Verizon Communications Inc
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Verizon Communications Inc
Verizon Communications is a telecommunications company that sells wireless phone service, home internet, and business network services. It also sells smartphones, routers, and other devices that work on its network. Its main customers are consumers, small businesses, large companies, and government users who pay for access to voice, data, and connectivity. Most of Verizon’s money comes from recurring service bills, plus device sales and fees for network-related services. The company earns revenue by connecting customers to its own wireless and fiber networks and by managing communications for businesses that need secure, reliable connections. This makes Verizon less of a software company and more of a network owner that charges for access to its infrastructure. Verizon’s role in the industry is to build, maintain, and sell access to the physical communications pipes people use every day. It competes in a capital-heavy business where strong network coverage, reliability, and customer service matter a lot. That makes the company’s business model straightforward: invest in networks, attract users, and collect recurring payments for connectivity.
Verizon Communications is a telecommunications company that sells wireless phone service, home internet, and business network services. It also sells smartphones, routers, and other devices that work on its network. Its main customers are consumers, small businesses, large companies, and government users who pay for access to voice, data, and connectivity.
Most of Verizon’s money comes from recurring service bills, plus device sales and fees for network-related services. The company earns revenue by connecting customers to its own wireless and fiber networks and by managing communications for businesses that need secure, reliable connections. This makes Verizon less of a software company and more of a network owner that charges for access to its infrastructure.
Verizon’s role in the industry is to build, maintain, and sell access to the physical communications pipes people use every day. It competes in a capital-heavy business where strong network coverage, reliability, and customer service matter a lot. That makes the company’s business model straightforward: invest in networks, attract users, and collect recurring payments for connectivity.
Guidance raised: Verizon lifted 2026 adjusted EPS growth guidance to 5% to 6% from 4% to 5% and said postpaid phone net adds should land in the upper half of its 750,000 to 1 million range.
Strong quarter: The company reported $34.4 billion of revenue, $1.28 of adjusted EPS, and about $3.8 billion of free cash flow, while posting its first positive Q1 postpaid phone net adds in 13 years.
Customer turn: Management said churn improved sharply, acquisition and retention costs fell about 35% in March versus the end of Q4, and the company is shifting away from heavy promotions toward better customer economics.
Broadband momentum: Verizon added 341,000 broadband subscribers and said it remains on track for more than 32 million fiber passings this year, while keeping its longer-term fixed wireless ambitions in place.
AI and cost cuts: Management described a broad transformation program built around 10 work streams and said AI is already lowering costs and improving service, with a 2026 OpEx savings target of $5 billion still on track.
Capital returns: The company repurchased $2.5 billion of stock in Q1, raised the dividend by $0.07 per share in January, and said it remains on track to reduce leverage back to its target range in 2027.
Management
Hans E. Vestberg is a prominent Swedish businessman known for his role as the Chairman and Chief Executive Officer (CEO) of Verizon Communications Inc., a leading telecommunications company in the United States. Vestberg took on the role of CEO in August 2018, succeeding Lowell McAdam. Born on June 23, 1965, in Hudiksvall, Sweden, Vestberg began his career at Ericsson, a multinational networking and telecommunications company headquartered in Sweden, in 1991. Over the years, he held various positions within Ericsson, showcasing his expertise in technology and leadership. Some of his notable roles included serving as the Chief Financial Officer (CFO) and head of global services, and he was appointed as President and CEO of Ericsson from 2010 to 2016. At Verizon, Vestberg has been instrumental in leading the company through significant technological advancements, particularly in the expansion of 5G networks. He emphasizes innovation, customer-focus, and the company’s commitment to delivering superior wireless services. His leadership style has been characterized by a dedication to fostering a collaborative work environment and driving the company towards sustainable growth. In addition to his professional accomplishments, Vestberg is also known for his involvement in various global and industry organizations. He has served on the board of the United Nations Foundation and actively participates in discussions about the role of technology in achieving sustainable development goals. His vision and leadership continue to have a significant impact on Verizon’s strategic direction and the broader telecommunications industry.
