In 2023, Verizon had a reported 144.8 million wireless retail connections, up from 143.25 million in 2022. Overall, the number of Verizon wireless subscribers has been steadily growing since 2007.

Verizon leads the U.S. market

Verizon is one of the largest U.S. telecom companies, alongside Verizon and T-Mobile US. AT&T leads the wireless market when measured by connections. As of the first quarter of 2024, around 37.6 percent of U.S. wireless connections were operated by Verizon, while T-Mobile US and AT&T operated around 31.4 and 29.8 percent, respectively. Unsurprisingly, Verizon generated the most revenue of the three operators in 2023, with AT&T's revenue declining sharply after having spun-off its interests in the media company WarnerMedia.

This graph displays the number of subscribers to top wireless carriers in the United States from the first quarter of 2013 to the second quarter of 2020. In the second quarter of 2020, Verizon Wireless led the list with 93.98 million subscribers, followed by AT&T that recorded more than 171.41 million subscribers that same quarter.

Wireless subscribers by carriers - additional information

Verizon Wireless and AT&T are the leading wireless carriers in the United States, with each accounting for about one third of the market of wireless subscriptions. Since 2011, Verizon has had the highest wireless revenue among U.S. telecommunication providers. In 2015, Verizon reported almost 92 billion U.S. dollars in wireless revenue in the United States, almost 20 billion U.S. dollars more than AT&T in the same year.

Those two companies have the some of the lowest monthly churn rates in the U.S. market – the average percentage of subscribers that cease to use the company’s services per month. The churn rate is a parameter to measure the loyalty of a company’s subscriber base; the lower the churn rate, the better the outlook for the company.

Both companies are also major players in the billion-dollar global telecommunication services industry. In 2016, AT&T’s operating revenue worldwide amounted to about 164 billion U.S. dollars, with Verizon also generating revenues in excess of 125 billion U.S. dollars.

Verizon's Fios TV subscriber numbers have been steadily declining over the past few years. The company's pay TV subscriber base dropped from 3.85 million in 2020 to 2.95 million in 2023. This represents a loss of nearly 900 subscribers over a four-year period, indicating a clear trend of cord-cutting as consumers shift away from traditional pay TV services towards streaming alternatives.

Forecast: Verizon Wireless Telecom Company Market Share in the US 2024 - 2028 Discover more data with ReportLinker!

The number of Verizon video subscribers in the United States has been decreasing since the end of 2016. As of the fourth quarter of 2023, Verizon had approximately three million pay-TV subscribers, down from about 3.3 million in the corresponding quarter of the previous year.

In 2023, Verizon provided over 10.7 million broadband internet connections in the United States, the highest recorded number of broadband connections in the given time period. The number of connections dropped significantly in in 2016 with the sale of local exchange business and related landline activities in California, Florida and Texas to Frontier Communications.

Verizon’s wired and fixed services

The number of Verizon video subscribers in the United States evolved in a similar fashion to the number of U.S. broadband internet subscribers since 2014; currently, Verizon FiOS has around three million videosubscribers. This puts the subsidiary company in fifth place in the Pay TV provider rankings behind AT&T Premium TV, Comcast Corporation, Charter Communications, and Dish Network. Verizon FiOS is the company’s bundled internet offering, including telephone and television services using a fiber-optic communication network. In addition, FiOS Verizon also offers regular broadband internet services and landline voice services with its wireline segment.

Internet Statistics: Number of Subscribers: Verizon Communications India Private Limited data was reported at 109.000 Unit in Dec 2018. This records an increase from the previous number of 102.000 Unit for Sep 2018. Internet Statistics: Number of Subscribers: Verizon Communications India Private Limited data is updated quarterly, averaging 113.000 Unit from Dec 2005 (Median) to Dec 2018, with 51 observations. The data reached an all-time high of 2,502.000 Unit in Mar 2006 and a record low of 40.000 Unit in Jun 2015. Internet Statistics: Number of Subscribers: Verizon Communications India Private Limited data remains active status in CEIC and is reported by Telecom Regulatory Authority of India. The data is categorized under India Premium Database’s Transportation, Post and Telecom Sector – Table IN.TE041: Internet Statistics: Number of Subscribers: by Company.

