Verizon CommunicationsVerizon Communications (NYSE: VZ) is a New York City-based Baby Bell formed when Bell Atlantic, one of the Regional Bell Operating Companies, bought GTE, formerly the largest independent local-exchange telephone company in the United States in 2000. Prior to its transformation into Verizon, Bell Atlantic had merged with another Regional Bell Operating Company, NYNEX, in 1997. The name is a portmanteau of the Latin word veritas (meaning truth) and the English word horizon. The Creation of VerizonPre-merger historyBell AtlanticThe origins of this company began as Bell Atlantic, and was created as one of the original Regional Bell Operating Companies (RBOCs) in 1984. Bell Atlantic's original roster of Operating Companies was Bell of Pennsylvania, New Jersey Bell, Diamond State, and Chesapeake and Potomac Telephone Companies. Until its then Chairman and CEO, Raymond Smith orchestrated its merger with NYNEX in 1996, Bell Atlantic operated in the U.S. states of New Jersey, New York. Pennsylvania, Delaware, Maryland, West Virginia, and Virginia as well as Washington, DC. when it merged, it moved its corporate headquarters from Philadelphia to New York City. NYNEX was consolidated into this name by 1997. NYNEXNYNEX was created as one of the original Regional Bell Operating Companies (RBOCs) in 1984 and it owned New York Telephone and New England Telephone. NYNEX also operated cable TV services in some parts of the UK, although these were later sold to Cable & Wireless, which subsequently sold these to NTL. In Gibraltar, NYNEX had a 50 per cent stake in a joint venture with the Government of Gibraltar, called Gibraltar NYNEX Communications, also known as GNC or GibNYNEX. The NYNEX name was retained after the U.S. parent company's merger with Verizon, before being dropped in 2002 in favor of Gibtelecom, although it is still used colloquially in Gibraltar. General Telephone and Electronics (GTE)General Telephone and Electronics (GTE) was the largest of the "independent" telephone companies during the days of the Bell System. It would later merge with the second largest independent, Continental Telephone (ConTel). They also owned Automatic Electric, a telephone equipment supplier similar in many ways to Western Electric. GTE provided local telephone service in a large number of areas of the U.S. GTE operated in Canada via controlling interest in subsidiary companies such as BC TEL and Quebec Tel. Its former Canadian subsidiaries have combined with the former Alberta Government Telephones (AGT) to create TELUS, the second largest telecommunications carrier in Canada. The Bell Atlantic-GTE mergerThe mergers that formed Verizon were among the largest mergers in United States business history, culminating in a definitive merger agreement, dated July 27, 1998, between Bell Atlantic, based in New York City since the merger with NYNEX in 1996, and GTE, which was in the process of moving its headquarters from Stamford, Connecticut, to Irving, Texas. The Bell Atlantic-GTE merger, priced at more than $52 billion at the time of the announcement, closed nearly two years later, following analysis and approvals by Bell Atlantic and GTE shareowners, 27 state regulatory commissions and the Federal Communications Commission (FCC), and clearance from the United States Department of Justice (DoJ) and various international agencies. The merger of Bell Atlantic and GTE, to form Verizon Communications, became effective on June 30, 2000, with an exchange ratio of 1.22 shares of Verizon Communications Common Stock for each share of GTE Common Stock owned. Fractional shares resulting from the exchange of GTE stock into Verizon Communications shares were sold at a price of $55.00 per share. Verizon began trading on the New York Stock Exchange (NYSE) under its new "VZ" symbol on Monday, July 3, 2000. Meanwhile, on September 21, 1999, Bell Atlantic and UK-based Vodafone AirTouch Plc (now Vodafone Group Plc) announced that they had agreed to create a new wireless business with a national footprint, a single brand and a common digital technology—composed of Bell Atlantic's and Vodafone's U.S. wireless assets (Bell Atlantic Mobile (which was previously called Bell Atlantic-NYNEX Mobile by 1997), AirTouch Cellular, PrimeCo Personal Communications and AirTouch Paging). This wireless joint venture received regulatory approval in six months, and began operations as Verizon Wireless on April 4, 2000, kicking off the new "Verizon" brand name. GTE's wireless operations became part of Verizon Wireless—creating what was initially the nation's largest wireless company before Cingular Wireless acquired AT&T Wireless in 2004—when the Bell Atlantic–GTE merger closed nearly three months later. Verizon then became the majority owner (55%) of Verizon Wireless. Genuity was formerly the Internet division of GTE Corp and spun off in 2000.