About Verizon
Verizon is a company based in New York (United States) founded in 1983.. The company has 99,600 employees as of December 31, 2024. Verizon has completed 34 acquisitions, including AOL, BioGaming and BlueJeans Network. Verizon operates in a competitive market with competitors including Jio, MTN, Airtel, Proximus Group and AT&T, among others.
- Headquarter New York, United States
- Employees 99600 as on 31 Dec, 2024
- Stage Public
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Sectors
Telecommunications
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Verizon Communications Inc.
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Annual Revenue
$134.79 B0.61as on Dec 31, 2024
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Net Profit
$17.51 B50.73as on Dec 31, 2024
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EBITDA
$48.5 B4.39as on Dec 31, 2024
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Latest Funding Round
$11.5 M (USD), Grant
Sep 22, 2022
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Investors
New York State
& 3 more
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Employee Count
99600
as on Dec 31, 2024
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Investments & Acquisitions
AOL
& 33 more
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IPO & Listings of Verizon
Verizon is a publicly listed company on the NYSE with ticker symbol VZ in USA, operating in the Communications sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Leadership Team
249 people
Software Development Team
188 people
Sales and Marketing
130 people
Senior Team
49 people
Data Analysis and Operations Team
48 people
Product Management Team
45 people
Operations Team
44 people
Finance and Accounting
28 people
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Funding Insights of Verizon
- Total Funding Total Funding
- Total Rounds 8
- Last Round Grant — $11.5M
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First Round
First Round
(09 Feb 2006)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Grant - Verizon | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Verizon | Valuation |
investors |
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| Feb, 2019 | Amount | Debt – Conventional - Verizon | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Verizon
Verizon has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include New York State, Berkshire Hathaway and European Union. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Military forces are provided by the U.S. Department of Defense for national security.
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Founded Year | Domain | Location | |
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Provider of multinational conglomerate services
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Founded Year | Domain | Location | |
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Provides the information about government agencies in New York
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Verizon
Verizon has strategically engaged in corporate development activities, having acquired 34 companies. Notable acquisitions include AOL, BioGaming and BlueJeans Network. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Urban smart hubs are developed for public spaces in cities.
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2014 | ||||
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Machine learning based analytics of threat intelligence feed & enterprise logs
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2014 | ||||
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High-speed internet services are provided by Starry Internet.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Verizon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Verizon Comparisons
Competitors of Verizon
Verizon operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Jio, MTN, Airtel, Proximus Group and AT&T, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of telecommunication services
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| domain | founded_year | HQ Location |
MTN Group is recognized as a leading telecommunications provider in Africa.
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| domain | founded_year | HQ Location |
Airtel is recognized as a provider of telecommunications and internet services.
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| domain | founded_year | HQ Location |
Telephony, internet, television, and network-based ICT services are provided.
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| domain | founded_year | HQ Location |
Mobile internet, TV, and telecommunication services are provided.
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| domain | founded_year | HQ Location |
Mobile internet services are provided for homes and offices.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Verizon
Frequently Asked Questions about Verizon
When was Verizon founded?
Verizon was founded in 1983 and raised its 1st funding round 23 years after it was founded.
Where is Verizon located?
Verizon is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Verizon?
Hans Vestberg is the current CEO of Verizon.
How many employees does Verizon have?
As of Dec 31, 2024, the latest employee count at Verizon is 99,600.
What is the annual revenue of Verizon?
Annual revenue of Verizon is $134.79B as on Dec 31, 2024.
What does Verizon do?
Verizon Communications Inc. delivers broadband and other wireline and wireless communication innovations to mass market, business, government, and wholesale customers. As of September 2014, Verizon Wireless operates as Americas largest wireless network provider. Verizons Wireline operations include Verizon Business and Verizon Telecom, which brings customers converged communications, information and entertainment services over Verizons fibre-optic network. Verizon Communications Inc., headquartered in New York, is a Dow 30 company employing a diverse workforce of more than 180,000 dedicated employees around the globe. In 2022, the company recorded annual revenues of 136.19B and a net profit of 21.59B.
Who are the top competitors of Verizon?
Verizon's top competitors include MTN, Proximus Group and AT&T.
Is Verizon publicly traded?
Yes, Verizon is publicly traded on NYSE under the ticker symbol VZ.
How many acquisitions has Verizon made?
Verizon has made 34 acquisitions, including AOL, BioGaming, and BlueJeans Network.
Who are Verizon's investors?
Verizon has 4 investors. Key investors include New York State, Berkshire Hathaway, European Union, and U.S. Department of Defense.
What is Verizon's ticker symbol?
The ticker symbol of Verizon is VZ on NYSE.
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