Verizon Communications Inc - Company Profile
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Business Description
Verizon Communications Inc (Verizon) is a technology and communications service provider. The company provides technology, communications, information, and entertainment products and services to consumers, businesses, and government entities. The company also offers video, data, and voice services and solutions on its platforms and networks, focusing on mobility, reliable network connectivity, and security. It provides wireless services and equipment including smartphones and other handsets, wireless-enabled internet devices, and other wireless-enabled connected devices to both consumers and businesses.
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R&D Overview
Verizon’s R&D arm strives to develop new network architecture and technologies to extend its leadership in both fourth-generation (4G) and fifth-generation (5G) wireless networks. It also aims to create its C-Band spectrum, enhancing and driving the monetization of its networks, platforms, and solutions. The company focuses on transforming the architecture of its networks into its advanced multi-use platform, the Intelligent Edge Network. This platform enhances applications by hosting them closer to devices and endpoints at the end of the network to lower response time and boost performance. It invests in wireless networks, high-speed fiber and other advanced technologies to build reliable network infrastructure. Verizon also operates Innovation Labs with onsite lab environments and mobile testing platforms to accelerate solution development and offer deep engineering solutions. The company has Innovation Labs in Los Angeles, Boston, and San Francisco, the US.
Business Segments
Overview
Offers wireless and wireline communication services and products; security and managed network services; corporate networking solutions; FWA broadband, data, video and conferencing services; and local and long distance voice services. Serves businesses, wireless and wireline carriers and government customers in the US and provides certain products and services to customers across the world. Small and Medium Business category provides tailored voice and networking products, wireless services and equipment, Internet Protocol (IP) networking, conferencing services, Fios services and advanced voice solutions, and security and managed information technology services. Global Enterprise provides services to large businesses.
Performance
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Overview
Provides wireline and wireless communications services and products to consumers. Wireless equipment includes a range of wireless-enabled internet devices such as tablets, smartphones and other handsets and wireless-enabled connected devices such as smart watches. Offers wireline services in nine states in the Mid-Atlantic and Northeastern US and Washington DC via a fiber-optic network under Fios brand and copper-based network for consumers not served by Fios. Provides wireless services under Verizon and TracFone brand names. Also provides fixed wireless access (FWA) broadband through wireless networks.
Performance
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Overview
Includes the device insurance programs, investments in unconsolidated businesses and development stage businesses. Also includes the historical results of divested businesses, including Verizon Media.
Performance
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