Verizon Consumer is a Privately Owned company headquartered in the US and operates as a division of Verizon. Founded in 2000, the company employs approximately 94,680 individuals and reported $106.8B in revenue as of 2025. It specializes in telecoms, serving as a primary provider of wireless and wireline telecommunications to more than 115 million individual customers and households in the United States. Its operational strategy emphasizes a digital-first, customer-centric model aimed at simplifying service plans and integrating high-speed 5G Home Internet with its Fios fiber-optic infrastructure. The Consumer Group also develops a lifestyle ecosystem through its "myPlan" offerings, which bundle entertainment and productivity perks such as Disney+, Netflix, and Apple One directly into mobile subscriptions.
Verizon will provide 5G Standalone and LTE connectivity directly to BMW Group vehicles in the U.S., delivering telematics support for the BMW Connected Drive system in newly manufactured vehicles, a deal announced on July 10, 2026, that stems from Verizon’s long-term partnership with KDDI. Earlier the same day, Goldman Sachs secured mandates to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin, covering both traditional defined-benefit pensions and 401(k)-style defined-contribution retirement plans. This followed the July 9, 2026, announcement that Verizon's network chief, Joe Russo, would retire after a 30-year tenure, having espoused a philosophy that the network should remain "invisible."
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Verizon Consumer offers 8 products in the media and telecoms services industry. Verizon Consumer's product portfolio comprises of telecoms, consumer electronics and media and TV services.
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Verizon Consumer's revenues were over $1B in 2025. Caretta Research has split Verizon Consumer's revenue into 6 different product categories, the largest of which is mobile services. For full access to Verizon Consumer's revenue breakdown subscribe to Caretta Portal.
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