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Verizon Communications Inc.
Type Cross-listed Public company
Traded as NYSEVZ
Dow Jones Industrial Average Component
S&P 500 Component
Industry Telecommunications
Predecessor(s) American Telephone and Telegraph Company
When it was created October 7, 1983 (as Bell Atlantic)[2]
Headquarters Verizon Building
New York City, United States
Key people Lowell McAdam
(Chairman, President and CEO)
Services Fixed-line and mobile telephony, broadband and fixed-line internet services, digital television and network services
Money earned Increase US$ 110.8 billion (2011)[3]
Operating income Decrease US$ 18.8 billion (2011)[3]
Net income Decrease US$ 2.4 billion (2011)[3]
Total assets Increase US$ 230.4 billion (2011)[3]
Total equity Decrease US$ 85.9 billion (2011)[3]
Employees 162,000 (2016)[3]
Divisions Verizon New England
Verizon New York
Verizon Delaware
Verizon New Jersey
Verizon Pennsylvania
Verizon North
Verizon Maryland
Verizon Washington, D.C.
Verizon Virginia
Verizon California
Subsidiaries Cellco Partnership (Verizon Wireless) (55%)
MCI Inc.
Diamond State Telephone
New Jersey Bell
Bell of Pennsylvania
Verizon North
The Chesapeake and Potomac Telephone Company
Verizon California
Vodafone Italy (23.14%)

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.

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]

References[change | change source]

  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). 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.