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About the company

Verizon Communications Inc. (Verizon) is a holding company. The Company, through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. The Company offers voice, data and video services and solutions on its wireless and wireline networks. The Company's segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales that are provided to consumer, business and government customers across the United States. The Wireline's segment offers voice, data and video communications products and services, such as broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services and local and long distance voice services. The Company provides these products and services to consumers as well as to carriers, businesses and government customers.

  • Revenue in USD (TTM)130.12bn
  • Net income in USD14.44bn
  • Incorporated1983
  • Employees173.30k
  • Location
    Verizon Communications Inc1095 Avenue of the AmericasNEW YORK 10036United StatesUSA
  • Phone+1 (212) 395-1000Fax+1 (302) 655-5049
  • Websitehttp://www.verizon.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
VZ:NYQ since
announced
Transaction
value
Yahoo! Inc-Operating BusinessAnnounced25 Jul 201625 Jul 2016Announced-2.21%4.83bn
Telogis IncAnnounced21 Jun 201621 Jun 2016Announced2.05%--
XO Communications LLC-Fiber-Optic Network BusinessAnnounced22 Feb 201622 Feb 2016Announced7.86%1.80bn
Data delayed at least 15 minutes, as of Jul 28 2016 21:01 BST.

Peer analysis

CompanyRevenue (TTM)Net income (TTM)Market capEmployeesMarket Cap /
Employees
Comcast Corporation75.45bn8.24bn164.86bn153.00k164.86bn153.00k
Verizon Communications Inc.130.12bn14.44bn225.50bn173.30k225.50bn173.30k
AT&T Inc.162.27bn14.21bn263.25bn280.87k263.25bn280.87k
Data as of Jul 28 2016. Currency figures normalised to Verizon Communications Inc's reporting currency: US Dollar USD

Institutional shareholders

26.11%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 31 Mar 2016250.10m6.14%
Capital Research & Management Co. (Global Investors)as of 31 Mar 2016167.90m4.12%
BlackRock Fund Advisorsas of 31 Mar 2016165.83m4.07%
SSgA Funds Management, Inc.as of 31 Mar 2016159.64m3.92%
Capital Research & Management Co. (World Investors)as of 31 Mar 201679.42m1.95%
Wellington Management Co. LLPas of 31 Mar 201671.69m1.76%
Northern Trust Investments, Inc.as of 31 Mar 201649.73m1.22%
Capital Research & Management Co. (International Investors)as of 31 Mar 201646.48m1.14%
Norges Bank Investment Managementas of 31 Dec 201537.91m0.93%
Fidelity Management & Research Co.as of 31 Mar 201635.37m0.87%
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Data from 31 Dec 2015 - 31 Mar 2016Source: FactSet Research Systems Inc.
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