Verizon facts for kids
|Cross-listed Public company|
|Traded as||NYSE: VZ
Dow Jones Industrial Average Component
S&P 500 Component
|Predecessor||American Telephone and Telegraph Company|
|Founded||October 7, 1983 (as Bell Atlantic)|
New York City, United States
(Chairman, President and CEO)
|Services||Fixed-line and mobile telephony, broadband and fixed-line internet services, digital television and network services|
|Revenue||US$ 110.8 billion (2011)|
|US$ 18.8 billion (2011)|
|US$ 2.4 billion (2011)|
|Total assets||US$ 230.4 billion (2011)|
|Total equity||US$ 85.9 billion (2011)|
Number of employees
|Divisions||Verizon New England
Verizon New York
Verizon New Jersey
Verizon Washington, D.C.
|Subsidiaries||Cellco Partnership (Verizon Wireless) (55%)
Diamond State Telephone
New Jersey Bell
Bell of Pennsylvania
The Chesapeake and Potomac Telephone Company
Vodafone Italy (23.14%)
Verizon Communications Inc. (NYSE: VZ), is a telephone, internet service provider, and television company in the United States. It also owns a mobile phone company, Verizon Wireless. Verizon was created in 2000 by merging GTE and Bell Atlantic. These companies had already absorbed other companies, some of them more than a hundred years old. The biggest ones were formerly owned by AT&T.
In 2015, Verizon bought the Internet company AOL, and the next year it bought Yahoo!. Both of these purchases were for about US$4.4 billion. Today, both AOL and Yahoo! are part of a subsidiary created by Verizon called Oath Inc.
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Verizon Facts for Kids. Kiddle Encyclopedia.