Verizon Communications Net Worth is$112.2 B
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Type: Cross listing Public company
Traded As: VZ, VZ Foundation: October 7, 1983 (as Bell Atlantic)[http://www.marketwatch.com/investing/stock/vz/profile CBS MarketWatch profile, Verizon Communications, Inc.]
Predecessor: AT&T Corporation
Location: Verizon Building, New York City, United States
Key People: Lowell McAdam,
Industry: Telecommunications
Services: Landline and Mobile phone, Broadband Internet access and fixed-line internet services, digital television and Telecommunications network services
Revenue: {{increase US$ 110.8 billion (2011) Operating Income: net income
Assets: equity
Num Employees: 188,200 (2012) Divisions: Verizon New England, Verizon California
Subsid: Verizon Wireless (55%), Vodafone Italy (23.14%)
Homepage: www.verizon.com
Verizon Communications Inc. (NYSE: VZ, NASDAQ: VZ), branded as Verizon (/vE?rE?aE?zE?n/), is an American broadband and telecommunications company and a component of the Dow Jones Industrial Average. It started in 1983 as Bell Atlantic (based in New York City) with a footprint covering New Jersey to Virginia and emerged as part of the 1984 AT&T breakup into seven "Baby Bells." In 1997, Bell Atlantic merged with another Regional Bell Operating Company, NYNEX, based in New York City with a footprint spanning from New York to Maine. The combined company kept the Bell Atlantic name. In 2000, Bell Atlantic acquired former independent phone company GTE, and adopted the name "Verizon", a portmanteau of veritas and horizon. The company's headquarters are located in the Verizon Building at 140 West Street in Lower Manhattan, New York City.
Verizon was founded as Bell Atlantic Corporation, by William J. Kathrein. It was one of the "Baby Bells" that were formed as a result of the anti-trust judgment against the American Telephone & Telegraph Company. Bell Atlantic then inherited seven of the Bell Operating Companies from AT&T (later known as AT&T Corporation) following its breakup. Bell Atlantic's original roster of operating companies included:
Bell Atlantic originally operated in the US states of New Jersey, Pennsylvania, Delaware, Maryland, West Virginia, and Virginia, as well as Washington, D.C.
In 1994, Bell Atlantic became the first Regional Bell Operating Company to entirely drop the original names of its original operating companies. Operating company titles were simplified to "Bell Atlantic a?? state name".
In 1996, CEO and Chairman Raymond W. Smith orchestrated Bell Atlantic's merger with NYNEX CEO Ivan G. Seidenberg. When it merged, it moved its corporate headquarters from Philadelphia to New York City where CEO's Smith and Seidenberg shared Co-CEO duties. NYNEX was consolidated into this name by 1997.
Prior to its merger with GTE, Bell Atlantic traded

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Verizon Communications Latest News

Verizon Communications (NYSE:VZ) Upgraded at ValuEngine

Verizon Communications (VZ) traded up $0.75 during midday trading on Friday, reaching $51.84. About 45,107 shares traded or 24.37% up from the average. It has underperformed by 25.18% the S&P500. Stanley-Laman Group Ltd increased Verizon Communicatn (VZ ...
Posted: December 12, 2017, 10:01 am

What to Expect From Verizon Communications Inc. in 2018

Verizon's (NYSE: VZ) stock dropped 9% this year, underperforming the S&P 500's 17% gain by a wide margin. The telecom giant struggled with earnings misses, its first-ever decline in core wireless subscribers, free cash flow issues, and a murky outlook for ...
Posted: November 30, 2017, 7:00 am

Verizon to pay $2.25 billion to NFL for five-year streaming deal: source

NEW YORK (Reuters) - Verizon Communications Inc (VZ.N) will pay around $2.25 billion for a five-year partnership with the National Football League that allows users to stream games on its Yahoo and go90 platforms as well as on mobile devices, a source told ...
Posted: December 11, 2017, 1:54 pm
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