Company

Verizon

Official Name: Verizon Communications Inc.

Headquarters: New York, NY, United States

Founded: October 7, 1983

Employees: 118,400

CEO: Mr. Hans E. Vestberg

show_chart NASDAQ: VZ

Market Cap

$216.68 Billion

USD as of April 1, 2022

history Market Cap History

Company Description

Verizon Communications Inc., commonly known as Verizon, is a diversified multinational telecommunications conglomerate. Verizon is engaged in a range of communications segments, including 5G, wireless networks, broadband and fiber, media and technology, Internet of Things, and manager security.

Verizon market capitalization evolution

Evolution of Verizon Communications Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Verizon Communications Inc.

Detailed Description

Verizon Communications Inc., through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices comprising smart watches. It also provides residential fixed connectivity solutions, such as internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2021, it had approximately 115 million wireless retail connections, 7 million wireline broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and data security services; domestic and global voice and data solutions, such as voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services. As of December 31, 2021, it had approximately 27 million wireless retail postpaid connections and 477 thousand wireline broadband connections. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

Wikipedia Introduction

Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered at 1095 Avenue of the Americas in Midtown Manhattan, New York City, but is incorporated in Delaware. In 1984, the United States Department of Justice mandated AT&T Corporation to break up the Bell System into seven companies, each a Regional Bell Operating Company (RBOC), commonly referred to as "Baby Bells". Bell Atlantic, one of the Baby Bells, came into existence the same year. Headquartered in Philadelphia, it became the parent of New Jersey Bell, Bell of Pennsylvania, Diamond State Telephone, and the C&P Telephone companies, with a trading area from New Jersey to Virginia. As part of a rebranding of the Baby Bells in the mid-1990s, all of Bell Atlantic's operating companies assumed the holding company's name. In 1997, Bell Atlantic expanded into New York and the New England states by merging with fellow Baby Bell NYNEX. While Bell Atlantic was the surviving company, the merged company moved its headquarters from Philadelphia to NYNEX's old headquarters in New York City. In 2000, Bell Atlantic acquired GTE, which operated telecommunications companies across most of the rest of the country not already in Bell Atlantic's footprint. Bell Atlantic, the surviving entity, changed its name to Verizon, a portmanteau of veritas (Latin for "truth") and horizon. In 2015, Verizon expanded into content ownership by acquiring AOL, and two years later, it acquired Yahoo! Inc. AOL and Yahoo were amalgamated into a new division named Oath Inc., which was rebranded as Verizon Media in January 2019, and was spun off and rebranded to Yahoo after its sale to Apollo Global Management. As of 2016, Verizon is one of three remaining companies with roots in the former Baby Bells. The other two, like Verizon, exist as a result of mergers among fellow former Baby Bell members. SBC Communications bought the Bells' former parent AT&T Corporation and took on the AT&T name, and CenturyLink acquired Qwest (formerly US West) in 2011 and later became Lumen Technologies in 2020. Verizon's mobile network is the largest wireless carrier in the United States, with 120.9 million subscribers as of the end of Q4 2020. And as of 2017, Verizon is the only publicly traded telecommunications company that has two stock listings in its home country, both the NYSE (principal) and NASDAQ (second…

Source: Wikipedia, retrieved on March 31, 2022, 9:07 p.m.

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Product & Services

Cable televisionLandlineMobile phoneBroadbandDigital televisionIPTVDigital MediaInternetTelematics

Key People

Hans Vestberg (Chairman, CEO)

Financials

Revenue: US$133.613 Billion (Fiscal Year Ended December 31, 2021)

Operating income: US$32.488 Billion (Fiscal Year Ended December 31, 2021)

Net income: US$22.618 Billion (Fiscal Year Ended December 31, 2021)


Total assets: US$366.596 Billion (Fiscal Year Ended December 31, 2021)

Total equity: US$83.200 Billion (Fiscal Year Ended December 31, 2021)

Stocks & Indices

Verizon Communications Inc. has the following listings and related stock indices.


Stock: NASDAQ: VZ

Stock: BCBA: VZ

Stock: BMV: VZ

Stock: Bovespa: VERZ34

Stock: BVS: VZ

Stock: FSX: BAC

Stock: MTA: VZ

Stock: XETR: BAC

Details

Headquarters:

1095 Avenue of the Americas

New York, NY 10036

United States

Phone: 212-395-1000