Verizon

What Verizon does

Verizon Communications Inc. (NYSE: VZ) is a US-headquartered broadband and telecommunications operator serving 146.9 million wireless subscribers and ~16.8 million broadband connections across a fiber footprint that exceeds 30 million homes and businesses following the January 2026 Frontier Communications acquisition. The company's core technology combines 5G Ultra Wideband (mmWave) for premium wireless, Fios fiber-to-the-home and 5G Home Internet for residential broadband, Multi-Access Edge Compute (MEC), Private 5G delivered internationally through Ericsson, and a software-defined network augmented by Anthropic Claude Code deployed across the 33,000-person technology team for closed-loop automation targeting Level 4 autonomy.

Verizon's revenue model is anchored by recurring monthly wireless subscriptions across Simplicity ($30/$45), legacy Unlimited tiers, Verizon Prepaid, TracFone, and Visible, plus device sales and financing, converged mobile+home bundles (Verizon One at $70/month), enterprise managed services through Verizon Business, and resale of premium content (Disney+/Hulu/ESPN+). Distribution spans verizon.com, branded retail stores, dedicated enterprise field sales, SMB and wholesale channels, partner/reseller programs, and embedded OEM partnerships (Ericsson Private 5G, Dell rugged devices, Bigleaf/CSG Multipath Broadband with Starlink).

The company operates in consumer (postpaid/prepaid wireless and home internet), enterprise (Verizon Business, Connect, Ventures), government and public sector (DoD private 5G in Hawaii, Maryland broadband expansion), education (Verizon Innovative Learning), and discount-eligible segments (military, first responders, nurses, teachers, students). Under new CEO Dan Schulman, Verizon is executing a customer-retention and convergence strategy anchored by Simplicity, Verizon One, the Verizon Dollars/Shine loyalty platform, and aggressive AI-driven network automation, while maintaining a 6% dividend yield supported by ~$19.9-21.5B in free cash flow and a $164-172.5B net debt load following Frontier.

Name

Verizon

Legal name

Verizon Communications, Inc.

Website

https://verizon.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Verizon Communications (NYSE: VZ) is a US broadband and telecom operator serving 146.9M wireless subscribers and ~16.8M broadband connections, offering consumer wireless, Fios/5G home internet, and enterprise managed services including Private 5G and edge compute across a network spanning 30M+ fiber locations.

Ownership category

akta.pro rank

Product category

Wireless Telecommunications Services

NAICS

Wireless Telecommunications Carriers (except Satellite) (517112), Wired Telecommunications Carriers (517111)

SIC

Computer Communications Equipment (3576), Telephone Communications (No Radiotelephone) (4813)

akta.pro primary industry

Private LTE/5G Network Operators & Managed Services (HDAIAGAA)

akta.pro secondary industry

Wireless Networking Services (Wi‑Fi, Private LTE/5G) (BPAEAEAE)

Keywords

• Wireless telecommunications services
• Broadband internet services
• Private 5G networks
• Managed enterprise networking
• Mobile and home convergence

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Personnel, Others

Revenue model

1. Wireless Service Subscriptions: Recurring monthly postpaid and prepaid wireless service plans (Simplicity $30/$45, Unlimited Ultimate, Unlimited Plus, Unlimited Welcome) plus multi-line and autopay discounts; plus Home Internet ($35/month with Auto Pay) and converged mobile+home bundles (Verizon One $70/month). Q1 2026 wireless revenue contributed to total revenue of $34.4 billion.
2. Device Sales & Financing: Smartphones, tablets, watches, hotspots, basic phones, certified pre-owned, and accessories sold directly or via device payment/financing plans with multi-month upgrade cycles (e.g., 36-month Flex Upgrade).
3. Activation, Upgrade & Service Fees: Historically $40 activation and upgrade fees on postpaid lines; Verizon eliminated these fees for loyalty-program-enrolled customers starting July 2026 as part of its customer retention overhaul.
4. Enterprise & Wholesale Managed Services: Verizon Business, Public Sector, Wholesale, Managed Security, Verizon Connect (fleet), and Verizon Ventures serve enterprise/government clients with private 5G, MEC, IoT, and managed network services.
5. Advertising & Insights Programs: Optional programs disclosed in Verizon Privacy Policy that allow Verizon and third parties to show personalized advertisements, develop insights from de-identified customer information, and report on aggregate behaviors.
6. Premium Content Bundle Resale (Disney+, Hulu, ESPN+): Verizon resells the Disney+, Hulu, ESPN+ (With Ads) streaming bundle as a $10/month perk added to myPlan or myHome for eligible Unlimited and Home Internet customers.

