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 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 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).
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 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 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 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 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 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.
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.
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 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).
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 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.
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