Investor directory

Verizon

Verizon Communications Inc. is a leading telecommunications company headquartered in New York, founded in 1983. It offers a wide array of communication, information, and entertainment products and services to consumers, businesses, and government entities globally. The Consumer segment provides various service plans, internet access, wireless devices, and residential connectivity solutions, including broadband and video services. As of the latest data, Verizon serves approximately 102 million wireless retail connections and millions of broadband and video connections. The Business segment delivers network connectivity products, voice services, unified communications, and data solutions, supporting a diverse range of enterprise needs. Verizon also focuses on innovation through strategic partnerships and initiatives, such as 5G development and venture investments in emerging technologies. With a robust wireless network and extensive service offerings, Verizon plays a crucial role in enhancing connectivity and driving technological advancement.

Focus

Scale StageEarly VentureSeries BSeries AAcquisitionShow more
http://verizonopeninnovation.com
http://www.verizon.com
http://www.verizonfoundation.org
http://www.verizonvehicle.com
http://www.verizonventures.com
http://www.verizonwireless.com
https://crunchbase.com/organization/verizon
https://facebook.com/verizon
https://linkedin.com/company/verizon-wireless
https://signal.nfx.com/firms/verizon-ventures
https://twitter.com/verizon
https://www.capitaliq.com/CIQDotNet/company.aspx?companyId=112161125
https://www.privateequityinternational.com/database/#/profile?id=19106

Robert A. Varettoni

Executive Director, Media Relations

Past deals in Telecommunications

Straight Path Communications

Acquisition in 2017
Straight Path Communications Inc. owns and licenses millimeter wave spectrum configured for 5G wireless services for the United States. The company offers its services for mobile network operators and internet service providers. The company was incorporated in 2013 and is based in Glen Allen, Virginia. As of February 28, 2018, Straight Path Communications Inc. operates as a subsidiary of Verizon Communications Inc.

XO Holdings

Acquisition in 2016
XO Holdings operates through its subsidiary, XO Communications, LLC, which provides a range of telecommunications services in the United States and internationally. The company manages an integrated fiber optic network that delivers various networking solutions, including bandwidth on demand, wide area networking, and Internet access. It specializes in unified communications, offering services such as hosted PBX, voice over IP, and traditional voice services. Additionally, XO Communications provides cloud computing, colocation, and managed services, along with security solutions and wholesale services targeting telecommunications carriers and other service providers. Its clientele includes enterprise, small, and medium businesses across various sectors, such as finance, healthcare, media, and retail. Founded in 2000 and headquartered in Herndon, Virginia, XO Communications operates as a subsidiary of Verizon Communications Inc.

Zenverge

Series E in 2013
Zenverge is a fabless semiconductor company specializing in the development of integrated circuits (ICs) that facilitate content storage, playback, and interoperability for digital media products. The company’s solutions are tailored to meet the advanced requirements of digital media across various sectors, including set-top boxes, media gateways, Blu-ray players, HDTVs, and media PCs. Led by a team of experienced industry professionals, Zenverge has a proven track record of delivering innovative technologies that enhance the end-to-end media flow from broadcasting to home devices. The company's products aim to connect broadcast content with IP-enabled devices, addressing the growing demand for seamless digital media experiences. Zenverge operates as a privately held entity with support from prominent investors.

Zenverge

Venture Round in 2012
Zenverge is a fabless semiconductor company specializing in the development of integrated circuits (ICs) that facilitate content storage, playback, and interoperability for digital media products. The company’s solutions are tailored to meet the advanced requirements of digital media across various sectors, including set-top boxes, media gateways, Blu-ray players, HDTVs, and media PCs. Led by a team of experienced industry professionals, Zenverge has a proven track record of delivering innovative technologies that enhance the end-to-end media flow from broadcasting to home devices. The company's products aim to connect broadcast content with IP-enabled devices, addressing the growing demand for seamless digital media experiences. Zenverge operates as a privately held entity with support from prominent investors.

Zenverge

Series D in 2011
Zenverge is a fabless semiconductor company specializing in the development of integrated circuits (ICs) that facilitate content storage, playback, and interoperability for digital media products. The company’s solutions are tailored to meet the advanced requirements of digital media across various sectors, including set-top boxes, media gateways, Blu-ray players, HDTVs, and media PCs. Led by a team of experienced industry professionals, Zenverge has a proven track record of delivering innovative technologies that enhance the end-to-end media flow from broadcasting to home devices. The company's products aim to connect broadcast content with IP-enabled devices, addressing the growing demand for seamless digital media experiences. Zenverge operates as a privately held entity with support from prominent investors.

Verizon

Series B in 2010
Verizon Communications Inc. is a major player in the telecommunications industry, offering a wide range of communication, information, and entertainment services to consumers, businesses, and governmental entities globally. The company operates America’s largest wireless network, serving over 108 million retail connections, and provides both postpaid and prepaid service plans, as well as Internet access and wireless devices, including smartphones and tablets. Its residential services include Internet, video, and voice solutions, while its business segment offers network connectivity products, Internet protocol-based voice services, and various management and data security services. Verizon is also involved in innovation through strategic partnerships and investments in emerging technology companies. Founded in 1983 and headquartered in New York, Verizon has evolved from its origins as Bell Atlantic Corporation and continues to shape the way people and organizations connect.

Alltel

Acquisition in 2008
Alltel is a telecommunications company based in Rockport, Texas, that offers a range of wireless communication services, products, and solutions to both consumers and businesses. The company caters to various industries, including transportation, retail, insurance, healthcare, construction, and financial services. Alltel's wireless offerings encompass voice and data communication, postpaid and prepaid calling cards, roaming and long-distance services, and data solutions. Additionally, the company provides text and video messaging, digital gaming, radio streaming, internet access, and email services. Its business solutions include business intelligence, field service automation, security, and systems management, alongside a selection of mobile handsets and accessories. Alltel operates as a subsidiary of Verizon Wireless and AT&T.

MCI

Acquisition in 2005
MCI Communications was the second-largest long-distance telecommunications service provider in the U.S. until its purchase by WorldCom. MCI was founded in 1963 and operated microwave relay stations and provided two-way radio services to truck drivers and barges. The company grew with a strategy of mergers and acquisitions, and by going public with large amounts of capital being available at its disposal. By 1990, MCI was the second-largest telecommunications company in the U.S. The company ran into difficulty as a result of U.S. regulatory laws and in 1997 the company was purchased by WorldCom in a deal worth US$ 34.7 million.

Verizon Avenue (dba Verizon Enhanced Communities)

Acquisition in 2000
Verizon Avenue Corporation is a provider of Internet, TV, and phone services to single- and multi-family residential communities, co-ops and condominiums, and multi-tenant commercial properties in the United States.

GTE

Acquisition in 1998
GTE is a provider of telecommunication products and services in the United States. It was formally known as General Telephone & Electronics Corporation. GTE operates in Canada via companies such as BC TEL and Quebec-Téléphone. Prior to GTE's merger with Bell Atlantic, GTE also maintained an interactive television service joint-venture called GTE mainStreet. GTE was established in 1918 and is based in Stamford, Connecticut.