Born on June 23, 1965, in Hudiksvall, Sweden, Vestberg began his career at Ericsson, a multinational networking and telecommunications company headquartered in Sweden, in 1991. Over the years, he held various positions within Ericsson, showcasing his expertise in technology and leadership. Some of his notable roles included serving as the Chief Financial Officer (CFO) and head of global services, and he was appointed as President and CEO of Ericsson from 2010 to 2016.
At Verizon, Vestberg has been instrumental in leading the company through significant technological advancements, particularly in the expansion of 5G networks. He emphasizes innovation, customer-focus, and the company’s commitment to delivering superior wireless services. His leadership style has been characterized by a dedication to fostering a collaborative work environment and driving the company towards sustainable growth.
In addition to his professional accomplishments, Vestberg is also known for his involvement in various global and industry organizations. He has served on the board of the United Nations Foundation and actively participates in discussions about the role of technology in achieving sustainable development goals. His vision and leadership continue to have a significant impact on Verizon’s strategic direction and the broader telecommunications industry.
Anthony T. Skiadas is an accomplished financial executive who serves as the Senior Vice President and Chief Financial Officer (CFO) at Verizon Communications Inc. He has been with Verizon for several years, holding various key financial leadership roles within the company. Skiadas has been instrumental in driving Verizon’s financial strategy, overseeing financial planning and analysis, reporting, accounting, and treasury operations. He helps steer the company through its financial initiatives while ensuring fiscal efficiency and integrity. Before becoming CFO, Skiadas held several prominent positions in Verizon, including responsibility for business planning and corporate strategy, playing a significant role in strategic growth initiatives. His experience also encompasses responsibility for investor relations and managing Verizon’s financial reporting and compliance with regulatory requirements. Skiadas holds a Certified Public Accountant (CPA) designation, which underscores his expertise in accounting and finance. His leadership contributes to Verizon’s performance in the highly competitive telecommunications industry.
Skiadas has been instrumental in driving Verizon’s financial strategy, overseeing financial planning and analysis, reporting, accounting, and treasury operations. He helps steer the company through its financial initiatives while ensuring fiscal efficiency and integrity.
Before becoming CFO, Skiadas held several prominent positions in Verizon, including responsibility for business planning and corporate strategy, playing a significant role in strategic growth initiatives. His experience also encompasses responsibility for investor relations and managing Verizon’s financial reporting and compliance with regulatory requirements.
Skiadas holds a Certified Public Accountant (CPA) designation, which underscores his expertise in accounting and finance. His leadership contributes to Verizon’s performance in the highly competitive telecommunications industry.
Kyle Malady is a well-regarded executive at Verizon Communications Inc., where he has held several significant leadership roles. With a career spanning over two decades at Verizon, Malady has been instrumental in driving the company's technological advancements and network innovations. He has served as the Chief Technology Officer (CTO), where he was responsible for overseeing the development and implementation of Verizon’s network infrastructure. Under his guidance, Verizon has made significant strides in deploying 5G technology, ensuring that the company remains at the forefront of telecommunication advancements. Malady is known for his deep understanding of network operations and his ability to lead complex projects that enhance connectivity and customer experience. His leadership style emphasizes innovation and operational excellence, making him a key figure in Verizon's continuous growth and adaptation to new technological landscapes. Before his role as CTO, Malady held several other positions within Verizon, contributing to network planning and engineering. His extensive background in the industry has equipped him with a wealth of knowledge in both wireline and wireless technologies, making him a pivotal player in Verizon's success.
He has served as the Chief Technology Officer (CTO), where he was responsible for overseeing the development and implementation of Verizon’s network infrastructure. Under his guidance, Verizon has made significant strides in deploying 5G technology, ensuring that the company remains at the forefront of telecommunication advancements.
