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When did Bell Atlantic change its name to Verizon Communications?
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When did Bell Atlantic merge with Verizon?
Apr 3, 2000 · NEW YORK and IRVING, TX - Contingent upon FCC approval of their merger, Bell Atlantic and GTE have selected Verizon as the new name of the combined company. Bell Atlantic and GTE said the new name and its associated logo will become the master brand under which the combined company will market its services to residential and business customers.
- Bell Atlantic and GTE Complete Their Merger and ... - Verizon
NEW YORK -- Bell Atlantic Corp. (NYSE:BEL) and GTE Corp....
- Verizon Company History and Timeline About Verizon
Verizon Communications was created on June 30, 2000 by Bell...
- Bell Atlantic and GTE Complete Their Merger and ... - Verizon
Bell Atlantic changed its name to Verizon Communications in June 2000, when the FCC approved the US$64.7 billion merger with telephone company GTE, nearly two years after the deal was proposed in July 1998. The merger was announced on April 4. The name Verizon derives from the combination of the words veritas, Latin for truth, and horizon.
- A History of Bell Atlantic
- Company Perspectives
- Key Dates
- A History of GTE
- The Telecommunications Act of 1996
- Verizon Communications Forms
- The 2005 MCI Deal
- Principal Subsidiaries
- Principal Competitors
- Further Reading
In January 1982, the U.S. Department of Justice ended a 13-year antitrust suit against the world's largest corporation, the American Telephone and Telegraph Company (AT&T). Pursuant to a consent decree, AT&T maintained its manufacturing and research facilities, as well as its long-distance operations. On January 1, 1984, AT&T divested itself of 22 ...
To make strong progress in delivering on our promise to be the nation's best provider of quality local, data and long distance services. Bell Atlantic implemented another reorganization in 1989 by trimming its management staff less 1,700 employees through voluntary retirement and other incentive plans. During this time, Bell Atlantic invested $2.3 ...
2000:
1. Verizon Communications is formed by the merger of Bell Atlantic and GTE. The company purchases OnePoint Communications Corporation, and is renamed Verizon Avenue.
2001:
1. Verizon earns federal approval to offer long distance service in Connecticut and Pennsylvania: Verizon Wireless joins forces with Lucent Technologies. Verizon Avenue offers high-speed Internetaccess service nationwide.
2006:
1. Verizon completes its $8.5 billion purchase of MCI Inc.
In March 1990, the largest merger in the history of the telecommunications industry united two former U.S. competitors, GTE Corporation and Contel Corporation, under the GTE name. With a market value of $28 billion, the merged company became a telecommunications powerhouse. Designed to take advantage of the two companies' complementary businesses, ...
The year 1996 would be as pivotal as 1984 in the telecommunications industry. The Telecommunications Act was designed to meet the needs of communications for the new century. By this time communications had invaded all aspects of life: wireless, television, computer, the Internet, commerce, education, and research. Until then the communications ind...
Verizon, whose name is a combination of the Latin word veritasand the word "horizon," combined consumer and business services into one massive $58 billion deal. The wireless division got underway first; the Verizon moniker and logos appeared soon after. The re-branding and melding of the two companies was a formidable task; when the merger was firs...
Before Verizon made its play for MCI in 2005, the company spent time divesting certain assets in order to trim debt. Under the leadership of CEO Ivan Seidenberg, Verizon sold its stakes in several wireless operators including Cable and Wireless, STET Hellas, Eurotel Praha, Grupo Iusacell, and CTI Holdings. It also jettisoned its interest in Telecom...
Verizon California Inc.; Verizon Delaware Inc.; Verizon Florida Inc.; Verizon Hawaii Inc.; Verizon Maryland Inc.; Verizon New England Inc.; Verizon New Jersey Inc.; Verizon New York Inc.; Verizon North Inc.; Verizon Northwest Inc.; Verizon Pennsylvania Inc.; Verizon South Inc.; GTE Southwest Incorporated; Verizon Virginia Inc.; Verizon Washington, ...
AT&T Inc.; Sprint Nextel Corporation; Qwest Communications International Inc.; BellSouth Corporation.
"Bad Connection?," Business Week, August 28, 2000, p. 56. Barrett, Paul M., "Legal Beat: Justices Question Congress' Ban on Phone Concerns Offering Cable," Wall Street Journal, December 7, 1995, p. B10. Belson, Ken, "Huge Phone Deal Seeks to Thwart Smaller Rivals," New York Times, March 6, 2006. ―――――――, "MCI Shareholders Vote for Sale to Verizon,"...
Bell Atlantic merged with GTE on June 30, 2000, and named the new entity Verizon Communications. The GTE operating companies retained by Verizon are now collectively known as Verizon West division of Verizon (including east coast service territories).
Bell Atlantic, the surviving entity, changed its name to Verizon, a portmanteau of veritas (Latin for "truth") and horizon. [12] In 2015, Verizon expanded into content ownership by acquiring AOL, [13][14] and two years later, it acquired Yahoo! Inc. [15] .
