Verizon is a telecommunication company which deals in wireless services. The mission of Verizon depicts its desire to connect people and the business. It works towards its mission by providing quality service at a competitive market price.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Below we look at the top 7 competitors of Verizon.
AT&T is the well-known American telecom Company, with its head quarter in Whitacre Tower in downtown Dallas, Texas. AT&T is the second largest mobile service provider in US, first being Verizon Wireless, and the largest fixed telephone service provider. The company’s foundation stone was aid when Alexander Graham Bell first invented telephone and now with the passage of time this has come to be the recognized as the face of innovation in the field of communication.
2. BT Group:
British telecommunication Plc which is under BT group Plc is a multinational firm that provides telecommunication services. It’s headquarter is London, United Kingdom. It was founded in the year 1969 and has expanded its goods and services worldwide.
Vodafone is a British Multinational Telecom company founded in 1991. Vodafone has been ranked among the top five in terms of revenues and in number of connections amongst the operators globally. With the revenue of more than $50 Bn, it owns and operates networks in more than 20 countries.
4. Deutsche Telekom:
Deutsche Telekom commonly known as DT is a telecommunication company which has headquarter in Bonn, Germany. It was founded in the year 1996 when Deutsche Bundespost was privatized from the monopoly of state owned. German government has a share in company’s stock though direct mode as well as through government banks, thus Federal republic of Germany as the owner of the company.
Orange is large multinational telecommunications company. It is a French company with operations in more than 20 countries mainly in Europe and Africa. It had a revenue of more than 40 billion euros annually and it serves more than 250 million customers worldwide with 150,000+ employees.
T-Mobile is one of the biggest competitors of Verizon.
Comcast corporation is the giant in global media, which was founded by Ralph Roberts in 1963. It is an American global telecommunications company and the biggest in the world in the domain of broadcasting and cable television in terms of revenue. Also Comcast is the second largest Pay-Tv company in the world.
To conclude, the above article highlights the various competitors which compete with Verizon. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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