COMPANY INFO
Verizon Communications Inc. was founded in 1983 originally as Bell Atlantic, a result of the breakup of the Bell System, and later renamed Verizon after merging with GTE in 2000. The company was formed through mergers rather than by individual founders, with key figures including CEO and Chairman Hans Vestberg. Verizon employs approximately 99,600 people as of 2024 and operates in the telecommunications industry. Its official website is verizon.com. Verizon is a leading American telecommunications company providing mobility, network connectivity, and security services to millions of customers worldwide. It serves nearly all of the Fortune 500 companies and offers wireless, broadband, and digital television services, powering how people live, work, and play.
Verizon Communications Inc., founded in 1983 as Bell Atlantic following the breakup of the Bell System, is a leading American telecommunications company headquartered in New York City. It has approximately 99,600 employees as of 2024, operates primarily in the telecommunications industry, and its website is verizon.com. Verizon provides wireless and wireline communications services, including mobile telephony, broadband, and digital television, serving millions of customers across the United States and globally.
Verizon has a notable funding history that spans both public market activity and selective private fundraising. Since its inception, Verizon funding has been shaped by its status as a major telecommunications player and a public company. The company has participated in a total of eight funding rounds, including grants, debt funding, and a significant post-IPO raise. While the total amount raised is substantial, it is largely driven by major financing events—most notably a massive $21.3 billion conventional debt round in February 2006 and an $8.6 billion post-IPO round led by Berkshire Hathaway in 2021. Verizon’s funding strategy is focused on supporting strategic projects with grants, managing capital structure through debt, and leveraging public markets for large-scale expansion. Key investors in Verizon include names such as Berkshire Hathaway, Defense.gov, New York State, and the European Union, demonstrating strong institutional confidence in the company's vision and performance.
This grant was awarded as prize money to support specific projects or initiatives at Verizon, possibly geared towards innovation or government-related programs.
This post-IPO funding round enabled Verizon to raise significant capital from public market investors, led by Berkshire Hathaway. The proceeds likely contributed to ongoing network expansion, 5G rollout, and corporate development activities.
This round was a debt financing event, raising $1 billion through conventional debt instruments to support Verizon’s capital needs, infrastructure investments, and business operations.
Verizon received this grant from New York State to fund projects supporting economic development or technological advancement within New York.
This small grant provided by the European Union was likely directed at supporting a targeted technological or community project.
Funding details were not specified for this minor funding round.
This round had unspecified details and was a small funding event.
The largest single Verizon funding event, this conventional debt round raised $21.3 billion, presumably to support strategic acquisitions, infrastructure expansion, and overall business growth.
Defense.gov, representing the U.S. Department of Defense, awarded recent grant funding to Verizon to support government collaborations or innovation in national security arenas.
Berkshire Hathaway, Warren Buffett’s renowned investment company, played a lead role in the 2021 post-IPO round, signaling robust long-term investor confidence in Verizon. Berkshire’s involvement as a major Verizon investor adds to the presence of institutional backing.
New York State provided a sizable grant in 2018, supporting Verizon’s expansion and technology initiatives within New York, and reflecting the importance of public-private partnerships in driving telecom innovation.
The European Union has funded Verizon through targeted grants, likely aimed at research, development, and future-focused telecommunications projects within its member states.
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