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Verizon

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Verizon Communications Inc.
FormerlyBell Atlantic Corporation (1983–2000)
Company typePublic
ISINUS92343V1044
IndustryTelecommunications
Predecessors
FoundedOctober 7, 1983; 43 years ago (1983-10-07)
Headquarters1095 Avenue of the Americas,
New York City, New York
,
U.S.
Area served
United States
Key people
Products
RevenueIncrease US$134.79 billion (2024)
Increase US$28.69 billion (2024)
Increase US$17.95 billion (2024)
Total assetsIncrease US$384.72 billion (2024)
Total equityIncrease US$100.58 billion (2024)
Number of employees
99,600 (2024)
Divisions
Websitewww.verizon.com
Footnotes / references
[1][2][3][4][5][6][7][8][9]

Verizon Communications Inc. (NYSE: VZ),[10] is a telephone, internet service provider, and television company in the United States. It also owns a mobile phone company, Verizon Wireless. Verizon was created in 2000 by merging GTE and Bell Atlantic. These companies had already absorbed other companies, some of them more than a hundred years old. The biggest ones were formerly owned by AT&T.

In 2015, Verizon bought the Internet company AOL, and the next year it bought Yahoo!. Both of these purchases were for about US$4.4 billion.[11] In 2017, both AOL and Yahoo! were part of a subsidiary created by Verizon called Oath Inc.[12]

Verizon is one of the few publicly-traded companies to have a stock on both the NYSE and the NASDAQ. Its NYSE listing has been one of the 30 companies in the Dow Jones Industrial Average since 2004.[13]

Verizon Consumer

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Verizon's consumer wireless unit offers mobile phone, home telephone, and Internet services through a variety of devices.

Wireless phone services

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Verizon Wireless offers smartphones using Apple's iOS and Google's Android.[14] Both its basic phones and smartphones use their 4G LTE or 5G network.[15] The company offers different voice and data plans for its users.[16][17]

In 2019, Verizon offered one year of access to then ad-free Disney+ included in some of its unlimited plans as part of the launch of the streaming service.[18] In 2020, the deal was expanded and extended to include access to the bundle of ad-supported Hulu and ESPN+ as part of some unlimited plans.[19]

In 2023, Verizon changed its plan offerings, with access to the Disney+ bundle and other services such as Apple Music no longer automatically included in its new plans, but available instead as add-on perks at a reduced price.[20]

In 2022, Verizon began testing a service called +play where customers could sign up for a range of streaming and other subscription services, officially rolling it out in 2023 with various discount deals.[21][22]

Verizon shut down the +play service in 2025 to focus on making some subscription services available as add-ons to its wireless plans.[23] The same year Verizon also removed access to Google Play Pass and Apple Arcade that had been included in some older plans.[24]

Wireless home phone

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Introduced in February 2015 as Verizon Wireless Home Phone Connect, Wireless Home Phone uses Verizon's cellular network rather than using traditional landline wires to provide home phone service.[25]

Mobile broadband and Wi-Fi

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Verizon Mobile network, branded as Jetpack.[26] The company offered home Internet service through a 4G LTE Broadband Router with Voice that can connect up to 10 devices over Wi-Fi as well as home phone service.[27] This service and device have since been discontinued.[28]

