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Verizon Communications, Inc. (VZ)

Stock Price: $55.88 USD -0.07 (-0.13%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
After-hours: $55.85 -0.03 (-0.05%) Jul 23, 7:59 PM
Verizon Communications, Inc.
Country United States
Founded 1983
Industry Telecom Services
Sector Communication Services
Employees 129,300
CEO Hans Vestberg

Contact Details

Address:1095 Avenue of the Americas
New York, New York 10036-6797
United States
Phone 212 395 1000

Stock Information

Ticker Symbol VZ
Exchange NYSE
Fiscal Year January - December
Reporting Currency US Dollars
CIK Code 0000732712
CUSIP Number 077853109
ISIN Number US92343V1044
Employer ID 23-2259884

Company Description

Verizon Communications Inc. offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide.

Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices, such as smart watches.

It also provides residential fixed connectivity solutions, including internet, video, and voice services; and sells network access to mobile virtual network operators.

As of December 31, 2020, it had approximately 94 million wireless retail connections, 7 million broadband connections, and 4 million Fios video connections.

The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions.

This segment also offers a suite of management and data security services; domestic and global voice and data solutions, including voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services.

As of December 31, 2020, it had approximately 27 million wireless retail postpaid connections and 482 thousand broadband connections. Verizon Communications Inc. has a strategic partnership with Mastercard Incorporated.

The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

Key Executives

Hans E. VestbergChairman and Chief Executive Officer
Matthew D. EllisExecutive Vice President and Chief Financial Officer
Tamara A. ErwinExecutive Vice President and Chief Executive Officer of Verizon Business
Ronan J. DunneExecutive Vice President and Group Chief Executive Officer of Verizon Consumer Group
K. Guru GowrappanExecutive Vice President and Group Chief Executive Officer of Verizon Media
Kyle MaladyExecutive Vice President and Chief Technology Officer
Craig L. SillimanExecutive Vice President and Chief Administrative, Legal and Public Policy Officer
Brady ConnorSenior Vice President of Investor Relations
James J. GeraceSenior Vice President and Chief Communications Officer
Diego ScottiExecutive Vice President and Chief Marketing Officer