• Verizon is an American telecommunications company. They provide wireless telephone services and broadband Internet across the United States.

  First quarter 2009 net profits for Verizon posted higher than expected, because of strength in wireless. However, landlines continue to experience revenue declines from business and consumer users.Wall Street Journal: UPDATE: Verizon 1Q Net Up On Higher Rev, Alltel Subscribers (April 27, 2009)

• Fast Facts

  1. Stock symbol: VZ (NYSE)
  2. Annual revenue (2007): $93.47 billion
  3. Year established: 1983
  4. Industry: Communications
  5. Phone: (212) 395-1000
  6. Fax: (212) 571-1897
  7. HQ: New York, NY
  8. President: Dennis Strigl
  9. Chairman/CEO: Ivan Seidenberg
  10. CFO: Doreen Toben
  11. Staff: 235,000 (2007)

• Key Dates

  1. 1983: Founded as Bell Atlantic Corporation
  2. April 4, 2000: Verizon Wireless launches
  3. June 30, 2000: Acquires GTE and is renamed Verizon Communications, Inc.
  4. 2005: Acquires MCI
  5. 2008: Acquires Alltel Corp.

• Verizon Coverage

  Verizon has committed to install LTE (Long Term Evolution) data networks in two U.S. cities by the end of 2009. This will enable mobile phone to cope with the future evolution of technology.arstechnica: Verizon pledges two cities with LTE in 2009(February 18, 2009)

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