Top 10 Telecom Companies of the World 2018

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2. Verizon

Based at 1095 Avenue of the Americas in Midtown Manhattan, New York City, yet fused in Delaware, Verizon is an American multinational telecommunication conglomerate.


Image: flickr.com/photos/jjbers/

It is also a corporate part of the Dow Jones Industrial Average. The company is dead-set on a digital  & mobile future and has been investing in next-generation 5G wireless technologies as well as the multitrillion-dollar Internet of things opportunities it enables.

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In the Financial Year 2017, the company earned total revenue of $126034 million and a Net income of $30101 million. The company ranks 14 in Fortune 500 companies ranking 2017.  In 2018, Verizon will be launching 5G residential services in up to five U.S. cities, starting with Sacramento, CA.

When an antitrust suit, alleging anticompetitive practices, was filed against AT&T by the U.S. Department of Justice, AT&T divested itself of the 22 local phone companies thus forming up the Bell System. Responding to the same, AT&T relinquished control of the local telephone services, creating seven independent Regional Bell Operating Companies (RBOCs), also called “Baby Bells”. Bell Atlantic and NYNEX were two of them who in July 1995 merged to form Bell Atlantic Mobile, later known as Verizon Wireless. As of 2018, Verizon is one of three organizations that had their foundations in the previous Baby Bells, other two being Century Link and AT&T. The company is also a title sponsor of various performance and sports venues as well as a sponsor of several major sporting organizations like National Hockey league, Motorsports, National Football league.

Revenue (in Million $): 126034

Net Income (in Million $): 30101



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