Pricing tiers

Go-to-market motion1 record

Distribution channels9 records

Core offering

Verizon is a major U.S. broadband and telecommunications company that delivers wireless voice, text and data services over its 5G Ultra Wideband network, residential and small-business broadband through Fios fiber and 5G Home Internet, and a large enterprise/government portfolio spanning private 5G, Multi-Access Edge Compute (MEC), managed security, IoT, and public-safety networks (Verizon Frontline). Its 2026 consumer lineup centers on the Simplicity Plan ($30-$45/month), Verizon One converged mobile+home bundle ($70/month), and the Verizon Shine/Verizon Dollars loyalty program, while devices, accessories and Fios TV are sold directly or financed.

Product overview

Verizon operates a multi-product communications platform combining a consumer wireless core (the new Simplicity Plan plus legacy Unlimited plans and Verizon Prepaid), a Fios/5G Home Internet and Fios TV home-services portfolio, and an enterprise portfolio anchored by Verizon Business (which delivers Ericsson-powered Private 5G internationally, Multi-Access Edge Compute, IoT, and Managed Security). Layered on top are loyalty, rewards, and bundling products — Verizon Shine, Verizon Dollars, Verizon One (mobile + home bundle), the Disney+/Hulu/ESPN+ perk, the Verizon Visa Card, and the myAccess rewards program — plus a family of apps and connected devices (Verizon Family, Care Smart, Gizmo/GizmoHub, Verizon Cloud, Wild and Seek). Network-level capabilities (Frontline/public safety, Network Disaster Resilience, WatchTower AI) and forward-looking R&D (Innovation Labs, Verizon Ventures, Verizon Innovative Learning) complete the offering.

Differentiator

Problem solved

Functional benefit

Brands

• Verizon Wireless: Wireless phone, tablet and connected device services brand (the historic Verizon Wireless division)
• Fios
• TracFone
• Verizon Prepaid
• Verizon Business
• Verizon One
• Verizon Shine
• Simplicity Plan (Verizon Simplicity)
• myPlan / myHome
• Verizon Visa Card
• LF Networking (board representation)
• Verizon Connect
• Verizon Ventures
• Verizon Cloud
• Verizon Family
• Care Smart
• Gizmo / GizmoHub
• Frontier Communications
• Visible
• Hum
• Verizon Forward

