Verizon is the number one US Telecom services provider. Verizon operates through three wings namely Telecom, Business, and Wireless. Its Telecom operations include about 45 million access lines in 28 states and Washington, DC. Verizon Wireless,is the company's joint venture with Vodafone and stands as number two US wireless provider serving around sixty million customers. Verizon Business was formed in 2006 when Verizon bought MCI, creating a global advanced communications and
information technology (IT) powerhouse to serve large business and government clients.
Verizon Communications Inc. was formed in June 2000 with the merger of Bell Atlantic and GTE. It is a leading provider of communications services. The company's business is split into four main operating segments. Domestic Telecom provides wireline and telecommunications services including broadband. Verizon's Information Services unit is involved in directory publishing and electronic commerce services. The company's International arm provides wireline and wireless operations in the
Americas and Europe. According to the company, its network connects more than 1.5 billion telephone calls each day.
The name Verizon is a combination of the Latin word veritas and the word "horizon".It combined consumer and business services into one massive $58 billion deal. The wireless division got underway first; the Verizon moniker and logos appeared soon after. The re-branding and melding of the two companies was a formidable task; when the merger was first announced in July 1998 Bell Atlantic operated in 13 Mid-Atlantic states and encompassed local telephone service, video, Internet, and wireless divisions. GTE had wireless, Internet, video, local telephone, and long-distance service in 28 western states. It is headquartered in Basking Ridge, New Jersey.
Verizon Wireless traces its roots to Bell Atlantic Mobile, NYNEX Mobile Communications, Air Touch Communications, Prime Co Communications, and GTE Mobilnet. Bell Atlantic Mobile and NYNEX Mobile Communications merged together in 1995 to create Bell Atlantic-NYNEX Mobile. In 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 on advancements in high-speed mobile Internet services. Verizon Wireless had 27.5 million voice and data customers. The deal further doubled Verizon's existing voice capacity. Verizon is proud of its leadership and reputation as a world-class company that is committed to the highest ethical standards. The goal of Verizon is to be the most respected brand in communications by making and keeping promises to its customers,communities,shareholders, and employees. Verizon Communications is one of the top 15 of the Fortune 100 companies with approximately 200,000 employees.
While the telecommunications industry is more than 100 years old, the industry today finds itself at the beginning of a new communications revolution with Verizon. Technology at Verizon has radically transforming this industry and has made calling all over the world quite convenient and fast.
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