Verizon Business
Verizon Business is the enterprise division of Verizon Communications (NYSE: VZ), delivering 5G, fiber, private networks, IoT, and edge-computing connectivity solutions to large enterprises, healthcare systems, sports venues, automotive OEMs, and a broad consumer base across the United States.
- Company typePublic
- Founded1983
- HeadquartersBasking Ridge, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Verizon Business does
Verizon Business is the enterprise division of Verizon Communications Inc. (NYSE: VZ), America's largest telecom company, headquartered in Basking Ridge, New Jersey with corporate offices in New York City. The division sells connectivity, networking, IoT, and edge-computing solutions to large enterprises, multinational IoT deployers, SMBs, and public-sector clients across healthcare, sports and entertainment, professional services, automotive, and government verticals. Named enterprise customers include Monumental Sports & Entertainment, Denver Broncos, KPMG, AdventHealth, Tampa General Hospital, Kodiak AI, and Aptiv, with channel partnerships extending reach through AWS, Aeris, and Inseego.
Its technology stack is built on 5G Ultra Wideband, Fios fiber-to-the-home, Multi-Access Edge Compute (MEC), and the ThingSpace IoT platform — proprietary assets that support products such as private 5G networks, neutral host in-building coverage, 100G dedicated optical rings, the Verizon Connected Driving Platform for V2X, and 5G network slicing. AI features (Custom Experience personalization, Voice ID biometrics, predictive network analytics, and fraud anomaly detection) are embedded across consumer and enterprise operations.
Verizon Business generates revenue primarily through recurring subscription contracts (Simplicity Plan at $30/line/month, Fios home internet starting at $35/month, multi-year enterprise managed-service agreements), usage-based IoT connectivity fees via ThingSpace, and device sales financed at 0% APR. Distribution combines direct enterprise field sales with consumer e-commerce through verizon.com and the My Verizon app, company-owned and converting-to-franchise retail stores, and channel partners including AWS, Aeris, and Inseego. As of late 2025, the division is operating within a broader corporate restructuring under new CEO Dan Schulman that includes approximately 15,000 job cuts and franchise conversion of ~200 retail stores.
Verizon Business firmographics
Firmographics- Name
- Verizon Business
- Legal name
- Verizon Communications, Inc.
- Website
- https://verizon.com
- Company type
- Public
- Founded year
- 1983
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Verizon Business is the enterprise division of Verizon Communications (NYSE: VZ), delivering 5G, fiber, private networks, IoT, and edge-computing connectivity solutions to large enterprises, healthcare systems, sports venues, automotive OEMs, and a broad consumer base across the United States.
- Ownership category
- akta.pro rank
Verizon Business industry classification
Industry- Product category
- Enterprise Telecommunications Services
- NAICS
- Wireless Telecommunications Carriers (except Satellite) (517112), Wired and Wireless Telecommunications Carriers (except Satellite) (51711), Wired Telecommunications Carriers (517111), All Other Telecommunications (5178)
- SIC
- Communications Services, Nec (4899), Telephone Communications (No Radiotelephone) (4813)
- akta.pro primary industry
- Private LTE/5G Network Operators & Managed Services (HDAIAGAA)
- akta.pro secondary industries
- Business/Enterprise Fixed Connectivity Providers (SME/Enterprise Broadband) (HDAIABAI), Edge-Integrated Private Connectivity (MEC + Private 5G/Wi‑Fi) (HDAIAGAE)
Keywords
Where Verizon Business is headquartered
LocationHeadquarters
- HQ city
- Basking Ridge
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
Verizon Business business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Consumer Mobile Services: Verizon generates recurring subscription revenue from consumer mobile plans, including the Simplicity Plan at $30/month per line after AutoPay and Switcher Discount. Revenue is driven by mobile plan subscriptions, device financing, and add-on services including streaming perks, satellite texting, and family safety apps.
- Home Internet and TV (Fios): Verizon offers Fios fiber internet and TV services, with home internet starting at $35/month with Auto Pay and Home Discount. This includes bundled voice, video, and data services for residential customers.
