Verizon.com Verizon, an American cellphone service provider

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Verizon Wireless

Verizon Communications, Inc. is a U.S. based broadband and telecommunications company. The company is a component of the Dow 30. In 1997, Bell Atlantic merged with another regional Bell Operating Company. In 2000, Bell Atlantic, one of the Regional Bell Operating Companies bought GTE, which was formerly the largest independent local exchange telephone company of the U.S. At this point, Verizon Communications, Inc. was born. The name ‘Verizon’ is a combination of veritas and horizon. The name is suggestive of speed, certainty, and reliability of a forward looking and Visionary enterprise. The company has secured an indisputable and reputed place in the country as one of the leading providers of wireless, telecommunication, phone, Internet and networking solutions to individuals, institutions and corporate units.

History

Verizon Communications Inc. was established on June 30, 2000, in New York, incorporated in Delaware with the merger of Bell Atlantic Corp. and GTE Corp. The company began trading through the New York Stock Exchange in the same year. During the course of 20th century, the government regulations had been the strong driving force behind the formation of Verizon. With the signing of telecommunications act in 1996, the federal law of the state directed a shift to more market-based policies. This could facilitate a boom in the growth of the company. Bell Atlantic acquired GTE in 2000 giving way to the formation of Verizon. This merger was one of the largest in the business history of the United States. Verizon began trading on the U.S. Stock exchange on July 3, 2000 under the symbol VZ. Earlier in 1991, Bell Atlantic and UK-based Vodafone AirTouch Plc had made an agreement to create a new wireless business under a single brand name and common digital technology. This joint venture in the wireless realm was approved in a matter of six months and began operations as Verizon wireless. Before Cingular Wireless acquired AT&T Wireless in 2004, this was the nation’s single largest wireless company.

Business Profile

Verizon Communications Inc. has its headquarters in New York, USA offering Broadband Internet services, Television service, and local wireless and wired telecommunication services. The annual revenue of the company is $88.144 billion (2006) with an operating income of $13.373 billion. The net income of Verizon is $6.197 billion. The company has employed about 217,000 people across the United States.

Range of Services

According to the target groups, the services of the company can be classified into four segments. The residential services of the company include High Speed Internet, TV and Entertainment, and Phones used at homes. Verizon’s services to small businesses include High speed Internet, phone services, and bundles for business firms with up to 20 employees. Services to medium businesses comprise of Voice and data communications for business units with 20 to 500 employees. Verizon’s services to large business enterprises and government agencies include Global networking, security, mobility, hosting and IT solutions. Apart from this, the wireless services of the company include wireless phones, calling plans, V CAST, Ring tones, text messaging and several others.

The landline services of Verizon are Plain Old Telephone Service (POTS), Voice Over Internet Protocol (VoIP), and Optical Fiber Line Services. In addition, Verizon also offers long distance services and Verizon Web calling services used within Windows Live Messenger. Verizon Voice Wing offers phone services over broadband Internet connection.

The first Video service of the company was launched in Keller, Texas, on September 22, 2005. This service uses an optical fiber network to deliver over 330 channels, above 180 digital video and music channels, about 20 high-definition channels, and 1,800 video-on-demand titles. In addition to this, Verizon also provides direct TV service.

Verizon provides Digital Subscriber line Internet Service in several areas where the Verizon phone services are available. Recently, Verizon launched FiOS Internet services, which is a FTTP (Fiber to the Premises, or Fiber to the Home) service.

Website

The official site of the company is www22.verizon.com. This site provides all the necessary information about various packages offered by the company for various types of customers. However, to know more about the company’s profile and other related information, the sites listed below would be helpful.