What is Verizon Communications Inc.'s business focus and history?
Verizon Communications Inc. is a publicly traded telecommunications company headquartered in New York City, United States. Founded in 1983, it offers wireless services, broadband internet, and related communications solutions to consumers, businesses, and institutional clients. As of 2025, Verizon reported revenues of $138.19 billion and employed approximately 89,600 individuals. The company operates under the stock symbol VZ on the NYSE and is led by CEO Dan Schulman. Verizon's subsidiaries include Visible, TracFone Wireless, and a 10% stake in Yahoo.
Verizon Communications Inc. Corporate Details & Core Services
Verizon Communications Inc. is a leading American telecommunications company offering wireless services, broadband internet, and related communications solutions to consumers, businesses, and institutional clients across the United States and select international markets.
Verizon Communications Inc. Contact Information & Official Links
What are Verizon Communications Inc.'s Key Business Metrics & Stats?
No of employees
89600
Founded year
1983
Type
public
SAICS CODE
4813
NAICS Code
517312
Industry
Telecommunications
Location
New York City, New York, United States
Subsidiary Company
visible.com, tracfone.com, yahoo.com
Stock Name
VZ (NYSE)
Pricing Strategy
Unlimited Wireless Plans, Prepaid Plans, Business Solutions Packages
How much funding has Verizon Communications Inc. raised to date?
Name
Description
Latest Valuation
206.7 Billion (USD)
What are Verizon Communications Inc.'s Core Products?
Name
Description
Wireless Services
Nationwide 5G and 4G LTE mobile network services.
Fios Home Internet
Fiber-optic broadband internet service.
Fios TV
Digital television service delivered over fiber-optic network.
Verizon Business
Communication and technology solutions for businesses.
What are the latest developments at Verizon Communications Inc.?
Date
Type
Description
November, 2025
Corporate Restructuring
Verizon announced layoffs of over 13,000 employees as part of a major corporate restructuring to improve customer experience and streamline operations.
October, 2025
Leadership Change
Dan Schulman, former CEO of PayPal, appointed as Verizon's new CEO, succeeding Hans Vestberg.
Verizon Communications Inc. VS AT&T VS T-Mobile US VS Sprint Corporation : 2026 Comparison
Intense competition in the telecommunications sector, Maintaining customer satisfaction amid restructuring, Managing costs while investing in new technologies
Sales motion
Direct Sales, Retail Stores, Online Sales, Partner Channels
Buyer Persona
Tech-Savvy Consumers, Small to Medium Business Owners, Enterprise IT Managers
Type of customer
Consumers, Businesses, Government Agencies
Key customer domain
us.gov, state.gov, business.com
Annual ACV
High
What is Verizon Communications Inc.'s annual revenue history?
Year
Revenue (USD)
2025
138.2 Billion
What are Verizon Communications Inc.'s risk management and compliance ratings?
GDPR RIsk
Yes
Privacy Risk
Yes
Company Ratings
3.8
Glassdoor Rating
3.8
What are Verizon Communications Inc.'s business model and service classifications?
