Verizon facts for kids
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 |
Key people
|
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) |
Operating income
|
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
|
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
See also
In Spanish: Verizon Communications para niños