Verizon: Difference between revisions

Verizon Communications Inc.
	Current logo since September 1, 2015
	Headquarters in New York City
Formerly	Bell Atlantic Corporation (1983–2000)
Company type	Public
Traded as	NYSE: VZ; DJIA component; S&P 100 component; S&P 500 component;
ISIN	US92343V1044
Industry	Telecommunications; Mass media;
Predecessors	NYNEX; GTE;
Founded	October 7, 1983; 40 years ago
Headquarters	1095 Avenue of the Americas, New York City, New York, U.S.
Area served	Worldwide, mainly serving United States
Key people	Hans Vestberg (chairman & CEO); Tony Skiadas (EVP & CFO)
Products	Cable television; Landline; Mobile phone; Broadband; Digital television; IPTV; Digital Media; Internet; Telematics;
Revenue	US$133.97 billion (2023)
Operating income	US$22.877 billion (2023)
Net income	US$12.095 billion (2023)
Total assets	US$380.26 billion (2023)
Total equity	US$93.799 billion (2023)
Number of employees	105,400 (2023)
Divisions	Verizon Consumer; Verizon Business;
Subsidiaries	Yahoo (10%)
Website	verizon.com
	Footnotes / references;

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Verizon Communications Inc., commonly known as Verizon (/vəˈraɪzən/ və-RYE-zən), is an American multinational telecommunications conglomerate. The company is incorporated in Delaware, and headquartered at 1095 Avenue of the Americas in Midtown Manhattan, New York City.^[3] Verizon's capital stock is a component of the Dow Jones Industrial Average.^[10] It is the world's second-largest telecommunications company by revenue.

The company was formed in 1984 as Bell Atlantic as a result of the breakup of the Bell System into seven companies, each a Regional Bell Operating Company (RBOC), commonly referred to as "Baby Bells."^[11] The company was originally headquartered in Philadelphia and operated in the states of Pennsylvania, New Jersey, Delaware, Maryland, Virginia, and West Virginia.

In 1997, Bell Atlantic expanded into New York and the New England states by merging with fellow Baby Bell NYNEX. While Bell Atlantic was the surviving company, the merged company moved its headquarters from Philadelphia to NYNEX's old headquarters in New York City. In 2000, Bell Atlantic acquired GTE, which operated telecommunications companies across most of the rest of the country not already in Bell Atlantic's footprint. Bell Atlantic, the surviving entity, changed its name to Verizon, a portmanteau of veritas (Latin for "truth") and horizon.^[12]

In 2015, Verizon expanded into content ownership by acquiring AOL,^[13]^[14] and two years later, it acquired Yahoo! Inc.^[15] AOL and Yahoo were amalgamated into a new division named Oath Inc.,^[16] which was rebranded as Verizon Media in January 2019, and was spun off and rebranded to Yahoo after its sale to Apollo Global Management.

As of 2016^[update], Verizon is one of three remaining companies with roots in the former Baby Bells. The other two, like Verizon, exist as a result of mergers among fellow former Baby Bell members. SBC Communications bought the Bells' former parent AT&T Corporation and took on the AT&T name, and CenturyLink acquired Qwest (formerly US West) in 2011 and later became Lumen Technologies in 2020.

Verizon's mobile network is the second-largest wireless carrier in the United States, with 144.8 million subscribers as of December 31, 2023.^[17] It also sells accessories and gear for mobiles and PCs.

MACAW MILL RUNNER TIRES!!!

Finances

For the fiscal year 2022, Verizon reported earnings of US$21.75 billion, with an annual revenue of US$136.835 billion, an increase of 2.4% over the previous fiscal cycle. Verizon's shares traded at over $45 per share, and its market capitalization was valued at over US$229.1 billion in October 2018.^[18] Verizon is currently ranked #26 in the Fortune 500 for 2023 and #64 in the Fortune Global 500. In 2022, the company was ranked #23 in the Fortune 500 and #54 in the Fortune Global 500.

Year	Revenue in mil. US$	Net income in mil. US$	Total Assets in mil. US$	Price per Share in US$	Employees
2005	69,518	7,397	168,130	33.85
2006	88,182	6,197	188,804	34.05
2007	93,469	5,521	186,959	41.22
2008	97,354	−2,193	202,352	34.90
2009	107,808	4,894	226,907	30.46
2010	106,565	2,549	220,005	30.41
2011	110,875	2,404	230,461	36.64
2012	115,846	875	225,222	42.00
2013	120,550	11,497	274,098	48.66	176,800
2014	127,079	9,625	232,616	48.61	177,300
2015	131,620	17,879	244,175	47.17	177,700
2016	125,980	13,127	244,180	51.40	160,900
2017	126,034	30,101	257,143	48.24	155,400
2018	130,863	15,528	264,829	52.08	144,500
2019	131,868	19,265	291,727	58.06	135,000
2020	128,292	18,348	316,481	58.75	132,200
2021	133,613	22,618	366,596	52.25	118,400
2022	136,835	21,748	379,680	39.40	117,100
2023	133,974	12,095	380,255		105,400

States

The company offers Internet, traditional landline phone or VoIP, Home Security, Premium Television, Web Hosting and wholesale data in nine states' footprint across the eastern United States.^[19]^[20]^[21]

Key markets include

Delaware
Maryland
- Baltimore, MD
- Salisbury, MD
Massachusetts (Eastern)
- Boston, MA
New Jersey
New York
- Albany, NY
- Auburn, NY
- Binghamton, NY
- Buffalo, NY
- Glens Falls, NY
- Saratoga Springs, NY
- Long Island, NY
- New York City
- Plattsburgh, NY
- Staten Island, NY
- Syracuse, NY
Pennsylvania
- Harrisburg, PA
- Philadelphia, PA
- Pittsburgh, PA
Rhode Island
- Providence, RI
Virginia
- Norfolk, VA
- Richmond, VA
Washington, DC

Marketing campaigns

Since its inception, Verizon Communications has run several marketing campaigns, including:

Can you hear me now?