[2] Level 3 Communications acquired the bankrupt ISP in 2002 for only $137 million; a bargain-basement price the $616 million that a pre-Bell Atlantic-merger GTE paid for Genuity (then BBN Planet) paid in 1997.[3] Following the MergerNote this section refers to land lines only, as Verizon Wireless operates nationwide. Verizon shares were made a component of the Dow Jones Industrial Average on April 8, 2004.[4] Verizon currently has 140.3 million land lines in service. It also has more than 16 million long distance customers. As of 2003, it has more than 203,000 employees. Verizon serves customers throughout much of the United States. The primary states that it provides service to include:
It also provides service to secondary markets (mostly from its acquisition of GTE) in:
Due to the rigorous climate and high costs, GTE Alaska was sold to Alaska Power and Telephone Company rather than be merged with Verizon. Verizon also serves international customers in the Dominican Republic through Verizon Dominicana, Venezuela through CANTV, and Puerto Rico through Telecomunicaciones de Puerto Rico, Inc. (TELPRI). Verizon also owns 50% of Gibraltar NYNEX Communications and part of Vodafone Italia. In 2002, Verizon sold GTE's former telephone operations in 4 states: Missouri, Arkansas and Alabama operations were sold to CenturyTel, and Kentucky operations were sold to Alltel. In 2005, Verizon sold off GTE's former telephone operations in Hawaii to The Carlyle Group, This operation is now known as Hawaiian Telcom. MCI AcquisitionMCI logo, 2003-2006On February 14, 2005, Verizon agreed to acquire MCI, formerly WorldCom, after SBC Communications agreed to acquire AT&T just a few weeks earlier. Media coverage has focused on several ways in which that acquisition, once completed, will benefit Verizon, including economies of scale derived from a potential productivity boost to be achieved via the elimination of thousands of jobs at the combined company, and access to the large base of business customers currently served by MCI. However, the real benefit to Verizon is the acquisition of long-haul lines. While it is the largest telecommunications company in the world, the bulk of Verizon's profitable business is concentrated in the eastern United States. This not only renders the company, effectively, a regional phone company, but also forces it to pay usage fees to a long-haul carrier such as MCI to complete calls for its customers whenever those calls go outside the Verizon "footprint." That need is obviated by the MCI acquisition. The merger was completed January 6, 2006. Services Offered by VerizonVoiceVerizon provides standard POTS (Plain Old Telephone Service) service as well as VoIP (Voice Over Internet Protocol) and Fiber line services. DataVerizon provides DSL (Digital Subscriber Line) Internet service in many areas where it offers phone service. Verizon recently began offering FTTP (Fiber to the Premises) to some subscribers. Verizon calls this "FiOS Internet".[5] Verizon information servicesThe yellow page business for Verzion known as Superpages is a Texas-based sales, publishing and related services for 1,200 directory titles with a circulation of about 121 million copies in 41 states. The web sites receives 17 million unique visitors a month. It had an operating revenue of $3.6 billion in 2004 and employs 7,300 nationwide.[6] With an estimated 17 bllion dollars in assets, Verizon is exploring a sale or spin-off of the business unit to finance its expansion in wireless and high-speed Internet services.[7] This page about verizon includes information from a Wikipedia article. Additional articles about verizon News stories about verizon External links for verizon Videos for verizon Wikis about verizon Discussion Groups about verizon Blogs about verizon Images of verizon |
|
With an estimated 17 bllion dollars in assets, Verizon is exploring a sale or spin-off of the business unit to finance its expansion in wireless and high-speed Internet services.[7]. . It had an operating revenue of $3.6 billion in 2004 and employs 7,300 nationwide.[6]. Delta may refer to:. The web sites receives 17 million unique visitors a month. Delta Amacuro State. The yellow page business for Verzion known as Superpages is a Texas-based sales, publishing and related services for 1,200 directory titles with a circulation of about 121 million copies in 41 states. Venezuela
