[30] Vodafone retained 45% of the company. 160 0 obj <> endobj [190] Verizon has admitted to throttling content of its competitors including Netflix and YouTube. 198 0 obj <>stream STEPHEN HARDY is Editorial Director and Associate Publisher of Cabling Installation & Maintenance sister brand, LIGHTWAVE. The organization released internal memos and other documents stating that Verizon workers in Pennsylvania were being instructed to, in areas with network problems, migrate voice-only customers to VoiceLink, a system that delivers telephone service over the Verizon Wireless network, instead of repairing the copper lines. [93] They also made a deal with the NFL to have an app where people could watch live NFL events. 2022 Endeavor Business Media, LLC. I am grateful for the opportunity to lead Verizons consumer business and capitalize on this next stage of growth as we reimagine the possibilities for supporting and serving our customers.. The memo warned that technicians who do not follow this procedure would be subject to "disciplinary action up to and including dismissal". [65][66] During that auction, the company bid $9.4 billion and won the bulk of national and local licenses for airwaves reaching approximately 469 million people. The unit's exterior Viavi selected by Italy's Open Fiber as FTTH testing partner. [38] This strike did not involve all company employees, as mostly line technicians and user technicians of the company are union. Factset: FactSet Research Systems Inc.2019. endstream endobj startxref Our councils and functional organizations operate using a year-round planning and implementation process. [104] In May 2015, Verizon agreed to pay $90 million "to settle federal and state investigations into allegations mobile customers were improperly billed for premium text messages.
She managed various transformational programs that enabled the company to become the most admired telecom in Canada. SBC Communications bought the Bells' former parent AT&T Corporation and took on the AT&T name, and CenturyLink acquired Qwest (formerly US West) in 2011 and later became Lumen Technologies in 2020.
[17][18] Bell Atlantic's original roster of operating companies included: Bell Atlantic originally operated in the states of New Jersey, Pennsylvania, Delaware, Maryland, West Virginia, and Virginia, as well as Washington, D.C.[21], In 1996, CEO and Chairman Raymond W. Smith orchestrated Bell Atlantic's merger with NYNEX. [103], On January 22, 2014, the Wall Street Journal reported that Verizon received more than 1,000 requests for information about its subscribers on national security grounds via National Security Letters. and Waste Management International plc. [178] Verizon's educational initiatives have focused on STEM fields,[179] including: a national competition for students to develop mobile application concepts;[179] the Verizon Innovative Learning Schools program, providing professional development for teachers in underserved areas;[180] and providing students with wireless hardware and services as part of President Obama's ConnectED program. [203], In 2020 USA Team Handball CEO Barry Siff that they are planning to create an American professional team handball league sponsored by Verizon. [50][51] As a result, Verizon Business was established as a new division to serve the company's business and government customers. Administrators of the site found that only traffic on port 80 to the boards.4chan.org domain was affected, leading them to believe the block was intentional. [60], In March 2007, Verizon won a lawsuit against Vonage for patent infringement. [52] The FCC approved the deal on November 5, 2005, valuing it at $8.5 billion. Verizon launched 3G service in 2002, which doubled the Internet speed of the time to 144kb per second. The same report also criticized Verizon for increasing executive pay by 167% in 2010 for its top five executives while laying off 21,308 workers between 2008 and 2010.
