Verizon

About Verizon Communications Inc.:

Verizon Communications Inc. is a leading American multinational telecommunications conglomerate headquartered in New York City. Established in 2000 through the merger of Bell Atlantic and GTE, Verizon has grown to become one of the largest telecommunications companies globally. The company’s name is a blend of the Latin word “veritas,” meaning truth, and “horizon,” signifying forward-looking vision.

Services Offered:

Verizon provides a comprehensive range of services tailored for both consumers and businesses:

• Wireless Services: Operating the largest wireless network in the United States, Verizon offers voice, data, and messaging services. As of December 31, 2024, the company boasts 146 million subscribers.

• Broadband and Fiber-Optic Services: Through its fiber-optic network, Verizon Fios, the company delivers high-speed internet, digital TV, and voice services to residential and business customers.

• Enterprise Solutions: Verizon caters to businesses with services such as corporate networking solutions, data center and cloud services, security and managed network services, and Internet of Things (IoT) products.

Network Infrastructure:

Verizon’s commitment to cutting-edge technology is evident in its expansive network infrastructure:

• 5G Deployment: The company has been at the forefront of 5G technology, with its 5G Ultra Wideband network covering over 250 million people as of September 30, 2024.

• Fiber Network: Verizon maintains over 1 million miles of global fiber, ensuring reliable and high-speed connectivity for its customers.

Financial Highlights:

In 2024, Verizon reported robust financial performance:

• Total Revenue: $134.8 billion

• Net Income: $17.95 billion

• Capital Expenditures: $17.1 billion

These figures underscore Verizon’s strong market position and its ongoing investments in network expansion and technological advancements.

Corporate Responsibility:

Verizon is dedicated to corporate responsibility, focusing on climate initiatives, digital inclusion, and human prosperity:

• Environmental Commitment: The company aims to achieve net-zero operational emissions by 2035 and plans to source renewable energy equivalent to 50% of its annual electricity usage by 2025 and 100% by 2030.

• Digital Inclusion: Verizon has set goals to provide 10 million youths with digital skills training and to support 1 million small businesses with resources to thrive in the digital economy by 2030.