Verizon, incorporated on October 7, 1983, is a holding company and one of the largest communication technology companies in the world.
Based in Basking Ridge, NJ (outside of Newark and New York City), through its subsidiaries, provides communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its segments include Wireless and Wireline. The Wireless segment offers communications products and services, including wireless voice and data services and equipment sales, to consumer, business and government customers across the United States. The Wireline segment offers voice, data and video communications products and services, such as broadband video and data, corporate networking solutions, data center and cloud services, security and managed network services, and local and long distance voice services.
The company has combined Yahoo! Inc operating assets with its existing AOL Inc. business to create a new subsidiary, Oath Inc, a diverse house of more than 50 media and technology brands. The Oath portfolio, under Verizon Media, includes HuffPost, Yahoo Sports, AOL.com, MAKERS, Tumblr (sold in 2019), BUILD Studios, Yahoo Finance, and Yahoo Mail.
Verizon Ventures is the primary mechanism to find, fund and further the 5G future. We invest in promising entrepreneurial companies who are tackling some of today’s biggest technological challenges for Verizon’s consumer, business, network and media customers.
The Company also offers a range of wireless services accessible on a range of its devices. It also offers service that enables its customers to access the Internet wirelessly at broadband speeds on notebook computers and tablets. Customers can access multimedia offerings, provided by it and by third parties, consisting of applications providing music, video, gaming, news and other content. Its business-focused offerings include solutions that enable customers to access the Internet, their corporate intranets and e-mail across its diverse portfolio of wireless devices. Its location-based services provide its customers with directions to their destination and enable its business customers to locate, monitor and communicate with their mobile field workers. Its global data services allow its customers to access data services and the Internet on all smartphones and many tablets and basic phones from international destinations that it sells.
Verizon’s Wireline segment provides voice, data and video communications products and services. The Company organizes its service and product offerings by the customers groups, which includes Consumer Markets, Enterprise Solutions, Partner Solutions and Business Markets. Consumer Markets operations provide broadband services, including high-speed Internet, Fios Internet and Fios Video services, and local exchange, including basic service and end user access, and long distance, including regional toll, voice services to residential and small business subscribers. The Company offers Fios Internet and high-speed Internet services with varying throughput speeds.
The Company offers video service over its fiber-optic network. It has various offerings available to its Fios television customers, including Fios Quantum TV, which provides customers the ability to record up to 12 shows at once and control live television from any room in their home; Fios Custom TV, which provides customers local versions of the Fox, CBS, NBCU and ABC broadcast stations and other similar local content and offers customers the option of purchasing an Essentials plan that includes a base set of lifestyle, entertainment, pop culture and content for children and national news networks, or a Sports and More plan that includes national and regional sports networks, as well as non-sports national networks, and Fios on Demand, which gives Fios customers the ability to watch content virtually anytime and anywhere, on any compatible device.
Verizon’s IT infrastructure services include colocation and managed hosting in data centers around the globe. Its cloud services include computing, storage, backup, recovery and application platforms its customers rely on to run their business operations. Business communications services include IP communications services, which simplify network management and drive operational efficiencies by enabling the convergence of voice and data traffic on the same access connection; Internet access, which provides enterprise customers with high-bandwidth access to its global network; unified communications and collaboration capabilities, which enable customers to communicate in real-time through VoIP and IP conferencing, and emergency communication services, which allow customers to respond to emergencies while maintaining business continuity. It offers a suite of data security services to help companies secure their networks, data, applications and infrastructure from security threats. Its core services include core voice and data services, which consist of a portfolio of global solutions utilizing traditional telecommunications technology, such as conferencing and contact center solutions, and private line and data access networks. Core services also include providing customer premise equipment, and installation, maintenance and site services.
While the company has store locations throughout the world, primary offices include Irvine, Los Angeles, and San Jose, California; Lake Mary, Florida; Schaumburg, Illinois; Waltham, Massachusetts; Morristown, New Jersey, as well as Basking Ridge; New York City and Orangeburg, New York; Tulsa, Oklahoma; Irving, Texas; Brussels, Belgium; Dublin, Ireland; Ostrava, Czech Republic; Reading, United Kingdom; Manila, Philippines; Singapore; and Lima, Peru.
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