[191][192], In May 2020, the Better Business Bureau criticized Verizon for claiming it was "building the most powerful 5G experience for America" and recommended that the company make clear and conspicuous disclosures to consumers about the limited actual availability of its 5G network. In 1997, Bell Atlantic expanded into New York and the New England states by merging with fellow Baby Bell NYNEX. "Five Sentences from Google/Verizon that Could Change the Net Forever", "Verizon: 4G Wireless Service Debuts this Sunday", "Verizon reports record revenue in second quarter", "Verizon Hangs Up on Directory Assistance", "Frontier to Buy Verizon Lines for $8.5 Billion", "Verizon sells landlines in 14 states to Frontier in $8.6B deal", "Frontier Weighs Sale of Ex-Verizon Landline Assets", "Verizon to Buy Terremark for $1.4 Billion", "Verizon CEO Ivan Seidenberg Steps Down; Lowell McAdam Takes Helm", "30 Major U.S. [48], In 2005, Verizon launched VCast, a multimedia service that allowed people to download apps, music, ringtones, and videos. [108] On August 1, 2016, Verizon announced its acquisition of Fleetmatics, a fleet telematics system company in Dublin, Ireland, for $2.4 billion, to build products that it offers to enterprises for logistics and mobile workforces. Before joining Verizon as COO and Deputy CEO in July 2021, Manon was the President and CEO of Vidotron, a Canadian telecommunications company that provides home broadband, pay television, telephony services and wireless communications. [84], In June 2012, Verizon purchased Hughes Telematics, a producer of wireless features for automobiles, for $612 million as part of its strategy to expand into new growth areas in its wireless business. He is an avid sports fan and enjoys soccer, rugby, field hockey and traveling with his family. A Warner Bros. [54] It sold 700,000 lines in Hawaii in 2005,[54][76] and spun off lines in Maine, New Hampshire and Vermont in January 2007, which were then purchased by FairPoint Communications for $2.72 billion. As of 2016[update], Verizon is one of three remaining companies with roots in the former Baby Bells. 4chan.org. [111][112], In November 2016, Verizon acquired mapping startup SocialRadar, whose technology would be integrated with MapQuest. [181] The company also runs HopeLine, which has provided mobile phones to approximately 180,000 victims of domestic violence,[182][183] and a program that offers grants for victims of domestic violence to start or grow home-based businesses. [78][79] In 2016, Verizon sold its wireline operations in Texas, Florida, and California to Frontier. At Verizon, we drive our business forward through both the management structure we have put in place and the planning and implementation process we use to ensure that decisions are well thought-out and then put into action. Manonwill drive Verizons market leadership in connected 5G experiences, while continuing to transform the Verizon Consumer Groupsinto a fully integrated technology company. [73][74], In December 2010, Verizon introduced its 4G LTE network in 38 markets, as well as airports in seven additional cities.
[200], In late 2010, Verizon Communications joined with Vodafone Group in a joint partnership to replace Sprint as the official wireless telecommunications partner of the National Football League. Graybar expands board of directors to include new CFO, UL Solutions opens Ethernet Alliance Gen 2 PoE cert testing lab in Taiwan, Lightpath adds 75 route mi.
Ronan made an incredible mark on our company, said Vestberg. Executive Vice President and CEO of Verizon Consumer Group. [85] The same month, Verizon's E-911 service failed in the aftermath of the June 2012 derecho storm in several northern Virginia suburbs of Washington, D.C., with some problems lasting several days. She will succeed Ronan Dunne, who will take on the role of Strategic Advisor. In order to ensure that decisions in these areas are made in the best interests of Verizon as a whole, members of our senior management team also serve on several cross-functional governance councils which are overseen by the CEO and which review and approve matters that cut across functional organizations. [75], Between 2005 and 2010, Verizon divested wireline operations in several states in order to focus on its wireless, Fios internet and Fios TV businesses. Bell Atlantic,[10] one of the Baby Bells, came into existence the same year. Manon also led the creation of Fizz, a sub-brand of Vidotron and the first fully digital mobile and Internet provider in the region.
At the same time, the company announced a $4.6 billion write-off on its media division, citing "increased competitive and market pressures throughout 2018 that have resulted in lower-than-expected revenues and earning. Individual domains would only be unblocked upon request. [62], In May 2007, Verizon acquired Cybertrust, a privately held provider of global information security services. In October 2020, Verizon collaborated with Apple to bring 5G connectivity to Apple's iPhone 12 lineup. The sale was oversubscribed, meaning that investors bids were about $8 billion. [29][30][31] The companies established Verizon Wireless as its own business operated by Bell Atlantic, which owned 55% of the venture. [83] However, in its Form 10-K filed with the SEC on February 24, 2012, Verizon reported having paid more than $11.1 billion in taxes (including income, employment and property taxes) from 2009 to 2011. for $4.83 billion. [35] In another partnership with MSN in 2002, Verizon Wireless launched the mobile content service VZW with MSN and a phone that utilized the Microsoft Windows operating system.[36]. Verizon Communications Inc., commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. A Verizon spokesperson responded to the allegations, stating that the company's top priority was to restore service to customers as quickly as possible, and that VoiceLink was a means of doing so in the event that larger repairs had to be done to the infrastructure. [54] Verizon also shed its telephone directory business in 2006. This includes leading retail and customer services, consumer marketing, digital transformation, as well as managing Verizons growing multi-brand portfolio with Visible and TracFone.
