Verizon's Competitors, Revenue, Number of Employees, Funding and Acquisitions

Verizon is a telecommunications and media company that provides wireless internet, network services and information to b... Read more

Based on data from Verizon's latest SEC filings

Annual Revenue

Based on data from Verizon's latest SEC filings

Employees

Hans Vestberg's photo - CEO of Verizon

CEO

Hans Vestberg

CEO Approval Rating

85/100

OVERVIEW

Founded:

1983

Headquarters:

Basking RidgeNew Jersey

Status:

PublicIndependent Company of NYSEVZ

Industry Sector:

Wireless Telecommunication Services

SIC Code:

Top Competitors or Alternatives

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Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

AT&T has been one of Verizon's top competitors. AT&T was founded in 1876, and is headquartered in Dallas, Texas. AT&T competes in the Telecommunications Equipment industry. AT&T generates $46.5B more revenue vs. Verizon.

T-Mobile is a top competitor of Verizon. T-Mobile is a Public company that was founded in Bellevue, Washington in 1994. Like Verizon, T-Mobile also competes in the Wireless Telecommunication Services industry. T-Mobile has 92,500 fewer employees vs. Verizon.

Cox Communications is perceived as one of Verizon's biggest rivals. Cox Communications was founded in 1962, and its headquarters is in Atlanta, Georgia. Like Verizon, Cox Communications also operates in the Wireless Telecommunication Services field. Cox Communications has 123,082 fewer employees than Verizon.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Hans Vestberg

CEO

- -
144,500
$0
$131.1B
1

Randall L. Stephenson

Chairman & CEO

67/100
268,000
$13.8B
$164.4B
2

John J. Legere

President & CEO

76/100
52,000
$1.1B
$44.3B
3

Patrick J. Esser

President

78/100
21,418
- -
$11B
4

John Dwyer

President

82/100
487
- -
$400M
5

Jim Holanda

CEO

67/100
1,300
- -
$120M
6

Brian L. Roberts

Chairman & CEO

59/100
184,000
$3M
$103.7B
7

Thomas M. Rutledge

Chairman & CEO

83/100
98,000
$6.9B
$44.7B
8

Jeff Storey

President & CEO

81/100
45,000
- -
$22.8B
9

Glenn Goad

CEO

83/100
1,895
$26M
$959.9M
10

Julie M Laulis

President & CEO

57/100
2,224
- -
$1.1B

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$131.1B

Verizon's revenue is the ranked 2nd among it's top 10 competitors. The top 10 competitors average 47.7B. Over the last four quarters, Verizon's revenue has decreased by 1.6%. Specifically, in Q2 2019's revenue was $32.1B; in Q1 2019, it was $32.1B; in Q4 2018, it was $34.3B; in Q3 2018, Verizon's revenue was $32.6B.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Jaunt, Inc.

Sep 2019

Source »
undisclosed
Jaunt VR develops and distributes virtual reality, augmented reality and mixed reality contents for corporates and brands.
ProtectWise, Inc.

Mar 2019

Source »
undisclosed
ProtectWise is a network security platform that provides cloud-based visibility, monitoring, breach detection and incident response solutions.
Moment

Mar 2018

Source »
undisclosed
Moment is a design consultancy that offers digital products such as in-store, online, mobile and live user interface design services for businesses.
Niddel Corp

Jan 2018

Source »
undisclosed
Niddel develops and provides machine-learning-based automated threat hunting solutions for IT environments.
Wideopenwest, Inc.

Aug 2017

Source »
$225M
WOW! is a cable operator that offers internet, data, voice, cloud and television services for residential and business customers.

These are all the companies that Verizon has acquired. Verizon has acquired 18 companies and its latest acquisition was Jaunt, Inc. in Sep 2019. Jaunt VR develops and distributes virtual reality, augmented reality and mixed reality contents for corporates and brands.

Verizon Funding History

Since Verizon was founded in 1983, it has participated in 1 round of funding. In total Verizon has raised $0. Verizon's funding round was on Dec 1983 for a total of $0

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Dec 1983
--
-

Since Verizon was founded in 1983, it has participated in 1 round of funding. In total Verizon has raised $0. Verizon's funding round was on Dec 1983 for a total of $0

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

Renovo Motors develops a self-driving software that offers data analytics and automotive-grade safety solutions.
$10M
Apr 29, 2017
Equity
May 01, 2017
Awesomeness is a media and entertainment company that offers digital content such as videos and news for younger audiences.
$159M
Apr 05, 2016
Equity
Jul 01, 2018

These are all the companies that Verizon has invested in. Verizon has invested 18 companies and its latest investment was Jaunt, Inc. in Sep 2019. Jaunt VR develops and distributes virtual reality, augmented reality and mixed reality contents for corporates and brands.

