Verizon Communications

Verizon Communications

Telecommunications services including wireless and broadband

About Verizon Communications

Simplify's Rating
Why Verizon Communications is rated
B-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated D+ on Rating Differentiation

Industries

Enterprise Software

Consumer Goods

Company Size

10,001+

Company Stage

IPO

Total Funding

$11.9M

Headquarters

New York City, New York

Founded

1983

Overview

Verizon Communications provides telecommunications services, including wireless communications, broadband internet, and digital television, primarily in the United States. The company offers subscription-based plans for mobile phone services, home internet, and digital TV, allowing customers to select options that suit their needs. Verizon is recognized for its reliable network coverage and advanced technology, including the latest 5G capabilities that enhance internet speeds and connectivity. Unlike many competitors, Verizon focuses on personalized customer experiences through programs like "myPlan," which tailors deals to individual preferences. The company's goal is to deliver essential communication services while continuously improving customer satisfaction and expanding its technological offerings.

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Simplify's Take

What believers are saying

  • Increased demand for remote work boosts broadband and wireless service growth.
  • The rise of IoT devices expands Verizon's network service opportunities.
  • Digital transformation in businesses increases demand for advanced telecommunications solutions.

What critics are saying

  • Telenor IoT's partnership may erode Verizon's market share.
  • AI and disruptive technologies require continuous innovation, straining resources.
  • Reliance on government contracts poses risks with potential policy changes.

What makes Verizon Communications unique

  • Verizon's robust 5G network enhances connectivity and attracts tech-savvy customers.
  • The 'myPlan' program offers personalized deals, increasing customer satisfaction and retention.
  • Verizon's partnerships with tech companies integrate AI, improving service efficiency.

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Funding

Total Funding

$11.9M

Above

Industry Average

Funded Over

3 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

401(k) Company Match

Paid Vacation

Parental Leave

Adoption Assistance

Tuition Reimbursement

Company News

Crain's New York
Feb 18th, 2025
Local entrepreneurs to explore new opportunities for growth at small business summit

The upcoming Small Business Summit: How to Thrive as an Entrepreneur in 2025, Presented by Verizon Business, hosted in partnership with Crain's Content Studio, can help business owners with this aspiration.

MarketBeat
Feb 16th, 2025
ABC Arbitrage SA Invests $745,000 in Verizon Communications Inc. (NYSE:VZ)

ABC Arbitrage SA invests $745,000 in Verizon Communications Inc. (NYSE:VZ).

MarketBeat
Feb 16th, 2025
MOKAN Wealth Management Inc. Makes New Investment in Verizon Communications Inc. (NYSE:VZ)

MOKAN Wealth Management Inc. makes new investment in Verizon Communications Inc. (NYSE:VZ).

MarketBeat
Feb 10th, 2025
Golden State Wealth Management LLC Invests $1.06 Million in Verizon Communications Inc. (NYSE:VZ)

Golden State Wealth Management LLC invests $1.06 million in Verizon Communications Inc. (NYSE:VZ).

Transforma Insights
Feb 6th, 2025
The outside edge: how AI and other disruptive technologies are transforming sport

Besides, at Super Bowl LV, Verizon introduced NFL Ultra Toss, a 5G and mobile edge computing-enabled mobile game.

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