- Enterprise Network Solutions: Verizon Business provides enterprise-grade network services including 5G Business Internet FWA, dedicated optical rings (100G networks for MSE), neutral host networks, and private 5G deployments. Revenue is generated through multi-year contracts with enterprises, healthcare systems, sports organizations, and government entities.
- IoT Connectivity Services: Verizon's ThingSpace platform and IoTA services provide IoT connectivity management, eSIM provisioning, and analytics for multinational enterprises deploying IoT devices globally. Revenue is driven by per-device connectivity fees and platform management services.
- Loyalty Program and Financial Services: Verizon Loyalty program (Verizon Shine/Verizon Dollars) provides 3% cash back monthly, redeemed for purchases, gift cards, hotel and ticket rewards. The Verizon Visa Card generates interchange revenue and extends customer lifetime value.
- Device Sales and Financing: Verizon generates one-time and installment revenue from smartphone sales (Apple iPhone 17 from $829.99, Samsung Galaxy S26 Ultra from $1,299.99) and accessories, with 0% APR financing over 36 months.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Simplicity Plan - Consumer postpaid unlimited mobile plan |
| Freemium | Pay-as-you-go | Free 30-Day Trial - eSIM trial for network switching |
| Subscription | Monthly | Device financing - 0% APR installment plans |
| Subscription | Monthly | Fios Home Internet |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels6 records
Verizon Business product offering
Product offeringCore offering
Verizon Business sells wireless mobile plans (Simplicity Plan), Fios fiber-to-the-home internet and TV, and a portfolio of enterprise connectivity services including 5G Business Internet fixed wireless access, Private 5G and Neutral Host Networks, 100G dedicated optical networks, and the ThingSpace IoT connectivity management platform. The division also resells flagship smartphones (Apple, Samsung, Google) with device financing, and operates a customer loyalty program with the Verizon Visa Card. Enterprise deployments span healthcare (AdventHealth, Tampa General Hospital), professional services (KPMG), and sports venues (Monumental Sports, Denver Broncos).
Product overview
Verizon Business operates as a telecommunications and technology company offering a comprehensive portfolio of connectivity, cloud, IoT, and network solutions. The core offerings include the Simplicity Plan mobile service and Fios fiber internet as primary consumer/business services, supported by enterprise solutions such as 5G Business Internet (FWA), Neutral Host Networks, and Private 5G Networks. The company provides specialized vertical solutions including healthcare facility networks (AdventHealth, Tampa General Hospital partnerships), sports and entertainment venue infrastructure (Denver Broncos stadium, Monumental Sports networks), and corporate headquarters connectivity (KPMG). The IoT ecosystem centers on Verizon ThingSpace platform integrated with Aeris IoTA services for global device management. AI-powered features include Custom Experience personalization, Voice ID biometric authentication, and predictive network analytics. Device portfolio encompasses flagship smartphones from Apple, Samsung, and Google. The company also maintains strategic infrastructure partnerships with AWS for AI workload support and provides loyalty programs including Verizon Dollars rewards.
Differentiator
Problem solved
Functional benefit
Products and services
- Simplicity Plan
- Fios Home Internet
- Free 5G Trial
- 5G Business Internet
- Private 5G Networks Dedicated 5G network infrastructure for enterprise facilities providing secure, high-performance connectivity for industrial, healthcare, and venue environments. Deployed at AdventHealth and Tampa General Hospital in Florida to support increasing data needs, device density, and operational complexity.
- Neutral Host Network In-building cellular coverage solution providing seamless multi-operator connectivity throughout enterprise facilities. Deployed at KPMG's US headquarters in New York City and at healthcare and sports venues including Empower Field at Mile High.
- 100G Dedicated Optical Network High-capacity fiber optical network ring providing 100Gbps dedicated connectivity for enterprises, supporting broadcast, content creation, and remote production capabilities. Deployed for Monumental Sports & Entertainment to improve broadcast and content creation infrastructure for NHL and NBA seasons.
- Verizon ThingSpace IoT Platform IoT connectivity management platform enabling device activation, provisioning, billing, and analytics across multiple countries with support for the GSMA SGP.32 eSIM standard and 5G capabilities. Integrated with Aeris IoTA Inbound Services to help multinational enterprises manage and scale international IoT deployments.
