Highest-materiality recent filing
Verizon forms 50/50 JV with BT, expects $700M-$800M Q2 loss on held-for-sale classification
Joint venture with BT Group plc: Verizon contributes international wireline business, pays $625M to NewCo (for BT); owns 50% of NewCo.
Verizon finalizes debt exchange for 11 note series; accepts $161M, obtains consents
Total principal amount of old notes accepted for exchange was approximately $161.4 million across 11 series.
Early participation date extended to 5:00 p.m. NY time on June 16, 2026, matching the final expiration.
Verizon shareholders approve 2026 Long-Term Incentive Plan, re-elect all directors
All nine director nominees elected; Carol Tomé received 2.73B for (highest), Shellye Archambeau 2.52B for (lowest).
Verizon closes $4B junior subordinated notes offering at 6.050% and 6.200%
Offered $2B of 6.050% Fixed-to-Fixed Rate Junior Subordinated Notes due 2058 and $2B of 6.200% notes due 2056.
Verizon launches exchange and cash tender offers for ~$946M of notes; seeks covenant amendments
Exchange offers cover 11 series of notes aggregating ~$945.6M; new notes have same economic terms as old notes.
Verizon 1Q26: Rev $34.4B, Adj EPS $1.28 (+7.6%), raises FY guidance to 5-6% growth
Adj EPS $1.28 (+7.6% YoY); FY26 adj EPS guidance raised to $4.95-$4.99 (5-6% growth).
Consumer and Business revenue now reported as mobility/broadband service, wireless equipment, and other starting Q1 2026.
Verizon closes €2.25B and £600M junior subordinated notes offerings due 2056
Closed sale of €2.25B 4.2462% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056.
Verizon director Clarence Otis Jr. to not stand for re-election at 2026 annual meeting
Clarence Otis, Jr. informed Verizon on Feb. 4, 2026 he will not stand for re-election at the 2026 annual meeting.
Verizon Consumer CEO Sampath departs; advisory role until March 27, 2026
Sowmyanarayan Sampath ceases as EVP and Group CEO - Verizon Consumer, effective Feb 4, 2026.
Verizon Q4 2025 Adj EPS $1.09, revenue $36.4B; 2026 Adj EPS guide $4.90-$4.95; postpaid adds 616k
Q4 2025 EPS $0.55; adjusted EPS $1.09; revenue $36.4B; consolidated adjusted EBITDA $11.9B.
Verizon unveils $55B capital return plan; raises dividend 2.5%, authorizes $25B buyback
Quarterly dividend raised to $0.7075 per share, a 2.5% annualized increase ($0.07 per share more than prior annual rate).
Verizon completes $38.50/share acquisition of Frontier Communications on Jan 20, 2026
Frontier shares converted into $38.50 cash per share, without interest.
Verizon amends PSU award terms for exec Daniel H. Schulman; $30M target, Q1 2026 grant
Amendment to Oct 13, 2025 letter agreement approved Jan 8, 2026 for Daniel H. Schulman.
Verizon appoints Jennifer K. Mann to Human Resources Committee
Jennifer K. Mann appointed to Verizon's Human Resources Committee effective December 4, 2025.
Verizon expects $1.6B-$1.8B severance charge in Q4 2025, cutting over 13,000 jobs
Severance charge of $1.6B-$1.8B expected in Q4 2025 as part of workforce reduction.
Verizon closes €2.25B and £1B junior subordinated note offerings
Issued €2.25B of 3.9962% Fixed-to-Fixed Rate Junior Subordinated Notes due 2056.
Verizon Q3 2025: EPS $1.17, revenue $33.8B up 1.5%; reaffirms FY guidance; CEO outlines new vision
GAAP EPS $1.17 vs $0.78 YoY; adjusted EPS $1.21 vs $1.19 YoY.
Verizon CEO Schulman receives $1.5M salary, $30M PSU; execs get $4M retention RSUs
CEO annual base salary of $1.5M; target short-term incentive 250% of salary, prorated for FY2025.
