The top Verizon Competitors are AT&T, T-Mobile, Cox Communications, Cricket Wireless, Comcast and others. Verizon is a telecommunication industry that was established during the year 2000 and is headquartered in New Jersey. It is an American telecommunication company that provides wireless products and services. It is a top of the line communications company located in the United States. It has a major market share and is famous to provide an excellent service. Apart from wireless connectivity it also provides data, fiber networks, and telephony networks.
Verizon revenue for the quarter ending June 30, 2023 was $32.596B. Verizon net income for the quarter ending June 30, 2023 was $4.648B. Verizon gross profit for the quarter ending June 30, 2023 was $19.832B.Verizon market cap as of September 15, 2023 is $142.05B.Verizon total number of employees in 2022 was 117,100.
The company is the largest provider of a wireless network in the United States.
Table of Contents
Top Verizon Competitors
1) AT&T
- Product Type: Telecommunications, media, and technology services
- Industry: Telecommunications
- Founded date: October 1, 1877
- Founders: Alexander Graham Bell, Gardiner Greene Hubbard
- Headquarters: Dallas, Texas, United States
- Area served: Worldwide
- Current CEO: John T. Stankey
- Revenue: $29.917B (June 30, 2023)
- Market cap: $108.88B (September 15, 2023)
- Number of employees: 160,700 (2022)
A top Verizon competitor, AT&T is a popular telecommunication industry that was formed during the year 1983 and is headquartered in Texas, United States. It is the world’s largest telecommunication company, second largest mobile telephone service provider, and the largest provider of fixed telephone service in the United States.
The company has its massive operations in the United States. It also has its operations in other countries worldwide. It has an excellent brand value and ranks seventh in the Brand Finance. Amongst the telecom industry, AT&T ranks second in the world. It is well-established and a market leader in the telecommunication segment.
AT&T net income for the quarter ending June 30, 2023 was $4.437B. AT&T gross profit for the quarter ending June 30, 2023 was $18.090B. AT&T operating income for the quarter ending June 30, 2023 was $6.406B.
The market share of AT&T is about 45.9% in the United States. In 2022, AT&T had a total of 217.39 million wireless subscribers. In 2022, AT&T had a total of 217.39 million wireless subscribers. AT&T caters to businesses, individuals, and government agencies. It has a giant network of wired and wireless access capabilities and due to which it is a top Verizon competitor.
2) T-Mobile
- Product Type: Telecommunications services
- Industry: Telecommunications
- Founded date: 1994
- Founders: Western Wireless Corporation
- Headquarters: Bellevue, Washington, United States
- Area served: United States
- Current CEO: Mike Sievert
- Revenue: $19.196B (June 30, 2023 )
- Market cap: $166.97B (September 15, 2023)
- Number of employees: 71,000 (2022)
T-Mobile is a telecommunication industry that was formed during the year 1990 and is headquartered in Bonn, Germany. It is a brand name that is used by Deutsche Telekom AG, the mobile communication subsidiaries of the German telecommunication company. This brand is available in Austria, Netherlands, Czech Republic, United States, and Poland.
T-Mobile has a strong brand equity and recognition in the UK. The company provides wireless communication services in three categories – branded postpaid customer that includes customers who pay after using wireless communication services, branded pre-paid customers that includes customers who pay for wireless communication in advance, and wholesale customers that operate on networks.
It is the second-largest wireless carrier in the United States, with more than 110 million subscribers as of the end of Q2 2022. Its largest shareholder is Deutsche Telekom AG, which holds a 53.3% majority stake in the company. T-Mobile offers unlimited Premium Data (4G and 5G), unlimited 4K UHD video streaming, mobile high-speed hotspot data at 40GB, unlimited talk, text, and data in Mexico and Canada with up to 5GB of high-speed data, and more.
T-Mobile US net income for the quarter ending June 30, 2023 was $2.221B. T-Mobile US gross profit for the quarter ending June 30, 2023 was $12.192B. T-Mobile US operating income for the quarter ending June 30, 2023 was $3.793B.
T-Mobile’s service plan provides service plan offerings to the customers wherein they can subscribe for wireless services separate from the purchase of a device. The T-Mobile ONE plan gives its customers calls, text and fourth generation (4G) data.
4) Cox Communications
- Product Type: Telecommunications services
- Industry: Telecommunications
- Founded date: February 19, 1962
- Founders: James M. Cox, Jr.
- Headquarters: Sandy Springs, Georgia, United States
- Area served: United States
- Current CEO: Mark Greatrex
Cox Communications is a telecommunications industry that was formed during the year 1962 and is headquartered in Georgia, United States. The various products of the company are cable television, broadband internet, wireless, VoIP, Home Security, and Gigablast fiber.
It is one of the largest cable television provider situated in the United States. In the fourth quarter of 2022, Cox had around 3.05 million cable subscribers in the U.S. In regards to residential consumers, Cox caters to 2.9 million digital cable subscribers, 3.9 million high-speed internet users, and 3.2 million telephone subscribers. This also makes Cox the seventh-largest home telephone carrier in the US. The main strength of the brand is its high quality and reliable service. It has an extended service across the United States.
The main business solutions of Cox are its leading edge technology, fast service, and business-class support. Cox Communications provides solutions for any kind of business whether it is a small business, midsize business, or large business. The company has proven expertise for many complex requirements and due to which it is a top Verizon competitor.
5) Cricket Wireless
- Product Type: Telecommunications services
- Industry: Telecommunications
- Founded date: March 1999
- Founders: Leap Wireless International
- Headquarters: Atlanta, Georgia, United States
- Area served: United States
- Current CEO: John Dwyer
Yet another Verizon competitor, Cricket Wireless is a wireless telecommunication industry that was formed during the year 1999 and is headquartered in Georgia, United States. It is a prepaid wireless service provider in the United States and is a subsidiary of AT&T Inc.
