Verizon Communications, Inc.

Verizon Communications, Inc.

Verizon Communications, Inc.

Overview
Date Founded

1983

Headquarters

140 West Street New York NY 10007

Type of Company

Public

Employees (Worldwide)

135K

Industries

IT Consulting & Services
Wireless Telecommunications
Computer Software

Company Description

Verizon Communications, Inc. is a holding company, which engages in the provision of communications, information, and entertainment products and services to consumers, businesses, and governmental agencies. It operates through the Verizon Consumer Group (Consumer) and Verizon Business Group (Business) segments. The Consumer segment provides consumer-focused wireless and wire line communications services and products. The Business segment offers wireless and wire line communications services and products; video and data services; corporate networking solutions; security and managed network services; local and long distance voice services; and network access to deliver various Internet of Things (IoT) services and products. The company was founded in 1983 and is headquartered in New York, NY.

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Executives & Employees

President & Chief Executive Officer

Chief Executive Officer

Executive Director, Media Relations

Executive Director, Alternative Investments-Verizon Pension/Benefits

Executive Vice President & Chief Financial Officer

Senior Vice President, Deputy General Counsel & Corporate Secretary

Executive Vice President & Chief Marketing Officer

Executive Vice President & Chief Technology Officer

Executive Vice President & Chief Strategy Officer

Executive Vice President & Chief Human Resources Officer

Board of Directors

Chairman & Chief Executive Officer at Verizon Wireless, Inc.

President & Chief Executive Officer at PayPal Holdings, Inc.

Former Vice President of Public Finance at First Boston Corp.

President & Chief Executive Officer at Austin Investment Advisors

Former Chairman of the Board, President & Chief Executive Officer at Aetna, Inc.

Co-Founder, Investing & Operating Committee at H Ventures LLC

Investor at Broadway Angels

Former Chairman & Chief Executive Officer at Deloitte & Touche LLP

Partner at Squire Patton Boggs LLP

Senior Advisor at General Atlantic Service Co. LP

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Verizon Communications, Inc.
Owners & Shareholders
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SSgA FM’s methods of analysis include quantitative, fundamental, technical, cyclical, indexing, arbitrage, charting and other strategy specific methods. They offer a broad range of strategies including: Active, Enhanced, and Passive Equity; Active & Passive Debt; Cash Management; Multi-Asset Class Solutions; Real Estate (including Direct Real Estate); Senior Loans; Managed Futures; and Private Equity. Active equity strategies include enhanced equity and active quantitative strategies. The strategies cover market-cap and style segments of the market including: large-cap core, large-cap growth, large-cap value, mid-cap, small-cap, small-cap value, all-cap, and long-short equity. They also manage long-short and long-short market neutral strategies. SSgA FM’s Active & Passive Debt strategies offers a range of investment styles from passive to active, short to long duration, tax-exempt, sovereign to high yield, and single country to global. The firm’s Cash Management strategies seek to generate current income while preserving capital and liquidity by investing in diversified portfolios of short-term securities. SSgA FM's Multi-Asset Class strategies employ an asset allocation model as means of diversification and seek to position assets among major investment categories. Their Multi Asset Class Solutions strategies employ an asset allocation model as a method of diversification that aims to position assets among major investment categories. SSgA FM’s Managed Futures strategy allocates assets using two approaches: a managed futures strategy and a fixed income strategy. The firm’s Private Equity strategies focus on rigorous partner selection, thorough evaluation of quality investment opportunities, and fundamental, research-driven research.

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MSWM assists in developing customized solutions for each client in Wealth Management Services (WMS) program. As part of the WMS agreement, the firm assists clients in developing their investment objectives and preparing an investment policy statement upon which Private Wealth Management (PWM)’s recommendations are based. When conducting their investment analysis, PWM applies the average expected return of each asset class within a portfolio, as well as historical risk and correlations between asset classes. MSWM provides ongoing investment and manager recommendations through one or more of the following investment advisory programs they offered: (1) affiliated and unaffiliated investment managers who manage separately managed accounts through Select UMA, Fiduciary Services, Consulting and Evaluation Services and the PWM Manager Assessment Program; (2) Global Investment Solutions; (3) the Portfolio Management Program; (4) affiliated and unaffiliated pooled investment vehicles; and (4) cash and cash equivalents (including sweep options). The pooled investment vehicles in which PWM invests may include open-end funds registered as investment companies with the SEC and investment vehicles that are not registered with the SEC. Pooled investment vehicles may also include ETFs, exchange traded trusts, and registered closed-end funds.