Verizon appoints Dan Schulman as CEO; Hans Vestberg becomes Special Advisor through 2026
Dan Schulman, former PayPal CEO and Verizon Independent Lead Director, appointed CEO effective immediately.
Verizon elects Coca-Cola's Jennifer K. Mann to board of directors
Jennifer K. Mann, EVP and President of Coca-Cola's North America Operating Unit, elected as director effective August 25, 2025.
Verizon raises FY2025 guidance after strong Q2; adjusted EPS $1.22 beats $1.15 YoY
Q2 GAAP EPS $1.18 (vs $1.09 YoY); adjusted EPS $1.22 (vs $1.15).
Verizon appoints Caroline Litchfield to Audit and Governance committees
Caroline A. Litchfield appointed to Audit Committee and Corporate Governance and Policy Committee, effective June 26, 2025.
Verizon announces final results of exchange offers and cash tender offers for 10 series of notes
Verizon accepted ~$2.2B of Old Notes in exchange for new 5.401% Notes due 2037; settlement expected June 25, 2025.
Verizon announces preliminary results of exchange and cash offers for 10 series of notes
Exchange offers expired June 18, 2025; Verizon will issue up to $2.5B in new 5.401% Notes due 2037 for old notes tendered.
Verizon announces pricing terms for $2.5B private exchange and cash tender offers on 10 note series
New 5.401% notes due July 2, 2037 offered in exchange for 10 series of outstanding notes; $2.5B aggregate cap.
Verizon launches $2.5B exchange and cash tender offers for 10 note series
Private exchange offers for 10 series of old notes (total outstanding ~$17.4B) in exchange for new notes maturing July 2, 2037.
All 10 director nominees elected; CEO Hans Vestberg received 2,535M for vs 214M against (8% opposed).
Verizon Q1 2025: EPS $1.15, revenue $33.5B (+1.5%), wireless service revenue $20.8B
EPS $1.15 (adj. $1.19) vs $1.09/$1.15 YoY; net income $5.0B vs $4.7B.
CEO Hans Vestberg's 2025 LTI target raised from $18M to $25M, split 67% PSUs and 33% RSUs.
Verizon warns Q1 postpaid phone net adds pressured by churn; gross adds flat to down
Consumer postpaid phone churn expected to rise 3-5 bps YoY in Q1 2025 due to pricing actions.
Verizon director Rodney E. Slater will not seek re-election at 2025 annual meeting
Rodney E. Slater informed Verizon on Feb 5, 2025 that he will not stand for re-election.
Verizon Q4 2024 EPS $1.18; adds 568K postpaid phone subs; guides 2025 wireless rev growth 2-2.8%
Q4 EPS $1.18 (vs $(0.64) YoY); adjusted EPS $1.10 (vs $1.08). Revenue $35.7B (+1.6% YoY).
Board approved Bylaw amendments effective December 5, 2024.
Verizon Q3 2024: EPS $0.78, adj EPS $1.19; wireless service revenue +2.7% YoY; reaffirms FY guidance
Retail postpaid phone net adds of 239,000, more than double YoY; total broadband net adds 389,000.
Reached prior FWA subscriber goal of 4–5M 15 months early; now targets 8–9M by 2028.
Verizon agrees to $3.3B tower sale-leaseback of 6,339 towers to Vertical Bridge
Vertical Bridge will lease, operate and manage 6,339 Verizon towers in all 50 states for ~$3.3B total.
Verizon expects $1.7B-$1.9B severance charge in Q3 2024; 4,800 to separate
Voluntary separation program for U.S. management employees: ~4,800 eligible; over half exit Sept 2024, rest by March 2025.
Verizon CEO details $20B Frontier acquisition at Goldman conference; fiber passings to reach ~30M
$20 billion acquisition of Frontier Communications discussed; fiber footprint to expand to nearly 30M passings by 2026.
Verizon to acquire Frontier for $38.50/share cash in $20B deal, expands fiber network
All-cash acquisition valued at $20B enterprise value; $38.50 per share, 43.7% premium to Frontier's 90-day VWAP.
