What Companies Does Verizon Own?

Verizon Communications Inc. is a leading American multinational telecommunications conglomerate with a diverse portfolio of subsidiaries and holdings. Headquartered in New York City, Verizon operates in the telecommunications and mass media industries, serving customers globally but primarily focusing on the United States.

Key Takeaways:

• Verizon is a multinational telecommunications conglomerate.
• It has a diverse portfolio of subsidiaries and holdings.
• Verizon operates in the telecommunications and mass media industries.
• Its headquarters are located in New York City.
• Verizon primarily serves customers in the United States.

Verizon’s Subsidiaries and Acquisitions

Verizon has strategically expanded its business through various acquisitions, allowing the company to strengthen its position in the telecommunications and mass media industries. Here are some of the notable subsidiaries and acquisitions under the Verizon umbrella:

AOL

In 2015, Verizon acquired AOL, a leading media technology company. AOL’s extensive digital advertising and content platforms have complemented Verizon’s existing offerings and helped the company diversify its revenue streams.

Yahoo! Inc.

In 2017, Verizon acquired Yahoo! Inc., a prominent internet corporation. This acquisition brought Yahoo’s vast user base, digital content, and advertising capabilities under Verizon’s portfolio, further expanding its reach in the digital media space.

BlueJeans

BlueJeans is a video conferencing platform that became a part of Verizon through an acquisition. This subsidiary enhances Verizon’s communication solutions, providing reliable and secure video conferencing services to businesses and individuals.

Verizon Fios

Verizon Fios offers fiber-optic residential services, including internet, television, and telephone. This subsidiary strengthens Verizon’s position in the competitive broadband market, providing high-speed internet access to millions of customers.

Visible by Verizon

Visible by Verizon is an all-digital wireless carrier that operates exclusively through its mobile app. This subsidiary offers simplified, transparent, and affordable wireless service, targeting tech-savvy customers who value convenience and flexibility.

TracFone Wireless

Verizon also owns TracFone Wireless, a prepaid mobile virtual network operator. TracFone provides prepaid wireless services under multiple brands, catering to a diverse customer base and expanding Verizon’s presence in the prepaid segment.

These acquisitions and subsidiaries have played a crucial role in Verizon’s growth strategy, enabling the company to provide a comprehensive range of telecommunications and media services to its customers across the United States and beyond.

Subsidiary/Acquisition	Industry	Year
AOL	Media Technology	2015
Yahoo! Inc.	Internet	2017
BlueJeans	Video Conferencing	N/A
Verizon Fios	Broadband	N/A
Visible by Verizon	Wireless Carrier	N/A
TracFone Wireless	Mobile Virtual Network Operator	N/A

Verizon’s Business Portfolio

Verizon Communications Inc. has built a robust business portfolio that spans the telecommunications and media industries. With a focus on providing comprehensive solutions to its customers, Verizon offers a wide range of services including cable television, landline, mobile phone, broadband, digital television, IPTV, digital media, internet, and telematics services.

Under the Verizon umbrella, there are several companies that operate in different sectors of the industry. These companies contribute to the diverse offerings and capabilities of Verizon, enabling the company to cater to the unique needs of its customers. Whether it’s providing reliable internet connectivity, delivering high-quality video conferencing solutions, or offering all-digital wireless carrier services, Verizon’s subsidiaries play a crucial role in delivering cutting-edge telecommunications solutions.

To further illustrate Verizon’s business portfolio, the table below highlights some of the key companies under Verizon:

Company	Industry	Service/Product Offering
BlueJeans	Video Conferencing	Platform for virtual meetings and collaboration
Verizon Fios	Residential Services	Fiber-optic internet, TV, and phone services
Visible by Verizon	Wireless Communications	All-digital wireless carrier services
TracFone Wireless	Mobile Services	Prepaid mobile virtual network operator services
Yahoo (10% stake)	Media and Communications	Digital media, news, email, and search services

These companies, along with other subsidiaries and acquisitions, contribute to Verizon’s comprehensive business portfolio. The diverse range of services offered by Verizon allows the company to cater to both individual customers and enterprise clients, ensuring they have access to reliable and innovative telecommunications solutions.

Verizon’s Corporate Structure

When examining Verizon Communications Inc.’s corporate structure, it becomes evident that the company operates under a hierarchical organization. At the helm of this telecommunications giant is Hans Vestberg, who serves as the Chairman and CEO, steering Verizon towards its strategic goals and ensuring its continued success in the industry.

Assisting Vestberg in the executive leadership team is Tony Skiadas, the Executive Vice President and CFO, who oversees the company’s financial operations and plays a crucial role in managing Verizon’s fiscal health.

Verizon’s corporate structure comprises two main divisions, namely the Verizon Consumer and Verizon Business. The Consumer division focuses on delivering a wide range of telecommunications services tailored to individual customers. On the other hand, the Business division is dedicated to meeting the unique needs of enterprise customers, offering comprehensive solutions to enhance their productivity and connectivity.

This well-defined corporate structure allows Verizon to effectively manage its operations, provide dedicated services to different customer segments, and adapt to the evolving needs of the telecommunications market.