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CRMC's International Investors division invests primarily in the stocks of large-cap growth-oriented companies across practically all sectors. Although they invest internationally, most of their investments are in the stocks of North American companies. They maintain an investment philosophy that is distinguished by four key beliefs: (1) solid research is fundamental to sound investment decisions; (2) investment decisions should not be made lightly; (3) a long-term approach; (4) the capital system.

Recent Transactions
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Verizon Communications, Inc. purchases Blue Jeans Network, Inc.

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Verizon Communications, Inc. purchases Jaunt, Inc. - California from Sky Ventures Ltd., Google Ventures, China Media Capital Co. Ltd., Rothenberg Ventures Management Co. LLC, Redpoint Ventures, Highland Capital Partners LLC, SV Angel LLC, InnoSpring, Inc., Cobalt Capital

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Automattic, Inc. purchases Tumblr, Inc. from Verizon Communications, Inc.

Insider Transactions
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Transaction Advisors
Accountant

Advised onVerizon Communications, Inc. purchases MCI, Inc. from Teléfonos de México SAB de CV

Legal Advisor

Advised onFrontier Communications Corp. purchases Verizon Communications, Inc. /14 US States Wireless Bus from Verizon Communications, Inc.

Legal Advisor

Advised onVerizon Communications, Inc. purchases Verizon Media

Chair, Corporate Department

Advised onFrontier Communications Corp. purchases Verizon Communications, Inc. /14 US States Wireless Bus from Verizon Communications, Inc.

Legal Advisor

Advised onFrontier Communications Corp. purchases Verizon Communications, Inc. /14 US States Wireless Bus from Verizon Communications, Inc.

Legal Advisor

Advised onFrontier Communications Corp. purchases Verizon Communications, Inc. /14 US States Wireless Bus from Verizon Communications, Inc.

Advisors & Consultants
Legal Advisor

Co-Executive Chairman at Winston & Strawn LLP

Legal Advisor

Co-Chair, Electronic Discovery & Information Law Practice Group at Gibson, Dunn & Crutcher LLP

Legal Advisor

Partner at Jones Day

Clients

Comcast Corporation (Nasdaq: CMCSA, CMCSK) is a global media and technology company with two primary businesses, Comcast Cable and NBCUniversal. Comcast Cable is the nation’s largest video, high-speed Internet and phone provider to residential customers under the XFINITY brand as well as to businesses. NBCUniversal operates 30 news and entertainment cable networks, the NBC and Telemundo broadcast networks, television production operations, television station groups, Universal Pictures and Universal Parks & Resorts.

Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: North American Full-Service, North American Limited-Service, Asia Pacific, and Other International. The North American Full-Service segment includes luxury and premium brands located in the U.S. and Canada. The North American Limited-Service segment comprises select properties located in the U.S. and Canada. The Asia Pacific segment focuses in all brand tiers in Asia Pacific region. The Other International segment represents its Caribbean and Latin America, Europe, and Middle East and Africa properties. The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.

