Verizon Communications Inc is a holding company that provides communications, technology, information and streaming products and services to consumers, businesses and government entities worldwide. The company operates one of the most extensive wireless networks in the United States and maintains a growing fiber optic footprint that reaches 31 U. S. states and Washington D. C. In addition to connectivity, Verizon offers devices, video services, cloud storage and security solutions designed to meet diverse customer needs.

Verizon generates revenue primarily from wireless and wireline communications services, broadband, video, equipment sales and related offerings. In 2025 the Consumer segment contributed $106.8 billion, representing about 77% of total revenue, while the Business segment contributed $29.1 billion, or roughly 21% of revenue. Consumer revenue stems from retail wireless plans, device payment programs, Fios internet and video, fixed wireless access and ancillary services such as device protection and content subscriptions. Business revenue is derived from mobility services, Internet of Things connectivity, corporate networking, security, managed network services and wholesale provision of capacity to other carriers. Together these streams serve a broad base of individual consumers, enterprises, public sector organizations and wholesale customers.

The company operates through the following segments: Verizon Consumer Group and Verizon Business Group.

• Verizon Consumer Group provides consumer focused wireless and wireline services, including access to one of the nation’s largest 4G LTE and 5G networks, fiber optic broadband through the Fios product line, copper based DSL, fixed wireless access via 5G/4G LTE, and Fios video offerings, while also selling smartphones, tablets and wearables on device payment plans, offering device protection, cloud storage and content subscriptions, and selling wholesale network access to mobile virtual network operators that resell service under their own brands.

• Verizon Business Group supplies wireless and wireline solutions to businesses, public sector entities and other carriers, featuring mobility plans, fixed wireless access, broadband connectivity, Internet of Things platforms, advanced communication services, corporate networking, local and long distance voice, security suites and managed network offerings, while also delivering wholesale capacity to telecommunications carriers and providing specialized services for enterprise, small medium business and government customers.

Verizon is regarded as one of the leading telecommunications providers in the United States, competing chiefly with AT&T Inc. and T Mobile US, Inc. in the wireless market. The company’s competitive advantages stem from its extensive wireless network covering roughly 147 million retail connections, its substantial holdings of low, mid and high band spectrum including C Band and millimeter wave, and its expanding fiber optic infrastructure that now reaches 31 states and the District of Columbia. Additionally, Verizon’s brand reputation, integrated product bundles and investments in network virtualization and open radio access network technologies help differentiate it from rivals.

Verizon serves a diverse customer base that includes individual consumers, small and medium sized businesses, large enterprises and government agencies. Consumer customers purchase wireless plans, home internet, video and related services, while business clients acquire mobility, IoT, networking and security solutions tailored to their operations. Government entities, ranging from federal departments to state and local authorities and educational institutions, rely on Verizon for secure communications, broadband and managed services. Wholesale customers, primarily other telecommunications carriers, buy network capacity to provide services to their own end users.