Verizon

Headquarters: 1095 Avenue of the Americas
New York, NY 10036
Employees: 132,200
CEO: Hans Vestberg
Website: http://www.verizon.com

Stock Symbol: VZ

Career Page

Verizon is the nation's largest telecommunications company. It provides local and long distance service. wireless service, high-speed Internet access and Fios-TV service primarily in the mid-Atlantic and northeastern U.S.

Verizon has about 1,500 stores across the country that sells wireless service and phones. Verizon provides 5G, 4G LTE, Fiber Optic and Multi Edge Compute (MEC) services.

The company's official headquarters and Board of Directors are located in New York City. However, executive leadership and corporate functions are located in Basking Ridge, NJ.

For 2021, Verizon reported total revenues of $133.6 billion, an increase of 4.1%. Net income was $22.6 billion.

Verizon's Consumer Group, which includes wireless and wireline businesses, has 115.4 million retail connections, 91.5 million postpaid connections and 13.1 million Fios subscribers. The Verizon Business Group has 27.4 million retail connections.

The company says more than one in three Consumer wireless phone customers now have a 5G-capable device. 

In 2021, the company sold the Verizon Media division to Apollo Management for $5 billion. The division included Yahoo and AOL as well as Internet brands TechCrunch, Rivals and Engadget. The new company is now called just Yahoo and Verizon retains a 10% stake in the company.

 

History

Verizon was formed by the merger of Bell Atlantic and GTE in July 1998. The Verizon name comes from veritas, the Latin word connoting certainty and reliability, and horizon, signifying forward-looking and visionary.

In 2005, Verizon acquired MCI, formerly known as Worldcom.

The company spun off Verizon Directories in 2006, the second-largest publisher of phone directories in the nation. This includes the SuperPages.com directory and now trades independently on the NYSE as Idearc Inc.

Verizon acquired Terremark in 2011, a provider of IT services, for $1.4 billion.

Verizon Wireless began selling the iPad tablet from Apple in 2010 and the iPhone in February 2011.

Verizon agreed in 2013 to buy the 45% stake in Verizon Wireless owned by Vodafone for $130 billion in cash and stock. It became the sole owner of Verizon Wireless in 2014.

The company acquired AOL in June 2015 for $4.4 billion. AOL owns websites including the Huffington Post, Moviefone, TechCrunch and Mapquest.

Verizon acquired Yahoo in 2017 for $4.5 billion.

Benefits

Financial Rewards

  • Competitive salaries
  • Incentives based on individual and company performance, including commissions for our Sales team
  • 401(k) savings plan with company matching contributions
  • Corporate discounts for attractions and key vendors (travel, technology and gifts)
  • Health and dependent care spending accounts, including a 10% discount on childcare at more than 2,000 centers nationwide
  • Life and AD&D insurance for employees and family members
  • Commuter spending accounts
  • Emergency Military leave, which provides the difference between an employee's base pay and the military base pay for up to 36 months of active duty.

Health and Well-Being

  • Medical, including prescription drug and vision care
  • Dental
  • Disability
  • Long-term care insurance
  • Over 30 locations with fitness centers, plus discounts to other gyms

Time Off / Vacation

  • Paid vacation
  • Personal days
  • Holidays
  • Discounts to Verizon products and services

Family

  • 8 weeks of paid parental leave at 100% base pay
  • Expecting moms are eligible for up to 16 weeks of paid maternity leave between short-term disability and parental leave.
  • A 10% discount on child care at more than 2,000 centers nationwide.
  • Adoption expense reimbursement up to $10,000 for each child adopted.

Education and Training

  • Tuition assistance
  • On-the-job-training
  • Online development tools
  • Training curriculums