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Verizon Communications Inc.
Cross-listed Public company
Traded asNYSEVZ
Dow Jones Industrial Average Component
S&P 500 Component
PredecessorAmerican Telephone and Telegraph Company
FoundedOctober 7, 1983 (as Bell Atlantic)[2]
HeadquartersVerizon Building
New York City, United States
Key people
Lowell McAdam
(Chairman, President and CEO)
ServicesFixed-line and mobile telephony, broadband and fixed-line internet services, digital television and network services
RevenueIncrease US$ 110.8 billion (2011)[3]
Decrease US$ 18.8 billion (2011)[3]
Decrease US$ 2.4 billion (2011)[3]
Total assetsIncrease US$ 230.4 billion (2011)[3]
Total equityDecrease US$ 85.9 billion (2011)[3]
Number of employees
162,000 (2016)[3]
DivisionsVerizon New England
Verizon New York
Verizon Delaware
Verizon New Jersey
Verizon Pennsylvania
Verizon North
Verizon Maryland
Verizon Washington, D.C.
Verizon Virginia
Verizon California
SubsidiariesCellco Partnership (Verizon Wireless) (55%)
MCI Inc.
Diamond State Telephone
New Jersey Bell
Bell of Pennsylvania
Verizon North
The Chesapeake and Potomac Telephone Company
Verizon California
Vodafone Italy (23.14%)

Verizon Communications Inc. (NYSEVZ),[1] 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.[4] Today, both AOL and Yahoo! are part of a subsidiary created by Verizon called Oath Inc.[5]

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.[6]