Verizon
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| Basic information | |
|---|---|
| Founded | 1983 |
| Legal structure | Public |
| Industry | Telecommuncations |
| Official website | https://verizon.com/ |
Verizon Communications, Inc. is a major American telecommunications company headquartered in New York, New York. Verizon is the second-largest telecommunications company in the world by revenue and has the largest wireless network in the United States with 146 million subscribers as of December 31, 2024.[1]
In 2017, the Electronic Frontier Foundation awarded Verizon with a 1 out of 5 stars privacy rating, the same as Verizon's largest competitors, AT&T and T-Mobile.[2]
Incidents
Selling Consumer Data (2024)
FCC found that all major telecommunications companies were illegally selling customer's location data. FCC fined AT&T $57 million, Sprint $12 million, T-Mobile $80 million, and Verizon $46 million amounting to nearly $200 million.[3][4]
This fine towards Verizon amounted to about 0.25% of their annual net income.[1]
Deceptive Advertising of 5G (2020)
In March 2019 the Better Business Bureau cited that Verizon was falsely conveying that the 5G technology was currently available to customers.[5] In May 2020 the Better Business Bureau criticized Verizon for claiming it was "building the most powerful 5G experience for America" and recommended that the company disclose the actual availability of its 5G network to its customers.[6]
References
- ↑ 1.0 1.1 https://www.verizon.com/about/file/74377/download?token=aFR5AvZZ
- ↑ https://www.eff.org/who-has-your-back-2017
- ↑ https://docs.fcc.gov/public/attachments/DOC-402213A1.pdf
- ↑ https://www.reuters.com/business/media-telecom/fcc-fines-us-wireless-carriers-nearly-200-million-over-illegal-location-data-2024-04-29/
- ↑ https://www.mediapost.com/publications/article/333538/verizon-told-to-revise-first-to-5g-ads.html
- ↑ https://venturebeat.com/mobile/bbb-blasts-verizon-for-5g-ads-says-coverage-claims-mislead-customers/