The "Can you hear me now?" campaign, which was created for the newly formed Verizon Wireless, started running in 2001, and featured actor Paul Marcarelli in the role of "Test Man", a character based on a Verizon network tester, who travels the country asking "Can you hear me now?".^[22]^[23]^[24] The campaign, originally conceived by New York agency Bozell, ran from early 2001 to September 2010.^[25]^[26] Data from the technology tracking firm The Yankee Group showed that, in the early years of the campaign, net customers grew 10% to 32.5 million in 2002 and 15% more to 37.5 million in 2003. In addition, customer turnover dropped to 1.8% in 2001, down from 2.5% in 2000.^[24] In 2011, Marcarelli parted ways with Verizon, and became a spokesperson for Sprint.^[27]

There's a map for that

The "There's a map for that" campaign was launched in late 2009, designed as a parody of AT&T's "There's an app for that" campaign. The ads depicted a side-by-side comparison of Verizon and AT&T network coverage maps.^[28] In early November 2009, AT&T filed a lawsuit in Atlanta federal court, claiming that the coverage maps being used in the ads were misleading.^[29] The suit was dropped later that month in conjunction with Verizon dropping a similar suit against AT&T.^[28]

That's not cool

In 2009, Verizon joined with the Ad Council, in partnership with the Family Violence Prevention Fund and the Office on Violence Against Women, to create the "That's not cool" public service advertising campaign. Designed to help teens recognize and prevent digital dating abuse, the ads were run on its Wireless' Mobile Web service, Verizon FiOS internet and TV.^[30]^[31]

Powerful Answers

In January 2013, Verizon launched the "Powerful Answers" campaign, designed by agency McGarryBowen.^[32] The campaign centered around a contest in which $10 million in prizes was offered to individuals for finding solutions to "the world's biggest challenges" by making use of Verizon's cloud, broadband and wireless networks.^[33]^[34] Winners of the inaugural competition were announced at the 2014 Consumer Electronics Show.^[33] Israel-based TinyTap won the education category; Smart Vision Labs of Newport, Rhode Island, won in the healthcare category; and Mosaic Inc. of Oakland, California, won in the sustainability category.^[33]

Inspire Her Mind

In June 2014, Verizon launched the "Inspire Her Mind" campaign, created by agency AKQA. It was designed to encourage girls' interest in science, technology, engineering and math,^[35] and aimed to address findings from the National Science Foundation, whose research showed that 66 percent of fourth-grade girls said they were interested science and math, yet only 18 percent of college students in engineering and math are women.^[36]^[37]

Flipside Stories (#NeverSettle)

In February 2015, Verizon launched its Flipside Stories ad campaign, featuring the #NeverSettle hashtag. The ads showed dramatized "testimonials" of people with and without Verizon Wireless or Verizon Fios services.^[38]^[39]^[40]

Better Matters

In 2016, Verizon started using the slogan "Better Matters" in reference to its networks.^[41]

Humanability campaign

Verizon launched its Humanability campaign in 2017.^[42]^[43] The company aimed for the ads to showcase to consumers and investors its diversification of revenue sources and technology beyond smartphones. These include online advertising, data collection, Internet of Things, smart cities, telematics, and media.^[42]^[43]

Corporate governance

Executives

As of 2024^[update]:^[44]

Hans Vestberg, chairman and CEO
Sowmyanarayan Sampath, head of Verizon Consumer
Kyle Malady, head of Verizon Business

Corporate responsibility

Verizon grants money to organizations through its philanthropic arm, The Verizon Foundation.^[45] The company ran HopeLine, which had provided mobile phones to victims of domestic violence.^[46]^[47] Verizon's educational initiatives include the Verizon Innovative Learning Schools program that provides children access to STEM education programs.^[48]

Between 2019 and 2023, Verizon issued five green bonds for a total of $5 billion. Proceeds from its 2023 issue were earmarked to transition to more environmentally friendly electrical grids.^[49]^[50]

In 2020, Verizon launched its "Citizen Verizon" plan with an outline of social and environmental goals.^[51]^[48] Among this plan is a pledge to be completely carbon neutral by 2035. The plan also includes digital-skills training for young people.^[51]

Criticism

Security concerns

According to Google Project Zero researcher Tavis Ormandy, Verizon applies a simplistic certification methodology to give its "Excellence in Information Security Testing" award, e.g. to Comodo Group. It focuses on GUI functions instead of testing security relevant features. Not detected were Chromodo browser disabling of the same-origin policy, a VNC-delivered with a default of weak authentication, not enabling address space layout randomization (ASLR) when scanning, and using access control lists (ACLs) throughout its product.^[52]

Net neutrality

Verizon and Comcast have been actively lobbying for current changes in the FCC's regulations that require internet service providers to offer all content at one internet speed regardless of the type of content since the early 2000s. In 2014, Verizon unsuccessfully sued the FCC for these powers.^[53]

In July 2017, it was reported that Verizon's mobile network had been limiting streaming services such as Netflix and YouTube to a speed of 10 Mbit/s; Verizon stated to Ars Technica that it had been testing a system to "optimize the performance of video applications on our network", and that it would not affect video quality.^[54]^[55]

Deceptive advertising of 5G

In May 2020, the Better Business Bureau criticized Verizon for claiming it was "building the most powerful 5G experience for America" and recommended that the company make clear and conspicuous disclosures to consumers about the limited actual availability of its 5G network.^[56] Verizon had been cited by the Better Business Bureau in March 2019 for ads that "convey the message that Verizon has achieved the important milestone of deploying the first mobile wireless 5G network" prior to 5G availability, falsely conveying that the technology was currently available.^[57]

Privacy

Verizon has a one-star privacy rating from the Electronic Frontier Foundation.^[58]

In April 2024, Verizon was fined nearly $47 million by the FCC for illegally sharing access to customers' real-time location data.^[59]

Sponsorships and venues

Verizon is the title sponsor of several large performance and sports venues as well as a sponsor of many major sporting organizations.

National Hockey League

In January 2007, Verizon secured exclusive marketing and promotional rights with the National Hockey League.^[60] The deal was extended for another three years in 2012 and included new provisions for the league to provide exclusive content through Verizon's GameCenter app.^[61]

Motorsports

In 2009 and 2010 Verizon sponsored Justin Allgaier in the NASCAR Nationwide Series, before they chose to opt out of a two-year-old NASCAR team sponsorship with Penske Racing in order to pursue an expanded presence with the IndyCar Series.^[62] In March 2014 Verizon became title sponsor of the series through 2018.^[63]

Verizon also sponsored a race in the 2021 NASCAR Cup Series season, the Verizon 200 at the Brickyard at Indianapolis Motor Speedway.^[64]

National Football League

In late 2010, Verizon Communications joined with Vodafone Group in a joint partnership to replace Sprint as the official wireless telecommunications partner of the National Football League.^[65] The four-year deal was estimated at $720 million. In June 2013, Verizon announced a four-year extension with the NFL in a deal reportedly valued at $1 billion. The new agreement gave Verizon the right to stream every NFL regular-season and playoff game.^[66]

USA Team Handball

In January 2020, Verizon became a founding partner of USA Team Handball through the year 2020, with an option to extend the deal until 2024. They are the jersey sponsor for the men's and women's national handball team and the men's and women's national beach handball teams. They are presenter of the USA Team Handball College Nationals.^[67]

In 2020 USA Team Handball CEO Barry Siff that they are planning to create an American professional team handball league sponsored by Verizon.^[68] They are planning to have the owners until the end of 2020. They are planning to launch the league in 2023 with 10 teams with each team initially worth $3 million to $5 million and want to cooperate with NBA or NHL owners in one-tenant arena situations.^[69] To create multisports clubs like FC Barcelona or Paris Saint-Germain.^[70]

