14 - Verizon Communications

A customers walks into a Verizon Communications Inc. store in San Francisco, California, U.S., on Monday, Jan. 23, 2017. Photo credit: David Paul Morris — Bloomberg via Getty Images

It has been an acquisitive year for telecommunications giant Verizon. In the span of a few months the company announced that it would acquire both AOL and Yahoo as it works to load its formidable network still the most comprehensive and widespread in the U.S. with content in a bid to keep a highly competitive (and highly lucrative) market from turning into a commodity business. The company is dead-set on a mobile, digital future and has been investing in next-generation 5G wireless technology as well as the multitrillion-dollar Internet of things opportunities it enables. Verizon was founded in 1983 and is headquartered in New York City.

Key Metrics & Financials (Last Fiscal Year)

Revenues ($M)$125980
Revenue Percent Change-4.3%
Profits ($M)$13,127.0
Profits Percent Change-26.6%
Assets ($M)$244180
Market Value — as of March 31, 2017 ($M)$198,900
Previous Rank13
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Company Facts

HQ LocationNew York, NY
CEOLowell C. McAdam
CEO Title-
Years on Fortune 500 List23

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