Verizon

Quick read

Verizon Communications Inc., a major US telecommunications company, founded October 1983, headquartered in New York City. It operates America's largest wireless network and sells network, security, and 5G solutions to consumers and enterprises globally. The company is integrating Frontier's fiber assets after a regulatory review process and managing a workforce restructuring tied to AI-era skill transitions.

Key facts

Founded

October 1983

Employees

89900

Sectors

enterprise, saas, security

Website

www.verizon.com

Mission

Verizon provides wireless, broadband, and enterprise network services across the US, with a strategic focus on 5G infrastructure, fiber expansion (via the Frontier acquisition), and enterprise security and IoT solutions.

Recent activity

• May 2026product
  Verizon raised the price on its Unlimited Ultimate plan while introducing a 3-year price lock. droid-life.com
• May 2026press
  Q1 2026 earnings showed adjusted EPS of $1.28, up 7.6% year-over-year — the best quarterly growth rate since 2021. Verizon raised its adjusted EPS guidance and reported its first positive Q1 postpaid phone net adds in 13 years. Total unsecured debt stood at $142.5 billion, up from $131.1 billion at end of Q4 2025, partly reflecting the Frontier acquisition close. verizon.com
• Jan 2026investment
  Verizon closed its $20 billion acquisition of Frontier Communications on January 20, 2026. Frontier results are now consolidated into Verizon's financials. verizon.com
• 2026product
  Verizon deployed a four-layer AI tech stack across operations, targeting full rollout by November 2026. Six AI partners named: Google, Anthropic, Sierra, ElevenLabs, Mythos, and Glasswing. The company reported $200M+ in AI-driven energy savings already booked and 85% of network issues autonomously resolved before customers notice them. linkedin.com
• 2026press
  Total Wireless expanded its Total Spark social impact program to five cities, pairing workforce development with FIFA World Cup 2026 ticket giveaways. verizon.com
• Oct 2025leadership
  Hans Vestberg stepped down as CEO and Chairman after a tenure running from 2018 to 2025. Dan Schulman took over as the new CEO. Vestberg moved to a Special Advisor role, overseeing Frontier integration through October 4, 2026. fortune.com
• Apr 2026press
  Verizon reported Q1 2026 earnings results on April 27, 2026. x.com
• Feb 2026press
  Verizon named Official Telecommunication Services Sponsor for FIFA World Cup 2026. linkedin.com
• Feb 2026leadership
  Board member Clarence Otis, Jr. announced he will not seek re-election at the 2026 annual meeting. x.com
• Feb 2026product
  Verizon exhibited at ITEXPO, showcasing Business 5G, IoT, cloud, and security solutions for enterprise customers. x.com
• Jan 2026press
  California's telecom regulator scheduled oral arguments on January 12, 2026, for its review of Verizon's acquisition of Frontier Communications. x.com
• 2025product
  Verizon established a $20 million Reskilling and Career Transition Fund for departing employees, alongside the Skill Forward program available through December 2026, amid broader workforce restructuring tied to AI adoption. verizon.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Matt Ellis · CFO
• Erik Huggers · Employee
• Hugh Carspecken · Employee
• John Townsend · Employee
• Hans Vestberg · CEO
  Brief →
• Tony Skiadas · EVP & CFO
• Kyle Malady · CEO, Verizon Business
• Sowmyanarayan Sampath · CEO, Verizon Consumer
• Joe Russo · President, Global Network and Technology

Sources

• Executive Leadership Biographies | About Verizon
• Building a stronger Verizon | Verizon Newsroom
• Reskilling program | About Verizon
• SEC Filings Digest — VZ Board Change Announcement
• Verizon Frontier acquisition California regulatory review
• Verizon Q1-2026 Earnings Report
• https://www.droid-life.com/2026/05/07/verizon-raises-price-on-unlimited-ultimate-plan-with-3-year-price-lock/
• https://www.verizon.com/about/news/feed/verizons-transformation-actions-deliver-growth-profitability-1q26-company-raises-adjusted-eps
• https://www.linkedin.com/in/malady/
• https://www.verizon.com/about/news
• https://fortune.com/2025/10/07/why-verizons-new-ceo-dan-schulman-partner-cfo-market-strategy/

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Frequently asked