Verizon Communications Inc (Verizon) provides communications, information and entertainment products and services. The company offers voice, data and video services and solutions through its wireless and wireline networks. It offers value-added services such as broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services, and local and long-distance voice services. Verizon’s multimedia offerings include music, video, gaming and news content. Verizon serves small and medium, enterprise, public sector, and wholesale businesses. The company has business presence in the Americas, Europe, the Middle East, Africa and Asia-Pacific. Verizon is headquartered in New York City, New York, the US.
Headquarters
United States of America
Address
1095 Avenue of The Americas, New York, 10036
Website
www.verizon.com
Telephone
1 212 3951000
No of Employees
118,400
Industry
Technology and Communications
Ticker Symbol & Exchange
VZ (NYSE)
Revenue (2023)
$136.8B
4.1%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
24%
(2023 vs 2022)
Market Cap*
$159.8B
Net Profit Margin (2022)
XYZ
19.0%
(2023 vs 2022)
* As of and is in US$
Verizon Communications Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Wireless Devices | Internet Access | : |
| Tablets | Broadband Services | Verizon |
| Smartphones | High-Speed Internet (DSL) | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In February, the company entered into a partnership with the National Football League (NFL) to deliver a Managed Private Wireless Solution across each of the 30 U.S. NFL stadiums. |
| 2023 | Others | In January, the company deployed 5G at Deloitte’s The Smart Factory at Wichita. |
| 2023 | Others | In January, the company shut down its older, third-generation (3G) wireless network. |
Competitor Comparison
| Key Parameters | Verizon Communications Inc | Apple Inc | Alphabet Inc | Microsoft Corp | AT&T Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | New York | Cupertino | Mountain View | Redmond | Dallas |
| State/Province | New York | California | California | Washington | Texas |
| No. of Employees | 118,400 | 164,000 | 190,234 | 221,000 | 203,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Hans Vestberg | Chief Executive Officer; Chairman | Executive Board | 2019 | 56 |
| Matthew D. Ellis | Chief Financial Officer; Executive Vice President | Senior Management | 2016 | 50 |
| Rima Qureshi | Executive Vice President; Chief Strategy Officer | Senior Management | 2017 | 57 |
| Kyle Malady | Chief Technology Officer; Executive Vice President | Senior Management | 2019 | 54 |
| Diego Scotti | Executive Vice President; Chief Marketing Officer | Senior Management | 2014 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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