Verizon Communications is a major telecom based company located in New York City. Verizon was formed in the year 2000 and it is also called as Bell Atlantic. one of the Regional Bell Operating Companies, bought GTE, The largest independent local-exchange telephone company in the United States prior to its transformation.
Verizon had merged with another Regional
Bell Operating Company, The name protmanteau of veritas, the latin word reliability and horizon, signifying forward-looking vision. The original of this company began as BellAtlantic. It was created as one of the original Regional Bell Operating Companies in the year 1984, when AT&T was broken up.
Bell Atlantic was operated in the U.S States of NewJersey, Dalaware, Maryland, West Viriginia, and Viriginia as well as Washington, DC. Verizon originally names of its original operating companies in 1994 and added dba names to its operating companies
Bell Atlantic-Delaware,Inc
Bell Atlantic- Maryland,Inc
Bell Atlantic -New Jersy, Inc
Bell Atlantic -Pennsylvania,inc
Bell Atlantic -Virginia,Inc.
Bell Atlantic -Washington, D.C.,Inc.
Bell Atlantic -West Virginia,Inc
The mergers BellAtlantic and GTE that formed Verizon were among the largest mergers in United States in the business histroy. In july 27,1998 culminating in adefinitive merger agreement. The Bell Atlantic-GTE merger, price at more than $52 billion at the
anouncement, nearly two years later the following analyis and approvals by BellAtlantic.
In june 30 merger of BellAtlantic and GTE, to form Verizon Communications became effective.1.22 shares of verizon Communication Common Stock for each share of GTE
comman stock for each share of GTE Common Stock owned.
