What country owns Verizon?
Comprising the Dow Jones Industrial Average, Verizon Communications Inc. is an American communications company. One of the largest networks of telecommunication available in the United States of America is owned and run by Verizon. Many others, however, may be asking just which nation Verizon belongs to.
Operating out of New York City, Verizon is an American enterprise. Verizon keeps its base of administration and the great majority of its staff in the United States, while it operates and invests in other nations under American ownership.
Verizon Communications Inc. is especially a public limited company with equities traded on the New York Stock Exchange and NASDAQ under the VZ symbol. Being a publicly listed corporation, Verizon is owned by its shareholders, who have ownership interests in the business rather than by any one person.
About 72% of Verizon's shares in its 2021 annual report were held by institutional investors—that is, banks, hedge funds, mutual funds, and other major players. It is thought that the other private investors and Verizon staff own the remaining shares. Since the corporation is American and only has equities listed in America, most of these owners are also Americans.
Although Verizon does not have a lot of international owners, overseas investors are very competent and do participate in the American markets. Based on Verizon's data presented to its investors, it is estimated that by 2021 around 91% of its shares might be held by North Americans. This covers the institutional as well as the personal stockholders.
Typical for Verizon as a business with obvious American origins and focus is this great degree of North American ownership. The American Telephone & Telegraph, the monopoly in telecommunications in the United States for much of the twentieth century, is where Verizon sprang from. While the erstwhile governmental monopoly was destroyed in the 1980s, Verizon has carried on the legacy of giving American consumers and businesses phone and internet services.
This implies that the corporation still targets American customers only despite technological developments and globalization. Verizon's revenue sources as of 2021 show that over 90% of its income comes from the United States. Though Verizon has interests in telecom companies running abroad, it has made investments in various nations; yet, most of its customers and top staff are from the United States. Moreover, most of its owners still live in the United States now as well.
Similarly, Verizon has a relatively low level of foreign ownership due to policies that restrict outside investment in crucial telecommunication assets in the United States. Fear of foreign ownership and privacy has forced Americans to be dominant when it comes to the lifesaving services of the critical infrastructure including the internet and mobile networks. While legal restrictions are not numerous, the political sensitivity of telecom internet service does not allow for significant foreign ownership of key tangible assets like Verizon’s communication network that supports nationwide telecom services.
Whereas globalization has integrated economies globally, Verizon maintains American ownership and control over its communication infrastructure within the United States. This high American ownership stake is because Verizon is a descendant of the former Bell System and current attempts to reign in foreign ownership of key American telecommunication assets. This overwhelming majority of Verizon’s customer base, workforce, and shareholders is still in the United States, and this is an American company that targets primarily the American audience of consumers and businesses. This is in line with the fact that a high percentage of Verizon shares are owned by institutional investors from the United States as well as individual Americans.
In conclusion, although the company has its operations and affiliation internationally, it is an American company owned by American shareholders with headquarters in New York that mainly targets its services in the United States of America. Verizon has always had high domestic ownership as it is an American-born company and as such could benefit from retaining national ownership of key communication networks. Hence, in response to the question of which country Verizon belongs to, the answer is clear and straight. the United States of America.
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