Does Verizon have a sister company?
Originally from the United States of America, Verizon Communications is a really big telecommunication firm. It provides consumers and businesses throughout the nation with wireless and wired broadband communications solutions. Many people so wonder if Verizon has a sibling firm or whether it is closely connected to other businesses away from its main Verizon brand.
The quick answer to the question is that yes, Verizon has built or purchased throughout the years various subsidiary brands and sister firms. Some of Verizon's main subsidiary brands and activities are listed below.
Verizon Wireless
Although Verizon Wireless is one of the largest mobile service providers in the United States with over 118 million consumers in 2021, it is not strictly speaking a "sister" firm since it is a necessary component of Verizon's operations. Based on Verizon, Verizon Wireless is a well-known corporation that specializes in offering mobile voice and internet services via the Verizon Wireless Network.
Verizon Media Group
Verizon Media Group is the subsidiary of Verizon that oversees many of its web-based brands and offerings. Among many others, this covers AOL, Yahoo!, TechCrunch, and RYOT. AOL and Yahoo are the two that stand out as new media giants; Verizon bought Yahoo! in 2017 and AOL in 2015. Owned by Verizon Media Group, these online brands also provide content/media creation and advertising services.
Visible
Visible is a cellular company with the least cost prepaid mobile phone plans and services devoid of an annual commitment. Starting in 2018, it is intended to be an entry-level brand to appeal to consumers with limited means. Visible is a sibling brand and subsidiary even though it may be considered a different brand because Verizon now controls it.
Blue jeans
BlueJeans
Verizon bought BlueJeans Network, an event management tool with online conference capability. It mostly relates to the provision of enterprise-level video conferences, an addition to other Verizon corporate offerings. Like Visible or Verizon Media Group, BlueJeans is an owned subsidiary brand of the corporation.
Tracfone
Tracfone Wireless is another wireless affiliate geared toward low-end or prepaid consumers. The leading supplier of prepaid wireless devices including mobile phones and service plans utilized by about 20 million customers is Tracfone Wireless. The recent acquisition of Tracfone by Verizon in 2021 makes it the new cellular subsidiary brand of the company.
Verizon Connect
Verizon Connect offers mostly tools for companies to track field operations and their mobile workers. This covers tracking cars, fleet routing and dispatching, telematics data collection, and more. Following the acquisition of Fleetmatics Group PLC, a company providing fleet management software, in 2016 Verizon Connect was born.
In conclusion, Verizon is a mass market telecommunicational company that specializes in the provision of wireless and wireline services; nevertheless, it still has several related affiliates engaged in all spheres ranging from the provision of wireless services, online media, advertising, and software/SaaS solutions for the enterprise market. As Verizon seeks to increase the range of services it offers, several of these subsidiary brands have joined it via major mergers and acquisitions throughout the previous 10 years. Therefore, the next time you access any of the AOL or Yahoo websites or if you are using your Visible phone or require business software or whatever else – you can be utilizing a portion of Verizon, aren’t you?
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