Verizon Communications Inc.
BAC.DE
Deutsche Börse40.99
EUR
+0.27
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Verizon Communications Inc.
BAC.DE
(Deutsche Börse)
Recent
price
40.99
P/E
ratio
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div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Verizon Communications Inc is a leading telecommunications company primarily engaged in providing wireless and wireline communications services across the United States. Its main products and services include wireless voice and data services under the Verizon Wireless brand; broadband internet access through its Fios fiber-optic network and fixed wireless access; traditional and IP-based voice services; video entertainment services; and a comprehensive portfolio of business network solutions such as managed network services, cloud and security solutions, virtual network services, and Internet of Things (IoT) connectivity. Verizon also offers technology equipment leasing and subscription services alongside advanced identity and access management and secure hybrid network solutions for enterprise customers. Founded in 1983 and headquartered in New York, Verizon operates extensively across the U.S., including significant presence in consumer, business, and government markets. In the past one to two years, Verizon has undergone major strategic shifts under new CEO Dan Schulman, emphasizing operational efficiency, customer satisfaction, and profitable growth. Key recent changes include a multi-year cost-cutting initiative aiming to reduce its workforce by approximately 15,000 jobs and convert many company-owned retail stores to franchised operations. The company is streamlining or divesting legacy businesses unrelated to its core wireless and fiber broadband segments to become simpler and leaner. Verizon has made robust investments in marketing and AI-powered innovations to enhance customer experience and grow its mobility and broadband subscriber base. It continues expanding its Fios fiber footprint and is targeting a substantial increase in fixed wireless access subscribers, reflecting a strategic focus on high-speed broadband services. Verizon also introduced new customizable phone plans and value-added services such as device protection, cloud storage, and content offerings to deepen customer engagement. Verizon operates principally in the telecommunications and technology sectors, servicing consumer, business, and government customers throughout the United States. The company reported total revenues exceeding $130 billion with a growing wireless service revenue and expanding broadband connections, supported by its 5G network and fiber-optic infrastructure. Verizon remains positioned as one of the largest wireless carriers and a major fiber provider in the U.S., leveraging its nationwide infrastructure to deliver integrated communication and network services. The company actively pursues innovation in network security, cloud services, and IoT as part of its growth and transformation strategy. It is publicly traded under ticker BAC.DE and continues to invest in technology and network expansion while maintaining financial discipline to enhance shareholder value.