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Charles Lee of GTE assumed the Chairmanship while Ivan Seidenberg was named President. The two shared the position and responsibilities of Chief Executive Officer of the newly formed Verizon.<ref>[http://washingtontechnology.com/articles/2000/06/30/its-official-bell-atlantic-gte-merge.aspx Verizon.com]</ref>
Charles Lee of GTE assumed the Chairmanship while Ivan Seidenberg was named President. The two shared the position and responsibilities of Chief Executive Officer of the newly formed Verizon.<ref>[http://washingtontechnology.com/articles/2000/06/30/its-official-bell-atlantic-gte-merge.aspx Verizon.com]</ref>
==DJIA Inclusion==
On April 8, 2004, Verizon was included to the Dow Jones Industrial Average.The company's revenue in 2003 was $67.8 billion nearly doubling AT&T total revenue.<ref>[http://money.cnn.com/2004/04/01/markets/dow/index.htm CNN Money]</ref>
On April 8, 2004, Verizon was included to the Dow Jones Industrial Average.The company's revenue in 2003 was $67.8 billion nearly doubling AT&T total revenue.<ref>[http://money.cnn.com/2004/04/01/markets/dow/index.htm CNN Money]</ref>
==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 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.
==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>
==Verizon Wireless 4G LTE==
==Verizon Current Statistics and Expansion==
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 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 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 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 Domain Name Disputes==
==Verizon Domain Name Disputes==
Over the years, Verizon has been fighting for the protection of its trademark and domain name. The company filed several lawsuits against companies that registered a Verizon domain name in bad faith. One of the legal battles involving Verizon regarding its domain name was against domain portfolio owner [[IREIT]]. In 2007, Verizon and IREIT entered a settlement agreement.The settlement between the companies include a monetary payment to Verizon and a permanent injunction will be issued to IREIT prohibiting the company from registering, trafficking in, or using, as a registrant, any domain name that is identical or confusingly similar to the Verizon trademarks.<ref>[http://www.domainnamenews.com/legal-issues/ireit-and-verizon-settle-legal-dispute/1350 Domain Name News]</ref>
Over the years, Verizon has been fighting for the protection of its trademark and domain name. The company filed several lawsuits against companies that registered a Verizon domain name in bad faith. One of the legal battles involving Verizon regarding its domain name was against domain portfolio owner [[IREIT]]. In 2007, Verizon and IREIT entered a settlement agreement.The settlement between the companies include a monetary payment to Verizon and a permanent injunction will be issued to IREIT prohibiting the company from registering, trafficking in, or using, as a registrant, any domain name that is identical or confusingly similar to the Verizon trademarks.<ref>[http://www.domainnamenews.com/legal-issues/ireit-and-verizon-settle-legal-dispute/1350 Domain Name News]</ref>