Verizon Communications Inc. (BAC)

Overview

Verizon Communications Inc., a global leader in communications, technology, information, and entertainment products and services, operates through its subsidiaries to cater to a broad spectrum of consumers, businesses, and governmental entities around the world. It primarily functions in two segments: Verizon Consumer Group (Consumer) and Verizon Business Group (Business). Previously known as Bell Atlantic Corporation, it rebranded to Verizon Communications Inc. in June 2000. The incorporation of Verizon Communications Inc. dates back to 1983, with its headquarters situated in New York, New York.

Products and Services

• Wireless Services

  Under the Consumer segment, Verizon offers a wide array of wireless services through the advanced wireless networks in the United States. It markets these services under the Verizon and TracFone brands, alongside wholesale and other arrangements. The company's portfolio includes not only traditional wireless communications but also Fixed Wireless Access (FWA) broadband services, which are complemented by a range of equipment and devices such as smartphones, tablets, smart watches, and other connected devices optimized for wireless connectivity.

• Wireline Services

  Verizon delivers wireline services through its cutting-edge fiber-optic network, primarily in the Mid-Atlantic and Northeastern United States, including Washington, D.C. Its offerings in this category consist of the Verizon Fios product line, encompassing high-speed internet, digital TV, and telephone services, along with services provided through a copper-based network to cater to a variety of customer needs.

• Business Communications Services and Products

  The Verizon Business Group focuses on providing comprehensive wireless and wireline communications services and products tailored for businesses and governmental customers. This includes an extensive range of solutions like Fixed Wireless Access broadband, data services, video conferencing, corporate networking, security, managed network services, local and long-distance voice services, and network access. These offerings are designed to enhance operational efficiency and foster the development of Internet of Things (IoT) services and products for their business clientele, both within the United States and on a global scale.