Verizon

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

Verizon Communications Inc. (NYSE: VZ), 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. In 2017, both AOL and Yahoo! were part of a subsidiary created by Verizon called Oath Inc.

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.

Verizon Consumer

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

Wireless phone services

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

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. 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.

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.

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.

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

Wireless home phone

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.

Mobile broadband and Wi-Fi

Verizon Mobile network, branded as Jetpack. 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. This service and device have since been discontinued.

References

  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.