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Verizon Communications Wiki/Bio
Verizon Communications Inc. is a telecommunications corporation based in the United States that is a Dow Jones Industrial Average component. The corporation is incorporated in Delaware and has its headquarters at 1095 Avenue of the Americas in Midtown Manhattan, New York City. The US Department of Justice ordered AT&T Corporation to split the Bell System into seven entities, each known as a Regional Bell Operating Company (RBOC), or “Baby Bells,” in 1984. Bell Atlantic, one of the Baby Bells, was founded the same year, and was formed by merging the individual operating firms New Jersey Bell, Bell of Pennsylvania, Diamond State Telephone, and C&P Telephone. All of Bell Atlantic’s operating businesses took up the name of the parent company as part of a rebranding of the Baby Bells in the mid-1990s. Bell Atlantic merged with sister Baby Bell NYNEX in 1997 to expand into New York and the New England states. The surviving corporate name was Bell Atlantic, and the amalgamated business’s headquarters were transferred from Philadelphia to NYNEX’s previous headquarters in New York City. Bell Atlantic bought GTE, a telecommunications company that operated over much of the rest of the country that was not already part of Bell Atlantic’s footprint, in 2000. The surviving company, Bell Atlantic, changed its name to Verizon, a blend of veritas (Latin for “truth”) and horizo (Spanish for “horizon”).
When the Federal Communications Commission authorised the US$64.7 billion merger with telephone firm GTE in June 2000, nearly two years after the agreement was announced in July 1998, Bell Atlantic changed its name to Verizon Communications. The clearance came with 25 conditions, including investing in new markets and internet technology, in order to maintain competition amongst local phone companies. The new company was led by co-CEOs Charles Lee, the former CEO of GTE, and Ivan Seidenberg, the CEO of Bell Atlantic. Verizon has surpassed AT&T as the largest local telephone carrier in the United States, with 63 million lines in 40 states. In addition, the corporation inherited 25 million mobile phone subscribers. Verizon is derived from the Latin words veritas, which means truth, and horizon, which means horizon. The corporation spent $300 million on marketing the new brand, which was picked from 8,500 contenders. Bell Atlantic launched Verizon Wireless in a joint venture with the British telecoms giant Vodafone in April 2000, two months before the FCC awarded final permission to the foundation of Verizon Communications. Verizon Wireless was founded as a separate company run by Bell Atlantic, which had a 55 percent stake in the venture. Vodafone kept 45 percent of the business. The purchase was worth over $70 billion and resulted in the creation of a mobile carrier with 23 million users.
Verizon Wireless endorsed an FCC-issued portability rule in June 2003, allowing customers to transfer their phone numbers between providers. The next quarter, the corporation added 1.5 million new users, thanks in part to the regulation modification. The Dow Jones Industrial Average included Verizon Communications in its stock market index in April 2004. Verizon took the place of AT&T, a telecommunications rival that had been a component of the index since the Great Depression. Following the September 11 attacks, Verizon, along with AT&T and BellSouth, gave the National Security Agency landline phone information, according to USA Today in May 2006. In the same month, two attorneys filed a $50 billion lawsuit on behalf of all Verizon customers, alleging privacy abuses and preventing the firm from disclosing new information without authorization or permission. Because of the dispute, protesters organised the National Day of Out(R)age. Verizon said in 2007 that it only complied with “lawful demands” for information, although it also admitted to handing over consumer information to government organisations 720 times without court orders or warrants between 2005 and 2007. Verizon was chastised by the non-partisan Public Campaign in December 2011 for its tax dodging practises after spending $52.34 million on lobbying and receiving $951 million in tax refunds between 2008 and 2010, resulting in a $32.5 billion profit. The same audit chastised Verizon for boosting CEO compensation for its top five CEOs by 167 percent in 2010 despite laying off 21,308 workers between 2008 and 2010.  Verizon, on the other hand, reported paying more than $11.1 billion in taxes (including income, employment, and property taxes) from 2009 to 2011 in its Form 10-K filed with the Securities and Exchange Commission on February 24, 2012.
Verizon was accused by the Communications Workers of America in October 2016 of refusing to maintain its copper telephone service on purpose. Verizon workers in Pennsylvania were ordered to convert voice-only clients to VoiceLink, a technology that offers telephone service via the Verizon Wireless network, rather than repair copper lines, according to internal memos and other papers revealed by the company. VoiceLink has certain drawbacks, such as incompatibility with services or devices that need data transfer via the phone line and reliance on a battery backup in the event of a power outage. Technicians who did not follow the memo’s instructions risked being fired. The Washington Post reported on January 26, 2017 that Verizon and Charter Communications were in discussions to combine. Verizon teamed with Alley in 2017 to create a handful of coworking spaces dubbed “Alley powered by Verizon.” Verizon was sued by New York City on March 13, 2017, for breaking its cable franchise agreement, which obliged the provider to offer a fiberoptic network to all city residents by June 30, 2014. Verizon refuted the claims, citing landlords who refused to allow the equipment to be installed on their buildings and a government agreement that the fibre network would follow the same paths as its copper lines, which did not necessarily imply it would be faster. Verizon purchased videoconferencing service BlueJeans on May 15, 2020, in order to broaden its corporate portfolio, notably its unified communications capabilities. While the purchase price has not been disclosed, it is expected to be in the low $500 million level. The deal should be completed in the second quarter of 2020. In September of the same year, the company announced its intention to buy TracFone Wireless (a subsidiary of Mexico’s America Movil) for $6.25 billion. Verizon and Apple cooperated in October 2020 to deliver 5G connection to Apple’s iPhone 12 series.
|Verizon Communications Contact Address, Phone Number, Email ID, Website|
|Phone Number||Not Known|
|House address (residence address)||New York, New York, United States|
Verizon Communications Contact Details
Verizon Communications Contact Details: NA
Verizon Communications Address: New York, New York, United States
Verizon Communications Phone Number: NA
Verizon Communications Whatsapp Number: NA
Verizon Communications Office Email ID: NA
Verizon Communications Social Profiles
Verizon Communications Facebook Fan Page: https://www.facebook.com/verizon
Verizon Communications Twitter Handle: https://twitter.com/Verizon?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
Verizon Communications Instagram Profile: https://www.instagram.com/verizon/?hl=en
Verizon Communications Snapchat Profile: NA
Verizon Communications YouTube Channel: https://www.youtube.com/user/VERIZON