Venues

The main home concert hall of the Philadelphia Orchestra at the Kimmel Center for the Performing Arts is named Verizon Hall.^[71]

Verizon was the former sponsor for a number of sporting and entertainment arenas, including Simmons Bank Arena (formerly Verizon Arena) in North Little Rock, Arkansas,^[72] the Mayo Clinic Health System Event Center (formerly Verizon Center) in Mankato, Minnesota,^[73] and the SNHU Arena in Manchester, New Hampshire, which was originally known as the Verizon Wireless Arena until September 2016 when Southern New Hampshire University acquired the naming rights for a period of at least 10 years.^[74] Verizon was also the title sponsor of entertainment amphitheaters in locations throughout the United States, including four individually referred to as the "Verizon Wireless Amphitheatre" in Irvine, California,^[75] Maryland Heights, Missouri,^[76] Selma, Texas,^[77] and Alpharetta, Georgia.^[78]

Verizon is a former sponsor of the Capital One Arena in Washington, DC.^[79]

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External links

Official website
Bell Operating Companies (from Bell System Memorial)
Business data for Verizon Communications Inc:

[1] "Verizon Fact Sheet" (PDF). Retrieved July 26, 2020.

[2] "CBS MarketWatch profile, Verizon Communications, Inc". Marketwatch.com. Archived from the original on October 31, 2011. Retrieved June 13, 2013.

[VerizonHQ-3] McGeehan, Patrick (June 29, 2014). "Verizon to Return to Its Former Midtown Tower, but on a Smaller Scale". The New York Times. ISSN 0362-4331. Archived from the original on May 2, 2019. Retrieved February 27, 2019.

[VZ_incomestatement-4] "Verizon Communications Inc. (VZ) Income Statement". NASDAQ.com. Archived from the original on March 11, 2018. Retrieved March 10, 2018.

[VZ_balancesheet-5] "Verizon Communications Inc. (VZ) Balance Sheet". NASDAQ.com. Archived from the original on March 11, 2018. Retrieved March 10, 2018.

[company_facts-6] "Who We Are". www.verizon.com. Verizon. August 16, 2016. Archived from the original on March 11, 2018. Retrieved March 10, 2018.

[7] "Verizon realigns organization structure to optimize growth opportunities in 5G era". Archived from the original on January 14, 2021. Retrieved March 2, 2022.

[8] "Oath is now Verizon Media". January 7, 2019. Archived from the original on January 10, 2019. Retrieved January 27, 2019.

[9] "Verizon Communications Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 9, 2024.

[10] "Companies in the Dow Jones Industrial Average". CNNMoney. Archived from the original on April 24, 2013. Retrieved April 24, 2013.

[11] "Verizon | Company History". August 18, 2016. Archived from the original on November 24, 2011. Retrieved September 15, 2011.

[12] "Verizon p;— Investor Relations — Company Profile — Corporate History". Archived from the original on November 24, 2011. Retrieved September 14, 2011.

