Verizon facts for kids
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| Cross-listed Public company | |
| Traded as | NYSE: VZ NASDAQ: VZ Dow Jones Industrial Average Component S&P 500 Component |
| Industry | Telecommunications |
| Predecessor | American Telephone and Telegraph Company |
| Founded | October 7, 1983 (as Bell Atlantic) |
| Headquarters | Verizon Building New York City, United States |
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Key people
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Lowell McAdam (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) |
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Operating income
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 US$ 18.8 billion (2011) |
| US$ 2.4 billion (2011) |
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| Total assets | US$ 230.4 billion (2011) |
| Total equity | US$ 85.9 billion (2011) |
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Number of employees
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162,000 (2016) |
| Divisions | Verizon New England Verizon New York Verizon Delaware Verizon New Jersey Verizon Pennsylvania Verizon North Verizon Maryland Verizon Washington, D.C. Verizon Virginia Verizon California |
| Subsidiaries | Cellco Partnership (Verizon Wireless) (55%) GTE MCI Inc. NYNEX Diamond State Telephone New Jersey Bell Bell of Pennsylvania Verizon North The Chesapeake and Potomac Telephone Company Verizon California Terremark 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.
Verizon is one of the few publicly-traded companies to have a stock on both the NYSE and the NASDAQ. Its NYSE listing has been one of the 30 companies in the Dow Jones Industrial Average since 2004.
Images for kids
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Service van with Verizon's former logo and livery
See also
In Spanish: Verizon Communications para niños
