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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.
The joint venture was being created as Bell Atlantic underwent a merger with GTE Corporation. In April 2000, the companies announced that the Bell Atlantic–GTE merger would take the name Verizon and that the Bell Atlantic–Vodafone wireless unit would be called Verizon Wireless (legally Cellco Partnership d.b.a. Verizon Wireless). [16]
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.
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]
After the merger with Verizon, this product was renamed "Verizon Web Calling". In January 2006, the company was acquired by Verizon Communications and was later integrated into Verizon Business . [ 33 ]
In 2017, the first incarnation Yahoo! Inc. was purchased by Verizon Communications and merged with AOL. In May 2021, Verizon sold a majority stake in the combined company, then called Verizon Media, to Apollo Global Management, who restored the Yahoo! name.
Original Verizon logo introduced at the time of the acquisition. Bell Atlantic merged with GTE on June 30, 2000, and named the new entity Verizon Communications. The GTE operating companies retained by Verizon became collectively known as Verizon West division of Verizon (including east coast service territories). The remaining smaller ...
Former SRA Members included Alltel Wireless in Montana; This portion of the network was obtained by AT&T during the merger of Alltel and Verizon Wireless, Pioneer Cellular in Kansas and Oklahoma; they ended their agreement with Sprint on March 1, 2012, and transitioned to an agreement with Verizon through the LTE in Rural America program ...