Verizon, previously Bell Atlantic Corporation, was founded in the year 1983 and is headquartered in New York, the United States.
It is one of the largest in provision of wireless communications services in the country and consistently the largest in terms of number of subscribers for it provides to 98% of the USA wireless network coverage and serves 99% of the Fortune 1000 customers. The company had a revenue of $131.6 billion in the financial year ending 2015.
With a subscriber base of around 140 million, Verizon continuously focuses on higher subscriber retention and lower churn rates considering the extremely competitive telecommunications market that requires the companies to be highly capital-intensive and hence has turned out to be the nation’s most reliable and largest 4G LTE network presently.
With an employee base of around 173300, Verizon Communications' operations are segmented into four business units: Wireless services, Enterprise services, Residential and small business services, and Partner programs. Wireless services deals with mobile phone, data services and text messages; Enterprise services deals with providing services for wholesale, government and corporate clients; Residential and small business services involving wireline phone service, Internet access, and television service provision to residences and small businesses; Partner programs for different divisions of the group.
The company holds a strong corporate social responsibility program for nearly $9.6 million was donated by employees to schools and nonprofits, and also provided opportunities and technology access to more than 100,000 students in all the 50 states.