Products and services

• Simplicity Plan Flat-rate unlimited 5G Ultra Wideband postpaid wireless plan for individual consumers, priced at $30/month for switchers with AutoPay and $45/month for existing customers; includes unlimited talk/text/data, 10GB premium hotspot, satellite texting, Canada/Mexico roaming, and access to Verizon Dollars and Verizon Shine rewards.
• Verizon One Converged mobile and home-internet bundle for new residential customers, starting at $70/month with taxes and fees included on a single bill, combining a Verizon mobile line and Fios home internet service.
• Fios Home Internet Verizon's flagship fiber-to-the-home internet service for residential customers, including Fios Home Internet, Home Internet Lite, and Wi-Fi Backup variants, starting at $35/month with Auto Pay and Mobile + Home Discount for eligible mobile customers.
• 5G Home Internet Fixed Wireless Access home broadband delivered over Verizon's 5G Ultra Wideband network, offered as a residential alternative to Fios for customers in 5G coverage areas, including Home Internet Lite and Wi-Fi Backup variants.
• Verizon Prepaid No-contract prepaid wireless service from Verizon covering phones, smartwatches, tablets, hotspots/routers, and international plans, with prepaid-focused deals and perks.
• Verizon Business / Enterprise Solutions Verizon's B2B portfolio for small, medium, enterprise, and public-sector customers, spanning wireless, networking, security, managed services, and distribution of Ericsson Private 5G internationally with Dell rugged-device fleet integrations.
• Multi-Access Edge Compute (MEC) Verizon's edge-compute platform integrated with its 5G network, supporting ultra-low-latency enterprise and developer workloads for Verizon Business customers.
• Verizon Private 5G (with Ericsson) Private cellular network service for enterprises and public-sector customers, delivered on Ericsson's Private 5G dual-mode 4G/5G platform through Verizon Business, used at U.S. military bases for aviation-maintenance testing and now available internationally to multinational enterprise campuses.
• Internet of Things (IoT) Verizon's IoT connectivity and platform offering spanning connected cars, wearables, and industrial sensors, sold to enterprise and public-sector customers.
• Managed Security Verizon's managed cybersecurity services portfolio for enterprise and government customers, leveraging Verizon's DBIR threat intelligence and the Project Glasswing / Anthropic Claude AI cybersecurity partnership.
• Verizon Connect (Fleet Management) Fleet management and telematics service acquired via the FleetMatics acquisition, providing connected-vehicle and fleet-tracking solutions under the Verizon Business portfolio.
• Verizon Visa Card Verizon co-branded Visa credit card product that lets cardholders earn dollars redeemable toward Verizon billing and other perks.
• Fios TV Verizon's fiber-delivered residential pay-TV offering available to Fios customers alongside Fios Home Internet and Home Phone.
• Home Phone Verizon residential home-phone voice service offered to Fios and wireline customers as part of the home internet & TV bundle.
• Verizon Shine (Loyalty Program) Weekly loyalty program for Verizon postpaid unlimited subscribers offering daily deals, weekly wins, freebies, and sweepstakes experiences such as breakfast with David Beckham at the 2026 FIFA World Cup.
• Verizon Dollars Cash-back credit currency for Verizon customers, accruing at 3% of the customer's monthly bill (taxes excluded), valid for 12 months, redeemable at approximately 40 partner brands including Sephora, Roblox, Hilton, Marriott, and Starbucks.
• Disney+, Hulu, ESPN+ (With Ads) perk Streaming bundle perk resold by Verizon to eligible Simplicity, Unlimited Ultimate, Unlimited Plus, Unlimited Welcome, and Welcome Unlimited postpaid plan customers, plus Verizon Home Internet customers, saving $10/month versus the standard Verizon subscriber rate for Disney+ (With Ads), Hulu (With Ads), and ESPN+ (With Ads).
• Verizon Family Mobile app and service that lets family members locate each other's devices and provides parental controls, Roadside Assistance, and 24/7 Assist professional monitoring with fall-detection for compatible smartwatches.
• Care Smart Verizon mobile app that locates and monitors compatible smartwatches (Verizon Care Smartwatch and select Android/Apple wearables), offering Caregiver Alert Service and Professional Monitoring Service via Viiz Communications with fall-detection and an SOS Get Help button.
• Gizmo / GizmoHub Gizmo wearables for kids and the GizmoHub companion app enable parents to monitor usage, locate wearables, make calls/texts, and surface medical/emergency contact info when the SOS button is pressed; integrates with Verizon Family.
• Verizon Cloud Mobile app providing cloud storage and backup for phones, tablets, and laptops, with optional Tag & Search facial-recognition photo organization.
• Verizon Frontline (Public Safety Network) Verizon's public-safety communications offering for first responders and government agencies, used with AST SpaceMobile's direct-to-device satellite service via 700/800 MHz spectrum and FirstNet for priority emergency communications.
• Verizon Wholesale Services Verizon's wholesale channel selling network services, spectrum, and carrier infrastructure to other carriers and resellers.

Named customers5 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability10 records

Feature7 records

Partnerships

16 partnerships are on record, tiered flagship, core and minor.

