The IoT space offers new revenue-generating services for operators and adding voice capabilities to IoT devices takes use cases such as alarm panels and medical alert systems to the next level of functionality." Verizon has been a leader in Cat M1 technology. In 2017, the company was the first operator to deploy Cat M1 nationwide and in 2016, Verizon was the first service provider to launch a commercial Cat M1 network. Verizon Communications Inc. (NYSE, Nasdaq: VZ ), headquartered in New York City, has a diverse workforce of 161,000 and generated nearly $126 billion in 2016 revenues. Verizon operates America's most reliable wireless network, with 113.9 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and the nation's premier all-fiber network, and delivers integrated business solutions to customers worldwide.