Verizon Communications Inc

Verizon Communications Inc. is a U.S.-based holding company whose subsidiaries provide wireless, wireline, broadband, and related communications services to consumers, businesses, and government customers. Its core operations are organized into Consumer and Business segments, supported by nationwide wireless networks, fiber assets, and fixed wireless access offerings.

34,5 %

12,4 %

+2,5 %

0.91

0.87

— Verizon Communications Inc
%
Consumer wireless55% Postpaid and prepaid mobile connectivity sold under the Verizon brand.
Consumer wireline and broadband22% Fios internet, video, DSL, and fixed wireless access for households.
Business wireless and broadband15% Mobility, broadband, and device connectivity for enterprise and public sector users.
Business network and security services6% Managed network, security, voice, and corporate networking solutions.
Wholesale and other communications services2% Carrier, reseller, and other communications-related services.

Verizon sells primarily to U.S. consumers who need mobile connectivity, home broadband, and video services, with a...

  • Consumer wireless subscribersprimary

    Households and individual users buying mobile voice/data plans and devices for nationwide coverage and brand reliability.

  • Consumer broadband and video householdsprimary

    Homes buying Fios internet, video, DSL, or fixed wireless access for primary or backup home connectivity.

  • Enterprise and public sector accountsprimary

    Businesses, government entities, first responders, and schools buying mobility, networking, and security services.

  • Wholesale and carrier customerssecondary

    Other carriers, MVNOs, and resellers buying network access, fiber, voice, and IP services.

Verizon’s business is concentrated in the United States, where it operates one of the largest wireless networks and a...

  • •United States is the core market for wireless, broadband, and enterprise services
  • •Consumer wireline operates in 31 states plus Washington, D.C.
  • •Business serves U.S. customers and a subset of customers worldwide
  • •Network assets include nationwide wireless and regional fiber infrastructure
  • •Local regulation and spectrum policy materially affect operating economics

Verizon’s strategy centers on mobility and broadband, supported by continued investment in wireless spectrum, 5G,...

01
Grow mobility and broadbandshort-term

These are the core service categories that drive customer demand and recurring connectivity usage.

02
Invest in network assetsmedium-term

Spectrum, 5G, and fiber underpin coverage, speed, and service quality.

03
Improve operating efficiencymedium-term

Simpler products and digital tools can reduce cost-to-serve and support competitiveness.

Verizon faces intense competition from national wireless carriers, cable operators, MVNOs, and other connectivity...

high

Competitive pricing pressure

Wireless and broadband markets are crowded, with rivals using discounts, bundles, and promotions.

Scope
Consumer and Business connectivity
Materiality
high
high

Cybersecurity and network disruption

The company operates critical communications infrastructure and stores sensitive customer data.

Scope
Networks, customer systems, IoT, security services
Materiality
high
medium

Supplier and vendor disruption

Network equipment and services may be delayed by geopolitical, trade, or logistics issues.

Scope
Network buildout and maintenance
Materiality
medium
medium

Regulatory and policy risk

Telecommunications services are heavily regulated at federal, state, and local levels.

Scope
FCC oversight, state regulation, spectrum policy
Materiality
high
Wireless licenses and goodwill impairment
An impairment would reduce reported earnings and asset values
Revenue recognition for bundled wireless offers
Can distort period-to-period comparability in service revenue trends
Derivative fair value accounting
Affects other income/expense and balance sheet volatility
Lease and network asset commitments
Affects fixed charges, depreciation, and future cash commitments

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: 11/08/2026