Verizon Communications Inc.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Daniel H. Schulman
- Full Time Employees
- 89,900
- Sector
- Communications
- Industry
- Wireless telecommunications
- Address
- 1095 Avenue of the Americas New York NY United States 10036
- IPO Date
- Feb 15, 1984
- CIK
- 0000732712
- Website
- verizon.com
- Similar Companies
- Business
- Verizon Communications Inc. (NYSE: VZ) provides communications, technology, entertainment, and information products and services to consumers, businesses, and government customers primarily in the United States; its Consumer segment offers wireless services including postpaid and prepaid voice and data plans on its nationwide 4G LTE and 5G networks, fixed wireless access broadband, Fios fiber-optic internet and TV with high-speed connectivity and on-demand video content, wireless devices such as smartphones, tablets, smartwatches, and connected IoT equipment, internet access bundles, and consumer security solutions; its Business segment delivers network connectivity including private IP, cloud, software-defined networking, internet access, IP voice and video, unified communications, collaboration tools, customer contact centers, domestic and global voice and data services, conferencing, private line networks, IoT platforms, managed security, fleet telematics via Verizon Connect, and enterprise equipment installation and maintenance. Founded in 1983 as Bell Atlantic and headquartered in New York City with key operations across 40 states and global reach through subsidiaries, the company operates the largest U.S. wireless network with over 146 million subscribers. Recent developments include the Federal Communications Commission approval on May 16, 2025, of its $20 billion all-stock acquisition of Frontier Communications to expand fiber broadband capabilities; a strategic fiber agreement with Eaton Fiber announced October 2025 for exclusive retail residential services in new markets with third-party funding and accelerated builds complementing Fios and Frontier footprints; acquisition of Starry's fixed wireless assets serving multi-dwelling units in major U.S. cities like Boston and New York, targeting doubled fixed wireless subscribers to 8-9 million by 2028; a long-term infrastructure agreement with SBA Communications in November 2025 for cost efficiencies and 4G/5G expansion; a $3.3 billion tower sale-leaseback transaction with Vertical Bridge completed in late 2024; partnership with AST SpaceMobile in May 2024 for direct-to-cell satellite capabilities enhancing remote area coverage; and launch of an AI-powered customer experience platform in June 2025 across stores, support, and digital services.
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