About the Company
Verizon Communications Inc., commonly known as Verizon (), is an American multinational telecommunications conglomerate. The company is incorporated in Delaware, and headquartered at 1095 Avenue of the Americas in Midtown Manhattan, New York City. Verizon's capital stock is a component of the Dow Jones Industrial Average. It is the world's second-largest telecommunications company by revenue. The company was formed in 1984 as Bell Atlantic as a result of the breakup of the Bell System into seven companies, each a Regional Bell Operating Company (RBOC), commonly referred to as "Baby Bells." The company was originally headquartered in Philadelphia and operated in the states of New Jersey and Virginia. 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 second-largest wireless carrier in the United States, with 144.8 million subscribers as of December 31, 2023. It also sells accessories and gear for mobiles and PCs.
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Latest $VZ News
Will Modest Top-Line Growth Buoy Verizon's (VZ) Q1 Earnings?
Verizon (VZ) is expected to have recorded higher aggregate revenues year over year in first-quarter 2024 owing to a healthy ...
Verizon a Safe Stock in a Dangerous Market
The stock market has become unsettling. High interest rates will not go away because inflation will not go away. Oil prices ...
Verizon (VZ) Expands Fleet Management Operations in Europe
Verizon Communications Inc. VZ is poised to augment its position as a premier fleet management provider with the expansion of ...
Verizon Communications Inc VZ
We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...
Verizon stands ready to respond during severe weather season and beyond
Verizon’s networks are primed Verizon's extreme network is built with industry leading resiliency and reliability to withstand severe weather. In preparation for severe weather events: ...
Verizon: A High Margin Of Safety Investment With A 6.3% Yield
Verizon Communications is a reliable choice for retirees, with a 6% yield and potential dividend growth in 2024. See why we ...
What Recent Market Trends Mean for Verizon Communications Inc’s (VZ) Stock
Verizon Communications Inc (NYSE: VZ) has a price-to-earnings ratio of 14.41x that is above its average ratio. Additionally, the 36-month beta value for VZ is 0.40. There are mixed opinions on the ...
Verizon’s newest exclusive streaming deal offers six months of the Disney Bundle, on us
NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Streaming lovers get amazing savings when they’re on Verizon. Starting April 18, new AND existing Verizon myPlan customers can unlock even more savings ...
Verizon Communications Inc. (VZ)
Verizon (VZ) is expected to have recorded higher aggregate revenues year over year in first-quarter 2024 owing to a healthy momentum in the core wireless business despite a challenging ...
VZ Verizon Communications Inc.
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