Home Business Verizon Wireless Net Worth & Earnings-How Much Money This Company Makes

Verizon Wireless Net Worth & Earnings-How Much Money This Company Makes

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Verizon Wireless is an American company that is part of Verizon Communications, a multinational telecommunications giant that has been operating successfully for 36 years. History of Verizon Wireless begins 19 years ago, specifically on April 4, in the year of 2000. This company deals with wireless services as well as devices, and as such is among the largest telecommunications providers (second on the list). However, have you ever wondered how much Verizon Wireless net worth is? If so, you are in the right place to get the answer to that question because we have decided to present this information to you as well as a brief history of this telecommunications company. So, if you’re ready, let’s get started.

History of Verizon Wireless

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As we said, Verizon Wireless was founded 19 years ago, in 2000 and is currently headquartered in Basking Ridge, New Jersey, United States. The creation of one such company was actually the project of two major telecommunications companies in the world-American Bell Atlantic (later Verizon Communications) and British company Vodafone. The two companies were owners until 2015 when Verizon Communication fully purchased all the shares from the British conglomerate.

Today, Verizon Wireless has approximately 2330 owned retail stores and employs over 136,000 employees in as many as 150 different locations. Great advances and investments have put Verizon Wireless in second place on the list of top telecommunications providers in the United States right behind AT&T Inc. The main goal of the company is to implement new technologies to make our lives easier. Leading people of the company are Hans Vestberg who is CEO of Verizon Communications, and Ronan Dunne, CEO of Verizon Customers.

Verizon Wireless Network

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As for the network, Verizon Wireless operates a 4G LTE network that successfully covers 98% of the entire area of the United States. The company is dedicated to covering the most rural areas through the Rural America Program, where in cooperation with as many as 21 rural wireless operators it provides a 4G LTE network. This means that about 2.7 million users of their network can use the most up-to-date mobile network popular worldwide.

Of course, since the implementation of the fifth-generation mobile network called 5G has begun, the company has started to develop this network in 2015 in line with the advancement of standards and technology. Interestingly, last year this telecommunications company spent over $235.3 million on the development of telecommunications technologies.

Their service is available on various devices such as home telephones, cellphones, TVs, etc. Whether the smartphone is powered by Android, Windows Phone, iOS or BlackBerry OS, their users can use various services. Also, if you own a basic phone that does not have 4G LTE available, you can still use the 3G network. In general, Verizon Wireless offers excellent data and voice services to all its users. As for home telephones, Verizon Wireless uses cellular networks instead of traditional landlines.

More About Verizon Wireless

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In addition to working on the implementation of the latest technologies and improving the customer experience, this company also engages in other socially beneficial activities. For example, through its various programs, Verizon Wireless often helps students, nonprofits, and the community generally. Over $8.1 million was donated to various nonprofits as well as $9.2 million through their Matching Gifts Program. We must also emphasize the $115 million donated for disaster recovery which was really generous.

Verizon Wireless Net Worth

When it comes to one of the largest telecommunications technologies in the U.S., it’s logical that its profits and net worth are multi-billion. Currently, Verizon Wireless has an estimated net worth of about $131 billion.