Verizon calls this "FiOS Internet".[5]. Delta County, Texas. Verizon recently began offering FTTP (Fiber to the Premises) to some subscribers. Delta County, Michigan. Verizon provides DSL (Digital Subscriber Line) Internet service in many areas where it offers phone service. Delta Charter Township, Michigan. Verizon provides standard POTS (Plain Old Telephone Service) service as well as VoIP (Voice Over Internet Protocol) and Fiber line services. Delta County, Colorado. The merger was completed January 6, 2006. Big Delta, Alaska. This not only renders the company, effectively, a regional phone company, but also forces it to pay usage fees to a long-haul carrier such as MCI to complete calls for its customers whenever those calls go outside the Verizon "footprint." That need is obviated by the MCI acquisition. Delta, Wisconsin. While it is the largest telecommunications company in the world, the bulk of Verizon's profitable business is concentrated in the eastern United States. Delta, Utah. However, the real benefit to Verizon is the acquisition of long-haul lines. Delta, Pennsylvania. Media coverage has focused on several ways in which that acquisition, once completed, will benefit Verizon, including economies of scale derived from a potential productivity boost to be achieved via the elimination of thousands of jobs at the combined company, and access to the large base of business customers currently served by MCI. Delta, Ohio. On February 14, 2005, Verizon agreed to acquire MCI, formerly WorldCom, after SBC Communications agreed to acquire AT&T just a few weeks earlier. Delta, Missouri. In 2005, Verizon sold off GTE's former telephone operations in Hawaii to The Carlyle Group, This operation is now known as Hawaiian Telcom. Delta, Louisiana. In 2002, Verizon sold GTE's former telephone operations in 4 states: Missouri, Arkansas and Alabama operations were sold to CenturyTel, and Kentucky operations were sold to Alltel. Delta, Iowa. Verizon also owns 50% of Gibraltar NYNEX Communications and part of Vodafone Italia. Delta, Colorado. (TELPRI). United States
It also provides service to secondary markets (mostly from its acquisition of GTE) in:. Delta—South Richmond, a federal electoral district, 2003-present. The primary states that it provides service to include:. Surrey—White Rock—North Delta a federal electoral district, 1976-1987. Verizon serves customers throughout much of the United States. Richmond—South Delta a federal electoral district, 1976 - 1987. As of 2003, it has more than 203,000 employees. Newton—North Delta a federal electoral district, 2003-present. It also has more than 16 million long distance customers. Delta—Richmond East a federal electoral district, 2003-present. Verizon shares were made a component of the Dow Jones Industrial Average on April 8, 2004.[4] Verizon currently has 140.3 million land lines in service. Burnaby—Richmond—Delta a federal electoral district, 1970-1976. Note this section refers to land lines only, as Verizon Wireless operates nationwide.. Delta (electoral district) a federal electoral district, 2003-present. Genuity was formerly the Internet division of GTE Corp and spun off in 2000.[2] Level 3 Communications acquired the bankrupt ISP in 2002 for only $137 million; a bargain-basement price the $616 million that a pre-Bell Atlantic-merger GTE paid for Genuity (then BBN Planet) paid in 1997.[3]. Delta (provincial electoral district). Verizon then became the majority owner (55%) of Verizon Wireless. Electoral districts in the area of Delta, British Columbia
Meanwhile, on September 21, 1999, Bell Atlantic and UK-based Vodafone AirTouch Plc (now Vodafone Group Plc) announced that they had agreed to create a new wireless business with a national footprint, a single brand and a common digital technology—composed of Bell Atlantic's and Vodafone's U.S. An Italian pen company. Verizon began trading on the New York Stock Exchange (NYSE) under its new "VZ" symbol on Monday, July 3, 2000. Visa Delta. Fractional shares resulting from the exchange of GTE stock into Verizon Communications shares were sold at a price of $55.00 per share. Delta Upsilon International Fraternity. The merger of Bell Atlantic and GTE, to form Verizon Communications, became effective on June 30, 2000, with an exchange ratio of 1.22 shares of Verizon Communications Common Stock for each share of GTE Common Stock owned. Delta Sigma Theta Sorority, Incorporated. The Bell Atlantic-GTE merger, priced at more than $52 billion at the time of the announcement, closed nearly two years later, following analysis and approvals by Bell Atlantic and GTE shareowners, 27 state regulatory commissions and the Federal Communications Commission (FCC), and clearance from the United States Department of Justice (DoJ) and various international agencies. Anthony Hall, particularly the Delta Chapter at the University of Pennsylvania. The mergers that formed Verizon were among the largest mergers in United States business history, culminating in a definitive merger agreement, dated July 27, 1998, between Bell Atlantic, based in New York City since the merger