Created out of the merger between the legacy Bell Atlantic and the former GTE, Verizon Communications is the second-largest regional bell operating company (RBOC) with Network serving residential and small business customers evolving to fiber-to-the-premises technology with FiOS high-speed fiber services and more than 140 million customer connections (wireless, wireline, broadband and TV).

(Source: SEC Filing) Verizon Communications Inc. provides communication services. The company operates through two segments, Domestic Wireless and Wireline. The Domestic Wireless segment offers wireless voice and data services; and sells equipment in the United States. The Wireline segment provides voice, Internet access, broadband video and data, Internet protocol network, network access, long distance, and other services in the United States and internationally. The company serves consumer, business, and government customers, as well as carriers. As of December 31, 2010, its network covered a population of approximately 292 million and provided service to a customer base of approximately 94.1 million. The company was formerly known as Bell Atlantic Corporation and changed its name to Verizon Communications Inc. in June 2000. Verizon Communications Inc. was founded in 1983 and is based in New York, New York.

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Latest Headlines

Latest Headlines

Frontier acquires Verizon wireline assets in 3 states for $10.5B

Verizon has made it official today that it is selling off wireline assets in three states to Frontier Communications for $10.5 billion. In a separate deal, Verizon is also selling over 11,300 of its company-owned wireless towers to American Tower Corporation for $5 billion.

Verizon offloads towers to American Tower for $5B

Verizon Wireless agreed to lease the rights to 11,324 of its communications towers and sell 165 additional towers to American Tower for $5.056 billion in cash. The deal comes as no surprise as Verizon has said for months that it would be open to selling its tower assets. The sale of Verizon's towers will help fund the company's recent $10.4 billion purchase of AWS-3 spectrum licenses during the FCC's auction.

Telcos, industry groups sound off on FCC's new net neutrality rules

Companies and associations are reacting to FCC Chairman Tom Wheeler's plan to codify net neutrality rules that would reclassify broadband as a telecommunications service under Title II of the Telecommunications Act.

Verizon enhances public sector reach with new MiCTA agreement

Verizon Enterprise Solutions has expanded its agreement with group-purchasing organization MiCTA, enhancing the reach of its service portfolio to state and local government agencies, K-12 schools, colleges and universities, libraries and nonprofits.

Lowenstein's View: AWS-3 auction results will cause significant strategic shifts

My view is that the AWS-3 auction results will lead to some pretty important changes in the makeup of the wireless industry.

Report: Verizon to sell $10B in wireline assets to Frontier

Verizon is close to reaching a deal to sell off wireline assets that are worth $10 billion to Frontier Communications, reports  Reuters,  citing a person familiar with the talks.

FCC says proposed net neutrality rules will withstand legal challenges from AT&T, Verizon

The FCC says that Chairman Tom Wheeler's draft order to create net neutrality rules that would reclassify broadband Internet access under Title II has the legal footing it needs to withstand any legal challenges that telcos like AT&T and Verizon plan to launch once the rules come out.

FCC's Wheeler aims to update Title II for new net neutrality rules

FCC Chairman Tom Wheeler revealed that his proposed new net neutrality rules will reclassify broadband as a telecommunications service under Title II of the Telecommunications Act.

AT&T to sell some data centers for $2B, report says

AT&T is continuing its wireline asset sale roll with plans to sell some of its data centers in a deal that could fetch $2 billion, reports  Reuters,  citing people close to the talks.

Verizon offers $50K reward to thwart copper theft in Western, Pa.

Verizon has once again found itself fighting copper thieves in Western, Pa., so it is offering a reward for up to $50,000 to apprehend whoever is responsible for stealing cable in Beaver, Fayette, Lawrence and Washington counties.