Verizon Business

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.

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

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

• Enterprise network services
• 5G business internet
• Managed IoT connectivity
• Private 5G networks
• Telecommunications infrastructure

Headquarters

HQ city

Basking Ridge

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. 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.
2. 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.
3. 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.
4. 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.
5. 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.
6. 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

Go-to-market motion4 records

Distribution channels6 records

Marketing channels6 records

Core 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

Named customers10 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability11 records

Feature5 records

Partnerships

Eight partnerships are on record, tiered strategic, core and minor.

• Aptiv and Wind RiverstrategicStrategic or Co-development Partner · 1 March 2026Aptiv 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 RiverstrategicTechnology or Integration · 1 March 2026Wind 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.
• AeriscoreTechnology or Integration · 24 February 2026Verizon 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.
• InseegocoreChannel Partner/ Reseller/ Distributor · 18 February 2026Verizon 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 AIstrategicTechnology or Integration · 18 December 2025Kodiak 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 NetworkminorGTM or Marketing Partner · 11 November 2025Status 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)coreStrategic or Co-development Partner · 5 November 2025Verizon 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 AARPminorGTM or Marketing Partner · 3 November 2025Verizon 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

Emerging 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

• Xx.com/VZWOffers
• YouTubeyoutube.com/user/verizon
• Facebookfacebook.com/vzwsmallbiz
• LinkedInlinkedin.com/company/verizon
• Instagraminstagram.com/verizon
• TikToktiktok.com/@verizon

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries5 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Verizon Business