Verizon to acquire Frontier Communications, expands fiber footprint to ~30M homes by 2026
Deal expected to deliver $500M run-rate cost synergies, half from network and half from go-to-market/G&A.
Verizon completes exchange offers for 10 note series, issues $25.8M of 4.780% notes due 2035
Exchange offers expired Aug 19, 2024; final settlement Aug 21; all conditions satisfied.
As of Aug 2, ~$2.23B aggregate principal of 10 note series validly tendered; all accepted with no proration.
Verizon amends exchange offer terms, increases new note spread to 107 bps
Spread increased from 100 bps to 107 bps over the 4.375% U.S. Treasury due May 15, 2034.
Verizon Q2 revenue $32.8B (+0.6%); wireless service revenue +3.5%; reaffirms 2024 guidance
Wireless service revenue of $19.8B, up 3.5% YoY; 148k retail postpaid phone net adds.
Offers to exchange up to $2.5B aggregate principal amount of new 2.0% notes due 2035 for 10 series of notes maturing 2025 to 2028.
Verizon elects Merck CFO Caroline Litchfield to board, effective Oct 1, 2024
Caroline A. Litchfield, EVP and CFO of Merck & Co., elected to Verizon's Board of Directors effective October 1, 2024.
Verizon EVP & President of Global Services Craig Silliman to step down effective July 1, 2024
Craig L. Silliman to step down as EVP and President - Verizon Global Services effective July 1, 2024.
Verizon 2024 annual meeting results: all directors elected, all shareholder proposals defeated
Director nominees elected with majority support; Hans Vestberg received 237.5M votes against (about 9% of votes cast).
On February 5, 2025, Rodney E. Slater, a member of the Board of Directors of Verizon Communications Inc. (Verizon), informed Verizon that he will not stand for re-election when his term expires at Verizon’s 2025 annual meeting of shareholders.
On June 27, 2024, the Board of Directors of Verizon Communications Inc. (Verizon) elected Caroline A. Litchfield, Executive Vice President and Chief Financial Officer of Merck & Co., Inc., as a director, effective October 1, 2024.
Verizon Communications Inc. (“Verizon”) announced that Craig L. Silliman, Verizon’s Executive Vice President and President - Verizon Global Services, would step down from his current position effective July 1, 2024.
On January 18, 2024, Melanie L. Healey, a member of the Board of Directors of Verizon Communications Inc. (Verizon), informed Verizon that she will not stand for re-election when her term expires at Verizon’s 2024 annual meeting of shareholders.
On March 2, 2023, the Verizon Board of Directors appointed Anthony T. Skiadas, Verizon’s Senior Vice President and Controller, to succeed Matthew D. Ellis as Verizon’s Executive Vice President and Chief Financial Officer, effective May 1, 2023.
Mr. Ellis will leave Verizon on May 1, 2023.
On March 2, 2023, the Verizon Board of Directors appointed Mary-Lee Stillwell to succeed Mr. Skiadas as Verizon’s Senior Vice President and Controller, effective May 1, 2023.
On March 2, 2023, the Verizon Board of Directors appointed Kyle Malady, Verizon’s Executive Vice President and President - Global Networks & Technology, as Verizon’s Executive Vice President and Group CEO - Verizon Business, effective immediately.
On November 4, 2022, the Board of Directors of Verizon Communications Inc. (Verizon) elected Vittorio Colao, former Italian Minister for Innovation, Digital Transition and Space, and former Chief Executive of Vodafone Group Plc, as a director, and appointed him to the Corporate Governance and Policy Committee and the Finance Committee, effective November 4, 2022.
Ms. Erwin will depart from Verizon effective September 30, 2022.
Ronan Dunne, Strategic Advisor to the Chairman and Chief Executive Officer of Verizon Communications Inc. (Verizon) Hans Vestberg and former Executive Vice President and Group CEO - Verizon Consumer, will depart from Verizon effective September 30, 2022.
Tami A. Erwin, Verizon’s Executive Vice President and Group CEO - Verizon Business, would step down from her current position effective July 1, 2022.
Max materiality 0.90 · Median 0.57 · Most common event debt