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@@ Line 71: / Line 71: @@
 [[Verizon (mobile network)|Verizon's mobile network]] is the [[List of United States wireless communications service providers|second-largest wireless carrier in the United States]], with 144.8 million subscribers as of December 31, 2023.<ref>{{cite web |title=Financial and Operating Information |url=https://www.verizon.com/about/sites/default/files/4Q23-Earnings-Release-Final.pdf |date=January 23, 2024| access-date=March 9, 2024|website=Verizon}}</ref> It also sells accessories and gear for [[Mobile phone|mobiles]] and [[Personal computer|PCs]].
+MACAW MILL RUNNER TIRES!!!
-==History==
-===Bell Atlantic and mergers with NYNEX, GTE and Vodafone (1984–2002)===
-In 1983, the US Department of Justice came to a settlement with [[AT&T Corporation]] to breakup the Bell System. Bell Atlantic Corporation was created as one of the original "[[Baby Bell]]" Regional Bell Operating Companies (RBOCs) in 1984.<ref name="Schofield05">{{cite news |title=From 'Baby Bells' to the big cheese |last1=Schofield |first1=Jack |url=https://www.theguardian.com/technology/2005/mar/03/onlinesupplement.columnists |work=The Guardian |date=2 March 2005 |access-date=23 August 2018 |archive-url=https://web.archive.org/web/20180830142316/https://www.theguardian.com/technology/2005/mar/03/onlinesupplement.columnists |archive-date=August 30, 2018 |url-status=live }}</ref><ref name="Mayer83">{{cite news |title=Bell Atlantic plans rapid growth after Jan. spinoff |last1=Mayer |first1=Caroline |url=https://www.washingtonpost.com/archive/business/1983/10/24/bell-atlantic-plans-rapid-growth-after-jan-spinoff/43a6d759-a641-4c1c-9bb5-412979a0d716/ |newspaper=The Washington Post |date=24 October 1983 |access-date=23 August 2018 |archive-url=https://web.archive.org/web/20181008175253/https://www.washingtonpost.com/archive/business/1983/10/24/bell-atlantic-plans-rapid-growth-after-jan-spinoff/43a6d759-a641-4c1c-9bb5-412979a0d716/ |archive-date=October 8, 2018 |url-status=live }}</ref>
-Bell Atlantic's original roster of operating companies included:
-*[[Verizon Pennsylvania|The Bell Telephone Company of Pennsylvania]]<ref>{{Cite news|url=https://www.nytimes.com/1984/06/01/business/finance-new-issues-pennsylvania-bell-to-buy-back-debt.html|title=FINANCE/NEW ISSUES; Pennsylvania Bell To Buy Back Debt|date=1984-06-01|work=The New York Times|access-date=2019-02-27|agency=Reuters|language=en-US|issn=0362-4331|archive-url=https://web.archive.org/web/20180830145523/https://www.nytimes.com/1984/06/01/business/finance-new-issues-pennsylvania-bell-to-buy-back-debt.html|archive-date=August 30, 2018|url-status=live}}</ref>
-*[[New Jersey Bell]]<ref name="Goodnough96">{{cite news |title=A crack in the bedrock |last1=Goodnough |first1=Abby |url=https://archive.nytimes.com/www.nytimes.com/specials/downsize/resource-0114.html |work=The New York Times |date=14 January 1996 |access-date=23 August 2018 |archive-url=https://web.archive.org/web/20180830142317/https://archive.nytimes.com/www.nytimes.com/specials/downsize/resource-0114.html |archive-date=August 30, 2018 |url-status=live }}</ref>
-*[[Verizon Delaware|Diamond State Telephone]]<ref name="Vise89">{{cite news |title=CP Telephone workers strike after talks fail |last1=Vise |first1=David |url=https://www.washingtonpost.com/archive/politics/1989/08/07/cp-telephone-workers-strike-after-talks-fail/07d7088c-86b8-4e54-9bd5-c556f96be029/ |newspaper=The Washington Post |date=7 August 1989 |access-date=23 August 2018 |archive-url=https://web.archive.org/web/20181008174834/https://www.washingtonpost.com/archive/politics/1989/08/07/cp-telephone-workers-strike-after-talks-fail/07d7088c-86b8-4e54-9bd5-c556f96be029/ |archive-date=October 8, 2018 |url-status=live }}</ref>
-*[[C&P Telephone]]<ref name="Vise89"/> (itself comprising four subsidiaries)<ref name="AssociatedPress89">{{cite news |title=Bell Atlantic, CWA reach agreement in Washington |url=https://www.apnews.com/b6fa5517cb32f53a4acd72d57c2ef64b |work=The Associated Press |date=25 August 1989 |access-date=23 August 2018 |archive-url=https://web.archive.org/web/20180830142313/https://www.apnews.com/b6fa5517cb32f53a4acd72d57c2ef64b |archive-date=August 30, 2018 |url-status=live }}</ref>
-In 1996, CEO and Chairman Raymond W. Smith orchestrated Bell Atlantic's merger with [[NYNEX]].<ref name=":0">{{Cite news|url=https://www.nytimes.com/1996/04/23/business/sticking-their-knitting-deal-nynex-bell-atlantic-decide-they-are-truly-made-for.html|title=A Sticking-to-Their-Knitting Deal; Nynex and Bell Atlantic Decide They Are Truly Made for Each Other|last=Landler|first=Mark|date=1996-04-23|work=The New York Times|access-date=2019-02-27|language=en-US|issn=0362-4331|archive-url=https://web.archive.org/web/20180830145518/https://www.nytimes.com/1996/04/23/business/sticking-their-knitting-deal-nynex-bell-atlantic-decide-they-are-truly-made-for.html|archive-date=August 30, 2018|url-status=live}}</ref> When it merged, it moved its corporate headquarters from Philadelphia to New York City.<ref name=":0" /> NYNEX was consolidated into the Bell Atlantic name by 1997.<ref>{{Cite news|url=https://www.nytimes.com/1997/09/08/business/nynex-is-gone-but-its-name-has-yet-to-go.html|title=Nynex Is Gone, But Its Name Has Yet to Go|last=Landler|first=Mark|date=1997-09-08|work=The New York Times|access-date=2019-02-27|language=en-US|issn=0362-4331|archive-url=https://web.archive.org/web/20180830142407/https://www.nytimes.com/1997/09/08/business/nynex-is-gone-but-its-name-has-yet-to-go.html|archive-date=August 30, 2018|url-status=live}}</ref>
-[[Image:Verizon Logo.svg|thumb|Former logo used from 2000 to September 1, 2015. The logo is occasionally used on payphones and phone cards.]]
-Two months before the [[Federal Communications Commission]] (FCC) gave final approval on the formation of Verizon Communications, Bell Atlantic formed Verizon Wireless in a [[joint venture]] with the British telecommunications company [[Vodafone]] in April 2000.<ref name=JohnBorland>{{cite news |last=Borland |first=John |date=April 3, 2000 |title=Wireless deals put pressure on competitors to grow |url=http://news.cnet.com/2100-1033-238747.html |newspaper=CNET |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318153808/http://news.cnet.com/2100-1033-238747.html |archive-date=March 18, 2014 |url-status=live }}</ref><ref name=CNN99>{{cite news |author=<!--Staff writer(s); no by-line.--> |title=Bell Atlantic-Vodafone pact |url=https://money.cnn.com/1999/09/21/deals/vodafone/ |newspaper=CNN Money |date=September 21, 1999 |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318153218/http://money.cnn.com/1999/09/21/deals/vodafone/ |archive-date=March 18, 2014 |url-status=live }}</ref><ref name=ErichLuening>{{cite news |last=Luening |first=Erich |date=July 17, 2000 |title=Verizon Wireless kicks off mobile Net access |url=http://news.cnet.com/Verizon-Wireless-kicks-off-mobile-Net-access/2100-1033_3-243213.html |newspaper=CNET |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318152001/http://news.cnet.com/Verizon-Wireless-kicks-off-mobile-Net-access/2100-1033_3-243213.html |archive-date=March 18, 2014 |url-status=live }}</ref> The companies established Verizon Wireless as its own business operated by Bell Atlantic, which owned 55% of the venture.