with NYNEX in 1996, and GTE, which was in the process of moving its headquarters from Stamford, Connecticut, to Irving, Texas. The Fraternity of Delta Psi, also known as St. Its former Canadian subsidiaries have combined with the former Alberta Government Telephones (AGT) to create TELUS, the second largest telecommunications carrier in Canada. Air Force personnel stationed at Ramstein Airbase in Germany consisting of mainly National Guard and Reserve people. GTE operated in Canada via controlling interest in subsidiary companies such as BC TEL and Quebec Tel. Temporarily activated squadron of U.S. GTE provided local telephone service in a large number of areas of the U.S. See Delta Chapter of Alpha Phi Omega. They also owned Automatic Electric, a telephone equipment supplier similar in many ways to Western Electric. The oldest continually active Chapter of Alpha Phi Omega. It would later merge with the second largest independent, Continental Telephone (ConTel). The German psychedelic trance project The Delta. General Telephone and Electronics (GTE) was the largest of the "independent" telephone companies during the days of the Bell System. The American actress Delta Burke. parent company's merger with Verizon, before being dropped in 2002 in favor of Gibtelecom, although it is still used colloquially in Gibraltar. The Australian actress, singer and songwriter Delta Goodrem. The NYNEX name was retained after the U.S. Penelope Delta, a Greek writer/poet. In Gibraltar, NYNEX had a 50 per cent stake in a joint venture with the Government of Gibraltar, called Gibraltar NYNEX Communications, also known as GNC or GibNYNEX. Delta Air Lines, an airline company. NYNEX also operated cable TV services in some parts of the UK, although these were later sold to Cable & Wireless, which subsequently sold these to NTL. DEscription Language for TAxonomy. NYNEX was created as one of the original Regional Bell Operating Companies (RBOCs) in 1984 and it owned New York Telephone and New England Telephone. A tropical storm that formed in November 2005. NYNEX was consolidated into this name by 1997. In education, the DELTA (always in capitals) is an advanced diploma in English language teaching (ELT). when it merged, it moved its corporate headquarters from Philadelphia to New York City. In neuroscience the slowest range of brainwaves. Pennsylvania, Delaware, Maryland, West Virginia, and Virginia as well as Washington, DC. A family of rockets, see Delta rockets. states of New Jersey, New York. A car, see Lancia Delta. Until its then Chairman and CEO, Raymond Smith orchestrated its merger with NYNEX in 1996, Bell Atlantic operated in the U.S. A computer game made by Thalamus Ltd, see Delta (computer game). Bell Atlantic's original roster of Operating Companies was Bell of Pennsylvania, New Jersey Bell, Diamond State, and Chesapeake and Potomac Telephone Companies. A computer, see Delta (computer). The origins of this company began as Bell Atlantic, and was created as one of the original Regional Bell Operating Companies (RBOCs) in 1984. A Greek dairy producer and manufacturer, See Delta Holdings S.A. . A Canadian hotel chain, Delta Hotels. Verizon Communications (NYSE: VZ) is a New York City-based Baby Bell formed when Bell Atlantic, one of the Regional Bell Operating Companies, bought GTE, formerly the largest independent local-exchange telephone company in the United States in 2000. (Alpha represents a male). Wisconsin. A female in police CB code. Washington. The letter D in the NATO phonetic alphabet, except in airports. Texas. In information technology, delta compression is a process that produces a file recording only the changes (or diff) between versions. South Carolina. See Bayer designation. Puerto Rico. In astronomy, the fourth brightest (usually) star in a constellation. Oregon. See baryon. Ohio. In particle physics, the delta particle is a short lived resonance of the proton. North Carolina. The Kronecker delta, δij. Nevada. The Dirac delta function, often used in Electronics and Digital Signal Processing. Michigan. In mathematical finance delta, δ, is one of "The Greeks"; delta measures the sensitivity of the value of a derivative to changes in the price of its underlying instrument. Indiana. ΔT or dT = temperature change. Illinois. Δ, symbol in math, to express a change or difference in values, e.g. Idaho. See river delta, also Mississippi delta, California Delta region, Nile Delta. Florida. A triangular area of alluvial deposit at the mouth of a river, roughly in shape of Δ. California. See delta (letter). West Virginia. Δ or δ, a letter of the Greek alphabet. Virginia. Vermont. Rhode Island. Pennsylvania. New York. New Jersey. New Hampshire. Massachusetts. Maryland. Maine. District of Columbia. Delaware. northeastern Connecticut. |