Verizon Communications, Inc.

Verizon Communications, Inc.

Verizon Communications, Inc.

Overview
Date Founded

1983

Headquarters

140 West Street New York NY 10007

Type of Company

Public

Employees (Worldwide)

132K

Industries

Wireless Telecommunications
IT Consulting & Services
Computer Software

Company Description

Verizon Communications, Inc. is a holding company, which engages in the provision of communications, information, and entertainment products and services to consumers, businesses, and governmental agencies. It operates through the Verizon Consumer Group (Consumer) and Verizon Business Group (Business) segments. The Consumer segment provides consumer-focused wireless and wire line communications services and products. The Business segment offers wireless and wire line communications services and products; video and data services; corporate networking solutions; security and managed network services; local and long distance voice services; and network access to deliver various Internet of Things (IoT) services and products. The company was founded in 1983 and is headquartered in New York, NY.

Contact Data
Trying to get in touch with decision makers at Verizon Communications, Inc.? Subscribe today to access their professional contact information and receive a one time promotion of free Contact Data credits!
Executives & Employees

Chief Executive Officer

Group President

Executive Director, Media Relations

Executive Director, Alternative Investments-Verizon Pension/Benefits

Executive Vice President & Chief Financial Officer

Senior Vice President, Deputy General Counsel & Corporate Secretary

Executive Vice President & Chief Marketing Officer

Executive Vice President & Chief Technology Officer

Executive Vice President & Chief Strategy Officer

Executive Vice President & Chief Human Resources Officer

Board of Directors

Chairman & Chief Executive Officer at Verizon Wireless, Inc.

President & Chief Executive Officer at PayPal, Inc.

Fund Advisor at Massachusetts Financial Services Company

President & Chief Executive Officer at Austin Investment Advisors

Former President & Chief Executive Officer at NYLCare Health Plans

Former Chairman & Chief Executive Officer at Deloitte & Touche LLP

Co-Founder, Investing & Operating Committee at H Ventures LLC

Director at Okta, Inc.

Partner at Squire Patton Boggs LLP

Former Founder, President & Chief Executive Officer at Verizon Communications, Inc.

Paths to Verizon Communications, Inc.
Potential Connections via
Relationship Science
You
Verizon Communications, Inc.
Owners & Shareholders
Details Hidden

BHI-IM employs the value investing principles of Benjamin Graham. Their investment approach focuses on buying shares of companies as a long-term investment. The firm seeks to invest in businesses that are easy to understand and have high ROE, exceptional management teams and limited debt. Rather than a diversified stock portfolio, BHI-IM invests in a small number of trusted investments that are overweighed in order to leverage the expected returns. The firm owns stock in a diverse group of over 50 public and private companies in wide range of industries including, but not limited to, manufacturing, retail, energy and finance. Investments are typically financed using the float from Berkshire Hathaway, Inc.'s insurance operations. Securities are sold when the firm no longer feels comfortable with the fundamentals of a company.

Details Hidden

NBIM is an active, conservative manager with a long-term outlook that aims to achieve the highest possible return on the Government Pension Fund Global within the investment mandate set by the Ministry of Finance, which owns the fund on behalf of the Norwegian people. The ministry determines the fund’s investment strategy, following advice from among others, NBIM and discussions in Parliament. The firm’s mandate defines the investment universe and the fund's strategic reference index. The Ministry of Finance has on a regular basis transferred capital to the fund from the Norwegian state's petroleum revenues. The fund's capital is invested abroad, to avoid overheating the Norwegian economy and to shield it from the effects of oil price fluctuations. The fund invests in international equity and fixed-income markets and real estate. It is invested in most markets, countries and currencies to achieve broad exposure to global economic growth. The investments are to produce a high long-term return. NBIM aims to achieve this this with an acceptable level of risk, as a responsible investor and through an efficient organization.