<ref name=CNN99/> Vodafone retained 45% of the company.<ref name=CNN99/> The deal was valued at approximately $70&nbsp;billion and created a mobile carrier with 23 million customers.<ref name=JohnBorland/><ref name=CNN99/> Verizon Wireless merged Bell Atlantic's wireless network, Vodafone's AirTouch and [[PrimeCo]] holdings, and the wireless division of GTE.<ref name=CNN99/><ref name=ToddWeiss>{{cite news |last=Weiss |first=Todd R. |date=June 19, 2000 |title=AT&T buys Verizon wireless licenses for $3.3 billion |url=http://www.computerworld.com/s/article/print/46019/AT_T_buys_Verizon_wireless_licenses_for_3.3_billion |archive-url=https://archive.today/20140318114856/http://www.computerworld.com/s/article/print/46019/AT_T_buys_Verizon_wireless_licenses_for_3.3_billion |url-status=dead |archive-date=March 18, 2014 |newspaper=Computerworld |access-date=November 27, 2013 }}</ref><ref name=EveTahmincioglu>{{cite news |last=Tahmincioglu |first=Eve |date=September 22, 1999 |title=Bell Atlantic, Vodafone seal deal |url=http://w3.nexis.com/new/auth/checkbrowser.do?t=1387461980280&bhcp=1 |newspaper=St. Petersburg Times |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318180836/http://w3.nexis.com/new/auth/checkbrowser.do?t=1387461980280&bhcp=1 |archive-date=March 18, 2014 |url-status=live }}</ref> Due to its size, Verizon Wireless was able to offer national coverage at competitive rates, giving it an advantage over regional providers typical of the time.<ref name=JohnBorland/>
-Bell Atlantic changed its name to Verizon Communications in June 2000, when the FCC approved the US$64.7&nbsp;billion merger with telephone company GTE, nearly two years after the deal was proposed in July 1998. The merger was announced on April 4.<ref name=CNN00>{{cite news |title=Bell, GTE merger approved |url=https://money.cnn.com/2000/06/16/deals/gte/ |newspaper=CNN Money |date=June 16, 2000 |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140203143907/http://money.cnn.com/2000/06/16/deals/gte/ |archive-date=February 3, 2014 |url-status=live }}</ref> The name Verizon derives from the combination of the words ''{{lang|la|[[veritas]]}}'', Latin for truth, and [[horizon]].<ref>{{cite web |title=Verizon who? |url=https://www.cnet.com/tech/mobile/verizon-who/ |website=CNET |access-date=1 March 2023 |language=en |date=January 2, 2002}}</ref><ref name=BryanCulp>{{cite news |last=Culp |first=Bryan |date=January 1, 2001 |title=Playing the Name Game Again |url=http://www.marketingprofs.com/articles/2000/205/playing-the-name-game-again |newspaper=marketingprofs.com |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318180530/http://www.marketingprofs.com/articles/2000/205/playing-the-name-game-again |archive-date=March 18, 2014 |url-status=live }}</ref>
-The approval came with 25 stipulations to preserve competition between local phone carriers, including investing in new markets and [[broadband]] technologies.<ref name=CNN00/> The new entity was headed by co-CEOs Charles Lee, former CEO of [[GTE]], and Bell Atlantic CEO [[Ivan Seidenberg]].<ref name=CNN00/>
-Verizon became the largest local telephone company in the United States, operating 63 million telephone lines in 40 states.<ref name=":1">{{Cite news|url=https://www.nytimes.com/2000/06/17/business/fcc-approves-bell-atlantic-gte-merger-creating-no-1-phone-company.html|title=F.C.C. Approves Bell Atlantic-GTE Merger, Creating No. 1 Phone Company|last=Labaton|first=Stephen|date=2000-06-17|work=The New York Times|access-date=2019-02-27|language=en-US|issn=0362-4331|archive-url=https://web.archive.org/web/20170505225115/http://www.nytimes.com/2000/06/17/business/fcc-approves-bell-atlantic-gte-merger-creating-no-1-phone-company.html|archive-date=May 5, 2017|url-status=live}}</ref> The company also inherited 25 million mobile phone customers.<ref name=":1" /> Additionally, Verizon offered internet services and long-distance calling in New York, before expanding long-distance operations to other states.<ref name=CNN00/><ref name=BruceMeyerson/>
-Approximately 85,000 Verizon workers went on an [[Verizon strike of 2000|18-day labor strike]] in August 2000 after their union contracts expired.<ref>{{Cite news|url=https://www.nytimes.com/2000/07/31/business/business-digest-447820.html|title=Business Digest|date=2000-07-31|work=The New York Times|access-date=2019-02-27|language=en-US|issn=0362-4331|archive-url=https://web.archive.org/web/20170701104948/http://www.nytimes.com/2000/07/31/business/business-digest-447820.html|archive-date=July 1, 2017|url-status=live}}</ref><ref name=CNNAug00>{{cite news |title=Verizon, union reach deal |url=https://money.cnn.com/2000/08/24/news/verizon/ |newspaper=CNN Money |date=August 24, 2000 |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318151704/http://money.cnn.com/2000/08/24/news/verizon/ |archive-date=March 18, 2014 |url-status=live }}</ref> The strike affected quarterly revenues,<ref name=CecilyBarnes>{{cite news |last=Barnes |first=Cecily |date=October 30, 2000 |title=Verizon profits flat, revenues up 7 percent |url=http://news.cnet.com/Verizon-profits-flat,-revenues-up-7-percent/2100-1033_3-247787.html |newspaper=CNET |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318153631/http://news.cnet.com/Verizon-profits-flat,-revenues-up-7-percent/2100-1033_3-247787.html |archive-date=March 18, 2014 |url-status=live }}</ref> resulting in Verizon Wireless' postponement of the company's initial public offering (IPO)<ref name=CecilyBarnes/> (the IPO was ultimately cancelled in 2003 because the company no longer needed to raise revenue for Verizon Wireless due to increased profits),<ref name=Telegeography>TeleGeography. "[https://www.telegeography.com/products/commsupdate/articles/2003/01/30/verizon-posts-usd2-3-billion-profit-surge-cancels-wireless-ipo/ Verizon posts USD2.3&nbsp;billion profit surge; cancels wireless IPO] {{Webarchive|url=https://web.archive.org/web/20151222155459/https://www.telegeography.com/products/commsupdate/articles/2003/01/30/verizon-posts-usd2-3-billion-profit-surge-cancels-wireless-ipo/ |date=December 22, 2015 }}." January 30, 2003. Retrieved December 17, 2015.</ref> and created a backlog of repairs.<ref name=CNNAug00/> This strike did not involve all company employees, as most line technicians and user technicians of the company are in a union.
-Verizon launched [[3G]] service in 2002, which doubled the Internet speed of the time to 144&nbsp;kb per second.<ref>{{Cite news|url=https://www.nytimes.com/2002/01/28/business/fast-hookup-with-cellphone-is-expected-from-verizon.html|title=Fast Hookup With Cellphone Is Expected From Verizon|last=Romero|first=Simon|date=2002-01-28|work=The New York Times|access-date=2019-02-27|language=en-US|issn=0362-4331|archive-url=https://web.archive.org/web/20170701101730/http://www.nytimes.com/2002/01/28/business/fast-hookup-with-cellphone-is-expected-from-verizon.html|archive-date=July 1, 2017|url-status=live}}</ref> In August 2002, Verizon began offering local, long-distance and mobile calling, as well as Internet service, in a [[Product bundling|bundle]]. It was initially only available to customers in New York and Massachusetts.<ref name="BruceMeyerson">{{cite news |last=Meyerson |first=Bruce |date=August 7, 2002 |title=Verizon, BellSouth bundling phone services |url=http://www.enquirer.com/editions/2002/08/07/fin_verizon_bellsouth.html |newspaper=The Cincinnati Enquirer |access-date=November 27, 2013}}</ref>