Malady is known for his deep understanding of network operations and his ability to lead complex projects that enhance connectivity and customer experience. His leadership style emphasizes innovation and operational excellence, making him a key figure in Verizon's continuous growth and adaptation to new technological landscapes.
Before his role as CTO, Malady held several other positions within Verizon, contributing to network planning and engineering. His extensive background in the industry has equipped him with a wealth of knowledge in both wireline and wireless technologies, making him a pivotal player in Verizon's success.
Sowmyanarayan Sampath is a prominent executive at Verizon Communications Inc. He currently serves as the Executive Vice President and CEO of Verizon Consumer Group. He is responsible for overseeing Verizon's consumer segment, which includes wireless and wireline services for its consumer market. Sowmyanarayan joined Verizon in 2014 and has held several key leadership positions within the company, contributing significantly to its strategic growth and operational efficiency. Before his current role, he was the Chief Revenue Officer for Verizon Business, where he played a crucial part in driving the company's revenue streams and enhancing customer relationships. His professional experience is deep-rooted in telecommunications and business strategy, with a proven track record of fostering innovation and transformation within large organizations. Sowmyanarayan Sampath holds advanced degrees from prestigious institutions, which have equipped him with the knowledge and skills to excel in the rapidly evolving telecommunications industry. His leadership style is often described as visionary and inclusive, focused on aligning company goals with customer needs and market trends.
Before his current role, he was the Chief Revenue Officer for Verizon Business, where he played a crucial part in driving the company's revenue streams and enhancing customer relationships. His professional experience is deep-rooted in telecommunications and business strategy, with a proven track record of fostering innovation and transformation within large organizations.
Sowmyanarayan Sampath holds advanced degrees from prestigious institutions, which have equipped him with the knowledge and skills to excel in the rapidly evolving telecommunications industry. His leadership style is often described as visionary and inclusive, focused on aligning company goals with customer needs and market trends.
Santiago Tenorio is a seasoned telecommunications professional currently serving as the Executive Vice President and Chief Technology Officer (CTO) of Verizon Communications Inc. With a robust background in network technology and innovation, Tenorio plays a pivotal role in steering Verizon's technological advancements, particularly in next-generation wireless networks and infrastructure development. Known for his strategic vision and leadership, he is instrumental in shaping Verizon's technological roadmap, focusing on enhancing network capabilities and improving customer experience. His contributions have been significant in advancing Verizon's goals in the competitive telecom landscape, emphasizing innovation, reliability, and efficiency. Prior to his role at Verizon, Tenorio accumulated extensive industry experience, further enriching his expertise and leadership acumen.
Brady Connor, CPA, is a noted executive at Verizon Communications Inc., where he serves as the Senior Vice President and Treasurer. In his role, he is responsible for overseeing Verizon's global capital markets, cash management, and pension investment management. Brady Connor plays a significant role in formulating and implementing financial strategies that support the company’s business objectives and growth initiatives. With a strong background in finance and accounting, Connor brings expertise in managing corporate finance operations, optimizing capital structure, and enhancing shareholder value. His leadership and strategic insights contribute to Verizon's financial health and resilience in the telecommunications industry. Brady Connor is also a Certified Public Accountant (CPA), which underscores his proficiency and commitment to maintaining high standards of financial practices and accountability. His career reflects a trajectory of roles with increasing responsibility, demonstrating both his competence and leadership within Verizon and the broader financial community.
With a strong background in finance and accounting, Connor brings expertise in managing corporate finance operations, optimizing capital structure, and enhancing shareholder value. His leadership and strategic insights contribute to Verizon's financial health and resilience in the telecommunications industry.
Brady Connor is also a Certified Public Accountant (CPA), which underscores his proficiency and commitment to maintaining high standards of financial practices and accountability. His career reflects a trajectory of roles with increasing responsibility, demonstrating both his competence and leadership within Verizon and the broader financial community.
