Introduction
As of 2023, Verizon has established itself as one of the leading telecommunications companies in the United States. With its extensive network infrastructure and innovative services, Verizon has not only become a go-to choice for wireless communication but has also acquired several phone companies over the years. These acquisitions have allowed Verizon to expand its reach and provide its customers with a wider range of options. In this article, we will explore some of the phone companies owned by Verizon and how they contribute to the company’s overall success.
1. AOL
AOL, originally known as America Online, was acquired by Verizon in 2015. While AOL is primarily associated with its email and instant messaging services, it also operates as a phone company. Through this acquisition, Verizon gained access to AOL’s extensive user base and digital advertising technology. This strategic move helped Verizon diversify its services and strengthen its position in the digital media industry.
2. Yahoo
In 2017, Verizon acquired Yahoo, a multinational technology company known for its search engine and web portal. Yahoo also offers various phone services, including Yahoo Mobile, which provides wireless plans and smartphones. By acquiring Yahoo, Verizon aimed to tap into the company’s vast online user base and leverage its media and advertising capabilities.
3. TracFone
Verizon announced its acquisition of TracFone, one of the largest prepaid mobile virtual network operators in the US, in 2020. TracFone offers affordable wireless services to millions of customers through its various brands, such as Straight Talk, Net10 Wireless, and Total Wireless. This acquisition allowed Verizon to expand its reach in the prepaid wireless market and cater to a broader customer base.
4. Visible
Visible is a relatively new phone company that operates as a digital-only wireless carrier. It was launched in 2018 and quickly gained popularity among budget-conscious consumers. In 2019, Verizon acquired Visible, making it a subsidiary. Visible offers unlimited talk, text, and data plans at an affordable price, utilizing Verizon’s extensive network infrastructure.
5. XO Communications
In 2017, Verizon acquired XO Communications, a leading provider of fiber-based communication services. While XO Communications primarily focuses on business solutions, its acquisition by Verizon enhanced the company’s ability to offer reliable and high-speed connectivity to its corporate customers.
6. Straight Path Communications
Verizon acquired Straight Path Communications in 2017, a company specializing in wireless spectrum licenses. This acquisition allowed Verizon to strengthen its position in the 5G network race by gaining access to valuable spectrum assets.
Conclusion
Verizon’s acquisitions of various phone companies have significantly contributed to its growth and success in the telecommunications industry. By expanding its services and customer base, Verizon has established itself as a dominant player in the market. With AOL, Yahoo, TracFone, Visible, XO Communications, and Straight Path Communications under its umbrella, Verizon continues to innovate and provide its customers with cutting-edge technology and reliable phone services.
