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Verizon Communications

Company nameVerizon Communications Inc.
Company typePublic
FoundedOctober 7, 1983
HeadquartersVerizon Building
New York City, New York, United States
Key peopleIvan Seidenberg
Lowell McAdam
(President and CEO)
ServicesFixed-line and mobile telephony, broadband and fixed-line internet services, digital television and network services
Revenue(-) US$ 106.565 billion (2010) 
Operating income(-) US$ 14.645 billion (2010)
Net income(-) US$ 10.217 billion (2010)
Total assets(-) US$ 220.005 billion (2010)
Total equity(+) US$ 86.912 billion (2010)
Employees194,400 (2010)

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Verizon Communications Inc. (Nyse - VZ, NASDAQ - VZ) is a global broadband and telecommunications company and a component of the Dow Jones Industrial Average. It started in 1983 as Bell Atlantic (based in Philadelphia) with a footprint covering New Jersey to Virginia and emerged as part of the 1984 AT&T breakup into seven "Baby Bells." In 1997, Bell Atlantic merged with another Regional Bell Operating Company, NYNEX, based in New York City with a footprint spanning from New York to Maine. The combined company kept the Bell Atlantic name. In 2000, Bell Atlantic acquired former independent phone company GTE, and adopted the name "Verizon", a portmanteau of veritas and horizon, which rhymes with horizon. The company's headquarters are located in the Verizon Building at 140 West Street in Lower Manhattan, New York City.

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