Details Hidden

MSWM assists in developing customized solutions for each client in Wealth Management Services (WMS) program. As part of the WMS agreement, the firm assists clients in developing their investment objectives and preparing an investment policy statement upon which Private Wealth Management (PWM)’s recommendations are based. When conducting their investment analysis, PWM applies the average expected return of each asset class within a portfolio, as well as historical risk and correlations between asset classes. MSWM provides ongoing investment and manager recommendations through one or more of the following investment advisory programs they offered: (1) affiliated and unaffiliated investment managers who manage separately managed accounts through Select UMA, Fiduciary Services, Consulting and Evaluation Services and the PWM Manager Assessment Program; (2) Global Investment Solutions; (3) the Portfolio Management Program; (4) affiliated and unaffiliated pooled investment vehicles; and (4) cash and cash equivalents (including sweep options). The pooled investment vehicles in which PWM invests may include open-end funds registered as investment companies with the SEC and investment vehicles that are not registered with the SEC. Pooled investment vehicles may also include ETFs, exchange traded trusts, and registered closed-end funds.

Recent Transactions
Details Hidden

Apollo Global Management, Inc. /Private Equity purchases Verizon Media from Verizon Communications, Inc.

Details Hidden

BuzzFeed, Inc. purchases HuffingtonPost Italia SRL from Verizon Communications, Inc.

Details Hidden

Verizon Communications, Inc. purchases Bluegrass Cellular, Inc.

Insider Transactions
Details Hidden
Details Hidden
Details Hidden
Transaction Advisors
Accountant

Advised onVerizon Communications, Inc. purchases MCI, Inc. from Teléfonos de México SAB de CV

Legal Advisor

Advised onFrontier Communications Corp. purchases Verizon Communications, Inc. /14 US States Wireless Bus from Verizon Communications, Inc.

Legal Advisor

Advised onVerizon Communications, Inc. purchases Verizon Media

Chair, Corporate Department

Advised onFrontier Communications Corp. purchases Verizon Communications, Inc. /14 US States Wireless Bus from Verizon Communications, Inc.

Legal Advisor

Advised onFrontier Communications Corp. purchases Verizon Communications, Inc. /14 US States Wireless Bus from Verizon Communications, Inc.

Legal Advisor

Advised onFrontier Communications Corp. purchases Verizon Communications, Inc. /14 US States Wireless Bus from Verizon Communications, Inc.

Advisors & Consultants
Legal Advisor

Partner at Jones Day

Legal Advisor

Co-Executive Chairman at Winston & Strawn LLP

Legal Advisor

Co-Chair, Electronic Discovery & Information Law Practice Group at Gibson, Dunn & Crutcher LLP

Clients

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Walgreens Boots Alliance, Inc. engages in the provision of drug store services. It operates through the following segments: Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale. The Retail Pharmacy USA segment consists of the Walgreens business, which includes the operation of retail drugstores, health and wellness services, and mail and central specialty pharmacy services. The Retail Pharmacy International segment consists of pharmacy-led health and beauty retail businesses and optical practices. The Pharmaceutical Wholesale segment consists of the Alliance Healthcare pharmaceutical wholesaling and distribution businesses and an equity method investment in AmerisourceBergen. The company was founded in 1901 and is headquartered in Deerfield, IL.

Discovery Communications (Nasdaq: DISCA, DISCB, DISCK) is the world's #1 nonfiction media company reaching more than 1.8 billion cumulative subscribers in 209 countries and territories. Discovery is dedicated to satisfying curiosity through 149 worldwide television networks, led by Discovery Channel, TLC, Animal Planet, Science and Investigation Discovery, as well as US joint venture networks OWN: Oprah Winfrey Network, The Hub and 3net, the first 24-hour 3D network. Discovery also is a leading provider of educational products and services to schools and owns and operates a diversified portfolio of digital media services, including Revision3.