• AnthropicflagshipTechnology or Integration · 24 June 2026Verizon deployed Anthropic's Claude Code agentic coding tool to its entire 33,000-person technology team and joined Project Glasswing, an Anthropic-managed cybersecurity initiative using the Claude Mythos Preview AI model to identify software and OS vulnerabilities. Verizon reported making over 70 million autonomous network configuration changes last year.
• Dell TechnologiescoreOEM/ Whitelabel/ Licensing Partner · 24 June 2026Dell Technologies and Verizon Business co-developed and announced a new self-service portal, Dell Device Management Console, enabling real-time activation of Verizon plans across Dell Pro Rugged device fleets for field workers in energy, agriculture, public safety, and coastal operations.
• Carolina West Wireless (CCW)minorChannel Partner/ Reseller/ Distributor · 24 June 2026Regional carrier Carolina West Wireless sold its wireless network assets to Verizon and will discontinue all wireless services by September 30, 2026 after 35 years of serving rural North Carolina. CCW had ~70,000 subscribers across postpaid, prepaid (Bark Mobile), and Clearstream FWA services.
• Tim Howard (former USMNT goalkeeper)minorGTM or Marketing Partner · 20 June 2026Verizon partnered with Tim Howard on FIFA World Cup 2026 initiatives including ticket drops and a rewards platform offering exclusive experiences to customers.
• US Cellular (Array Digital Infrastructure spectrum sale)coreTechnology or Integration · 18 June 2026Array Digital Infrastructure sold $1 billion of spectrum licenses to Verizon (with T-Mobile acquiring $168 million) as part of a $1.17 billion total spectrum transaction, subsequently FCC-approved to expand Verizon's network coverage and capacity.
• Linux Foundation Networking (LF Networking)minorStrategic or Co-development Partner · 17 June 2026Verizon VP Praveen Atreya was appointed chairperson of the Linux Foundation's Networking division governing board, with Qualcomm's Douglas Knisley as vice-chair, reflecting growing telecom operator influence in open-source networking standards.
• Bigleaf Networks + CSG (Connected Solutions Group)coreChannel Partner/ Reseller/ Distributor · 16 June 2026Bigleaf Networks and CSG launched Multipath Broadband, a managed hybrid connectivity solution bundling Verizon 5G Fixed Wireless Access and Starlink with Bigleaf's intelligent network performance platform. Both connections stay active simultaneously for capacity, resiliency, and performance optimization.
• EricssonflagshipStrategic or Co-development Partner · 15 June 2026Ericsson Private 5G is now available through Verizon Business for international deployments, enabling multinational enterprises to extend the same private 5G solution they use in the US to international campuses. The dual-mode 4G/5G network supports manufacturing, healthcare, energy, industrial IoT, AI analytics, warehouse automation, AR, and autonomous robotics use cases.
• Google + AT&T + T-Mobile (FBI Operation Ghost Hook)coreStrategic or Co-development Partner · 12 June 2026Verizon is one of three major US carriers coordinating with Google and the FBI under 'Operation Ghost Hook' to disrupt a Chinese phishing-as-a-service operation called Outsider Enterprise. The carrier works on network-level filtering to block scam text messages and is endorsing seven bipartisan anti-fraud bills.
• Frontier CommunicationsflagshipStrategic or Co-development Partner · 20 January 2026Verizon completed its acquisition of Frontier Communications on January 20, 2026, expanding its fiber footprint to over 30 million homes and businesses. Fiber broadband connections grew 41.9% YoY to 10.8 million. Verizon had paid down about half of Frontier's debt and plans to retire substantially all of it by year-end.
• Disney+ / Hulu / ESPN+ (The Walt Disney Company)coreGTM or Marketing Partner · 1 January 2026Verizon resells Disney+, Hulu, ESPN+ (With Ads) bundle as a $10/month perk savings ($9.99/mo) added to myPlan or myHome for eligible Simplicity, Unlimited Ultimate/Plus/Welcome, and Verizon Home Internet customers.
• Starbucks, Sephora, Hilton, Marriott, Roblox (Verizon Dollars redemption partners)coreGTM or Marketing Partner · 1 January 2026Verizon Dollars earned via the Verizon Loyalty program (3% back on monthly bill) are redeemable across approximately 40 partner brands including Starbucks, Sephora, Hilton, Marriott, and Roblox, plus device purchases, with plans to expand further.
• AST SpaceMobileflagshipStrategic or Co-development Partner · 29 October 2025AST SpaceMobile received FCC approval to provide direct-to-device satellite services using 700 MHz and 800 MHz spectrum through partnerships with AT&T, Verizon, and FirstNet. Verizon-licensed spectrum supports Block 2 BlueBird satellites delivering peak data speeds of nearly 200 Mbps to standard unmodified smartphones, targeting initial commercial service in H1 2027.
• Starry Internet (acquisition)coreStrategic or Co-development Partner · 29 October 2025Verizon announced the acquisition of Starry Internet, which aims to enhance Verizon's fixed wireless access capabilities by leveraging Starry's mmWave infrastructure as Verizon seeks to expand its FWA customer base and address network capacity issues.
• Maryland Department of Housing and Community DevelopmentminorGTM or Marketing Partner · 8 July 2024Maryland awarded nearly $2 million to Verizon to establish broadband internet on Smith Island, aiming to connect over 200 households and businesses and bridge the digital divide for educational, healthcare, and economic opportunities.
• Ericsson (DoD Private 5G)coreTechnology or Integration · 17 September 2022Verizon received $11.5 million from the US Department of Defense to develop a private 5G network at a military base in Hawaii for testing aviation maintenance applications. Ericsson is the named partner in this deployment, with potential for broader deployment at other bases.

