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Verizon Communications Inc. (/ v ə ˈ r aɪ z ən / və-RY-zən), is an American telecommunications company headquartered in New York City. [3] It is the world's second-largest telecommunications company by revenue and its mobile network is the largest wireless carrier in the United States, with 114.8 million subscribers as of March 31, 2024. [10]
Verizon Communications was created on June 30, 2000 by Bell Atlantic Corp. and GTE Corp., in one of the largest mergers in U.S. business history. GTE and Bell Atlantic evolved and grew through decades of mergers, acquisitions and divestitures.
- Verizon Failed to Keep Up with The Market
- Some Big Losses and Rising Competition
- A Few Things to Look Forward This Year
One of the first things Verizon shareholders will likely remember about last year was its stock's failure to keep pace with the market. Here's how far Verizon fell short of the S&P 500last year: Image source: YCharts. The S&P 500 gained more than 19%, while Verizon's share price stumbled, and only recovered to an essentially flat result for the yea...
Verizon started the year on the wrong foot when it reported its first-ever postpaid wireless customer lossesin April. The company shed 307,000 postpaid wireless subscribers in the first quarter 2017. The losses came as AT&T and T-Mobile rolled out unlimited plans much earlier than Verizon did. The company reversed those losses in the second quarter...
While 2017 wasn't all that great, there are signs that things are turning around for Verizon. It appears to have stopped its subscriber losses and is now competing more aggressively with its rivals on pricing and unlimited data. This strategy already helped the company toward the end of 2017, and it should help it add customers again this year. Add...
Verizon Communications Inc., based in New York City and incorporated in Delaware, was formed on June 30, 2000, with the merger of Bell Atlantic Corp. and GTE Corp. Verizon began trading on the New York Stock Exchange (NYSE) under the VZ symbol on Monday, July 3, 2000.
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Jul 3, 2000 · Latest SEC Filings. Company profile for Verizon Communications Inc. (VZ) with a description, list of executives, contact details and other key facts.
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Discover historical prices for VZ stock on Yahoo Finance. View daily, weekly or monthly format back to when Verizon Communications Inc. stock was issued.
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