-===Early expansion (2003–2010)===
-The [[Dow Jones Industrial Average]] added Verizon Communications to its [[stock market index]] in April 2004.<ref name=ChrisIsidore>{{cite news |last=Isidore |first=Chris |date=April 1, 2004 |title=AT&T, Kodak, IP out of Dow AIG, Verizon, Pfizer are the newest additions to the world's most widely watched stock index |url=https://money.cnn.com/2004/04/01/markets/dow/ |newspaper=[[CNNMoney.com|CNN Money]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318162511/http://money.cnn.com/2004/04/01/markets/dow/ |archive-date=March 18, 2014 |url-status=live }}</ref> Verizon replaced telecom competitor AT&T, which had been a part of the index since the [[Great Depression]].<ref name=ChrisIsidore/>
-Verizon launched its [[Verizon FiOS|Fios]] Internet service, which transmits data over [[Optical fiber|fiber optic]] cables, in [[Keller, Texas]], in 2004.<ref name=PeterSvensson>{{cite news |last=Svensson |first=Peter |date=June 20, 2007 |title=Verizon signs up millionth FiOS customer |url=http://usatoday30.usatoday.com/tech/products/2007-06-20-1103379445_x.htm |newspaper=[[USA Today]] |access-date=February 3, 2014 |archive-url=https://web.archive.org/web/20140318181117/http://usatoday30.usatoday.com/tech/products/2007-06-20-1103379445_x.htm |archive-date=March 18, 2014 |url-status=live }}</ref><ref name="Charny04">{{cite news |title=Verizon's fiber race is on |last1=Charny |first1=Ben |url=https://www.cnet.com/news/verizons-fiber-race-is-on/ |newspaper=CNET |date=19 July 2004 |access-date=5 June 2018 |archive-url=https://web.archive.org/web/20180612144258/https://www.cnet.com/news/verizons-fiber-race-is-on/ |archive-date=June 12, 2018 |url-status=live }}</ref> The company launched Fios TV in September 2005, also in Keller. Twenty percent of qualified homes had signed up by the end of 2004.<ref name=BartonEckert>{{cite news |last=Eckert |first=Barton |date=January 24, 2006 |title=Verizon FiOS TV service picks up Falls Church franchise |url=http://www.bizjournals.com/washington/stories/2006/01/23/daily9.html |newspaper=[[American City Business Journals|Washington Business Journal]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140510185536/http://www.bizjournals.com/washington/stories/2006/01/23/daily9.html |archive-date=May 10, 2014 |url-status=live }}</ref> By January 2006, Fios offered over 350 channels in eight states, including 20 [[high-definition television]] channels and [[video on demand]].<ref name=BartonEckert/>
-[[Mail server]]s at Verizon.net were configured in December 2004 to not accept connections from Europe by default in an attempt to reduce [[spam email]] that was originating from the region. Individual domains would only be unblocked upon request.<ref name=JohnLeyden>{{cite news |last=Leyden |first=John |date=January 14, 2005 |title=Verizon persists with European email blockade |url=https://www.theregister.co.uk/2005/01/14/verizon_email_block/ |newspaper=[[The Register]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20131023071030/http://www.theregister.co.uk/2005/01/14/verizon_email_block/ |archive-date=October 23, 2013 |url-status=live }}</ref> The move was criticized by its customers for disrupting their communications without notice,<ref>{{cite magazine |last=Gartner |first=John |date=January 10, 2015 |title=Verizon's E-Mail Embargo Enrages |url=https://www.wired.com/2005/01/verizons-e-mail-embargo-enrages/ |magazine=[[Wired (magazine)|Wired]] |archive-url=https://web.archive.org/web/20221006213834/https://www.wired.com/2005/01/verizons-e-mail-embargo-enrages/ |archive-date=October 6, 2022 |url-status=live}}</ref> causing them to initiate a class-action lawsuit.<ref>{{cite news |last=Leyden |first=John |date=January 21, 2005 |title=Verizon faces lawsuit over email blocking |url=https://www.theregister.com/2005/01/21/verizon_class_action/ |newspaper=[[The Register]] |archive-url=https://web.archive.org/web/20230204014347/https://www.theregister.com/2005/01/21/verizon_class_action/ |archive-date=February 4, 2023 |url-status=live}}</ref> Verizon proposed a settlement in April 2006.<ref>{{cite web |date=April 4, 2006 |title=Verizon offers refunds over blocked e-mails |url=https://www.nbcnews.com/id/wbna12156737 |website=[[NBC News]] |archive-url=https://web.archive.org/web/20221003181817/https://www.nbcnews.com/id/wbna12156737 |archive-date=October 3, 2022 |url-status=live}}</ref>
-Beginning in 2005, Verizon reinforced its focus on its mobile phone, Internet, and TV businesses by selling a number of its U.S.-based wireline-focused businesses and international assets.<ref name=CraytonHarrison/> It sold 700,000 lines in Hawaii in 2005,<ref name=CraytonHarrison/><ref name=PeterSayer>{{cite news |last=Sayer |first=Peter |date=July 27, 2005 |title=Verizon reports record revenue in second quarter |url=http://www.arnnet.com.au/article/136449/verizon_reports_record_revenue_second_quarter/ |newspaper=ARNnet |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318161257/http://www.arnnet.com.au/article/136449/verizon_reports_record_revenue_second_quarter/ |archive-date=March 18, 2014 |url-status=live }}</ref> and [[Corporate spin-off|spun off]] lines in Maine, New Hampshire and Vermont in January 2007, which were then purchased by [[FairPoint Communications]] for $2.72 billion.<ref name=CraytonHarrison>{{cite news |last=Harrison |first=Crayton |date=January 16, 2007 |title=Verizon Will Shed Phone Lines in Deal With FairPoint |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=afKEqXgnzHAo&refer=home |newspaper=Bloomberg |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318161034/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afKEqXgnzHAo&refer=home |archive-date=March 18, 2014 |url-status=live }}</ref> Verizon also shed its telephone directory business in 2006.<ref name=RyanFuhrmann>{{cite news |last=Fuhrmann |first=Ryan |date=July 11, 2006 |title=Verizon Hangs Up on Directory Assistance |url=http://www.fool.com/investing/value/2006/07/11/verizon-hangs-up-on-directory-assistance.aspx |newspaper=[[The Motley Fool]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318162114/http://www.fool.com/investing/value/2006/07/11/verizon-hangs-up-on-directory-assistance.aspx |archive-date=March 18, 2014 |url-status=live }}</ref> In May 2009, the company spun off wirelines in [[Arizona]], [[Idaho]], [[Illinois]], [[Indiana]], [[Michigan]], [[Nevada]], [[North Carolina]], [[Ohio]], [[Oregon]], [[South Carolina]], [[Washington (state)|Washington]], [[West Virginia]], and [[Wisconsin]] into a company that then merged with [[Frontier Communications]] in a deal valued at $8.6 billion.