Verizon Communications, Inc. , is a broadband telecommunications company and the largest U.S. wireless communications service provider as of September 2014, and a corporate component of the Dow Jones Industrial Average.
The Dow Jones Industrial Average, also called DJIA, the Industrial Average, the Dow Jones, the Dow Jones Industrial, ^DJI, the Dow 30 or simply the Dow, is a stock market index, and one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow.
A telephone company, also known as a telco, telephone service provider, or telecommunications operator, is a kind of communications service provider that provides telecommunications services such as telephony and data communications access.
In telecommunications, broadband is a wide bandwidth data transmission with an ability to simultaneously transport multiple signals and traffic types.
The company is based at 1095 Avenue of the Americas in Midtown Manhattan, New York City, but is incorporated in Delaware.
Sixth Avenue – officially Avenue of the Americas, although this name is seldom used by New Yorkers – is a major thoroughfare in New York City's borough of Manhattan, on which traffic runs northbound, or "uptown".
New York is a state in the Northeastern United States and is the 27th-most extensive, fourth-most populous, and seventh-most densely populated U.S. state.
Midtown Manhattan, or Midtown, represents the central lengthwise portion of the borough and island of Manhattan in New York City.
What eventually became Verizon was founded as Bell Atlantic, which was one of the seven Baby Bells that were formed after AT&T Corporation was forced to relinquish its control of the Bell System by order of the Justice Department of the United States.
AT&T Corp., originally the American Telephone and Telegraph Company, is the subsidiary of AT&T that provides voice, video, data, and Internet telecommunications and professional services to businesses, consumers, and government agencies.
The Bell System was the system of companies, led by the Bell Telephone Company and subsequently by AT&T, which provided telephone services to much of the United States and Canada from 1877 to 1984, at various times as a monopoly.
The United States of America, commonly referred to as the United States or America, is a country composed of 50 states, a federal district, five major self-governing territories, and various possessions.
Bell Atlantic came into existence in 1984 with a footprint from New Jersey to Virginia, with each area having a separate operating company.
As part of the rebranding that the Baby Bells took in the mid-1990s, all of the operating companies assumed the Bell Atlantic name.
Rebranding is a marketing strategy in which a new name, term, symbol, design, or combination thereof is created for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors, competitors, and other stakeholders.
In 1997, Bell Atlantic expanded into New York and the New England states by merging with fellow Baby Bell NYNEX.
New England is a geographical region which comprises six states of the northeastern United States: Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.
NYNEX Corporation was a telephone company that served five New England states as well as most of New York state, except the Rochester area, from 1984 through 1997.
In addition, Bell Atlantic moved their headquarters from Philadelphia into the old NYNEX headquarters and rebranded the entire company as Bell Atlantic.
Philadelphia is the largest city in the Commonwealth of Pennsylvania and the fifth-most populous in the United States, with an estimated population in 2014 of 1,560,297.
In 2000, Bell Atlantic merged with GTE, which operated telecommunications companies across most of the rest of the country that was not already in Bell Atlantic's footprint.
GTE Corporation, formerly General Telephone & Electric Corporation, was the largest independent telephone company in the United States during the days of the Bell System.
Bell Atlantic, the surviving company, changed its name to "Verizon", a portmanteau of veritas and horizon.
The horizon or skyline is the apparent line that separates earth from sky, the line that divides all visible directions into two categories: those that intersect the Earth's surface, and those that do not.
In Roman mythology, Veritas, meaning truth, was the goddess of truth, a daughter of Saturn and the mother of Virtus.
As of 2016, Verizon is one of three companies that had their roots in the former Baby Bells.
The other two, like Verizon, exist as a result of mergers among fellow former Baby Bell members.
One, SBC Communications, bought out its former parent AT&T Corporation and assumed the AT&T name.
The history of AT&T dates back to the invention of the telephone itself.
The other, CenturyLink, was formed initially in 2011 by the acquisition of Qwest.
Qwest Communications International, Inc. was a large United States telecommunications carrier.