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Verizon Communications was created on June 30, 2000 by Bell Atlantic Corp. and GTE Corp., in one of the largest mergers in U.S. business history. GTE and Bell Atlantic evolved and grew through decades of mergers, acquisitions and divestitures.
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.
Verizon Communications Inc., based in New York City and incorporated in Delaware, was formed on June 30, 2000, with the merger of Bell Atlantic Corp. and GTE Corp. Verizon began trading on the New York Stock Exchange (NYSE) under the VZ symbol on Monday, July 3, 2000.
May 18, 2018 · From 1927 to 1984, the company today known as Verizon Communications changed its name from the Delaware and Atlantic Telegraph and Telephone company and incorporated as New Jersey Bell Telephone Co. (NJB), a subsidiary of AT&T.
Feb 5, 2020 · It was led by Bell Telephone Company and later by American Telephone and Telegraph Company , which was formed in 1885 and became the parent company of the Bell System in 1899.
Yahoo! Inc. In Yahoo! …2016 it was announced that Verizon Communications would acquire the company’s core assets, notably its Internet operations, for approximately \$4.8 billion.
In 2000, Bell Atlantic acquired GTE, which operated telecommunications companies across most of the rest of the country not already in Bell Atlantic's footprint. Bell Atlantic, the surviving entity, changed its name to Verizon, a portmanteau of veritas (Latin for "truth") and horizon.
