27,652
edits
Changes
→Growth and Expansion
===Verizon and MCI Merger===
===Verizon and MCI Merger===
On January 6, 2006, Verizon acquired MCI under an $ 8.5 billion transaction to enhance the company's capability to deliver the benefits of converged communications, information and entertainment across the country and around the world.<ref>[http://www.tmcnet.com/news/2006/jan/1266771.htm Verizon-MCI Merger]</ref> The company became a global provider of advance telecommunications and information technology solutions to large businesses as well as government entities. Verizon has more than 100 million customers in the US with a nationwide presence in wireline and wireless market.
On January 6, 2006, Verizon acquired MCI, through a $ 8.5 billion transaction, to enhance the company's capability to deliver the benefits of converged communications, information and entertainment across the country and around the world.<ref>[http://www.tmcnet.com/news/2006/jan/1266771.htm Verizon-MCI Merger]</ref> The company became a global provider of advance telecommunications and information technology solutions to large businesses as well as government entities. Verizon has more than 100 million customers in the US with a nationwide presence in wireline and wireless market.
===Alltel Corp. Acquisition===
===Alltel Corp. Acquisition===
In 2009, the company acquired Alltel Corp. Verizon Wireless became the largest wireless service provider in the U.S. based on total number of customers.<ref>[http://www22.verizon.com/investor/investor.portal?_nfpb=true&_pageLabel=companyinfo_corporatehistory Verizon Recent History]</ref>
In 2009, the company acquired Alltel Corp. Verizon Wireless became the largest wireless service provider in the U.S. based on total number of customers.<ref>[http://www22.verizon.com/investor/investor.portal?_nfpb=true&_pageLabel=companyinfo_corporatehistory Verizon Recent History]</ref>
===Latest Statistics===
===Latest Statistics===
The company's reported total revenue for the year 2010 was $106.6 billion and it employs more than 194 thousand employees serving customers within 140 countries. The Verizon Center, located in Basking Ridge, New Jersey, is the company's operations hub.<ref>[http://www22.verizon.com/investor/investor.portal?_nfpb=true&_pageLabel=companyinfo_corporatehistory Current Statistics]</ref>
Verizon Wireless launched its 4G LTE (fourth-generation Long Term Evolution) Mobile Broadband network in December, 2010, within 38 markets covering 110 million customers.<ref>[http://news.cnet.com/8301-30686_3-20018768-266.html CSNET.com]</ref>
Verizon Wireless launched its 4G LTE (fourth-generation Long Term Evolution) Mobile Broadband network December 2010 within 38 markets covering 110 million customers.<ref>[http://news.cnet.com/8301-30686_3-20018768-266.html CSNET.com]</ref>
Verizon's latest acquisition was the Terremark Worldwide Inc. under a cash-for-stock agreement valued at US $1.4 billion in 2011. The company's move was prompted by the latest trend, a more wireless operator involvement and ownership of enterprise services delivered in the cloud.<ref>[http://www.wirelessindustrynews.org/news-jan-2011/2363-012811-win-news.html wirelessindustrynews.org]</ref>
Verizon's latest acquisition was Terremark Worldwide Inc., under a cash-for-stock agreement valued at US $1.4 billion, in 2011. The company's move was prompted by the latest trend of wireless operator involvement and ownership of enterprise services delivered in the cloud.<ref>[http://www.wirelessindustrynews.org/news-jan-2011/2363-012811-win-news.html wirelessindustrynews.org]</ref>
==Verizon Domain Name Disputes==
==Verizon Domain Name Disputes==