American Tower (NYSE: AMT) is a leading independent owner and operator of wireless and broadcast communication sites. Our global portfolio includes approximately 50,000 owned or managed sites and is experiencing steady growth. In addition to leasing space on towers, we provide customized collocation solutions through our Distributed Antenna Systems (DAS) that support seamless in-building and outdoor wireless coverage. Headquartered in Boston, Massachusetts, American Tower has local offices across the United States and in Brazil, Chile, Colombia, Ghana, India, Mexico, Peru, South Africa, Uganda and the United Kingdom

Key Stats and Financials As of 2019
Market Capitalization
$242B
Total Enterprise Value
$385B
Earnings Per Share
$4.65
Revenue
$132B
Net Profit
$19.3B
EBITDA
$47.2B
EBITDAMargin
35.79%
Total Debt
$133B
Total Equity
$62.8B
Enterprise Value / Sales
2.92x
Enterprise Value EBITDAOperating
7.7x
TEVNet Income
19.98x
Debt TEV
0.35x
Three Year Compounded Annual Growth Rate Of Revenue
1.53%
Non-Profit Donations & Grants
$100K - $250K
2019
$1,000 - $2,499
2019
$100K - $500K
2019
Political Donations
$10K - $20K
2015
$100
2014
$500
2014
Investments
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Freightpop, Inc. provides shopping application services. The company was founded by Kurt James Johnson is headquartered in Lake Forest, CA.

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WISDO LTD provides application searvices. The company was founded by Boaz Gaon and Ido Engel and is headquartered in Ramat Gan, Israel.

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Splitty Travel Ltd. engages in the provision of hotel reservation services. It offers online hotel selection and reservation. The company was founded by Eran Shust and Avi Wortzel in 2015 and is headquartered in Rishon LeZion, Israel.

Investors
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Partner & Brand Development Officer at Luvo, Inc.

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Co-Founder at Threshold Ventures, Inc.

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Founder & Managing Partner at Scout VC LLC

Suppliers
Apple, Inc. Other Manufacturing | Cupertino, CA

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in 1977 and is headquartered in Cupertino, CA.

LG Electronics, Inc. Appliances & Electronics | Seoul, South Korea

LG Electronics, Inc. engages in the manufacturing of display devices, home appliances, multimedia goods, electronic parts and develops software. It operates through the following business areas: Home Entertainment, Mobile Communications, Home Appliance, Air-Conditioning, Energy Solution and Independent business area. The Home Entertainment business area provides products such as televisions, monitors, personal computers for IT, Car Infotainment and produces Chemical and Electronic Materials. The Mobile Communications business area offers products such as handsets and tablets. The Home Appliance business area provides products such as refrigerators, washing machines, cooking and cleaning and health care appliances. The Air Conditioning and Energy Solution business area manufactures products such as Light Emitting Diode (LED) lightings, residential and system air conditioners. The Independent business area provides products such as compressors, storage devices, PC, telematics and solar cells. The company was founded by In-Hwoi Koo on Oct 1, 1958 and is headquartered in Seoul, South Korea.

Nokia Corporation Equipment & Office Supplies | Espoo, Finland

Nokia Oyj engages in the provision of network infrastructure, technology, and software services. It operates through the following segments: Networks, Nokia Software, Nokia Technologies, and Group Common and Other. The Networks segment comprises mobile networks, services, fixed networks, and optical networks. The Nokia Software segment offers cloud core software portfolio. The Nokia Technologies segment focuses on the innovation and research and development in technologies used. The company was founded by Fredrik Idestam in 1865 and is headquartered in Espoo, Finland.

Competitors
Alphabet, Inc. Internet Software & Services - Mountain View, CA

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as ads, Android, Chrome, hardware, Google Cloud, Google Maps, Google Play, Search, and YouTube. The Other Bets segment consists of businesses such as Access, Calico, CapitalG, GV, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Microsoft Corporation Computer Software - Fort Collins, CO

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform. The Intelligent Cloud segment refers to the public, private, and hybrid serve products and cloud services of the company which can power modern business. The More Personal Computing segment encompasses products and services geared towards the interests of end users, developers, and IT professionals across all devices. The firm also offers operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games; personal computers, tablets; gaming and entertainment consoles; other intelligent devices; and related accessories. The company was founded by Paul Gardner Allen and William Henry Gates III in 1975 and is headquartered in Redmond, WA.

Apple, Inc. Computer Hardware - Cupertino, CA

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak in 1977 and is headquartered in Cupertino, CA.

Awards & Honors
Rank #13
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #13
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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