| IPO Company Profile © ipodata.com |
| Message Board | SEC Filings | Peer IPO Companies |
| Verizon Wireless, Inc. |
| 180 Washington Valley Road, Bedminster, NJ 07921 * (908) 306-7000 |
| Business Description | The company the leading wireless communications provider in the United States in terms of number of subscribers, network coverage, revenues and cash flow. The company has the largest customer base of any U.S. wireless provider, with 25.4 million controlled wireless subscribers as of June 30, 2000, and offers wireless voice and data services across the most extensive national network, with 240 million people in their licensed area and digital coverage in almost every major U.S. city. |
|
Filing Information IPO has been | |||
| To Trade As | - - (NYSE) | Industry | Telecommunications (SIC 4812) |
| Type of Stock Offered | Common Shares | Filing Date | 8/24/00 |
| Domestic Shares Filed | 0 | Filing Price | - - |
| Foreign Shares Filed | 0 | Offering Amount | $5,000,000,000 |
| Company Shares | 0 | Est. Expenses | - - |
| Selling Shrhldrs Shares | 0 | Post-IPO Shares | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| Merrill Lynch & Co. | Co-manager | (212) 449-4600 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/99 | 6/30/99 | 6/30/00 | ||||
| Revenues | - | - | - | - | 13,543.000 | 6,463.000 | 7,271.000 |
| Income from Oper. | - | - | - | - | 1,409.000 | 658.000 | 742.000 |
| Net Income | - | - | - | - | 659.000 | 268.000 | 289.000 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | - | - | - | - | 12.50 | ||
| Net Income Growth (%) | - | - | - | - | 7.84 | ||
| Oper. Profit Margin (%) | - | - | - | - | 10.40 | 10.20 | 10.18 |
| Net Profit Margin (%) | - | - | - | - | 4.87 | 3.97 | 4.15 |
| Cash Flow - Oper. | - | - | - | ||||
| Cash Flow - Inv. | - | - | - | ||||
| Cash Flow - Fin. | - | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/00 | Financial Ratios | ||||
| Total Assets | 53,335.00 | Current Assets | - | Current Ratio | - |
| Total Liab. | 37,600.00 | Current Liab. | - | Debt Ratio | 70.50% |
| Total Equity | 15,735.00 | Working Cap. | - | Debt to Equity Ratio | 2.39 |
| Cash | 517.00 | Return on Assets | 0.54% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for general corporate purposes including capital expenditures related to the build out of the network, the acquisition of additional spectrum and wireless licenses and acquisitions of other wireless assets. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Davis, Polk & Wardwell |
| Bank's Law Firm | Simpson, Thacher & Bartlett |
| Auditor | Deloitte & Touche |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Verizon Communications | 100.00 | |
| Note: represents ownership of 5% or more prior to the offering. | ||