Trends
What is Verizon Fios and what should you consider before buying?
Verizon Communications was formed in 2000 and is the world’s second-largest telecommunications company by revenue. Verizon Fios is a bundled Internet access, telephone, and television service provided by Verizon Communications that operates over a fibre optical network within the United States. Veri…
Headline
Verizon Communications was formed in 2000 and is the world’s second-largest telecommunications company by revenue. Verizon Fios is a bundled Internet access, telephone, and television service provided by Verizon Communications that operates over a fibre optical network within…
Context
Verizon Communications was formed in 2000 and is the world’s second-largest telecommunications company by revenue. Verizon Fios is a bundled Internet access, telephone, and television service provided by Verizon Communications that operates over a fibre optical network within the United States. Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate. The name Verizon derives from the combination of the words veritas, Latin for truth, and horizon.
Evidence
Pending intelligence enrichment.
Analysis
Headquartered in New York City and with a presence around the world, Verizon generated revenues of $134.0 billion in 2023. The company offers voice, data and video services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity and security. Verizon’s mobile network is the second-largest wireless carrier in the United States, with 144.8 million subscribers as of December 31, 2023. It also sells accessories and gear for mobiles and PCs. In 2015, Verizon expanded into content ownership by acquiring AOL , and two years later, it acquired Yahoo! Inc. These two companies were amalgamated into a new division named Oath Inc., which was rebranded as Verizon Media in January 2019, and was spun off and rebranded to Yahoo after its sale to Apollo Global Management. The company was formed in 1984 as Bell Atlantic as a result of the breakup of the Bell System into seven companies, each a Regional Bell Operating Company (RBOC), commonly referred to as “Baby Bells.” As of 2016, Verizon is one of three remaining companies with roots in the former Baby Bells. The other two, like Verizon, exist as a result of mergers among fellow former Baby Bell members.
Key Points
- Headquartered in New York City and with a presence around the world, Verizon offers voice, data and video services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity and security.
- Verizon’s Fios offers high-speed internet, TV, and phone services to residential and business customers. It utilises fibre-optic technology for faster and more reliable connections. Availability varies by location, primarily in the Northeast, Mid-Atlantic, and parts of the South.
- Like other telecom companies, Verizon’s Fios service has indeed faced various legal challenges and criticisms over time, such as net neutrality, Antitrust, carriage disputes and false advertisements.
Actions
Pending intelligence enrichment.
