Verizon Communications Inc. is a leading provider of communications, information, and entertainment products and services to consumers, businesses, and government entities. It operates through two segments: Verizon Consumer Group and Verizon Business Group.
Description: Verizon Communications Inc. is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. The company is headquartered in New York City, but incorporated in Delaware. Verizon was formed on June 30, 2000, through the merger of Bell Atlantic Corp. and GTE Corp. The company's primary business is wireline and wireless telecommunications, including broadband and cable television. Verizon is one of the largest wireless carriers in the United States, with over 120 million subscribers. It also owns a significant fiber-optic network and provides services such as Verizon Fios for internet, TV, and phone. The company has a market capitalization of over $200 billion and is a major player in the telecommunications sector.
Established / Launched: June 30, 2000
Founder / Issuer: Bell Atlantic Corp. and GTE Corp.
Headquarters: New York City, New York, United States