Verizon Communications Restructures, Creates Global Services Organization

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Verizon Communications ($NYSE:VZ) is an American telecommunications and media company. In an effort to streamline and better focus its operations, Verizon has created a new Global Services organization. This group will be responsible for most of the shared services teams inside the company, including Real Estate, Sourcing, Supply Chain, Fleet, Finance Operations, Global Technology Solutions, Reporting and Insights, Learning and Development, Public Policy and Information Security. Craig Silliman, who is currently the carrier’s chief administrative officer and general counsel, has been named president of Verizon Global Services and will lead the new group.

This move gives him responsibility for a wide range of critical functions within the company. The goal of this restructuring is to allow Verizon to better compete in the increasingly competitive telecommunications landscape. By centralizing its operations in this way, the company hopes to be able to better focus its resources and better serve its customers.

Stock Price

On Tuesday, Verizon Communications stock opened at $36.6 and closed at $35.9, down by 1.9% from prior closing price of 36.6. The stock has been on a downtrend since the beginning of this year.

However, the recent restructuring of the company and the creation of a new Global Services organization has generated some positive media sentiment. The new Global Services organization will be responsible for the company’s international business, enterprise customers and network services. This move signals Verizon’s commitment to expanding its global reach and becoming a leader in the telecommunications industry. The positive media sentiment around this news is a good sign for the company, which has been struggling to keep up with its competitors in recent years. If Verizon can successfully execute its new strategy, it could be well positioned to regain its position as a top telecommunications provider.

VI Analysis

Verizon Communications is a large American telecommunications company. The company’s fundamentals reflect its long term potential. The company is strong in dividend, profitability, and medium in asset.

However, the company is weak in growth. Verizon Communications is classified as a “cow”, a type of company that has the track record of paying out consistent and sustainable dividends. The company’s intermediate health score of 6/10 with regard to its cashflows and debt, is likely to safely ride out any crisis without the risk of bankruptcy.

Summary

Verizon Communications Inc. announced that it would be restructuring its organization in order to create a new global services organization. This move comes as the company looks to streamline its operations and better compete in the increasingly competitive telecommunications market. The new organization will be responsible for Verizon’s international and business customers, as well as its global network and IT operations.

This move will help Verizon better focus on its core businesses and better meet the needs of its customers. The restructuring is expected to be completed by the end of the year.