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Verizon is one of the most important verbal exchange generation corporations on the earth.

Every day, we attach tens of millions of other people, corporations and communities with our tough generation. We’re the usage of our award-profitable networks to make breakthroughs in interactive leisure, virtual media, the Internet of Things and broadband products and services for patrons. Whatever the long run seems like, regardless of the virtual global guarantees, we will be able to ship.

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Corporate Responsibility Report

At its core, our trade connects other people with every different and the arena round them. Our generation powers connections that allow other people, companies and society to do wonderful, groundbreaking issues. That is a terrific energy, and now not one thing we take calmly. It’s why we’re dedicated to the usage of our generation and our property to lend a hand construct a brighter long term.

This 12 months’s record main points our development in our venture to offer people the power to do extra on this global. We’re offering adolescence in beneath-resourced communities with the abilities to achieve an increasingly more tech-dependent activity marketplace. Our networks and attached answers allow financial savings of greenhouse fuel emissions and we’re taking steps to make our operations extra environment friendly. We stay dedicated to making sure our shoppers’ privateness and information safety, to offering a various and inclusive place of business and to the easiest moral requirements in all sides of our trade.
We ship sturdy effects for our shareowners.
Not many corporations can become their companies in a time of accelerating exchange, however we have now and can proceed to take action. Review the effects we’ve dropped at shareowners and our quarterly monetary highlights.

Verizon Communications Inc., headquartered in New York, is an international chief in turning in broadband and different wi-fi and wireline communications products and services to shopper, trade, executive and wholesale shoppers. Verizon Wireless operates America’s maximum dependable wi-fi community, with greater than 94 million retail shoppers national. Verizon additionally supplies converged communications, knowledge and leisure products and services over America’s maximum complicated fiber-optic community, and delivers built-in trade answers to shoppers in additional than 150 international locations, together with all of the Fortune 500. A Dow 30 corporate with $111 billion in 2011 revenues, Verizon employs a various team of workers of greater than 188,000.

As the arena chief in turning in innovation in communications, mobility, knowledge and leisure, Verizon supplies awesome broadband, video and different wi-fi and wireline products and services to customers, companies, governments and wholesale shoppers around the globe. We function America’s quickest 4G wi-fi community and supply products and services over America’s maximum complicated fiber-optic community. In addition, we ship built-in trade answers to shoppers in additional than 150 international locations, together with all of the Fortune 500.

The enduring supply of Verizon’s price is the central function we play in an trade necessary to the worldwide economic system and deeply embedded within the lives of our shoppers. Whether it’s thru iconic merchandise that fortify other people’s lives, inventive methods that open new markets and increase get right of entry to to generation, collaborations that advertise innovation or projects that observe our generation to pressing social problems, Verizon is the usual-bearer for the trade and a pacesetter in turning in the advantages of our empowering generation to the arena. It’s no wonder to us that we earned the No. 1 rating in our trade in Fortune mag’s 2012 checklist of the World’s Most Admired Companies.

For Verizon, our most fun expansion alternatives happen the place trade and social pursuits intersect. We’re the usage of our technological and philanthropic sources to handle the arena’s unmet social and environmental wishes. In the method, we’re fueling the social innovation that can open new markets, force our expansion and toughen Verizon’s necessary function within the virtual global.

The History of Verizon Communications

Truly a 21st century corporate, in line with the promise of a brand new aggressive market, Verizon Communications Inc. was once shaped on June 30, 2000, with the merger of Bell Atlantic Corp. and GTE Corp.

Verizon Communications Inc., based totally in New York City and integrated in Delaware, was once shaped on June 30, 2000, with the merger of Bell Atlantic Corp. and GTE Corp. Verizon started buying and selling at the New York Stock Exchange (NYSE) beneath the VZ image on Monday, July three, 2000. It additionally started buying and selling at the NASDAQ alternate beneath the similar image on March 10, 2010.

The image was once decided on as it makes use of the 2 letters of the Verizon emblem that graphically painting velocity, whilst additionally echoing the genesis of the corporate title: veritas, the Latin phrase connoting walk in the park and reliability, and horizon, signifying ahead-taking a look and visionary.

While Verizon is in reality a 21st century corporate, the mergers that shaped Verizon had been a few years within the making, involving corporations with roots that may be traced to the beginnings of the phone trade within the past due 19th century.

Government legislation in large part formed the evolution of the trade right through maximum of the 20th century. Then, with the signing of the Telecommunications Act on Feb. eight, 1996, federal regulation directed a shift to extra marketplace-based totally insurance policies. This promise of a brand new aggressive market was once a motive force at the back of Verizon’s formation.

When Verizon Communications started operations in mid-2000, the leaders of Bell Atlantic and GTE shared control duty for the corporate. Former GTE Chairman and CEO Charles R. “Chuck” Lee was Verizon’s founding Chairman of the Board and co-CEO, whilst former Bell Atlantic CEO Ivan Seidenberg was Verizon’s founding President and co-CEO. In accordance with a management transition plan introduced on the time of the merger, Lee retired from Verizon in 2002. Seidenberg retired as Chairman and CEO in 2011 and was once succeeded via Lowell C. McAdam, who was CEO in August 2011 and Chairman on Jan. 1, 2012. McAdam was once Verizon’s president and COO ahead of turning into CEO, and he was once CEO of Verizon Wireless previous to that.

Verizon Overview

Verizon is a pacesetter in turning in broadband and different verbal exchange inventions to wireline and wi-fi shoppers.

Industry Overview

Shifts from analog to virtual generation, from stressed out to wi-fi platforms, and from narrowband to broadband products and services are remodeling conventional phone corporations into suppliers of complete-carrier communications networks that ship top-velocity, cell connectivity.



Updated: May 13, 2018 — 8:00 am

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