Verizon Communications
Telecom Services
Wireless services account for about 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 93 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast, which reach about 30 million homes and businesses and serve about 8 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, often using a mixture of its own and other carriers' networks. Verizon agreed to acquire Frontier Communications in September 2024.

$167.5B

Market Cap • 12/24/2024

1983

(41 years)
Founded

1984

(40 years ago)
IPO

NYSE

Listing Exchange
Flag of US

New York

Headquarters • New York

S&P500 Participant

Index Composite • 2024

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