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Also in 2008, Verizon struck a deal to buy Alltel for $5.9 billion in equity while assuming $22.2 billion worth of debt. [ 24 ] [ 25 ] The deal was finalized on January 9, 2009, again making Verizon Wireless the country's largest cellphone network. [ 24 ]
Verizon Communications Inc. (/ v ə ˈ r aɪ z ən / ⓘ və-RY-zən), is an American telecommunications company headquartered in New York City. [3] It is the world's second-largest telecommunications company by revenue and its mobile network is the largest wireless carrier in the United States, with 146 million subscribers as of December 31, 2024.
Verizon Communications acquired AOL in 2015, and operated it as a separate subsidiary. In 2017, Verizon bought the first Yahoo! Inc. and merged it with AOL, creating the second Yahoo! Inc. The company sold a 90% stake in Yahoo! to Apollo Global Management in 2021, and AOL was placed under Yahoo!’s umbrella.
MCI, Inc. (formerly WorldCom and MCI WorldCom) was a telecommunications company. For a time, it was the second-largest long-distance telephone company in the United States, after AT&T.
The company is headquartered in Manhattan, New York. [15] As of December 2019, the company employed about 10,350 people. [2] [16]A year after the completion of the AOL acquisition, Verizon announced a $4.8 billion deal for Yahoo!'s core Internet business, to invest in the Internet company's search, news, finance, sports, video, emails and Tumblr products. [17]
AOL and Yahoo are being sold again, this time to a private equity firm. Verizon will sell Verizon Media, which consists of the pioneering tech platforms, to Apollo Global Management in a $5 ...
2015: Verizon acquires AOL and its full set of brands, the first notable media acquisition that lays the groundwork for what would become known as the Verizon Media Group.
Alltel was a landline, wireless and general telecommunications services provider, primarily based in the United States.Before its wireless division was acquired by Verizon Wireless and AT&T, Alltel provided cellular service to 34 states and had approximately 13 million subscribers.