About Verizon Communications Inc. (VZ)

Company Description:

Verizon Communications Inc. is a global leader in delivering broadband and other wireless and wireline communications services. The company operates through two main segments: Consumer and Business.

Founded on June 30, 2000, as a result of the merger between Bell Atlantic Corp and GTE Corp, Verizon has its headquarters in New York, NY, United States, and stands as a testament to the evolution of the telecommunications industry.

Main Product(s):

Verizon provides a variety of services including wireless voice and data services, broadband internet, network services, and cloud and security solutions to consumers, businesses, and governmental agencies.

Short History of Verizon Communications Inc:

• June 2000 – Verizon was formed by the merger of Bell Atlantic and GTE.
• 2004 – Verizon launched its wireless service, which became a defining feature of the company.
• 2010 – The company acquired Terremark Worldwide, marking its venture into cloud services.
• 2015 – Verizon expanded into digital media with the acquisition of AOL.
• 2017 – Continued media expansion with the acquisition of Yahoo's Internet business, which formed Oath Inc., later rebranded as Verizon Media.
• 2019 – Sold Tumblr and announced the sale of Verizon Media to Apollo Global Management in 2021, which was completed in 2022, emphasizing a refocus on core wireless operations.