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5.0
Verizon Communications Inc. is one of the world’s largest telecommunications service providers, founded in 2000 following the merger of Bell Atlantic Corp. and GTE Corp.
Since then, the company has established itself as a leader in connectivity solutions, with a strong focus on expanding mobile and broadband networks.
Verizon's operations are organized into two main segments:
• Verizon Consumer Group, which offers mobile phone services, fiber-optic internet (Fios), and pay-TV to individual consumers.
• Verizon Business Group, which serves enterprises by providing Internet of Things (IoT) solutions, cloud computing, cybersecurity, and 5G technologies across various industries.
The company’s operations are primarily concentrated in the United States, with international presence supported through strategic partnerships.
Its robust infrastructure includes transmission towers, data centers, and fiber-optic networks, enabling continuous investment in the expansion of its 5G network and sustaining its competitiveness against rivals such as AT&T and T-Mobile.
Verizon is focused on growing its presence in enterprise solutions and emerging technologies, positioning itself as a reference in telecommunications innovation.
The company’s shares are traded on the NASDAQ under the ticker VZ.
History and Founding of Verizon Communications Inc.
Verizon Communications Inc. was established in 2000 as a result of the merger between Bell Atlantic Corp. and GTE Corp., aiming to create a major player in the telecommunications industry. From the outset, the company stood out for expanding its mobile and broadband internet services.
In 2006, Verizon launched its fiber-optic internet service, delivering high-speed connectivity to consumers and strengthening its market position. Beginning in 2015, it diversified its operations with the USD 4.4 billion acquisition of AOL, expanding into the digital media segment.
In 2017, the company acquired Yahoo! for USD 4.48 billion, combining both assets into Verizon Media, which was later sold in 2021 to Apollo Global Management, allowing Verizon to refocus on its core telecommunications business.
In recent years, the company has accelerated its investments in the expansion of the 5G Ultra Wideband network, forming strategic partnerships to integrate this technology into enterprise solutions and drive digital transformation across industries.
Verizon has also reinforced its commitment to sustainability by investing in renewable energy and carbon emission reduction initiatives.
With a track record defined by innovation, strategic acquisitions, and infrastructure expansion, Verizon has solidified its position as one of the world’s largest telecommunications companies, maintaining a clear focus on advancing connectivity and developing future-ready technology solutions.
Additional Information
The Company Verizon Communications Inc. (United States), is listed on Nasdaq with a market cap of $ 174.32 Billions, having an equity of $ 106.35 Billions.
With a total of 132.200 employees, the company is listed in the sector of Services and categorized in industry of Communications Services.
In the last 12 months the Company had a revenue of $ 137.49 Billions, which generated a profit in the amount of $ 19.84 Billions.
As for its main indicators, the Company has a P/E ratio of 8.79, a P/BV ratio of 1.64 and in the last 12 months the dividend yield of VZ was at 6.60%.
The Company is traded internationally through the ticker VZ.
