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COMPANY OVERVIEW
Verizon Communications Inc. ... Verizon has two CEOs, due to the merger, Charles Lee and Ivan Seidenberg. ...
Verizon’s industry-leading 63 million local phone lines are clustered in 67 of the biggest 100 cities of the US. ... A Fortune 10 company with more than $60 billion in 1999 revenues and more than 260,000 employees, Verizon has a global presence in 40 nations in the Americas, Europe, Asia and the Pacific. In the US, Verizon has a wireline presence in 31 states, plus the District of Columbia ad Puerto Rico, and wireless presence in 50 states, plus the D. ...
Verizon’s operating revenues rose 12% to 16. ...
The name “Verizon” comes from the Latin term “veritas”, which means truth and connotes certainty and reliability, “horizon”, which signifies forward thinking and limitless possibilities. ...
The industry’s 4 largest firms, AT&T, Verizon, SBC and MCI enjoy the 80% of long distance market, leaving the remaining part to more than 700 long distance carriers. ... Although the existence of hundreds of firms in the long-distance market, with the appearance of pure competition, it is obvious that Ma Bell AT&T, Sprint, MCI, and Verizon, as giants of the sector, have great operating advantages over the others. The companies once known Baby Bells, that is, BellSouth, Qwest, SBC and Verizon, still dominate local telephone business, operating as impregnable monopolies, despite of The Telecommunications Act of 1996, which required Bells to unbundle their networks and sell components to competitors at discounted rates in order to open up the local phone loop.
Approximate Word count = 1252
Approximate Pages = 5
(250 words per page double spaced)
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