Verizon News

October 16, 2019Telecompaper

Verizon loses exclusive on Pixel, offers bogof for new customers

(Telecompaper) Verizon has lost exclusivity on Google's latest Pixel smartphones, but will again offe... See more »
October 15, 2019Light Reading

Verizon Wants a prpl Tinge to Its Residential Gateways

Verizon is keen on a set of standard APIs for residential gateways that will enable new services to b... See more »
October 15, 2019MarketScreener

Pixel 4 and Pixel 4 XL are now available at Verizon

(marketscreener.com) What is it and how much does it cost? Google, today, unveiled two new flagship s... See more »
October 15, 2019Channel Partners Network

T-Mobile Again Dominates AT&T, Verizon, Sprint in Business Wireless Survey

ATT, Sprint and Verizon placed second in the large enterprise, SMB and very small business categories... See more »
October 15, 2019Cord Cutters News

Spectrum & Verizon Fios Are The Fastest Internet Services Providers According to Netflix

For some time now Netflix has been posting the best Internet service providers for Netflix streaming.... See more »
October 15, 2019Telecompaper

ZTE announces new Blade Vantage 2, availability at Verizon stores nationwide

(Telecompaper) ZTE announced that the Blade Vantage 2 will be available for purchase in participating... See more »
October 14, 2019Business Insider

Verizon is looking to implement a fiber alternative to scale 5G deployments

This story was delivered to Business Insider Intelligence Connectivity & Tech subscribers earlier thi... See more »

Verizon Blogs

Verizon Press Releases

September 16, 2019PR Newswire

Verizon Fios Launches THE IMPACT NETWORK

DETROIT, Sept. 16, 2019 /PRNewswire/ -- The Impact Network, the only African American owned and opera... See more »
August 27, 2019GlobeNewswire

Verizon helps customers avoid more than 1.5 billion robocalls this year

Starting today even more help is on the wayStarting today even more help is on the way... See more »
August 22, 2019GlobalNewswire

Verizon joins State Attorneys General in enhanced effort to battle robocalls

BASKING RIDGE, N.J., Aug. 22, 2019 (GLOBE NEWSWIRE) -- State attorneys general for all 50 states, and... See more »
August 15, 2019PR Newswire

Verizon Executive Vice President & Group CEO Tami Erwin to Honor Women Leading Technology Industry

SALT LAKE CITY, Aug. 15, 2019 /PRNewswire/ -- Women Tech Council (WTC) today announced that Tami Erwi... See more »
August 1, 2019GlobeNewswire

Correcting and Replacing -- Verizon reports strong 2Q and first-half 2019 results

In a release issued under the same headline earlier today by Verizon Communications Inc. (NYSE, Nasda... See more »
August 1, 2019PR-Inside

KLA Laboratories Hires Former Verizon Executive Doug Kwiatkowski as

(PR-inside.com) Doug Has 28 Years of Experience in the Cellular and Wireless Industry LOS ANGELES, CA... See more »
July 15, 2019GlobeNewswire

Verizon to redeem select Verizon InterNotes® due 2022-2029

NEW YORK, July 15, 2019 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, NASDAQ: VZ) today anno... See more »

Verizon Videos

August 11, 2017Verizon Foundation Youtube Channel

"#weneedmore Elenas" on YOUTUBE

August 3, 2017Verizon Foundation Youtube Channel

"Our Verizon Credo" on YOUTUBE

July 1, 2017Verizon Foundation Youtube Channel

"Verizon | Fios Speedometer" on YOUTUBE

Social Statistics

Headquarters

One Verizon Way

Basking Ridge, New Jersey07920

1-212-395-1000

Driving Directions »

Trending Companies

Summary

ABOUT

Overview

Verizon Communications (NYSE, VZ) is a broadband and telecommunications firm that provides communication and entertainment products and services to businesses and government. As of September 2014, Verizon is the largest US wireless communication servi...

CEO

Verizon's CEO, Hans Vestberg, currently has an approval rating of 85%. Verizon's primary competitors are AT&T, T-Mobile & Cox Communications.

Website

verizon.com

Frequently Asked Questions about Verizon

  1. When was Verizon founded?

    Verizon was founded in 1983
  2. Who is Verizon's CEO?

    Verizon's CEO is Hans Vestberg
  3. How much revenue does Verizon generate?

    Verizon generates $131.1B in revenue
  4. How much funding does Verizon have?

    Verizon has historically raised $0 in funding
  5. Where is Verizon's headquarters?

    Verizon's headquarters is in Basking Ridge New Jersey, USA
  1. How many employees does Verizon have?

    Verizon has 144,500 employees
  2. What sector does Verizon operate in?

    Verizon is in Wireless Telecommunication Services
  3. Who are Verizon's competitors?

    Verizon's top competitors are AT&T, T-Mobile, Cox Communications
  4. Who has Verizon invested in?

    Verizon's has invested in companies such as Renovo, AwesomenessTV