VERIZON COMMUNICATIONS INC News

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Verizon Communications Inc., through its subsidiaries, provides communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. It operates in two segments, Verizon Consumer Group (Consumer) and Verizon Business Group (Business). The Consumer segment provides wireless services across the wireless networks in the United States under the Verizon and TracFone brands and through wholesale and other arrangements; and fixed wireless access (FWA) broadband through its wireless networks. It also offers wireline services in the Mid-Atlantic and Northeastern United States, as well as Washington D.C. through its fiber-optic network, Verizon Fios product portfolio, and a copper-based network. The Business segment provides wireless and wireline communications services and products, including data, video, conferencing, corporate networking, security and managed network, local and long-distance voice, network access, and various IoT services and products, as well as FWA broadband through its wireless networks. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

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VERIZON COMMUNICATIONS INC Market News

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Verizon Wins Frontier, Faces Outage, Cuts Jobs Now

  • Verizon closed its $20B acquisition of Frontier this week, expanding fiber to 31 states, while a major Jan. 14 outage prompted $20 credits and an FCC inquiry. Concurrently, management began a large restructuring, trimming ~13,000 roles as it repositions for fiber-led growth ahead of Q4 earnings.
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