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Verizon

American broadband and telecommunications company
(Redirected from Verizon Wireless)

Verizon Communications Inc. (NYSEVZ),[1] is a telephone, internet service provider, and television company in the United States. It also owns a mobile phone company, Verizon Wireless. Verizon was created in 2000 by merging GTE and Bell Atlantic. These companies had already absorbed other companies, some of them more than a hundred years old. The biggest ones were formerly owned by AT&T.

Verizon Communications Inc.
TypeCross-listed Public company
Traded asNYSEVZ
NASDAQVZ[1]
Dow Jones Industrial Average Component
S&P 500 Component
IndustryTelecommunications
Predecessor(s)American Telephone and Telegraph Company
When it was createdOctober 7, 1983 (as Bell Atlantic)[2]
HeadquartersVerizon Building
New York City, United States
Key peopleLowell McAdam
(Chairman, President and CEO)
ServicesFixed-line and mobile telephony, broadband and fixed-line internet services, digital television and network services
Money earnedIncrease US$ 110.8 billion (2011)[3]
Operating incomeDecrease US$ 18.8 billion (2011)[3]
Net incomeDecrease US$ 2.4 billion (2011)[3]
Total assetsIncrease US$ 230.4 billion (2011)[3]
Total equityDecrease US$ 85.9 billion (2011)[3]
Employees162,000 (2016)[3]
DivisionsVerizon New England
Verizon New York
Verizon Delaware
Verizon New Jersey
Verizon Pennsylvania
Verizon North
Verizon Maryland
Verizon Washington, D.C.
Verizon Virginia
Verizon California
SubsidiariesCellco Partnership (Verizon Wireless) (55%)
GTE
MCI Inc.
NYNEX
Diamond State Telephone
New Jersey Bell
Bell of Pennsylvania
Verizon North
The Chesapeake and Potomac Telephone Company
Verizon California
Terremark
Vodafone Italy (23.14%)
Websitewww.verizon.com

In 2015, Verizon bought the Internet company AOL, and the next year it bought Yahoo!. Both of these purchases were for about US$4.4 billion.[4] Today, both AOL and Yahoo! are part of a subsidiary created by Verizon called Oath Inc.[5]

Verizon is one of the few publicly-traded companies to have a stock on both the NYSE and the NASDAQ. Its NYSE listing has been one of the 30 companies in the Dow Jones Industrial Average since 2004.[6]

ReferencesEdit

  1. 1.0 1.1 About Verizon Wireless: Facts-at-a-Glance
  2. CBS MarketWatch profile, Verizon Communications, Inc.
  3. 3.0 3.1 3.2 3.3 3.4 3.5 "Verizon Communications Inc. 2011 Annual Report, Form 10-K, Filing Date Feb 16, 2012" (PDF). secdatabase.com. Retrieved June 8, 2012.
  4. "Verizon to buy Yahoo for $4.83 billion, merge it with AOL". CNET. 2016-07-25. Retrieved 2018-03-18.
  5. Heater, Brian (2017-04-03). "Yahoo + AOL = Oath, for some reason". TechCrunch. Retrieved 2018-03-18.
  6. Isidore, Chris (2004-04-01). "Dow Jones industrial average gets first overhaul since 1999". CNN Money. Retrieved 2018-03-18.