Verizon Communications is a company that was first integrated in the year 1983, in Delaware. The company is actively engaged in providing wire line and wireless communication services, these includes broadband data, network access, video services, voice services and global internet protocol (IP) networks. The company is well established in the United States with its headquarters situated in New York City, from the data records of the company as of December 2000, the company had employed more than 194,000 people (Rainer & Cegielski , 2011, p. 21).
The company initially began conducting its business in the year 2000 as Verizon communications, the time when GTE was merged with Bell Atlantic. The company grew as a joint venture for the reason that it had combined the interests of Vodafone and that of the US wireless operations.
The company is a world-leading provider of information, communications, and entertainment services to large businesses, governmental agencies, and consumers across the world. The services offered by the company is available in more than 160 countries worldwide. The data services provided by the company include internet access through basic and Smartphones, messaging services, mobile broadband services, business and consumer-focused multimedia offerings and global services. The company has a strong market presence; the high growth rate, lower churns, and margins in the United States have amplified this (Sbeit & Southern Methodist University, 2008). The company also experiences strong trends in the market.
The most suitable and appropriate country that Verizon communications should expand its services to is Australia. The country offers a stable democracy, flexible economy, highly skilled and competent workforce, making the country a composed and an exceptional investment destination for the company to expand its services. Arguably, the country presents rich opportunities to Verizon investments to prosper.
Notably, the country has an excellent industry record, unparallel economy, unique cultural advantage, and a good geographic position that is suitable for putting up a communication and entertainment service company.
Australia’s economical and geographical condition
Over the past seven years, the foreign direct investment of Australia has increased at an average of 10 percent per annum. It is well evident that the country attracts high levels of foreign investments than any other developing country. When compared to the country’s GDP, the ratio of its FDI to GDP is about 40 percent that is above most developing countries (World Bank, 2012). Australia is among the 12 most preferred investment destinations globally. Trade and development conferences of the United Nations in the country have helped boost the performance of the country incredibly, making the country a favorable place for foreign investment.
The economy of Australia is the seventh most competitive economy globally; the country is at the seventh year of a nonstop economical growth averaging 3.5 percent a year. The strong growth can be attributed to the fact that the country was at a strong economical position at the beginning of the global recession. The national income of the country has been heightened in the recent years by a boom in the commodity price; furthermore, the common wealth eliminated its debt due to the favorable environmental conditions in the country.
Australia has never witnessed a major financial crisis like many other advanced countries; the country is the first developed country to raise funds after the crisis. It is predicted that the economy of the country will maintain the high growth rate over the coming years, the economy of Australia will rapidly expand more than any other OECD economies.
The country has the best quality of life that is easy for foreigners to adapt. Establishing business in the country is therefore much easier since one will not go through the many struggles that are often experienced in other countries. According to the World Bank news, the country has been ranked the 9th best place to do a business venture; one can establish a business in the country in two days (World Bank, 2012).
Reforms have been made to business taxation, labor market, protection and competition policy, these have made the economy of the country well prepared to the global pressures and trends. Reforms to the labor market particularly have made the country adapt to any changer that may take place in the economic environment.
Remarkably, the economy of Australia provides a platform and easy access to business investment, additionally; Australia has a healthy financial system and a sound supervision .Australia has low cost business locations compared to any other country in the industrialized world. The property prices in the country are highly competitive.
Australia’s urban areas and the rural areas are fully serviced with well communication networks, utilities and infrastructure. When the country’s superior workforce, cost competitiveness, and a low cost of living, the commercial benefit of expanding the Verizon communications to the country is apparent.
The population of the continent is densely but evenly populated assuring the investing company a ready market. The geography of the country is diverse ranging from mountains to temperate forest. Generally, the climate and the geography of the country are well suitable for investment.
In conclusion, it is advisable for the CEO of Verizon communications to establish business in Australia since the continent presents conducive and a humble working environment. Establishing communication services will be easy since the country has good geography, low cost of living, good economical state, and a ready market.
References
Rainer, R. K., & Cegielski, C. G. (2011). Introduction to information systems. Hoboken, N.J:
Wiley.
Sbeit, R. O., & Southern Methodist University. (2008). Telecom mergers: Economical and
technological effects with Verizon as a case study. (Dissertation Abstracts International, 69-7.) Ann Arbor, Mich: ProQuest.
World Bank. (2012). World Bank news. Washington, D.C: The Bank