Bell Atlantic Corporation was created as one of the original Regional Bell Operating Companies (RBOCs) in 1984, during the breakup of the Bell System. While Bell Atlantic was the surviving company, the merged company moved its headquarters from Philadelphia to NYNEX's old headquarters in New York City. Verizon plans to invest money on renewable energy, for instance, by developing solar and wind energy energy-efficient projects involving technology and equipment replacement, and the deployment of 5G wireless technologies, allowing for real-time response for energy demand (smart building management and city systems), green buildings, sustainable water management, and also biodiversity and conservation. [80], On January 27, 2011, Verizon acquired Terremark, an information technology services company, for $1.4 billion. This site requires you to register or login to post a comment. Manon will report directly to Hans Vestberg, Verizon Chairman and CEO. [159], In 2009, Verizon joined with the Ad Council, in partnership with the Family Violence Prevention Fund and the Office on Violence Against Women, to create the "That's not cool" public service advertising campaign. | Handball Planet", "Verizon steps into Rings, sponsors Team Handball", "Verizon steps into the Olympic rings, sponsors Team Handball", "Philadelphia gets a new concert hall a century aborning", "North Little Rock's Verizon Arena to change name to Simmons Bank Arena this week", "Mankato council OKs new civic center name", "SNHU Partners with SMG to Provide Opportunities for Students and Connect with the Community", "Curtain to close on Irvine Meadows Amphitheater", "Verizon Wireless Amphitheater gets new name", "Alpharetta venue will become Ameris Bank Amphitheatre", Bell Operating Companies (from Bell System Memorial), The Chesapeake & Potomac Telephone Company, The Chesapeake & Potomac Telephone Company of Maryland, The Chesapeake & Potomac Telephone Company of West Virginia, The Chesapeake & Potomac Telephone Company of Virginia, Alexander Graham Bell National Historic Site, New England Telephone and Telegraph Company, R.H. Donnelley Publishing and Advertising of Illinois, Northern New England Telephone Operations, United States landline telephone companies, Internet service providers of the United States, multi-channel video programming distributors, List of local television stations in North America, List of United States stations available in Canada, List of American cable and satellite networks, 1994 United States broadcast TV realignment, 2006 United States broadcast TV realignment, List of Canadian television stations available in the United States, Global telecommunications regulation bodies, Global surveillance disclosures (2013present), https://en.wikipedia.org/w/index.php?title=Verizon_Communications&oldid=1099322307, Cable television companies of the United States, Mass media companies of the United States, Pay telephone operators of the United States, Telecommunications companies of the United States, Telecommunications companies established in 1983, Companies in the Dow Jones Industrial Average, Companies listed on the New York Stock Exchange, Publicly traded companies based in New York City, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, All Wikipedia articles written in American English, Articles containing potentially dated statements from 2016, All articles containing potentially dated statements, Articles with unsourced statements from December 2020, Creative Commons Attribution-ShareAlike License 3.0, Manon Brouillette, executive vice president and group CEO, Verizon Consumer, Tami Erwin, executive vice president and group CEO, Verizon Business. [215], "Verizon" redirects here. [196] The deal was extended for another three years in 2012 and included new provisions for the league to provide exclusive content through Verizon's GameCenter app. [101][102] In June 2016, in a 184-page ruling, the United States Court of Appeals for the District of Columbia Circuit upheld, by a 21 vote, the FCC's net neutrality rules and the FCC's determination that broadband access is a public utility rather than a luxury. [29][30] Verizon Wireless merged Bell Atlantic's wireless network, Vodafone's AirTouch and PrimeCo holdings, and the wireless division of GTE. Prior to O2, he held senior positions in banking with Banque Nationale de Paris and in the corporate sector with Exel plc. [158], The "There's a map for that" campaign was launched in late 2009, designed as a parody of AT&T's "There's an app for that" campaign. [45], In 2004, Verizon launched its Fios Internet service, which transmits data over fiber optic cables, in Keller, Texas.