Key Stats and Financials As of 2020
Market Capitalization
$246B
Total Enterprise Value
$372B
Earnings Per Share
$4.3
Revenue
$128B
Net Profit
$17.8B
Total Equity
$69.3B
Total Debt
$151B
EBITDAMargin
36.31%
Enterprise Value / Sales
2.9x
Enterprise Value EBITDAOperating
7.52x
TEVNet Income
20.9x
Debt TEV
0.4x
EBITDA
$46.6B
Three Year Compounded Annual Growth Rate Of Revenue
0.59%
Non-Profit Donations & Grants
$1,000 - $2,499
2019
$100K - $250K
2019
$100K - $500K
2019
Political Donations
$10K - $20K
2015
$100
2014
$500
2014
Investments
Details Hidden

Freightpop, Inc. provides shopping application services. The company was founded by Kurt James Johnson is headquartered in Lake Forest, CA.

Details Hidden

Echoar, Inc. enables teams to build ship, and scale AR apps. The firm builds backend in minutes, manage AR content, and deliver content anywhere. The company was founded by Alon Grinshpoon and is headquartered in New York, NY.

Details Hidden

WISDO LTD provides application searvices. The company was founded by Boaz Gaon and Ido Engel and is headquartered in Ramat Gan, Israel.

Investors
Details Hidden

Chief Executive Officer at Miami Marlins LP

Details Hidden

Founder at The Bizworld Foundation

Details Hidden

Advisor at Dragon Innovation, Inc.

Suppliers
Apple, Inc. Other Manufacturing | Cupertino, CA

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in 1977 and is headquartered in Cupertino, CA.

LG Electronics, Inc. Appliances & Electronics | Seoul, South Korea

LG Electronics, Inc. engages in the manufacturing of display devices, home appliances, multimedia goods, electronic parts and develops software. It operates through the following business areas: Home Entertainment, Mobile Communications, Home Appliance, Air-Conditioning, Energy Solution and Independent business area. The Home Entertainment business area provides products such as televisions, monitors, personal computers for IT, Car Infotainment and produces Chemical and Electronic Materials. The Mobile Communications business area offers products such as handsets and tablets. The Home Appliance business area provides products such as refrigerators, washing machines, cooking and cleaning and health care appliances. The Air Conditioning and Energy Solution business area manufactures products such as Light Emitting Diode (LED) lightings, residential and system air conditioners. The Independent business area provides products such as compressors, storage devices, PC, telematics and solar cells. The company was founded by In-Hwoi Koo on Oct 1, 1958 and is headquartered in Seoul, South Korea.

Nokia Corporation Equipment & Office Supplies | Espoo, Finland

Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Networks, Nokia Software, Nokia Technologies, and Group Common and Other. The Networks segment comprises mobile networks, services, fixed networks, and optical networks. The Nokia Software segment offers cloud core software portfolio. The Nokia Technologies segment focuses on the innovation and research and development in technologies used. The company was founded by Fredrik Idestam in 1865 and is headquartered in Espoo, Finland.

Competitors
Alphabet, Inc. Internet Software & Services - Mountain View, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Microsoft Corporation Computer Software - Fort Collins, CO

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.

AT&T, Inc. Computer Software - Dallas, TX

AT&T, Inc. is a holding company, which engages in the provision of telecommunications media and technology service. It operates through the following segments: Communications, WarnerMedia, and Latin America. The Communications segment provides services to businesses and consumers located in the U.S., or in U.S. territories, and businesses globally. The WarnerMedia segment develops, produces and distributes feature films, television, gaming and other content over various physical and digital formats. The Latin America segment provides entertainment and wireless services outside of the U.S.. The company was founded in 1983 and is headquartered in Dallas, TX.

Awards & Honors
Rank #13
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #13
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
This web site is not endorsed by, directly affiliated with, maintained, authorized, or sponsored by Verizon Communications, Inc.. The use of any trade name or trademark is for identification and reference purposes only and does not imply any association with the trademark holder. The Presence of Verizon Communications, Inc.'s profile does not indicate a business or promotional relationship of any kind between RelSci and Verizon Communications, Inc..