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You probably don't think of Verizon Communications (NYSE: VZ) as an artificial intelligence (AI) stock. After all, it's a boring old telecommunications giant, far removed from the exciting world ...
Verizon Communications Inc. (/ v ə ˈ r aɪ z ən / və-RY-zən), is an American telecommunications company headquartered in New York City. [3] It is the world's second-largest telecommunications company by revenue and its mobile network is the largest wireless carrier in the United States, with 146 million subscribers as of December 31, 2024.
In a news release dated February 22, 2016, Verizon announced plans to acquire XO Communications' "fiber-optic network business." [3] [4] In 2017, Verizon completed its $1.8 billion acquisition of XO Communications. [5] [6] As of summer 2020 all XO services have been migrated to Verizon.
CTO of Verizon Communications (2017–2018) [1] CEO of Verizon (2018–present) [ 2 ] Hans Vestberg (born 23 June 1965) is the CEO and Chairman of Verizon, where he has worked as executive vice president of the company's network and technology team, and as chief technology officer.
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