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  • Rank41
  • Previous Rank42
  • CEO
    Lowell C. McAdam
  • Address
    1095 Ave. of the Americas, New York, NY 10036
  • Websitehttp://www.verizon.com
  • Industry
    Telecommunications

The largest wireless provider in the U.S. recently inked a $4.4 billion deal to buy AOL in an effort to expand its video capabilities as it seeks to lure cord-cutters. Verizon’s CEO Lowell McAdam said the company pursued the AOL deal to gain its advertising platform, too, as opposed to a severe change in strategy. Last year, Verizon laid of about 1,000 employees last year through buyouts, although that’s a small sum compared to its behemoth workforce of over 170,000 employees. The company saw growth in its operating revenues last year with growth in the number of FiOS Internet and video subscribers as well. Through it all, sales saw a 5% boost for the year.

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Company Information

CEO
Lowell C. McAdam
Industry
Telecommunications
Sector
Telecommunications
HQ Location
New York, NY
Websitehttp://www.verizon.com
Years on List21

Key Financials (last fiscal year)

($ Millions)% change
Revenues127,0795.4%
Profits9,625-16.3%
Assets232,708-
Employees177,300-

Profits as a % of

Profit as % of Revenues7.6%
Profits as % of Assets4.1%
Profits as % of Stockholder Equity78.3%