Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
verizon communications
Companies and corporations

How Verizon Communications was formed

31.12.2021
2 min read

Verizon Communications: the American communications giant

Verizon Communications is a major telecommunications company from the United States, its shares are listed on the stock exchange in New York, where the main office is also located.
The history of the origin of Verizon is associated with another major telecommunications company – AT&T. In 1984, the last one was under pressure from the U.S. government authorities, and as a result it was divided into many telephone companies, represented in different regions of the country. In addition, a long distance telephone operator was also formed. As a result, Bell Atlantic operated on the East Coast. It was represented in such regions as New Jersey, Virginia, the District of Columbia, Pennsylvania, and others.
In 1996, Bell Atlantic merged with NYNEX, which was also once part of AT&T. The company has now expanded into several more states, including New York. In 2000 another merger took place, Bell Atlantic became part of GTEruen, which was at that time the market leader in providing phone service in the U.S. The new company was called Verizon Communications. At the same time a joint company Verizon Wireless emerged, where Verizon owned a 55% stake and Vodafone of Great Britain owned a 45% stake. In 2014, the U.S. side bought the partner’s stake and became the sole owner of the firm. By this time, MCI, which specializes in providing communications through the IP protocol, had joined Verizon Wireless. A little later, the company acquired a part of the shares of the telecommunications network Alltel, the transaction amounted to more than 28 billion dollars.
In 2005, when mobile communication began to actively develop, Verizon decided to reduce the share of wireline telephony, and directed more funds to the expansion of mobile communication. In 2015, AOL Media Corporation joined the company, and a year later, for $4.48 billion, the takeover of Yahoo! And two years later, these firms joined a new division, Verizon Media.Verizon Communications carries out its activity on the territory of 150 countries and employs more than 135 thousand people. The total number of its service outlets is 1,600.
The main area of Verizon activity is selling wireless and wireline communication products to customers. The first is delivered through the eponymous network and the second through the Fios brand, which offers customers a fiber-optic or traditional copper-fiber connection.
In addition, Verizon’s business unit provides data storage, connectivity services for corporations and a variety of connectivity solutions. The company works with consumers as well as large corporations and government agencies.

Tags: Companies and corporations
0
Previous Post Bank of America: we should expect the surge in copper prices in the near future Next Post Biography of Geraldine Weiss: how a woman managed to become successful in the world of men

You Might Also Like

Macquarie Group
Companies and corporations
Macquarie Group: the history of the largest banking holding company in Australia
07.09.2020
ExxonMobil company
Companies and corporations
ExxonMobil: history of origin
29.07.2020
UPS1
Companies and corporations
How UPS appeared, which provides express delivery services around the world
22.09.2021
koenigsegg
Companies and corporations
Koenigsegg is a Swedish sports car manufacturer
11.12.2021
Nestle company
Companies and corporations
How Nestle appeared: the history of the creation and development of the brand
20.04.2022
Oracle Inc
Companies and corporations
American corporation Oracle Inc: business scope and product overview
15.01.2021

Recent Posts

  • 1DoorDash
    How DoorDash food delivery service succeeded in the U.S. market
    29.06.2022
  • 2Performance marketing-1
    What you need to know about performance marketing: its trends
    28.06.2022
  • 3Counterparty risk definition
    Counterparty risk: when it is important to measure its level
    27.06.2022
  • 4Inflation in Europe
    Inflation in Europe to outpace that in the US: analysts forecast
    26.06.2022
  • 5OpenSea NFT platform
    OpenSea’s NFT platform hits the $13.3 billion mark
    25.06.2022

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Development of the financial sector in terms of DeFi potential

Social media

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Latest Posts

billionaire John DeJoria
John DeJoria: from a homeless man to a billionaire
30.06.2022
DoorDash
How DoorDash food delivery service succeeded in the U.S. market
29.06.2022
Performance marketing-1
What you need to know about performance marketing: its trends
28.06.2022

Chaslau Koniukh

Expert Chaslau Koniukh

Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

Popular Posts

  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
  • Field of activity of the American Monsanto Company Corporation
  • Development of the financial sector in terms of DeFi potential
  • Two cryptocurrency exchanges in Laos received approval from the country’s Central Bank
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram
  • Biography

Chaslau Koniukh – an expert in marketing and project management, international investments, financial analyst.

Social media

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics