Who Owns Verizon Wireless?

What does Verizon own?
Verizon owns Verizon Wireless (the largest U.S. wireless carrier by revenue), Fios (fiber-optic internet and TV service), Visible (a digital-first prepaid wireless brand), Verizon Business (enterprise telecommunications), Verizon Connect (fleet management and IoT), and Frontier Communications (fiber-optic broadband, acquired in January 2026 for $9.1 billion). The company operates all of its brands directly.

Is Verizon publicly traded?
Yes. Verizon trades on the New York Stock Exchange under the ticker symbol VZ. The company is a component of both the S&P 500 and the Dow Jones Industrial Average. No parent company or controlling shareholder exists. Ownership is distributed among institutional investors, index funds, and individual shareholders.

When was Verizon founded?
Verizon Communications was formed on June 30, 2000, through the merger of Bell Atlantic and GTE. Bell Atlantic was one of the seven Regional Bell Operating Companies created after the breakup of AT&T in 1984. GTE was a major independent telecommunications company. The merger combined Bell Atlantic's East Coast presence with GTE's national footprint.

Who is Verizon's CEO?
Dan Schulman has served as CEO since October 2025, succeeding Hans Vestberg, who remains board chairman. Schulman, formerly CEO of PayPal, leads a strategic reset focused on customer experience and convergence; under his early tenure Verizon posted its best quarterly wireless net additions since 2019 and completed the ~$9.1 billion Frontier acquisition on January 20, 2026. Vestberg's prior era delivered the $52.9 billion C-band spectrum wins and national 5G buildout.

What is Verizon's revenue?
For fiscal year 2024, Verizon reported revenue of $134.0 billion and adjusted EBITDA of $47.9 billion. In Q1 2026, revenue was $34.2 billion, up 0.7 percent year-over-year. The company guided to full-year 2026 adjusted EBITDA of $49.0 to $50.0 billion and adjusted EPS of $4.30 to $4.60.

How did Verizon acquire Frontier Communications?
Verizon announced the acquisition of Frontier Communications in September 2024 for $9.1 billion in cash. Frontier, a fiber-optic broadband provider with approximately 2.7 million fiber subscribers, operates in the Northeast and Midwest. The FCC approved the deal in December 2025 with conditions requiring Verizon to expand fiber deployment. The acquisition closed in January 2026 and contributed $1.1 billion in revenue in Q1 2026.

What is Verizon's market share?
Verizon has approximately 35 percent of the U.S. wireless market by retail connections, trailing T-Mobile's approximately 38 percent but ahead of AT&T's approximately 31 percent. Verizon focuses on premium postpaid customers and maintains the highest average revenue per user among the three major carriers.

Does Verizon pay a dividend?
Yes. Verizon pays an annual dividend of $2.86 per share, yielding approximately 6.5 percent as of mid-2026. The company has maintained its dividend for over 18 consecutive years and is considered a reliable dividend stock. Verizon's high dividend yield reflects its stable cash flow generation and mature business model.