Verizon Communications Inc. VZ

What this company does

Verizon designs, builds and operates networks that provide connectivity and related services to consumers, businesses, government organizations, first responders and educational institutions. It runs a national wireless network covering approximately 147 million wireless retail connections and a broadband network covering approximately 14 million broadband connections as of December 31, 2025. The company also owns and operates a global fiber-optic network that provides connectivity to Business customers in more than 180 countries. It operates as an incumbent local exchange carrier in 31 states and the District of Columbia. Verizon had approximately 89,900 employees on a full-time equivalent basis as of December 31, 2025, 89% of them based in the U.S. The company has two reportable segments that it operates and manages as strategic business units, Verizon Consumer Group and Verizon Business Group. The Consumer segment sells wireless services and equipment to retail customers, residential fixed connectivity solutions including internet, video and voice services, and wireless network access to resellers on a wholesale basis. The Business segment provides wireless and wireline communications services and products, including mobility communication services, fixed wireless access and wireline broadband, Internet of Things connectivity solutions, corporate networking solutions, local and long distance voice services, and security and managed network services.

Written from the business description in VERIZON COMMUNICATIONS INC's annual report to the U.S. Securities and Exchange Commission, filed 17 February 2026. Every sentence was checked against that document before publication.