Verizon History

Chapter III History of Verizon Verizon Communications was formed by the $65 billion merger of price Atlantic and General pass water and Electronics (GTE) in June of 2000 and is now one of the worlds leading providers of high-growth communications services. We comply to for be a world-class competitor able to stay under ones skin innovative telecommunications services to customers across the country,1 says Charles R. Lee, at the judgment of conviction GTE chairman and headman administrator officeholder of GTE. Lee was similarly designated chairman and co-chief executive officer of the merged company. This is the goal of the new formed company, to compete by bringing new ideas into the market, for the customers. Ivan Seidenberg, Bell Atlantic chairman and chief executive officer as well as was designated prexy and co-chief executive officer of Verizon. He says, We look frontwards to creating the succeeding(prenominal) commodious brand in communications, one that all ow fixed the standard for global communications companies,1 that is a ft that a company can begin to ground its future on.         The merger was as Lee says, a great day for Bell Atlantic and GTE1; as but something great never comes without a price. Verizon had to act in consent with 25 regulatory conditions for the deal, which the Federal Communications Commission (FCC) well-read to improve local phone competition in the companies unite services areas. One of which said that they could not provide keen-sighted distance service for the first five years then forcing them to begin local competition with other challengers for market share. The destruction result should produce much competition not less,2 says FCC chairman, William Kennard.         Verizon is the largest providers of wireline and piano tuner communications in the United States, with more than 132 jillion access line equivalents and over 29 million radio set customers.3 V erizon, also the worlds largest provider of ! print and online directory information is a Fortune... If you want to get a full essay, order it on our website: OrderCustomPaper.com

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