When it comes to share of Americans using Verizon Wireless as mobile phone carrier, 16 percent of 18 - 29 year olds do so in the U.S. This is according to exclusive insights from the Consumer Insights Global survey which shows that 17 percent of 30 - 49 year old consumers also fall into this category.Statista Consumer Insights offer you all results of our exclusive Statista surveys, based on more than 2,000,000 interviews.

In 2023, AT&T had a total of 241.53 million wireless subscribers, a significant increase since the previous year. Over the last decade, the wireless subscriber count has been steadily growing and it has more than tripled since 2007.

AT&T’s wireless subscriber base and ARPU

AT&T’s wireless subscribers can be divided into three separate subscription type groups: postpaid, prepaid, and reseller. The largest group by far is the postpaid group which had about 84.7 million subscribers in 2022. The prepaid model has been steadily increasing over the last nine years, while reseller subscriptions have been losing traction since 2016.

Each of these subscribers generates a certain amount of revenue. In the fourth quarter of 2023, the company’s wireless ARPU (average revenue per user) exceeded 50 U.S. dollars for its postpaid service and 56 U.S. dollars for its phone-only postpaid service. AT&T also has one of the lowest monthly churn rates on the U.S. market. This means that the average percentage of people that ended their subscription with the company is low.

Wireless carriers in the United States

Of the three major wireless carriers in the United States - AT&T, Verizon, T-Mobile - out of which AT&T holds the largest share of the wireless subscription market. In the first quarter of 2018, AT&T surpassed Verizon in number of wireless subscriptions and now AT&T have the highest number of subscribers in the United States. In 2020, T-Mobile and Sprint merged and in the second quarter of 2020 the surviving brand T-Mobile USA, had more wireless subscribers than Verizon.

Verizon Communications Inc., through its subsidiaries, offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Its Consumer segment provides postpaid and prepaid service plans; internet access on notebook computers and tablets; wireless equipment, including smartphones and other handsets; and wireless-enabled internet devices, such as tablets, and other wireless-enabled connected devices comprising smart watches. It also provides residential fixed connectivity solutions, such as internet, video, and voice services; and sells network access to mobile virtual network operators. As of December 31, 2021, it had approximately 115 million wireless retail connections, 7 million wireline broadband connections, and 4 million Fios video connections. The company's Business segment provides network connectivity products, including private networking, private cloud connectivity, virtual and software defined networking, and internet access services; and internet protocol-based voice and video services, unified communications and collaboration tools, and customer contact center solutions. This segment also offers a suite of management and data security services; domestic and global voice and data solutions, such as voice calling, messaging services, conferencing, contact center solutions, and private line and data access networks; customer premises equipment; installation, maintenance, and site services; and Internet of Things products and services. As of December 31, 2021, it had approximately 27 million wireless retail postpaid connections and 477 thousand wireline broadband connections. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was incorporated in 1983 and is headquartered in New York, New York.

In the second quarter of 2024, Verizon Communications’ consolidated revenue amounted to approximately 32.8 billion U.S. dollars. Since 2013, Verizon's operating revenue has consistently exceeded 120 billion U.S. dollars. Verizon’s place in the market Verizon is one of the largest players in the United States telecommunications market, along with AT&T and T-Mobile US. The majority of the company’s revenue is generated through its consumer services segment, which generated over three times the revenue of the firm's business segment in 2022. Up until 2018, Verizon and AT&T were joint wireless carrier market leaders, each holding a share of 30 percent or more of subscriptions in the United States. However, since 2018, AT&T's market share has consistently exceeded that of Verizon.

The telecommunications firm Verizon is the leading provider of mobile services in the United States, with a market share of nearly 37 percent of wireless subscriptions as of the last quarter of 2024. T-Mobile and AT&T are the other major wireless carriers in the U.S. market.  The market share is based on subscription figures reported by the companies in quarterly earnings and financial statements. Mobile virtual network operator (MVNO) subscriptions were not considered for the statistic. Seismic shift: T-Mobile and Sprint Merger T-Mobile’s 26.5 billion U.S. dollar acquisition of Sprint Corp. became official on 1st April 2020, a merger that temporarily reduced the number of major wireless providers in the United States. Under the terms of the merger, T-Mobile acquired Sprint’s 33.84 million postpaid subscribers, joining the 47 million T-Mobile postpaid wireless subscribers. DISH Network Corporation acquired Sprint’s prepaid mobile business, Boost Mobile, raising that number to four, satisfying the United States Department of Justice (DOJ) that the market would remain competitive.  T-Mobile is the largest U.S. telco by market cap As of 2024, T-Mobile had a market capitalization of over 214 billion U.S. dollars, the highest of any U.S. telecommunications company. Beijing-based China Mobile and U.S. giant Verizon trailed, with a market cap of 213 and 178 billion U.S. dollars, respectively. Comcast and AT&T were valued at 160 and 134 billion U.S. dollars, respectively.