It provides mobile data, voice, and text by using the parent AT&T’s network. The company makes the customers satisfied with the cell phone carrier by providing wireless service with great care and speed. Cricket Wireless provides a nationwide 4G LTE network with simple plans that are available at low prices. The company has about nine million subscribers.
Previous to its acquisition by AT&T, Cricket CDMA network made use of its home network and roaming agreements by using Sprint. Cricket CDMA shut down after which the spectrum was used on the AT&T networks. Once AT&T acquired Cricket Wireless, it released various devices that made use of 3G, 4G LTE networks of AT&T. They have smart and unlimited plans and due to which it is a top Verizon competitor.
7) Comcast
- Product Type: Telecommunications services
- Industry: Telecommunications
- Founded date: June 28, 1963
- Founders: Ralph J. Roberts, Julian A. Brodsky, Daniel Aaron
- Headquarters: Philadelphia, Pennsylvania, United States
- Area served: United States and Latin America
- Current CEO: Brian L. Roberts
- Revenue: $30.513B (June 30, 2023)
- Market cap: $187.03B (September 15, 2023)
- Number of employees: 186,000(2022)
Comcast Corporation is an American global telecommunication and mass media industry that was formed during the year 1963 and is headquartered in Pennsylvania, United States. Comcast is into many products like broadband, broadcasting, cable television, digital telephone, direct broadcast satellite, HDTV, home security systems, internet, pay television, sports management, TV production, and VoIP phone.
It is also a producer of television programs and feature films that are proposed for theatrical exhibition, over-the-air, and cable television broadcast. Comcast owns and operates the Xfinity that includes the brand’s cable internet access, digital cable, and cable telephone services. It has regional barriers to entry as they own exclusive government dictated rights.
Comcast net income for the quarter ending June 30, 2023 was $4.248B. Comcast gross profit for the quarter ending June 30, 2023 was $12.347B. Comcast operating income for the quarter ending June 30, 2023 was $6.709B.
Comcast networks have an easy provision to add additional services to the existing networks. It has good brand recognition and is a global market leader in telecommunication industry because of which it is a top Verizon competitor.
8) Spectrum
- Product Type: Telecommunications services
- Industry: Telecommunications
- Founded date: 2014
- Founders: Charter Communications
- Headquarters: Stamford, Connecticut, United States
- Area served: United States
- Current CEO: Jeff Singer
Spectrum is a telecommunication industry that was formed during the year 1996 and is headquartered in Staffordshire. It is an independent business connectivity provider that provides various products like unified communications, managed private networks, cloud and hosted services, enterprise mobility, and network security. The company provides clients with many cost-effective solutions for traditional fixed-line services. By setting up a network of supplier partnerships, the business grew into inbound, outbound, data, and mobile networks.
Spectrum focuses to deliver high-quality two-way radio communication services and integrates many communication technologies to satisfy data and video communication challenges and remote voice. The main markets of Spectrum are Government, Commercial, and Industrial sectors with the main focus on the resource-based industries.
9) Centurylink
- Product Type: Telecommunications services
- Industry: Telecommunications
- Founded date: 1930
- Founders: Oak Ridge Telephone Company
- Headquarters: Monroe, Louisiana, United States
- Area served: United States
- Current CEO: Kate Johnson
- Revenue: US$17.48 billion (2022)
- Market cap: $12.07 Billion (September 2023)
- Number of employees: 29,000 (2022)
Century Link is a popular telecommunication industry that was formed during the year 1930 and is headquartered in Louisiana, United States. It provides telecommunication and data services to residential, government, business, and wholesale customers in 37 states. CenturyLink is seen as a one-stop shop for voice and data communications along with home security services and television services. On September 14, 2020, CenturyLink, Inc announced that it had changed its name to Lumen Technologies, Inc.
Net income as of 2022 was US$-1.55 billion whereas Operating income was US$95 million. Its Total assets were US$45.58 billion.
The main strength of CenturyLink is its high-performance segments like voice, data, and television services. It has its market presence in about 25 American states. It has a strong acquisition with companies like Qwest, Savvis, etc that helps to expand its horizon to a global presence.
10) Vodafone
- Product Type: Telecommunications services
- Industry: Telecommunications
- Founded date: 1984
- Founders: Gerald Whent, Martin Bangemann, Hein Heidmann
- Headquarters: Newbury, Berkshire, England
- Area served: Worldwide
- Current CEO: Margherita Della Valle
- Revenue: $47.598B (2023)
- Market cap: $27.02 Billion (September 2023)
- Number of employees: 104,000 (2023)
Vodafone Group Plc is a British multinational telecommunications company that operates in Asia, Africa, Europe, and Oceania. Its registered office and global headquarters are in Newbury, Berkshire, England. As of January 2023, Vodafone owns and operates networks in 21 countries, with partner networks in 47 further countries. Its Vodafone Global Enterprise division provides telecommunications and IT services to corporate clients in 150 countries. Vodafone has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. The company has a secondary listing on Nasdaq. Vodafone is a purpose-led company that believes in connecting for a better future and driving positive change for society. Its networks keep family, friends, businesses, and governments connected, and it plays a vital role in keeping economies running and the functioning of critical sectors like education and healthcare.
Vodafone Group annual gross profit for 2023 was $15.471B. Vodafone Group annual net income for 2023 was $12.328B. Vodafone Group annual operating income for 2023 was $14.955B. Vodafone Group total assets for 2023 were $161.96B.
Conclusion
Verizon is the largest wireless network in the United States and innovates to meet the rising demands of network users. It comes out with new products for their customers and tries to meet their expectations to stand apart from the above-mentioned competitors.
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