<ref>{{Cite news|url=https://www.nytimes.com/2009/05/14/technology/companies/14phone.html|title=Frontier to Buy Verizon Lines for $8.5 Billion|last=Hansell|first=Saul|date=2009-05-13|work=The New York Times|access-date=2019-02-27|language=en-US|issn=0362-4331|archive-url=https://web.archive.org/web/20170701111000/http://www.nytimes.com/2009/05/14/technology/companies/14phone.html|archive-date=July 1, 2017|url-status=live}}</ref><ref>{{cite web|title = Verizon sells landlines in 14 states to Frontier in $8.6B deal|url = https://abcnews.go.com/Business/story?id=7574975&page=1|website = ABC News|date = 2009-05-13|access-date = 2015-05-12|archive-url = https://web.archive.org/web/20150531033218/http://abcnews.go.com/Business/story?id=7574975&page=1|archive-date = May 31, 2015|url-status = live}}</ref> It sold its interests in telecommunications providers in the Dominican Republic, Puerto Rico and Venezuela América Móvil.<ref name="Caribbean">{{cite news |title=3 Verizon Caribbean Units Sold to Mexican Magnate |last=Malkin |first=Elisabeth |date=April 4, 2006 |access-date=July 25, 2022 |url=https://www.nytimes.com/2006/04/04/business/worldbusiness/3-verizon-caribbean-units-sold-to-mexican-magnate.html |work=[[The New York Times]]}}</ref> A decade later, it would continue moves to invest in wireless. In 2015, [[American Tower Corp.]] acquired the exclusive right to lease, acquire or otherwise operate and manage many of Verizon's wireless towers for an upfront payment of $5.1 billion, which also included payment for the sale of approximately 165 towers. Verizon used the funds from this sale to support a $10.4 billion purchase of AWS-3 spectrum licenses at an FCC auction.<ref name="ATC">{{cite news |title=Verizon offloads towers to American Tower for $5B |last=Marek |first=Sue |date=February 5, 2015 |access-date=July 25, 2022 |url=https://www.fiercewireless.com/wireless/verizon-offloads-towers-to-american-tower-for-5b |work=FierceWireless}}</ref> In 2016, Verizon sold its wireline operations in Texas, Florida, and California to Frontier.<ref>{{cite web|title = Frontier Weighs Sale of Ex-Verizon Landline Assets|url = https://www.bloomberg.com/news/articles/2018-02-02/frontier-is-said-to-consider-sale-of-ex-verizon-landline-assets|website = Bloomberg|date = 2018-02-02|access-date = 2018-05-19|archive-url = https://web.archive.org/web/20180521055557/https://www.bloomberg.com/news/articles/2018-02-02/frontier-is-said-to-consider-sale-of-ex-verizon-landline-assets|archive-date = May 21, 2018|url-status = live}}</ref>
-Verizon began negotiations in 2005 to purchase long-distance carrier [[MCI Inc.|MCI]], who accepted the company's initial $6.75 billion offer in February but then received a higher offer from [[Qwest Communications]]. Verizon increased its bid to $7.6{{nbsp}}billion, which MCI accepted on March 29, 2005.<ref name=PaulLaMonica>{{cite news |last=La Monica |first=Paul |date=March 29, 2005 |title=MCI accepts new $7.6B Verizon bid franchise |url=https://money.cnn.com/2005/03/29/technology/mci_verizon/?cnn=yes |newspaper=[[CNNMoney.com]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318153215/http://money.cnn.com/2005/03/29/technology/mci_verizon/?cnn=yes |archive-date=March 18, 2014 |url-status=live }}</ref> The [[mergers and acquisitions|acquisition]] gave the company access to MCI's million corporate clients and international holdings, expanding Verizon's presence into global markets.<ref name=PaulLaMonica/><ref name=DavidEwalt>{{cite news |last=Ewalt |first=David |date=February 14, 2005 |title=Verizon To Acquire MCI For $6.8B |url=https://www.forbes.com/2005/02/14/cx_de_0214verizon.html |newspaper=[[Forbes]] |access-date=January 9, 2014 |archive-url=https://web.archive.org/web/20140318154050/http://www.forbes.com/2005/02/14/cx_de_0214verizon.html |archive-date=March 18, 2014 |url-status=live }}</ref> As a result, Verizon Business was established as a new division to serve the company's business and government customers.<ref>{{cite news |last=Reardon |first=Marguerite |date=January 6, 2006 |title=Verizon closes book on MCI merger franchise |url=http://news.cnet.com/Verizon-closes-book-on-MCI-merger/2100-1037_3-6003498.html |newspaper=CNET |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20131216164031/http://news.cnet.com/Verizon-closes-book-on-MCI-merger/2100-1037_3-6003498.html |archive-date=December 16, 2013 |url-status=live }}</ref> The FCC approved the deal on October 31, 2005, valuing it at $8.5 billion.<ref>{{Cite news|url=https://www.nytimes.com/2005/11/01/technology/verizon-and-sbc-deals-clear-final-us-hurdle.html|title=Verizon and SBC deals clear final U.S. hurdle|date=2005-11-01|work=The New York Times|access-date=2019-02-27|language=en-US|issn=0362-4331|archive-url=https://web.archive.org/web/20190202224800/https://www.nytimes.com/2005/11/01/technology/verizon-and-sbc-deals-clear-final-us-hurdle.html|archive-date=February 2, 2019|url-status=live}}</ref> Verizon's 2006 revenues rose by as much as 20% following the purchase.<ref name=CraytonHarrison/>
-''[[USA Today]]'' reported in May 2006 that Verizon, as well as AT&T and [[BellSouth]], had given the [[National Security Agency]] [[landline]] phone records following the [[September 11 attacks]].<ref name=MelissaMcNamara>{{cite news |last=McNamara |first=Melissa |date=May 12, 2006 |title=Verizon Sued For Giving Records To NSA |url=https://www.cbsnews.com/news/verizon-sued-for-giving-records-to-nsa/ |newspaper=[[CBS]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318164826/http://www.cbsnews.com/news/verizon-sued-for-giving-records-to-nsa/ |archive-date=March 18, 2014 |url-status=live }}</ref><ref name=CNN06>{{cite news |title=Verizon stock takes hit on $50 billion lawsuit |url=https://money.cnn.com/2006/05/15/news/companies/verizon/ |newspaper=[[CNNMoney.com]] |date=May 15, 2006 |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318180121/http://money.cnn.com/2006/05/15/news/companies/verizon/ |archive-date=March 18, 2014 |url-status=live }}</ref> That same month, a $50 billion lawsuit was filed by two lawyers on behalf of all Verizon subscribers for privacy violations and to prevent the company from releasing additional records without consent or warrant.<ref name=MelissaMcNamara/><ref name=CNN06/> Protesters staged the National Day of Out(R)age due in part to the controversy.<ref name=DeclanMcCullagh>{{cite news |last=McCullagh |first=Declan |date=May 24, 2006 |title=Protesters face off with Verizon, AT&T |url=http://news.cnet.com/2100-1036_3-6076575.html |newspaper=CNET |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318152448/http://news.cnet.com/2100-1036_3-6076575.html |archive-date=March 18, 2014 |url-status=live }}</ref> In 2007, Verizon stated that it fulfilled only "lawful demands" for information,<ref>{{Cite news|url=https://www.nytimes.com/2007/10/16/washington/16nsa.html|title=Phone Utilities Won't Give Details About Eavesdropping|last=Lichtblau|first=Eric|date=2007-10-16|work=The New York Times|access-date=2019-02-27|language=en-US|issn=0362-4331|archive-url=https://web.archive.org/web/20170701100308/http://www.nytimes.com/2007/10/16/washington/16nsa.html|archive-date=July 1, 2017|url-status=live}}</ref> but also acknowledged surrendering customer information to government agencies without court orders or [[warrant (law)|warrants]] 720 times between 2005 and 2007.<ref name=EllenNakashima>{{cite news |last=Nakashima |first=Ellen |date=October 16, 2007 |title=Verizon Says It Turned Over Data Without Court Orders |url=https://www.washingtonpost.com/wp-dyn/content/article/2007/10/15/AR2007101501857.html |newspaper=[[The Washington Post]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20131125141116/http://www.washingtonpost.com/wp-dyn/content/article/2007/10/15/AR2007101501857.html |archive-date=November 25, 2013 |url-status=live }}</ref>
