Verizon Communications Business Model | Business Model Navigator

Overview:

Verizon Communications Inc., or simply Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is based at 1095 Avenue of the Americas in Midtown Manhattan, New York City, but is incorporated in Delaware. In 1984, the Justice Department of the United States mandated AT&T Corporation to break up the Bell System and split into seven companies, called 'Baby Bells'. One of the baby bells, Bell Atlantic, came into existence in 1984 consisting of the separate operating companies New Jersey Bell, Bell of Pennsylvania, Diamond State Telephone, and C&P Telephone, with a footprint from New Jersey to Virginia. This company would later become Verizon.

Industries:

Information Technology

Services

Similar firms (based on pattern co-occurrence):

2 shared patterns

Business Model Patterns:

Flat Rate

How they do it: Already in 2000, Verizon introduced nationwide, flat-rate pricing options for consumers and businesses. Today, Verizon customers can subscribe to an unlimited plan (voice, data and text) for as little as $40 per month.

Leverage Customer Data

How they do it: Verizon is among a number of american telecommunication companies who are leveraging customer data by selling them in an anonymized and aggregated format to third parties. Buyers of this data may generate insights from these usage statistics (e.g. identify possible locations for opening up a retail location based on mobile data patterns).

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