Top 10 Telecom Companies in the World 2017

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3. Verizon

Verizon Wireless is a wholly owned subsidiary of Verizon Communications.

Image: flickr-photos/jeepersmedia/

Verizon is a big telecommunications company and one of the largest in US. Founded as Bell Atlantic in 1984 and eventually became Verizon, and has been a pioneer in the telecom industry.

The company is headquartered in New York. It’s products include

1. Fixed-line

2. Mobile, 

3. Broadband and Fixed-line internet ,

4. DTH

The current Chairman & CEO is Lowell C. McAdam. The company earned a revenue of $ 126.0 billion in the Financial year 2016 and paid dividends worth $9.3 billion. The Company is ranked 13 on the Fortune Rankings. It has approximately 161,004 employees and is listed on NYSE & NASDAQ with the symbol VZ.

The company was involved in activities related to CSR in 2016- $9.4 million donations by employees to schools and NPOs. The company also received awards as follows - Top Company for Multicultural Business on in 2016, Ranked No. 1 employer for veterans on Military Times Best for Vets in 2016.

Verizon is also involved in the sponsorship of several large performances and sporting events/ organisations: National Hockey League, IndyCar Series, National Football League.

Some other information regarding the company:

  • 113.9 million Retail connections
  • 108.5 million Postpaid connections
  • 1,600+ retail locations in the U.S.
  • 98% U.S. wireless network coverage

Subs (Mn): 114.2

Rev ($Bn): 125.98

Net Income ($Bn): 13.6

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