References

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  1. ↑ "Verizon Fact Sheet" (PDF). Retrieved July 26, 2020.
  2. ↑ "CBS MarketWatch profile, Verizon Communications Inc". Marketwatch.com. Archived from the original on October 31, 2011. Retrieved June 13, 2013.
  3. ↑ https://www.nytimes.com/2014/06/30/nyregion/verizon-to-return-to-its-former-midtown-tower-but-on-a-smaller-scale.html"
  4. ↑ "Verizon Communications Inc. (VZ) Income Statement". NASDAQ.com. Archived from the original on March 11, 2018. Retrieved March 10, 2018.
  5. ↑ "Verizon Communications Inc. (VZ) Balance Sheet". NASDAQ.com. Archived from the original on March 11, 2018. Retrieved March 10, 2018.
  6. ↑ "Who We Are". www.verizon.com. Verizon. August 16, 2016. Archived from the original on March 11, 2018. Retrieved March 10, 2018.
  7. ↑ "Verizon realigns organization structure to optimize growth opportunities in 5G era". Archived from the original on January 14, 2021. Retrieved March 2, 2022.
  8. ↑ "Oath is now Verizon Media". January 7, 2019. Archived from the original on January 10, 2019. Retrieved January 27, 2019.
  9. ↑ "Verizon Communications Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 9, 2024.
  10. ↑ "About Verizon Wireless: Facts-at-a-Glance". Archived from the original on 2012-03-27. Retrieved 2012-12-07.
  11. ↑ "Verizon to buy Yahoo for $4.83 billion, merge it with AOL". CNET. 2016-07-25. Retrieved 2018-03-18.
  12. ↑ Heater, Brian (2017-04-03). "Yahoo + AOL = Oath, for some reason". TechCrunch. Retrieved 2018-03-18.
  13. ↑ Isidore, Chris (2004-04-01). "Dow Jones industrial average gets first overhaul since 1999". CNN Money. Archived from the original on 2014-03-18. Retrieved 2018-03-18.
  14. ↑ "Profile: Verizon Communications Inc". Reuters. Archived from the original on July 13, 2020. Retrieved February 4, 2016.
  15. ↑ "Verizon launches its first 4G LTE basic phone". SlashGear. June 16, 2017. Archived from the original on October 28, 2020. Retrieved December 13, 2019.
  16. ↑ Albanesius, Chloe (August 7, 2015). "New Verizon plans ditch phone subsidies, contracts". PC Magazine. Archived from the original on May 12, 2016. Retrieved February 4, 2016.
  17. ↑ Cheng, Roger (August 7, 2015). "Verizon kills off service contracts, smartphone subsidies". CNET. Archived from the original on December 23, 2020. Retrieved February 4, 2016.
  18. ↑ Spangler, Todd (2019-10-22). "Verizon Will Give One Year of Disney Plus for Free to All Unlimited Wireless Customers". Variety. Retrieved 2026-02-06.
  19. ↑ Hayes, Dade (2020-08-17). "Verizon And Disney Expand Partnership, Giving Some Wireless Customers Free Disney+, Hulu, ESPN+". Deadline. Retrieved 2026-02-06.
  20. ↑ Kellen (2023-05-16). "Verizon's New myPlan Launches Without the Freebies Like Disney+". Retrieved 2026-02-06.
  21. ↑ Spangler, Todd (2022-12-14). "Verizon Wireless Customers Can Get Netflix's Top Tier Free for One Year — but There's a Catch". Variety. Retrieved 2026-02-06.
  22. ↑ Fletcher, Bevin (2023-06-01). "Verizon +play bundles Netflix and Paramount+ with Showtime for $26 per month | StreamTV Insider". www.streamtvinsider.com. Retrieved 2026-02-06.
  23. ↑ "Verizon to focus on MyPlus perks by closing Plus-Play marketplace". TheDesk.net. 2025-06-18. Retrieved 2026-02-06.
  24. ↑ Kellen (2025-07-31). "Verizon Removes Free Apple Arcade and Google Play Pass Perk From Plans". Retrieved 2026-02-06.
  25. ↑ Knutson, Ryan (April 24, 2014). "Verizon Wireless gets a boost from home phones — yes, home phones". The Wall Street Journal. Archived from the original on April 17, 2020. Retrieved February 4, 2016.
  26. ↑ "Verizon Jetpack FAQs - Mobile Hotspot". www.verizonmobile.com. Archived from the original on June 14, 2020. Retrieved February 24, 2020.
  27. ↑ Cheng, Roger (September 25, 2013). "Verizon Wireless nudges into home phone, broadband biz". CNET. Archived from the original on January 7, 2021. Retrieved February 4, 2016.
  28. ↑ "Verizon LTE Internet and Home Phone". Verizon Wireless. Archived from the original on April 17, 2020. Retrieved February 4, 2020.


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