Wireless services account for 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 94 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast that reach about 30 million homes and businesses, including about 20 million served by the Fios fiber-optic network. Verizon closed its acquisition of Frontier Communications in January, adding networks that reach another 15 million locations, including 9 million with fiber. These networks serve about 11 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, using a mix of its own and other networks.

For the past decade-plus, the performance record has favored growth stocks over value. Yet the tide may be changing. In 2025, value stocks and growth stocks had similar returns, with growth advancing 13.8% and value returning 13.6%. More than halfway through 2026, value stocks have climbed 16.8% while growth stocks have returned 5.7%. The post COVID-19 economy gave a lift to some of the cyclical companies (energy and regional banks), and value stocks outpaced growth stocks that year. While growth stocks led for a few years after that, history has shown other instances where value stocks have outperformed. Value stocks tend to be more resilient in times of market uncertainty and higher volatility as they are less likely to overreact to economic news. Another factor, in our view, has been the level of interest rates. If interest rates are high, discount rates will be high, and future profits will be worth less, creating an unfavorable environment for growth stocks. In any event, the value sector is the place to achieve income.

Wireless services account for 70% of Verizon Communications' total service revenue and nearly all of its operating income. The firm serves about 94 million postpaid and 20 million prepaid phone customers via its nationwide network, making it the largest US wireless carrier. Fixed-line telecom operations include local networks in the Northeast that reach about 30 million homes and businesses, including about 20 million served by the Fios fiber-optic network. Verizon closed its acquisition of Frontier Communications in January, adding networks that reach another 15 million locations, including 9 million with fiber. These networks serve about 11 million broadband customers. Verizon also provides telecom services nationwide to enterprise customers, using a mix of its own and other networks.

Verizon is a leader in the U.S. telecommunications industry. The company was created in July 2000 when Bell Atlantic and GTE merged. Operations include fiber and broadband, 5G and 4G LTE network capabilities, and Multi-Access Edge Computing (MEC) infrastructure. Fios by Verizon provides bundled internet, television, and telephone service in nine states with seven million digital connections. Revenues in 2025 were $138 billion. The company is focused on growing its subscribers and broadband footprint through acquisitions. As of the beginning of 2026, the company had just under 147 million wireless retail connections and over 16 million fixed wireless and fiber broadband connections. The company has FCC spectrum licenses to provide wireless services on low- to mid-band spectrum covering nearly all of the U.S. population. Verizon also has licenses for millimeter wave spectrum and citizens broadband radio service. The company also has wholesale wireline services. Verizon is a component of the S&P 500. The current market cap is $201 billion.