- Verizon Communications, Inc. is a broadband telecommunications company and the largest US wireless communications service provider as of September 2014, and a corporate component of the Dow Jones Industrial Average
Verizon Communications Net worth 2024 (estimated)
| How much is Verizon Communications worth? | Under review
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What is Verizon Communications? / Facts
- The company is based at 1095 Avenue of the Americas in Midtown Manhattan, New York City, but is incorporated in Delaware
- What eventually became Verizon was founded as Bell Atlantic, which was one of the seven Baby Bells that were formed after AT&T Corporation was forced to relinquish its control of the Bell System by order of the Justice Department of the United States
- Bell Atlantic came into existence in 1984 with a footprint from New Jersey to Virginia, with each area having a separate operating company (consisting of New Jersey Bell, Bell of Pennsylvania, Diamond State Telephone, and C&P Telephone)
- As part of the rebranding that the Baby Bells took in the mid-1990s, all of the operating companies assumed the Bell Atlantic name
- In 1997, Bell Atlantic expanded into New York and the New England states by merging with fellow Baby Bell NYNEX
- In addition, Bell Atlantic moved their headquarters from Philadelphia into the old NYNEX headquarters and rebranded the entire company as Bell Atlantic
- In 2000, Bell Atlantic merged with GTE, which operated telecommunications companies across most of the rest of the country that was not already in Bell Atlantic's footprint
- Bell Atlantic, the surviving company, changed its name to "Verizon", a portmanteau of veritas (Latin for "truth") and horizon
- As of 2016, Verizon is one of three companies that had their roots in the former Baby Bells
- The other two, like Verizon, exist as a result of mergers among fellow former Baby Bell members
- One, SBC Communications, bought out its former parent AT&T Corporation and assumed the AT&T name
- The other, CenturyLink, was formed initially in 2011 by the acquisition of Qwest (formerly named US West)
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Wiki & wealth sources: Wikipedia, TMDb, social media accounts, users content, wealth specialized websites
Last update: 04 June 2020 We do our best for being accurate. If something seems incorrect, please contact us! |
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