current business year?--Afus199620 (talk) 15:53, 16 April 2020 (UTC)
@Afus199620: We can't comment or speculate about that, but we're monitoring the situation while we support our employees and serve our customers. VZEric (talk) 22:22, 16 April 2020 (UTC)
Return to "Verizon Communications" page.