Verizon Communications Inc (VZ)

Profile

• URL: http://www.verizon.com
• Investor Relations URL: http://www.verizon.com/about/investors/
• HQ State/Province: New York
• Sector: Communication Services
• Industry: Telecom Services
• Equity Style: Large Cap/Value
• Next Earnings Release: Jul. 24, 2020
• Last Earnings Release: Apr. 24, 2020
• Next Ex-Dividend Date: N/A
• Last Ex-Dividend Date: Jul. 09, 2020
• Description: Verizon is now primarily a wireless business (70% of revenue and nearly all operating income). It serves about 89 million postpaid and 4 million prepaid phone customers and connects another 24 million data devices, like tablets, via its nationwide network, making it the largest U.S. wireless carrier. Fixed-line telecom operations include local networks (12% of revenue) in the Northeast, which reach about 25 million homes and businesses, and nationwide enterprise services (10%). Recent investments, including fiber network construction, have supported the wireless business in addition to expanding traditional fixed-line capabilities. Verizon Media Group, the online media and advertising firm formed with the acquisitions of AOL and Yahoo, provides the remainder of revenue.