Verizon Wireless 2006 Annual Report Download - page 16

Download and view the complete annual report

Please find page 16 of the 2006 Verizon Wireless annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 84

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84

Global Business
Wireless Wireless
Broadband
and Video Broadband
and Video
Consumer Voice
Wholesale
Wholesale
Other
Wireline
Other
Wireline
Consumer Voice
Global Business
International and
Information Services
2004 $70.7 Billion 2006 $88.1 Billion
Business Transformation Drives Revenue Growth
14
What We Do: Business Transformation
Verizon’s strategic investments and focus on new growth opportunities have
transformed our company and strengthened our position in the growth segments
of the communications, information and entertainment industry.
These charts show Verizon’s improving revenue mix from 2004 to 2006. Revenues
grew from $70.7 billion in 2004 to $88.1 billion in 2006. During this same period,
wireless and global businesses became a much larger percentage of total revenues.
This means we’re less dependent on the traditional telephone business and
better positioned in the growth areas of broadband, wireless and global IP that
are driving the world’s economy forward.
14
Adjusted revenues in 2004 include those related to our former Information Services segment and our
Caribbean and Latin American properties which are classified as discontinued operations, and excludes
revenues related to MCI which was acquired on January 6, 2006.