Company Description
Verizon Communications Inc. (NYSE, Nasdaq: VZ) is a technology and communications company that, according to its public disclosures, "powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security." The company is headquartered in New York City and serves countries worldwide as well as nearly all of the Fortune 500. Verizon’s common stock is listed on both the New York Stock Exchange and The Nasdaq Global Select Market, and the firm has a broad capital structure that includes multiple series of notes with maturities extending into the 2030s and 2040s.
Based on information provided in its descriptions and recent news releases, Verizon participates across technology, communications, information and entertainment products and services. Wireless services are a major contributor to its business: wireless services account for a substantial portion of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves tens of millions of postpaid and prepaid phone customers via a nationwide wireless network. Fixed-line telecom operations include local networks in the Northeast United States that reach tens of millions of homes and businesses, including many locations served by the Fios fiber optic network. These networks support broadband customers and other connectivity services.
Verizon also provides telecom and network services to enterprise and business customers, often using a mix of its own infrastructure and other carriers’ networks. In addition, Verizon reports that it serves customers worldwide and nearly all of the Fortune 500, reflecting a significant presence in enterprise connectivity, network solutions and related services. The company has described itself as one of the world’s providers of technology, communications, information and entertainment products and services, and it emphasizes mobility, network reliability and security as core elements of its value proposition.
Consumer and value-focused brands
Within its broader portfolio, Verizon Communications Inc. includes the Verizon Value portfolio of prepaid brands. According to a recent announcement from Total Wireless, this portfolio includes brands such as Total Wireless, Straight Talk, Visible, Tracfone, Simple Mobile, SafeLink, Walmart Family Mobile and Verizon Prepaid. Total Wireless describes itself as a fast-growing, no-contract wireless provider covered by the Verizon 5G network, with nearly 2,000 exclusive stores across the United States. Through these brands, Verizon participates in the prepaid and value segment of the wireless market, offering no-contract plans and access to Verizon’s 5G network.
Total Wireless also highlights Verizon’s 5G Ultra-Wideband network as part of its offering, and notes that it is part of the Verizon Value portfolio. This illustrates how Verizon uses multiple brands to address different customer segments, from postpaid wireless subscribers to budget-conscious prepaid customers seeking no-contract service and access to premium devices through financing solutions such as the Total Wireless Edge program.
Network, venues and enterprise solutions
Verizon’s disclosures and news releases emphasize its focus on network connectivity and security. The company describes its team as "never stops innovating to meet customers where they are today and equip them for the needs of tomorrow." In the enterprise and venue space, Verizon Business has led projects such as upgrading Empower Field at Mile High, home of the Denver Broncos, to a Wi‑Fi 6E-ready network. This deployment included thousands of wireless access points, public and private Wi‑Fi, and a dedicated 6 GHz frequency band to support stadium operations, fan connectivity, and secure communications using WPA3 security standards.
Verizon Business has also announced a 100G dedicated optical ring for Monumental Sports & Entertainment, designed to serve as the core broadcast and corporate network for multiple sports and media venues. This optical network is intended to support content creation, remote production workflows and corporate connectivity across several facilities. These examples, drawn from Verizon’s own news releases, show how the company applies its network capabilities to large venues and media organizations.
Partnerships and technology ecosystem
Verizon has highlighted partnerships that connect its network infrastructure with other technology platforms. In a Verizon Business announcement, the company described a Verizon AI Connect deal with Amazon Web Services (AWS) to build new long‑haul, high‑capacity fiber pathways connecting AWS data center locations. According to Verizon, this is intended to provide resilient, high-capacity, low-latency network infrastructure for AI workloads and cloud services, and it builds on a relationship in which Verizon has adopted AWS as a preferred strategic public cloud provider for certain digital transformation initiatives.
Verizon’s news releases also reference its role as the Official 5G Network of the NFL and the Official Telecommunication Services Sponsor of FIFA World Cup 2026™. Through programs such as Verizon Ultimate Access and Verizon Access, the company offers customers exclusive experiences, sweepstakes and ticket opportunities for events like Super Bowl LX and FIFA World Cup 2026™ matches. These initiatives illustrate how Verizon connects its network and brand with major sports and entertainment properties.
Financial reporting and capital markets presence
Verizon Communications Inc. regularly files reports and current reports on Form 8‑K with the U.S. Securities and Exchange Commission (SEC). Recent 8‑K filings have covered topics such as quarterly results, non‑GAAP financial measures, executive leadership changes, workforce reduction plans and capital markets transactions.
In its 8‑K filings related to results of operations and financial condition, Verizon explains the use of non‑GAAP measures such as Consolidated EBITDA, Segment EBITDA, Segment EBITDA Margin, Consolidated Adjusted EBITDA, Adjusted EBITDA growth forecasts, Net Unsecured Debt, Net Unsecured Debt to Consolidated Adjusted EBITDA ratio, Adjusted Earnings per Common Share (Adjusted EPS), and free cash flow. The company describes how these measures are calculated and why management believes they are useful for understanding operating performance, capital structure and liquidity, while also noting that they should be considered in addition to, not as a substitute for, GAAP measures.
Verizon’s capital structure includes multiple series of notes registered under Section 12(b) of the Securities Exchange Act of 1934, with various maturities and coupon structures. Recent 8‑K filings describe offerings such as Euro and Sterling Fixed-to-Fixed Rate Junior Subordinated Notes due 2056, sold under an effective shelf registration statement on Form S‑3. A Form 25 filing dated September 3, 2025, relates to the removal from listing of a specific series of 3.25% Notes due 2026 from the New York Stock Exchange, rather than the delisting of Verizon’s common stock.
