Today, Verizon offers communications, information technology, and entertainment products to consumers globally. Verizon began selling off its land-based wirelines in 2005 in order to focus more fully on mobile and Internet technology. Among the more important changes the company has made was to sell off its land-based wirelines. Among the more notable were the purchase and merging of AOL and Yahoo! which were later spun off in a sale to Apollo Global Management. Over the years, Verizon has expanded its territory and its offerings to include mobile, internet and entertainment. The company changed its name to Verizon following the GTE merger and it is a blend of the Latin word veritas which means Truth and Horizon. MCI was also added, expanding the long-distance services, then the company acquired until-then independent operator GTE and became a national carrier. The original home range was from New Jersey to Virginia but, ironically, shortly after the split the baby bells, including Bell Atlantic, began to merge together in order to expand their territories.īell Atlantic acquired NYNEX, another baby Bell, in a move that expanded operations into New York and New England. The company was spun off from the original Bell network as Bell Atlantic when it was split into 7 companies in 1984. It has its roots in the original Bell system and is one of only 3 “baby Bells” to exist today. is the US's largest provider of mobile and telephone services. 3 Large Caps With Good Upside AND Big Dividend Yields.3 Lithium Stocks Powering Up For Big 2023 Gains.Don’t Sleep on Airbnb Stock If You Want In on the Travel Boom. 3 Midcap Energy Stocks Set For Triple-Digit Earnings Growth.Apple Takes A Breather, But The Signals Are Clear.Intel Management Testing Investors Long-term Commitments.NVIDIA: AI and Gaming Lead The Way Forward.Can Alibaba Sustain the Earnings Boost?.Is The Rally In The TJX Companies Stock Over?.Opportunity Strikes for these High-Yield Values.The Trader's Guide to Equities Research.
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