Verizon named a Leader in first-ever 2025 Gartner® Magic Quadrant™ for Private Mobile Network Services

Core View - Verizon has been recognized as a Leader in the Gartner Magic Quadrant for 4G and 5G Private Mobile Network Services, being the only U S-based mobile carrier to achieve this status [1] - The recognition is based on Verizon's Ability to Execute and Completeness of Vision in the private mobile network services market [1] Verizon's Market Position - Verizon's core competency lies in building networks, combined with a customer-centric approach, well-integrated portfolio solutions, and a U S licensed-spectrum advantage [2] - The company aims to further develop the market and expand its ecosystem of partners, devices, and applications both domestically and internationally [2] Gartner's Evaluation Criteria - For Ability to Execute, Gartner evaluates vendors on the quality of their multiregion, end-to-end PMN services offering, focusing on improving operational performance, efficiency, and positively impacting revenue, retention, and reputation [4] - High weighting is placed on Customer Experience, Sales Execution/Pricing, and Product/Service, while medium weighting is given to Overall Viability and Market Responsiveness or Track Record [5] - For Completeness of Vision, Gartner evaluates service providers on their ability to articulate logical statements about the market's current and future direction, innovations, customer needs, and competitive forces [6] - High weighting is placed on Market Understanding, Innovation, and Offering Strategy, while medium weighting is given to Vertical/Industry Strategy and Business Model [7] Market Definition - Gartner defines 4G and 5G private mobile network (PMN) services as private wireless network deployment, operation, and management services for the exclusive use by a given organization, providing dedicated connectivity for people and assets in an enterprise setting [3] - These services are delivered as an end-to-end service covering design, architecting, deployment, and management, based on 3GPP standards, in a specific enterprise location with dedicated or shared assets like spectrum or core network [3] Company Overview - Verizon Communications Inc powers and empowers millions of customers with mobility, reliable network connectivity, and security, generating revenues of $134 0 billion in 2023 [10] - The company serves nearly all of the Fortune 500 and continues to innovate to meet customer needs [10]