December 8, 2011
Verizon Communications Inc.
Verizon Communications Inc. Company Perspectives:
Driven by our belief in the power of networks, the value of customer connections, and the magic of a unified brand, Verizon is becoming one of the world’s leading communications companies. With jour unparalleled national scale in landline and wireless networks and a significant global presence, Verizon delivers the benefits of communications- voice, high-speed internet data, Internet access, and wireless- to millions of customers every day.
History of Verizon Communications:
Verizon Communications was formed in June 2000 with the merger of Bell Atlantic and GTE. Verizon Wireless evolved from the merger of Vodafone Airtouch, Bell Atlantic, and GTE. The company operates in four basic business segments: Domestic Telecom, which consists of their 16 telephone operating subsidiaries and include Internet access; Domestic Wireless, International including wireless; and Information Services, which provides online an print directories and content. On March 2001, Verizon Wireless joined forces with Lucent Technologies in a $5 billion deal to offer the next generation of high-speed Internet services and wireless technology. With Sprint on their heels, the two companies planned to work in advancements in high-speed mobile Internet services. Verizon Wireless had 27.5 million voice and data customers. The deal would double Verizon’s existing voice capacity.
After a little more than a year, Verizon was operating in 40 different countries, had 27.5 million customers, and $65 billion in annual revenue. Further expansion, advanced Internet technologies, and broader service was on the agenda for the immediate future.
Verizon Communications Inc. (Verizon, or the Company , is one of the world’s leading providers of communications services. The domestic wireless business, operating as Verizon...