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Verizon Communications Inc.

Company Overview: Verizon Communications Inc. (NYSE: VZ), one of the largest players in the telecommunications equipment industry, was incorporated in 1983 in Delaware and was formerly known as Bell Atlantic Corporation (Bell Atlantic). Following its merger with GTE Corporation, the company started doing business as Verizon Communications Inc. on June 30, 2000. VZ is a holding company and offers products and services through its subsidiaries with a highly diverse workforce of ~135,000 employees as of December 31, 2019. In late 2018, a strategic reorganization of the business was announced by the company and with this new structure, w.e.f. 01 April 2019, VZ manages the business through two reportable segments – (a) Verizon Consumer Group, and (b) Verizon Business Group.

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