- Verizon Loyalty Program
- Verizon Family Family monitoring and location sharing application that allows family members to locate each other's devices and provides parental control tools for managing children's device usage. Bundled with the Simplicity Plan at no additional charge.
- Verizon Visa Card
- Gizmo Watch 3
- Apple iPhone 17 Series
- Samsung Galaxy S26 Series
- Google Pixel 10 Series
- Verizon Cloud Cloud storage and backup service for mobile devices offering Tag & Search facial recognition feature for photo organization.
- Care Smart Application for locating and monitoring compatible smartwatches and devices, providing fall detection alerts, location updates, and emergency contact services.
Quantifiable outcome
- RootMetrics 2H 2025 ranking as America's most reliable 5G network
- +3 more outcomes
Companies that use Verizon Business
Customer profileNamed customers10 records
Segments6 records
Ideal customer profiles6 records
Verizon Business technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability11 records
Feature5 records
Verizon Business partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered strategic, core and minor.
- Aptiv and Wind RiverstrategicAptiv and Wind River unveiled a V2X proof-of-concept at MWC Barcelona leveraging Verizon's 5G network and edge computing infrastructure. The solution demonstrates vehicle sensor data sharing for cooperative perception integration into ADAS sensor fusion systems, enabling vehicles from different manufacturers to share data without dedicated V2X hardware.
- Wind RiverstrategicWind River collaborated with Aptiv and Verizon on a V2X proof-of-concept demonstrating vehicle sensor data sharing at MWC Barcelona, leveraging Wind River's edge software with Verizon's 5G network infrastructure.
- AeriscoreVerizon Business and Aeris announced a partnership to simplify inbound IoT connectivity in the US, targeting global IoT service localization. The collaboration leverages the GSMA SGP.32 eSIM standard and 5G technology to improve device onboarding and management. The Aeris IoTA Inbound Services are integrated with the Verizon ThingSpace platform, enabling U.S. device localization in weeks rather than months through unified SIM management, provisioning, billing, and analytics.
- InseegocoreVerizon Business added Inseego's FX4210 5G router to its 5G Business Internet FWA portfolio for enterprise wireless networks. The router offers multi-gig 5G performance with enterprise-grade security, zero-touch setup, Wi-Fi 7, and cloud management through Inseego Connect, with the optional X700 mesh node available through Verizon Business.
- Kodiak AIstrategicKodiak AI, Inc. and Verizon Business are collaborating to improve trucking through autonomous technology and IoT connectivity. The partnership combines Kodiak's autonomous trucking technology with Verizon's IoT connectivity infrastructure.
- Status Solutions NetworkminorStatus Solutions Network announced that Verizon Business became its National Sponsor to advance school safety and connected communities across the United States. The partnership leverages Verizon's infrastructure to enhance safety technology and community engagement, especially in schools.
- Amazon Web Services (AWS)coreVerizon Business and AWS announced a strategic partnership to build a high-capacity, low-latency network infrastructure connecting AWS data centers to support AI applications at scale. Verizon is constructing fiber pathways to enable scalable, secure, and reliable AI workloads, aligning with growing demand for real-time AI inference by 2030.
- OATS from AARPminorVerizon Value's Tracfone Wireless expanded its partnership with OATS from AARP to deliver digital wellness workshops for older adults in the United States. The initiative addresses the skills gap in technology use among seniors, offering free workshops in multiple locations and virtually.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Verizon Business competitors and assessment
Company assessmentEmerging players
- Nokia: Nokia is an emerging player in private 5G and network slicing solutions, partnering with carriers and enterprises to deliver private wireless. It is comparable to Verizon's private 5G portfolio and a potential partner-competitor in the enterprise 5G space.
Others
- Cisco Systems: Cisco is an enabler and ecosystem participant in enterprise networking, supplying the routing, switching, and IoT infrastructure that complements Verizon's connectivity services. It is comparable as a strategic enterprise networking incumbent rather than a direct connectivity competitor.