Scale indicators15 records

Recent moves6 records

Expansion highlights8 records

Direct peers

• AT&T: AT&T is one of three nationwide US MNOs with overlapping wireless, fiber broadband (AT&T Fiber), and converged mobile+home offerings (AT&T Internet Air, AT&T Phone + Internet bundle). It competes head-to-head against Verizon in postpaid wireless, 5G coverage, fiber footprint expansion, and enterprise services, making it the closest direct comparable.
• T-Mobile US: T-Mobile US is the third nationwide US MNO and Verizon's primary competitor in postpaid wireless. It won 12 of 16 Opensignal categories, competes directly on price/promotion (T-Mobile Tuesdays loyalty), and is the principal driver of Verizon's churn and pricing pressure.

Broad incumbents

• Comcast: Comcast (Xfinity) is the largest US cable broadband and pay-TV operator and a direct competitor to Verizon's Fios broadband and Verizon One converged bundle. Comcast launched its own wireless service (Xfinity Mobile) on Verizon's network, creating a hybrid competitor-customer relationship and a convergence rival.
• Charter Communications: Charter (Spectrum) is the #2 US cable broadband operator and a direct competitor in residential broadband and emerging mobile convergence (Spectrum Mobile). It competes with Verizon Fios in overlapping geographies and represents the cable-side convergence threat Verizon One is designed to counter.
• Deutsche Telekom: Deutsche Telekom is the majority owner of T-Mobile US and one of the world's largest telecom operators, with overlapping strategy around convergence (MagentaMobil/MagentaZuhause), 5G leadership, and fiber expansion. Comparable as a global telecom incumbent with similar wireless + broadband + convergence profile.
• BT Group: BT Group is the UK's incumbent telecom operator offering converged mobile (EE) + fiber broadband + pay-TV under a single brand. Comparable as a mature, dividend-paying telecom with similar convergence, network automation, and fiber-build themes facing competitive pressure from cable and alt-nets.
• Vodafone Group: Vodafone is a global telecom operator with wireless and broadband across Europe and Africa. Comparable to Verizon Business in enterprise/government services and Private 5G ambitions; comparable at the group level for dividend yield, capex intensity, and converged-service strategy.

Emerging players

• EchoStar (Dish Network): EchoStar (formerly Dish) is building a greenfield 5G network (Boost Wireless) and holds significant spectrum. It is a competing wireless operator with overlapping spectrum holdings and is comparable as an emerging MNO competing for Verizon switchers and wholesale MVNO arrangements.

Regional players

• Lumen Technologies: Lumen is a US fiber and enterprise services operator with overlapping enterprise/managed-services and fiber footprint, though smaller and more leveraged than Verizon. Comparable as a US fiber and enterprise telecom peer though primarily a regional rather than nationwide consumer competitor.

Others

• Liberty Broadband: Liberty Broadband is a holding company with a significant stake in Charter Communications, making it a thematically related cable-convergence peer. Comparable as an investor in the cable-broadband convergence thesis that Verizon One is designed to compete against.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/verizon
• GitHubgithub.com/verizon/cve
• YouTubeyoutube.com/user/verizon
• Facebookfacebook.com/verizon
• LinkedInlinkedin.com/company/verizon
• Instagraminstagram.com/verizon
• TikToktiktok.com/@verizon

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Subsidiaries14 records

Funding overview

Funding rounds16 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A35 records

Investments32 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Verizon