Verizon

Verizon is an American telecommunications company providing media, digital, and communications services to more than 150 million customers.

Categories

Technology  

#77

Rank

$146.55B

MarketCap US

US United States

Country

Summary

Verizon Communications Inc. is an American multinational telecommunications conglomerate based in New York City. The company was founded in 2000 and is one of the largest wireless service providers in the United States, with over 150 million customers as of 2021.
Verizon provides a range of telecommunications services, including voice and data services, wireless broadband, and fiber-optic internet and TV services. The company operates a robust 4G LTE network and has been an early adopter of 5G technology, offering 5G services in select markets across the United States.

In addition to its wireless services, Verizon also provides enterprise services, such as cloud and cybersecurity solutions, to large corporations and government organizations. The company has a strong focus on innovation and is a leading player in developing new technologies, such as Internet of Things (IoT) and 5G applications.

Verizon is a publicly traded company and is listed on the NYSE stock exchange. The company has a strong financial profile, with steady revenue and earnings growth, and has been consistently rated as one of the best wireless service providers in the United States. With its focus on innovation and its growing customer base, Verizon is well-positioned to continue to be a leading player in the telecommunications industry.


History

Verizon Communications Inc., commonly known as Verizon, is an American telecommunications company that provides wireless services, broadband, and other services. The company has its headquarters in New York City, and it is one of the largest wireless carriers in the United States.

Verizon's history can be traced back to the Bell Telephone Company, which was founded by Alexander Graham Bell in 1877. Bell Telephone Company eventually became part of the American Telephone and Telegraph Company (AT&T), which was a monopoly in the telecommunications industry in the United States for several decades.

In the 1980s, the U.S. government began to deregulate the telecommunications industry, which led to the breakup of AT&T in 1984. The breakup resulted in the creation of several regional Bell operating companies (RBOCs), one of which was Bell Atlantic.

Bell Atlantic continued to grow through mergers and acquisitions, acquiring several other regional telephone companies in the 1990s. In 2000, Bell Atlantic merged with GTE Corporation, another telecommunications company, to create Verizon Communications.

After the merger, Verizon continued to expand its services, including wireless services, broadband, and other telecommunications services. In 2005, Verizon acquired MCI, a long-distance telecommunications company, which allowed Verizon to expand its services further.

In 2010, Verizon launched its 4G LTE network, which provided faster mobile broadband speeds than previous networks. The company continued to invest in its wireless network, expanding coverage and increasing speeds over the years.

In recent years, Verizon has continued to diversify its services, including expanding into the media and advertising industries. In 2015, the company acquired AOL, an internet service provider and media company, followed by its acquisition of Yahoo! in 2017.

Verizon has also been at the forefront of developing and deploying new technologies, such as 5G wireless networks. In 2019, Verizon launched its 5G network in select cities in the United States, offering faster speeds and lower latency than previous generations of wireless technology.

Overall, Verizon's history is one of growth and innovation in the telecommunications industry. From its roots in the Bell Telephone Company to its position as one of the largest wireless carriers in the United States, Verizon has played a significant role in shaping the telecommunications industry and will likely continue to do so in the future.


Mission

Verizon's mission statement is "We deliver the promise of the digital world to our customers. We make their innovative lifestyles possible". This mission statement reflects Verizon's commitment to providing customers with reliable services and products that enable them to take advantage of the digital world. Verizon also seeks to enhance the ability of humans, businesses, and society to do more new and do more good.


Vision

Verizon's vision is to provide the world with innovative and seamless technology and communication solutions. The company aims to be a leader in the industry and provide their customers with a connected and secure digital experience, while promoting diversity and sustainability.


Key Team

Gregory G. Weaver (Board Member)

Melanie L. Healey (Board Member)

Rodney E. Slater (Board Member)

Carol B. Tomé (Board Member)

Laxman Narasimhan (Board Member)

Mark T. Bertolini (Board Member)

Roxanne S. Austin (Board Member)

Shellye L. Archambeau (Board Member)

Lowell C. McAdam (Board Member)


Recognition and Awards
Verizon has received numerous awards and recognition for its network quality, IT security services, and best practices criteria. According to the Omdia Universe Global IT Security Services Universe Report, Verizon is recognized as a leader in the industry. Additionally, Verizon has been awarded the highest number of awards in network quality for 25 years in a row by J.D. Power. Furthermore, Verizon has also excelled in many of the criteria for best practices according to an evaluation process

Products and Services

Verizon is a leading telecommunications company that provides a wide range of products and services to consumers and businesses. The company offers various services such as wireless, internet, TV, and home phone services. In this article, we will discuss the products and services offered by Verizon in more detail.

Wireless Services: Verizon offers wireless services that include a variety of smartphones, basic phones, and tablets. The company provides a nationwide network that is reliable and has excellent coverage. Verizon offers both postpaid and prepaid plans that cater to the needs of different customers. The company also offers unlimited data plans that allow users to stream, browse, and use social media without worrying about data limits.

Internet Services: Verizon offers internet services that include DSL and fiber optic services. The company's fiber optic service, Fios, provides fast and reliable internet speeds of up to 940 Mbps. Fios also offers a variety of TV plans that include hundreds of channels and on-demand programming.

TV Services: Verizon offers TV services that include Fios TV and Verizon Stream TV. Fios TV provides a variety of packages that include hundreds of channels, including premium channels such as HBO, Cinemax, and Showtime. Verizon Stream TV offers a streaming service that includes popular channels such as ESPN, HGTV, and Discovery Channel.

Home Phone Services: Verizon offers home phone services that include traditional landline service and a wireless home phone service. The traditional landline service provides a reliable connection with clear voice quality, while the wireless home phone service offers a portable device that can be used anywhere within Verizon's network coverage.

In addition to these services, Verizon also offers various products such as routers, smart home devices, and accessories for smartphones and tablets. Verizon's products and services are designed to meet the needs of different customers, and the company's commitment to quality and reliability has made it one of the most popular telecommunications companies in the world.


References
Verizon
Leadership team

Clarence Otis Jr (Board Member)

Daniel H. Schulman (Board Member)

Industries

Technology

Products/ Services
Cable television, Landline, Mobile phone, Broadband, Digital television, IPTV, Digital Media, Internet, Telematics
Number of Employees
Above 50,000
Headquarters
1095 Avenue of the Americas, New York City, U.S.
Established
1983
Company Type
Public Limited Company
Company Registration
SEC CIK number: 0000732712
Net Income
Above - 20B
Revenue
Above - 1B
Traded as
VZ
Social Media

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Sun Apr 21 2024
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