Verizon Services Ireland Ltd, the primary Irish subsidiary of US telecommunications giant Verizon Communications, has distributed combined dividends totaling $1.45 billion (€1.26 billion) this year.
The figures emerge from newly filed accounts for the entity, highlighting the significant flow of capital from the company's European operations back to its US parent.
The dividend payout underscores the financial weight of Verizon's Irish unit within the broader corporate structure.
While the specific operational details of the subsidiary's revenue generation are not detailed in the initial report, the magnitude of the distribution reflects the profitability and cash-generating capacity of the business segment.
This development comes as Verizon continues to integrate its international business units.
The company previously agreed to merge its international operations with BT Group, creating a joint venture with annual sales of approximately $4 billion.