5 Biggest Cell Phone Companies in the World

3. Verizon Communications Inc. (NYSE:VZ)

Total revenue (in millions of dollars): 133,613

Total profits (in millions of dollars): 22,065

Total assets (in millions of dollars): 366,596

Total number of employees: 118,400

Verizon Communications Inc. (NYSE:VZ) was established in 1984 after the at-the-time AT&T Corporation was mandated by the United States Department of Justice to break up the Bell System into seven different companies. Since its establishment, Verizon Communications Inc. (NYSE:VZ) acquired AOL in 2015 and Yahoo! Inc in 2017. Verizon Communications Inc. (NYSE:VZ) is the biggest wireless carrier in the United States reporting more than 120 million subscribers at the end of 2020.

Verizon Communications Inc. (NYSE:VZ) has also faced several controversies over its almost four decades of operating, especially with respect to net neutrality as it is one of the biggest internet providers in the United States which has opposed net neutrality laws, laws which are considered to be integral to maintaining a fair experience for customers. It has also been accused of false advertisement related to 5G.