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Verizon Communications Inc.
Company typeCross-listed Public company
Dow Jones Industrial Average Component
S&P 500 Component
PredecessorAmerican Telephone and Telegraph Company
FoundedOctober 7, 1983 (as Bell Atlantic)[2]
HeadquartersVerizon Building
New York City, United States
Key people
Lowell McAdam
(Chairman, President and CEO)
ServicesFixed-line and mobile telephony, broadband and fixed-line internet services, digital television and network services
RevenueIncrease US$ 110.8 billion (2011)[3]
Decrease US$ 18.8 billion (2011)[3]
Decrease US$ 2.4 billion (2011)[3]
Total assetsIncrease US$ 230.4 billion (2011)[3]
Total equityDecrease US$ 85.9 billion (2011)[3]
Number of employees
162,000 (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
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". Archived from the original on 2012-03-27. Retrieved 2012-12-07.
  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.