Corporate governance and leadership updates
Verizon’s 8‑K and 8‑K/A filings provide insight into its governance and leadership changes. For example, a filing dated August 25, 2025 reports the election of a new director to the Board of Directors, with participation in the compensation program for non‑employee directors. Another 8‑K/A filing dated October 14, 2025 details compensation arrangements for the Chief Executive Officer, including base salary, short‑term incentive plan participation, and equity awards in the form of restricted stock units and performance stock units with vesting and performance conditions.
An 8‑K filing dated October 6, 2025 reports the appointment of a new Chief Executive Officer and the transition of the prior Chairman and Chief Executive Officer into a Special Advisor role focused on supporting integration and execution of the Frontier Communications acquisition and broader convergence and broadband strategy. These filings illustrate how Verizon discloses executive transitions, compensation arrangements and board changes in accordance with SEC requirements.
Workforce and cost structure initiatives
In a Form 8‑K dated November 20, 2025, Verizon announced that it expects to record a severance charge in the fourth quarter of 2025 in connection with plans to reduce its workforce as part of efforts to reduce its cost structure. The filing notes that the workforce reduction will include the elimination of over 13,000 positions and that the company also expects a significant reduction in outsourced, contracted and other outside labor expense. Verizon describes these actions as part of its broader cost reduction efforts.
Investor profile and dividends
Verizon’s common stock is widely held, and the company has described itself as having approximately billions of shares of common stock outstanding in its dividend announcements. A news release dated December 4, 2025 reports that the Board of Directors declared a quarterly dividend per outstanding share, payable on a specified date to shareholders of record. In that release, Verizon’s Chief Executive Officer states that the company is focused on delighting customers and regaining market leadership, and that a long history of dividend growth reflects Verizon’s cash flow generation.
These dividend announcements, combined with regular earnings reports and detailed non‑GAAP reconciliations, form part of the information set investors use to evaluate Verizon’s financial profile, capital allocation and shareholder return policies.
Customer experiences and loyalty programs
Verizon’s recent news releases highlight a focus on customer loyalty and experiential rewards. Through programs such as Verizon Access and Verizon Ultimate Access, customers can access exclusive events, sweepstakes and experiences, including Super Bowl LX trips with on‑field access, FIFA World Cup 2026™ tickets, pitchside “Golden Ticket” opportunities, and other once‑in‑a‑lifetime experiences. These programs are accessed via the My Verizon app and are positioned as benefits "simply for being a customer."
Seasonal campaigns, such as holiday promotions, feature offers on phones, tablets, watches, audio accessories and home internet bundles, as well as opportunities to enter sweepstakes for travel and entertainment experiences. These initiatives, described in Verizon’s own media alerts and news releases, illustrate how the company combines its network offerings with marketing and loyalty programs aimed at both new and existing customers.
FAQs about Verizon Communications Inc. (VZ)
- What does Verizon Communications Inc. do?
Verizon Communications Inc. describes itself as a provider of technology, communications, information and entertainment products and services. It focuses on mobility, reliable network connectivity and security for millions of customers, including consumers, businesses and public sector organizations. - Where is Verizon headquartered?
According to its news releases and SEC filings, Verizon Communications Inc. is headquartered in New York City, New York. - On which exchanges is Verizon stock listed?
Verizon’s common stock, par value $0.10, trades under the symbol VZ on the New York Stock Exchange and The Nasdaq Global Select Market, as disclosed in multiple Form 8‑K filings. - How important are wireless services to Verizon?
According to the company description provided, wireless services account for a large share of Verizon Communications’ total service revenue and nearly all of its operating income. Verizon serves tens of millions of postpaid and prepaid phone customers via its nationwide wireless network. - What is Verizon’s role in the prepaid wireless market?
Verizon Communications Inc. includes the Verizon Value portfolio of prepaid brands, which Total Wireless identifies as including Total Wireless, Straight Talk, Visible, Tracfone, Simple Mobile, SafeLink, Walmart Family Mobile and Verizon Prepaid. These brands offer no‑contract wireless services covered by the Verizon 5G network. - How does Verizon serve enterprise and venue customers?
Verizon Business provides network and connectivity solutions such as Wi‑Fi 6E and LAN installations for stadiums, dedicated optical networks for media and entertainment companies, and high‑capacity fiber routes for cloud providers. Examples disclosed in Verizon’s news releases include projects for Empower Field at Mile High and Monumental Sports & Entertainment. - What is Verizon AI Connect?
Verizon AI Connect is described in a Verizon Business announcement as a deal with Amazon Web Services (AWS) under which Verizon will build new long‑haul, high‑capacity fiber pathways connecting AWS data center locations. The goal is to support secure, reliable and high‑performance cloud services for advanced AI applications. - Does Verizon pay dividends?
Yes. Verizon’s Board of Directors has declared quarterly dividends on its common stock, as reported in news releases. One such release notes many consecutive years of dividend growth and describes the dividend as reflecting Verizon’s cash flow generation. - What types of non‑GAAP financial measures does Verizon use?
In its 8‑K filings, Verizon discusses non‑GAAP measures such as Consolidated EBITDA, Segment EBITDA, Segment EBITDA Margin, Consolidated Adjusted EBITDA, Adjusted EBITDA growth forecasts, Net Unsecured Debt, Net Unsecured Debt to Consolidated Adjusted EBITDA ratio, Adjusted EPS and free cash flow. The company explains how these measures are calculated and why management believes they are useful alongside GAAP metrics. - Is Verizon involved in major sports and entertainment partnerships?
Yes. Verizon’s news releases state that it is the Official 5G Network of the NFL and the Official Telecommunication Services Sponsor of FIFA World Cup 2026™. Through programs like Verizon Access and Verizon Ultimate Access, it offers customers ticket opportunities and exclusive experiences related to events such as Super Bowl LX and FIFA World Cup 2026™.