Verizon Communications Inc. Case Study

Verizon Communications Inc., is incorporated in Delaware and based out of New York City, was established on June 30, 2000, from the merge of Bell Atlantic Corp. and GTE Corp., in which was one of the largest business merge in U.S. history. Prior to the merge, GTE was one of the world’s largest telecommunications companies serving 35 million access lines and the leading wireless operator in the U.S. serving more than 7.1 million wireless customers. Compared to GTE, Bell Atlantic served over 43million access lines and managing one of the world’s largest and most successful wireless companies with 7.7 million U.S. wireless customers and international wireless investments in Latin America, Europe and the Pacific Rim.

The Creation of Verizon Wireless

By April 4th, 2000, GTE wireless became part of Verizon Wireless creating the largest wireless carrier in the nation. With the merge of Bell Atlantic and GTE, three months later, Verizon Communications became majority owner of Verizon Wireless. Bell Atlantic CEO Ivan Seidenberg became the founding President and co-CEO of Verizon, later retiring in 2011, and GTE Chairman and CEO Charles R. Lee became the founding Chairman of the Board and co-CEO of Verizon which retired in 2002. After the retirement of Ivan Seidenberg in 2011, Lowell C. McAdam stepped in and became CEO and Chairman in 2012. In 2004, Verizon Communications was added to the Dow Jones Industrial Average. With continued investments and growth particularly in broadband and wireless, Verizon became the worldwide leading provider of information technology and advanced communications to large business and government customers after merging with MCI in 2006. MCI, formerly known as WorldCom, was a global communications provider that delivered advanced communications to businesses, government, and consumers. Verizon purchased Alltel Corp. in 2009, making the company the largest wireless provider in the United