Vandana Venkatesh is a prominent executive at Verizon Communications Inc., where she serves as the Executive Vice President and Chief Legal Officer. In her role, she oversees the company's legal, regulatory, and public policy matters. Venkatesh's leadership is instrumental in shaping Verizon's strategic direction and ensuring compliance with the legal and regulatory framework affecting the telecommunications industry. Before taking on the role of Chief Legal Officer, Venkatesh held various positions within Verizon, where she gained extensive experience in legal affairs and corporate governance. Her expertise includes handling complex legal issues, providing guidance on regulatory compliance, and advising on strategic transactions. Venkatesh is known for her strong leadership skills and her ability to navigate complex legal landscapes while driving Verizon's business objectives. Her contributions have been crucial in helping Verizon maintain its position as a leader in the telecommunications sector.
Before taking on the role of Chief Legal Officer, Venkatesh held various positions within Verizon, where she gained extensive experience in legal affairs and corporate governance. Her expertise includes handling complex legal issues, providing guidance on regulatory compliance, and advising on strategic transactions.
Venkatesh is known for her strong leadership skills and her ability to navigate complex legal landscapes while driving Verizon's business objectives. Her contributions have been crucial in helping Verizon maintain its position as a leader in the telecommunications sector.
Stacy Sharpe is an executive with extensive experience in corporate communications and public relations. She joined Verizon Communications Inc. as Senior Vice President of Corporate Communications in August 2022. In this role, she is responsible for developing and executing the company's communications strategies to enhance its reputation and support its business objectives. Sharpe oversees internal and external communications programs, including media relations, executive communications, and employee engagement efforts. Before joining Verizon, Stacy Sharpe had a significant career at Allstate, where she served in various leadership roles, such as Senior Vice President of Corporate Relations. Her background includes managing communications during critical issues and ensuring consistent messaging across various stakeholders. Her leadership in strategic communications has been instrumental in building trustworthy relationships with media and influencing public perception positively. Sharpe holds a degree in journalism from Northwestern University, further grounding her expertise in communication strategies.
Before joining Verizon, Stacy Sharpe had a significant career at Allstate, where she served in various leadership roles, such as Senior Vice President of Corporate Relations. Her background includes managing communications during critical issues and ensuring consistent messaging across various stakeholders.
Her leadership in strategic communications has been instrumental in building trustworthy relationships with media and influencing public perception positively. Sharpe holds a degree in journalism from Northwestern University, further grounding her expertise in communication strategies.
Leslie Berland is not associated with Verizon Communications Inc. Instead, she is known for her previous roles in the technology and media sectors, most notably at Twitter and American Express. At Twitter, she served as the Chief Marketing Officer and Head of People, where she was responsible for managing the company's global consumer, product, and sales marketing as well as internal and external communications. Before joining Twitter, Berland had a long tenure at American Express, where she worked in various capacities, including as Executive Vice President of Global Advertising, Marketing & Digital Partnerships. In this role, she was involved in developing marketing initiatives and forging digital partnerships to expand and enhance American Express's customer engagement and brand perception. Leslie Berland is recognized for her expertise in marketing, communications, and her ability to drive innovation within organizations. Her work has consistently focused on enhancing brand visibility and creating meaningful connections between brands and their audiences. Her contributions to these fields have made her a prominent figure in the world of marketing and communications. If you meant a different Leslie Berland associated with Verizon, please let me know, as this seems to be a case of mistaken identity.
Before joining Twitter, Berland had a long tenure at American Express, where she worked in various capacities, including as Executive Vice President of Global Advertising, Marketing & Digital Partnerships. In this role, she was involved in developing marketing initiatives and forging digital partnerships to expand and enhance American Express's customer engagement and brand perception.
Leslie Berland is recognized for her expertise in marketing, communications, and her ability to drive innovation within organizations. Her work has consistently focused on enhancing brand visibility and creating meaningful connections between brands and their audiences. Her contributions to these fields have made her a prominent figure in the world of marketing and communications.
If you meant a different Leslie Berland associated with Verizon, please let me know, as this seems to be a case of mistaken identity.