[206], The main home concert hall of the Philadelphia Orchestra at the Kimmel Center for the Performing Arts is named Verizon Hall. All rights reserved. Verizon reported third-quarter earnings today highlighted by revenue and customer growth as more than one in four Consumer wireless phone customers now have a 5G-capable device. Our management team is organized into functional groups that have responsibilities for discrete businesses, operations and corporate functions.
Under her leadership, Vidotron became Canada's fastest-growing carrier since the wireless services launched in 2010. In addition, customer turnover dropped to 1.8% in 2001, down from 2.5% in 2000.
[59], In February 2007, Verizon added a new service to V Cast called V Cast Mobile TV, which took advantage of Verizon's multiple cellular technologies (such as EV-DO) allowing people with high-end devices to watch TV on their device. Morningstar: 2019 Morningstar, Inc. All Rights Reserved. While Brouillette was on the Board of Directors for Altice, one of the largest broadband communications and video services providers in the U.S., Altice accelerated its growth across broadband, pay television, telephony services and proprietary content. Goldman Sachs and Bank of America Merrill Lynch were the bookrunners of the deal.
[188], According to Google Project Zero researcher Tavis Ormandy, Verizon applies a simplistic certification methodology to give its "Excellence in Information Security Testing" award, e.g. [187], According to Cbonds, the newly issued green bonds have 3.875% coupon rate and will mature on August 5, 2029. [72], In August 2010, the chairmen of Verizon and Google agreed that network neutrality should be defined and limited. Traffic was restored several days later. [153][154][155] The campaign, originally conceived by New York agency Bozell, ran from early 2001 to September 2010. 0 [205] To create multisports clubs like FC Barcelona or Paris Saint-Germain. VoiceLink has limitations, including incompatibility with services or devices that require the transmission of data over the telephone line, and a dependency on battery backup in case of power failure.
[164][165] Winners of the inaugural competition were announced at the 2014 Consumer Electronics Show. [54], In May 2006, USA Today reported that Verizon, as well as AT&T and BellSouth, had given the National Security Agency landline phone records following the September 11 attacks. The company planned on a three-year continuous expansion of the 4G service. [98], In September 2013, Verizon purchased the 45% stake in Verizon Wireless, previously owned by Vodafone, for $130 billion. [44] Verizon replaced telecom competitor AT&T, which had been a part of the index since the Great Depression.
Verizon's mobile network is the largest wireless carrier in the United States, with 120.9 million subscribers as of the end of Q4 2020.[16].
[90] Verizon began expanding its LTE network utilizing these extra airwaves in October 2013. A network and IT organization, as well as corporate-wide staff functions, will underpin the new groups. While we have long dreamed of the power and promise of a 5G-connected world, that vision is fast becoming our reality, said Brouillette. to Comodo Group. [63], In September 2007, Verizon Wireless reversed a controversial decision to deny NARAL Pro-Choice America a short code through which the organization could text consumers who had signed up for messaging from the group. [169][170][171], In 2016, Verizon started using the slogan "Better Matters" in reference to its networks. Hans Vestberg is chairman and chief executive officer of Verizon, the worlds largest wireless, fiber-optic and global information networks and Executive Vice President and CEO of Verizon Consumer Group, Executive Vice President and CEO of Verizon Business, Executive Vice President and Chief Financial Officer, Executive Vice President and Chief Human Resources Officer, Chief Corporate Social [41] In August 2002, Verizon began offering local, long-distance and mobile calling, as well as Internet service, in a bundle. Government Data Requests 2017", "Verizon Wireless reaches marketing deal with NHL", "Verizon extends as NHL wireless provider", "Verizon becomes title sponsor of IndyCar racing series", "Verizon becomes title sponsor of IndyCar Series", "Verizon named title sponsor of NASCAR Cup race on IMS road course in August", "How Verizon Wireless Views Sponsorship, Activation and ROI", "Wireless Service Providers Dial Up New Sponsorships", "USA Team Handball Announces Founding Partner/Jersey Partnership With Verizon", "Professional handball League in USA with 10 teams to start in 2023? AT&T and the telecom industry said they would seek to appeal the decision to the Supreme Court. The changes will take effect January 1, 2019, with the company expecting to financial reporting under the new structure during second-quarter 2019.
