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[25] [26] [27] The companies established Verizon Wireless as its own business operated by Bell Atlantic, which owned 55% of the venture. [26] Vodafone retained 45% of the company. [26] The deal was valued at approximately $70 billion and created a mobile carrier with 23 million customers.
Fast facts. As of June 30, 2024. Chairman and CEO: Hans Vestberg. 2023 revenue: $134.0 billion. 2023 dividends paid: $11.0 billion, 17th consecutive year of dividend increases. Fortune rank: 31. Stock symbol: VZ (NYSE & Nasdaq) Fortune 500 customers served: 99 percent.
Verizon Communications was created on June 30, 2000 by Bell Atlantic Corp. and GTE Corp., in one of the largest mergers in U.S. business history. GTE and Bell Atlantic evolved and grew through decades of mergers, acquisitions and divestitures.
Verizon (NYSE: VZ) is owned by 62.68% institutional shareholders, 0.23% Verizon insiders, and 37.10% retail investors. Vanguard Group Inc is the largest individual Verizon shareholder, owning 354.04M shares representing 8.41% of the company.
Verizon Communications owned 55 percent of Verizon Wireless while Vodafone retained 45 percent ownership. [6] Regulators with the Federal Communications Commission approved the Bell Atlantic–GTE merger on June 16, 2000, [17] creating the largest wireless company in the United States. [18]
The company's largest shareholder is The Vanguard Group, Inc., with ownership of 8.3%. For context, the second largest shareholder holds about 7.6% of the shares outstanding, followed by an...
A look at the shareholders of Verizon Communications Inc. (NYSE:VZ) can tell us which group is most powerful. Generally speaking, as a company grows, institutions will increase their...
Hedge funds don't have many shares in Verizon Communications. Looking at our data, we can see that the largest shareholder is The Vanguard Group, Inc. with 7.8% of shares outstanding.
The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is ...
Hans Vestberg. Chairman and Chief Executive Officer. As CEO since 2018 and Chairman since 2019, Hans is the architect of Verizon’s 5G network strategy, which powers and empowers how Verizon customers live, work and play.