# Who does Verizon pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/verizon · Facet: suppliers · Updated: 2026-09-11T12:39:35.708556+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Verizon's confirmed suppliers/cost counterparties include American Tower plus 1 undisclosed/aggregate relationship. Per the valuechain.wiki graph: 2 cost edges, backed by 2 dated sources, 1 of them primary filings (as of 2026-09-11).

### AST SpaceMobile (high)  → /ast-spacemobile.md
- metric: Amount $35M · investment agreed 2024-05-23 · Principal amount of the AST SpaceMobile subordinated convertible note purchased by Verizon Ventures
- note: Verizon Ventures agreed to purchase a $35 million subordinated convertible note issued by AST SpaceMobile. The remaining $65 million of the announced $100 million package consists of commercial prepayments creditable against future service revenue and is excluded from the investment metric.
- [mentions] Meritz Securities Research Center (KO, research, published 2024-09-12) https://home.imeritz.com/include/resource/research/WorkFlow/20240911171440008K_02.pdf: "News of Verizon's planned $100 million investment drove AST SpaceMobile shares sharply higher."
- [confirms] SEC EDGAR (EN, filing, published 2024-05-29) https://www.sec.gov/Archives/edgar/data/1780312/000149315224021726/form8-k.htm: "a subordinated convertible note to Verizon for an aggregate principal amount of $35.0 million"

### 아메리칸 타워 (high)  → /american-tower.md
- metric: Count 11,100 wireless_sites · first five year renewal exercised 2025 · Wireless communications sites leased, subleased, or managed under American Tower's Verizon transaction
- note: Verizon is a tenant across approximately 11,100 wireless sites leased, subleased, or managed by American Tower. It exercised the first five-year renewal option in 2025; total counterparty-specific rent is not disclosed.
- [confirms] SEC EDGAR (EN, filing, published 2025-04-29) https://www.sec.gov/Archives/edgar/data/1053507/000105350725000102/amt-20250331.htm: "Verizon occupied the sites as a tenant for an initial term of ten years and has exercised its first renewal option"

### Vertical Bridge (mid)
- metric: Count 6,339 wireless_towers · initial leaseback term 10 years · Wireless towers on which Verizon agreed to lease back capacity from Vertical Bridge
- note: Alongside a prepaid lease granting Vertical Bridge rights over 6,339 wireless towers, Verizon agreed to become the anchor tenant and lease back capacity for ten years. This edge represents Verizon's lease obligation; the upfront proceeds received by Verizon are excluded from the cost metric.
- [confirms] Verizon (EN, ir, published 2024-09-30) https://www.verizon.com/about/news/feed/verizon-and-vertical-bridge-agree-33-billion-tower-transaction: "Verizon will enter into a 10-year agreement to lease back capacity on the towers from Vertical Bridge"

Reverse side: https://valuechain.wiki/verizon/customers.md · Ripple: https://valuechain.wiki/verizon/ripple.md

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Full node: https://valuechain.wiki/verizon.md · JSON: https://valuechain.wiki/verizon.json