He joined Verizon in 2016 as executive vice president and group president of Verizon Wireless. A proud mother to two children and two stepchildren, she enjoys sailing with her family and is an avid runner. Leveraging our investment in C-band and the pending Tracfone acquisition, Manon will continue to scale our Consumer business across home and mobile. [114], In 2017, Verizon partnered with Alley to develop a number of coworking spaces under the name "Alley powered by Verizon". In recognition of her experience and accomplishments in the telecommunications and technology sectors, Manon was recognized by the Women's Executive Network (WXN) as one of Canada's 100 Most Powerful Women. %PDF-1.6 % In 2015, Verizon expanded into content ownership by acquiring AOL,[12][13] and two years later, it acquired Yahoo! Although Verizon denied that this was the case, the site (described as being a pilot project) was shuttered in December. [159] In early November 2009, AT&T filed a lawsuit in Atlanta federal court, claiming that the coverage maps being used in the ads were misleading. The acquisition included 13 million customers, which allowed Verizon Wireless to surpass AT&T in number of customers and reach new markets in rural areas. endstream endobj 161 0 obj <>>> endobj 162 0 obj <>/Font<>/ProcSet[/PDF/Text/ImageC]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 163 0 obj <>stream [46][47] The company launched Fios TV in September 2005, also in Keller. By STEPHEN HARDY, Lightwave -- New CEO Hans Vestberg has decided to reorganize Verizon (NYSE, Nasdaq: VZ) into three groups: Consumer, Business, and Verizon Media Group/Oath. [142], On May 23, 2017, Verizon CEO Lowell McAdam confirmed the company's plan to launch a streaming TV service. On February 7, 2010, Verizon Wireless confirmed that 4chan.org was "explicitly blocked"[71] after Verizon's security and external experts detected sweep attacks coming from an IP address associated with the 4chan network. [185] The increased capacity would make Verizon the leading solar power producer among U.S. communications companies. [43] In April 2004, the Dow Jones Industrial Average added Verizon Communications to its stock market index. [149], The company offers Internet, traditional landline phone or VoIP, Home Security, Premium Television, Web Hosting and wholesale data in nine states footprint across the eastern United States.[150][151][152]. [91], In December 2012, Verizon officially shut down V Cast and all of its components. They are presenter of the USA Team Handball College Nationals. [28][29], Two months before the FCC gave final approval on the formation of Verizon Communications, Bell Atlantic formed Verizon Wireless in a joint venture with the British telecommunications company Vodafone in April 2000. The changes will take effect January 1, 2019, with the company expecting to financial reporting under the new structure during second-quarter 2019. Bell Atlantic, the surviving entity, changed its name to Verizon, a portmanteau of veritas (Latin for "truth") and horizon.[11]. [144], On June 13, 2017, Verizon completed its acquisition of Yahoo for $4.48 billion. [26] Additionally, Verizon offered internet services and long-distance calling in New York, before expanding long-distance operations to other states. Approves Bell Atlantic-GTE Merger, Creating No.
[14][138][139] Following the completion of the acquisitions, Verizon created a new division called Oath, which includes the AOL and Yahoo brands.