Complete list of all 1 Verizon wireless POI locations in the the USA with name, geo-coded address, city, email, phone number etc for download in CSV format or via the API.

This dataset contains mobile wireless download speed test results and areas where the PSD (Vermont Public Service Department) challenged mobile wireless service asserted by wireless carriers.DOWNLOAD SPEED TEST RESULTSResults from download speed tests that were conducted in September-December 2018 are contained by 6 point feature-classes, each with results for a particular carrier.PSD staff employed the android smartphone application G-NetTrack to conduct download speed tests at approximately 300 meter intervals along all federal-aid highways.The point feature-classes are very detailed and more suitable when zoomed into the neighborhood scale. All point feature-classes have the same field schema, which includes these fields: timestamp: Date and time at which the data point was collected. signal_str: Signal strength (RSRP in dBm). download_s: Download speed (in Mbps). latency: The round-trip time for a request to a website, in milliseconds.DRIVE-TEST BLOCKSDrive-test blocks (Utility_DriveTest_poly_Blocks) is a polygon feature-class that is composed of 1-kilometer blocks; it has a field for each of the 6 carriers; the fields show the average download speed recorded in each block for each carrier.The fields also include a composite field (All_) that contains averages of all carriers, masking variation in coverage between individual carriers. "999" indicates no test was conducted for the carrier in that block.Drive-test blocks are generalized information and are suitable when zoomed at various scales. A BLOCK DOES NOT INDICATE SERVICE THROUGHOUT A BLOCK; use the point feature-classes for detailed data and judge accordingly.WIRELESS CHALLENGE BLOCKSWireless Challenge Blocks (Utility_DriveTest_poly_VTMFCIIChallengeBlocks) depicts the status of each block in the submission of the PSD in the FCC Mobility Fund Phase II Challenge process. It shows challenges to mobile wireless service asserted by wireless carriersA value of 0 in the Area_1 field indicates that the challenge was rejected, either because a) the block is already largely eligible, or b) because no tests below 5 Mbps were submitted.DISCLAIMERVCGI and the State of VT make no representations of any kind, including but not limited to the warranties of merchantability or fitness for a particular use, nor are any such warranties to be implied with respect to the data.

In 2023, Verizon Communications reported having 21.12 million wireless retail prepaid connections, down from 22.6 million the previous year. The operator added around 20 million prepaid customers in 2021 via the acquisition of the value wireless provider Tracfone.

Verizon provided 10.7 million broadband connections in 2023, a significant increase compared to the previous year. Of these connections, 7.36 million were FiOS connections. FiOS is the name used by Verizon to market its fiber optic network.

More than 93 percent of the U.S. population were covered by at least one 5G mobile network as of late 2023, while 83 percent were covered by two or more networks. Mobile network operators T-Mobile U.S., AT&T, and Verizon dominate the U.S. wireless market, and seek to compete on the quality and availability of their 5G services.

Mobile Wireless Providers Market Share in the US, 2016 Discover more data with ReportLinker!

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In 2023, Verizon’s wireless retail churn rate for consumer connections stood at 1.67 percent, the highest recorded churn rate for Verizon in the given period. The churn rate refers to average percentage of customers who terminate their monthly subscription to a company’s services. The business churn rate was slighly lower than that of the consumer segment at 1.48 percent.

Verizon's performance remains strong The churn rate of Verizon’s retail connections (which includes postpaid and prepaid connections) has been relatively stable over the past few years, consistently remaining under 1.5 percent until 2022. Verizon wireless retail postpaid ARPA (average revenue per account) stood at about 132.36 U.S. dollars in 2023. Verizon’s consumer segment is still the company’s largest however, accounting for over two thirds of the global revenue in the past few years. Moreover, Verizon has had the highest share of wireless subscribers out of all the wireless carriers in the United States since 2016.