Broad incumbents
- Telefónica: Telefónica is a broad incumbent global telecom with enterprise connectivity, IoT, and 5G services across Europe and Latin America. It is comparable in portfolio and target enterprise customers, though it does not directly compete in the US market.
- BT Group: BT Group is a broad incumbent telecom with enterprise connectivity, IoT, and private network offerings globally. It is comparable in scale and portfolio breadth to Verizon Business, though primarily serving UK and European markets.
- Comcast Corporation: Comcast is a broad incumbent in connectivity, operating Xfinity mobile, cable broadband, and Comcast Business services. It competes with Verizon in home internet and increasingly in SMB and enterprise connectivity.
- Charter Communications: Charter is a broad incumbent cable operator offering Spectrum Mobile, broadband, and Spectrum Business services. It competes with Verizon Fios in residential broadband and is expanding into mobile and business services.
- Deutsche Telekom: Deutsche Telekom is the parent of T-Mobile US and operates enterprise and IoT services globally, including T IoT. It is a broad incumbent peer given the T-Mobile US overlap and DT's enterprise portfolio.
Direct peers
- Lumen Technologies: Lumen Technologies is a direct enterprise connectivity peer, providing fiber, wavelength, and managed network services to large enterprises, including hyperscaler AI infrastructure backhaul — directly competing for the same contracts Verizon is pursuing with AWS.
- T-Mobile US: T-Mobile US is a direct wireless competitor that has driven the industry's pricing and subscriber-share shifts Verizon is now restructuring to counter. It also operates T-Mobile Business for enterprise connectivity and is expanding fixed wireless access.
- AT&T: AT&T is the closest direct peer, operating a national wireless network, fiber broadband (AT&T Fiber), and enterprise connectivity services. It competes head-to-head with Verizon in consumer mobile, fiber, and business services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Verizon Business social profiles
Digital presenceVerizon Business financial estimates
Financial estimateRevenue estimate
Valuation estimate
Verizon Business leadership team
Management profileNumber of profiles
Profiles8 records
Verizon Business subsidiaries and ownership
Company hierarchySubsidiaries5 records
Verizon Business funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Verizon Business M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Verizon Business
What does Verizon Business do?
Verizon Business sells wireless mobile plans (Simplicity Plan), Fios fiber-to-the-home internet and TV, and a portfolio of enterprise connectivity services including 5G Business Internet fixed wireless access, Private 5G and Neutral Host Networks, 100G dedicated optical networks, and the ThingSpace IoT connectivity management platform. The division also resells flagship smartphones (Apple, Samsung, Google) with device financing, and operates a customer loyalty program with the Verizon Visa Card. Enterprise deployments span healthcare (AdventHealth, Tampa General Hospital), professional services (KPMG), and sports venues (Monumental Sports, Denver Broncos).
Is Verizon Business a public or private company?
Verizon Business is a public company. It is classified as public and is currently operating.
When was Verizon Business founded?
Verizon Business was founded in 1983. It employs 5,001 to 10,000 people.
Where is Verizon Business based?
Verizon Business is headquartered in Basking Ridge, United States, in the North America region.
How does Verizon Business make money?
Six revenue lines are on record. Consumer Mobile Services are the primary driver. The others are home Internet and TV (Fios), enterprise Network Solutions, ioT Connectivity Services, loyalty Program and Financial Services and device Sales and Financing.
Who are Verizon Business's main competitors?
Nokia is listed as an emerging player. Cisco Systems is listed as an others. Broad incumbents are Telefónica, BT Group, Comcast Corporation, Charter Communications and Deutsche Telekom. Direct peers are Lumen Technologies, T-Mobile US and AT&T.
Does Verizon Business have an API?
No public API is recorded for Verizon Business.
What industry is Verizon Business in?
Verizon Business's product category is Enterprise Telecommunications Services. Its primary akta.pro industry code is HDAIAGAA, Private LTE/5G Network Operators & Managed Services, with a secondary code of HDAIABAI, Business/Enterprise Fixed Connectivity Providers (SME/Enterprise Broadband). Its NAICS code is 517112 and its SIC code is 4899.