[155] In 2011, Marcarelli parted ways with Verizon, and is now a spokesperson for Sprint. Says Failure of 911 In Storm Was Preventable", "FCC rules Verizon can't charge for Wi-Fi tethering", "FCC approves the sale of cableco spectrum to Verizon", Verizon starts deploying LTE in its AWS spectrum, "Verizon Wireless kills off its Vcast video service", "Verizon's Viewdini lets you watch Netflix, Comcast, & Hulu videos from a single app", "NFL Mobile, Only From Verizon, Keeps Customers On Top Of All The NFL Action During Super Bowl XLVI, Including Live Streaming Of The Game | About Verizon", "The NFL and Verizon's new streaming deal will bring games to all mobile carriers | TechCrunch", "NSA collecting phone records of millions of Verizon customers daily", "NSA collecting phone records for millions of Verizon customers, report says", "T-Mobile, Verizon Wireless Shielded from NSA Sweep", "Verizon, Vodafone agree $130 billion Wireless deal", "Verizon, the FCC and What You Need to Know About Net Neutrality", "Verizon Files Suit Against FCC Net Neutrality Rules", "Court Backs Rules Treating Internet as Utility, Not Luxury", "Verizon Says It Received More Than 1,000 National Security Letters In 2013", "Verizon and Sprint to pay $158 million to settle mobile cramming case", "Verizon has shuttered Sugarstring, its bizarre tech news experiment", "Verizon's 'Hum' Turns Any Clunker Into a Connected Car", "Verizon buys Fleetmatics for $2.4B in cash to step up in telematics", How Verizon Is Moving From Telephone Poles to Light Poles for Smart Devices, "Verizon workers can now be fired if they fix copper phone lines", "Verizon will fix your landline in a monthor give you wireless right now", "Verizon acquires SocialRadar to buff up MapQuest's location data", "Verizon is reportedly in talks to merge with Charter, America's second-biggest cable company", "Big companies were increasingly obsessed with co-working spaces in 2017", "Why Verizon wants to be a landlord for start-ups", "Virtual Reality Startups Get New Place to Connect", "1 million NYC homes can't get Verizon FiOS, so the city just sued Verizon", "Verizon Invests in Self-Driving Car Startup Renovo", "Verizon Holds Its Ground in Wireless Market", "Telecom Giants Fear Missing the Money as Cars Go Online", "Verizon Establishes New Connected Vehicle, Mobile Workforce Division", "Verizon cuts 10,000 jobs and admits its Yahoo/AOL division is a failure", "Verizon Implements Free Spam Protection For All Customers", "Verizon begins rolling out its 5G wireless network for smartphones", "Verizon 5G rollout: Everything you need to know", "There are three types of 5G most of what you'll get is not the super-fast kind", "Millimetre wave frequency band as a candidate spectrum for 5G network architecture: A survey", "Verizon CEO defends mmWave strategy for 5G", "Verizon Media Launches Privacy-Focused Search Engine, OneSearch", "Yahoo parent Verizon promises it won't track you with OneSearch, its new privacy-focused search engine", "Verizon is buying B2B videoconferencing firm BlueJeans", Verizon Said to Approach AOL About Possible Takeover or Venture, "Verizon to buy AOL for $4.4B; AOL shares soar", "Verizon buys Yahoo for $4.8 billion, and it's giving Yahoo's brand another chance", "The stunning collapse of Yahoo's valuation", "After the $4.8 billion Verizon deal, the husk of Yahoo will rename itself 'Altaba', "How Yahoo came up with its new name: Altaba", "Verizon CEO confirms company's plan to launch a streaming TV service", "Verizon CEO: Combined Yahoo-AOL Will Be Platform to Test Over-the-Top Video Service", "End of an era: Yahoo is no longer an independent company", "Yahoo sold again in new bid to revive its fortunes", "Verizon sells media businesses including Yahoo and AOL to Apollo for $5 billion", "Verizon Financial Statements 2005-2020 | VZ", "Need Home Internet Service? All content of the Dow Jones branded indices S&P Dow Jones Indices LLC 2019 and/or its affiliates. All Rights Reserved. Business data for Verizon Communications Inc: This page was last edited on 20 July 2022, at 04:43. Under Ronans leadership, Wireless continued its evolution to provide great customer experiences on the nations largest and most reliable network. [25] The new entity was headed by co-CEOs Charles Lee, former CEO of GTE, and Bell Atlantic CEO Ivan Seidenberg.
[207], Verizon was the former sponsor for a number of sporting and entertainment arenas, including Simmons Bank Arena (formerly Verizon Arena) in North Little Rock, Arkansas,[208] the Mayo Clinic Health System Event Center (formerly Verizon Center) in Mankato, Minnesota,[209] and the SNHU Arena in Manchester, New Hampshire, which was originally known as the Verizon Wireless Arena until September 2016 when Southern New Hampshire University acquired the naming rights for a period of at least 10 years.
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