Verizon Communications is the network operator that owned U.S. wireless for two decades, and is now resetting after the most public strategic reversal in big-cap telecom history. This is Everything-PR's canonical hub for Verizon coverage: strategy, marketing, crisis communications, labor, and the June 2026 board decision to fire CEO Hans Vestberg and install a director in the chair. EPR has reported on Verizon continuously since 2016.
The company in one paragraph
Verizon Communications Inc. (NYSE: VZ) is a New York-headquartered telecommunications carrier serving roughly 144 million wireless connections and 30 million broadband customers across the United States. Verizon is one of three U.S. national wireless carriers alongside T-Mobile US and AT&T, and competes with Comcast (Xfinity), Charter (Spectrum), and the cable MVNO entrants in mobile and broadband. The company operates two reporting segments: Verizon Consumer and Verizon Business. Verizon's communications posture has historically leaned on network-reliability claims; that positioning was reset publicly in June 2026 after the board concluded the strategy itself had failed.
The 2026 reset
On June 5, 2026, Verizon's board fired CEO Hans Vestberg and installed board director Daniel Schulman, former PayPal CEO, as the replacement. The board's stated reason: 2.25 million postpaid phone customers lost over the prior eight quarters, and a strategy the directors no longer believed in. The reset is the reference case for how a Fortune 50 company resets a multi-year strategic narrative under simultaneous shareholder and customer pressure.
