Verizon Communications has acquired 31 companies, including 16 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 10 assets.
Verizon Communications’ largest acquisition to date was in 2000, when it acquired GTE for $64.7B. It’s largest disclosed sale occurred in 2015, when it sold Verizon Communications - Wireline Operations in California Florida and Texas to Frontier Communications for $10.5B. Verizon Communications has acquired in 13 different US states, and 2 countries. The Company’s most targeted sectors include communications (38%) and internet software and services (21%).
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1095 Avenue of the Americas,
New York,
New York 10036
United States,
(212) 395-1000
www.verizon.com
Verizon Communications Inc. is a provider of communications, information, and entertainment products and services to consumers, businesses and governmental agencies. Verizon offers voice, data and video services and solutions on wireless and wireline networks that are designed to meet customers’ demand for mobility, network connectivity, security and control. Verizon dates back to 1983 and is based in New York City. Verizon Communications was founded in 1983 and is based in New York, New York.
| Year | ≤ '14 | '15 | '16 | '17 | '18 | '19 | T | |
|---|---|---|---|---|---|---|---|---|
| Buy (3.2/yr) | # | 13 | 1 | 9 | 3 | 3 | - | 29 |
| vol | $106.4B | $4.4B | $9.0B | $3.3B | $123.1B | |||
| Sell (0.8/yr) | # | 6 | 2 | 1 | 1 | - | - | 10 |
| vol | $10.2B | $10.5B | $3.6B | $24.3B | ||||
| 39 | ||||||||
| Financial | Deals |
|---|---|
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2 |
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2 |
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2 |
| Legal | Deals |
|---|---|
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7 |
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3 |
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| Buy | # | TOTAL |
|---|---|---|
| > $1B | Sign-up to View | |
| $100M to $1B | Sign-up to View | |
| < $100M | Sign-up to View | |
| TOTAL | Sign-up to View | |
| Largest |
GTE Corporation $64.7B (2000-06-16) |
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| Sell | # | Total |
|---|---|---|
| > $1B | Sign-up to View | |
| $100M to $1B | Sign-up to View | |
| < $100M | Sign-up to View | |
| Total | Sign-up to View | |
| Largest |
Verizon Communications Inc. - Wireline Operations in California, Florida and Texas $10.5B (2015-02-05) |
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When analyzing the communications sector as a whole, according to Mergr, in the last 3 years, there are 193 communications companies that have made at least 1 acquisition, 12 have acquired at least 5 companies, and 1 has acquired more than 10 companies.
The most prolific strategic communications acquirer over the past 3 years is GTT Communications, with 8 acquisitions. The most prolific private equity acquirer in the communications sector over the past 3 years is Searchlight Capital Partners with 5 platform acquisitions.
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