-Verizon won a lawsuit against [[Vonage]] for [[patent infringement]] in March 2007. The three patents named were filed by Bell Atlantic in 1997, and relate to the conversion of IP addresses into phone numbers, a key technology of Vonage's business.<ref name=LarryBarrett/> The company was awarded US$58 million in damages and future royalties.<ref name=LarryBarrett>{{cite news |last=Barrett |first=Larry |date=October 25, 2007 |title=Vonage Settles With Verizon, Stock Soars |url=http://www.internetnews.com/bus-news/article.php/3707401 |newspaper=[[Internetnews.com]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318152315/http://www.internetnews.com/bus-news/article.php/3707401 |archive-date=March 18, 2014 |url-status=live }}</ref> Vonage later lost an appeal and was ordered to pay Verizon $120 million.<ref name=JeffStOnge>{{cite news |last=St.Onge |first=Jeff |date=November 15, 2007 |title=Vonage's Appeal Refused; Verizon Owed $120 Million |url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=ab3LRWLagfCw |newspaper=[[Bloomberg L.P.|Bloomberg]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318160840/http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ab3LRWLagfCw |archive-date=March 18, 2014 |url-status=live }}</ref>
-In May 2007, Verizon acquired [[CyberTrust]], a privately held provider of global information security services.<ref>{{cite web|title = Verizon Business acquires Cybertrust|url = https://www.networkworld.com/article/832376/access-control-verizon-business-acquires-cybertrust.html|access-date = 2015-10-05|first = Jim|last = Duffy|date = 2007-05-14|archive-url = https://web.archive.org/web/20240325124815/https://www.networkworld.com/article/832376/access-control-verizon-business-acquires-cybertrust.html|archive-date = March 25, 2024|url-status = live}}</ref>
-In September 2007, Verizon Wireless reversed a controversial decision to deny [[NARAL Pro-Choice America]] a short code through which the organization could [[text messaging|text]] consumers who had signed up for messaging from the group. The company had initially refused the group access to a code by reserving the right to block "controversial or unsavory" messages.<ref name=AdamLiptak>{{cite news |last=Liptak |first=Adam |date=September 27, 2007 |title=Verizon Reverses Itself on Abortion Messages |url=https://www.nytimes.com/2007/09/27/business/27cnd-verizon.html |newspaper=The New York Times |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140328101155/http://www.nytimes.com/2007/09/27/business/27cnd-verizon.html |archive-date=March 28, 2014 |url-status=live }}</ref>
-Verizon opened its networks to third party [[mobile app|apps]] and devices for the first time in 2007,<ref name=BryanGardiner07>{{cite news |last=Gardiner |first=Bryan |date=November 27, 2007 |title=Pigs Fly, Hell Freezes Over and Verizon Opens Up Its Network — No, Really |url=https://www.wired.com/business/2007/11/verizon-opens-u/ |newspaper=[[Gizmodo]] |access-date=November 27, 2013}}</ref> a decision that allowed it to participate in the FCC's [[United States 2008 wireless spectrum auction|2008 700 MHz auction of "open access" spectrum]].<ref name=BryanGardiner07/><ref name=PeterKaplan/> During that auction, the company bid $9.4 billion and won the bulk of national and local licenses for airwaves reaching approximately 469 million people.<ref name=PeterKaplan/><ref name=BryanGardiner08>{{cite news |last=Gardiner |first=Bryan |date=March 20, 2008 |title=In Spectrum Auction, Winners Are AT&T, Verizon and Openness |url=https://www.wired.com/business/2008/03/fcc-releases-70/ |newspaper=[[Gizmodo]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20131128051549/http://www.wired.com/business/2008/03/fcc-releases-70/ |archive-date=November 28, 2013 |url-status=live }}</ref> Verizon utilized the increased spectrum for its 4G service.<ref name=PeterKaplan>{{cite news |last=Kaplan |first=Peter |date=April 4, 2008 |title=Verizon to use new spectrum for advanced wireless |url=http://uk.reuters.com/article/2008/04/04/uk-verizon-spectrum-idUKN0415786820080404 |newspaper=[[Reuters]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318155526/http://uk.reuters.com/article/2008/04/04/uk-verizon-spectrum-idUKN0415786820080404 |archive-date=March 18, 2014 |url-status=dead }}</ref>
-Verizon acquired Rural Cellular Corp. for $2.7 billion in cash and assumed debt in 2008.<ref name="Rural-Cellular">{{cite news |title=Verizon Wireless to Acquire Rural Cellular |last=Ross |first=Grant |url=https://abcnews.go.com/Technology/PCWorld/story?id=3427837 |work=[[ABC News]] |access-date=July 25, 2022}}</ref> That summer, Verizon announced it would purchase wireless carrier [[Alltel]] for $28.1 billion. The acquisition included 13 million customers, which allowed Verizon Wireless to surpass AT&T in number of customers and reach new markets in rural areas.<ref name=SineadCarew>{{cite news |last=Carew |first=Sinead |date=June 6, 2008 |title=Verizon Wireless to buy Alltel |url=http://uk.reuters.com/article/2008/06/06/uk-alltel-verizon-idUKWNAS723020080606 |newspaper=[[Reuters]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318160319/http://uk.reuters.com/article/2008/06/06/uk-alltel-verizon-idUKWNAS723020080606 |archive-date=March 18, 2014 |url-status=dead }}</ref>
-[[4chan]] began receiving reports on February 4, 2010, from Verizon Wireless customers that were having difficulties accessing the site's image boards. Administrators of the site found that only traffic on port 80 to the boards.4chan.org domain was affected, leading them to believe the block was intentional. On February 7, 2010, Verizon Wireless confirmed that 4chan.org was "explicitly blocked"<ref>Moot (February 7, 2010). [http://status.4chan.org/index.html#2310965532000217917 "Verizon Wireless confirms block". 4chan.org.]</ref> after Verizon's security and external experts detected sweep attacks coming from an IP address associated with the 4chan network. Traffic was restored several days later.<ref>[http://wirelessfederation.com/news/21888-verizon-wireless-restores-4chan-traffic-2/ Verizon Wireless restores 4Chan traffic] {{Webarchive|url=https://web.archive.org/web/20121021082458/http://wirelessfederation.com/news/21888-verizon-wireless-restores-4chan-traffic-2/ |date=October 21, 2012 }}, Wireless Federation, United Kingdom, 2010-02-10, accessed 2010-02-12, "After the concerns were raised over network attacks, Verizon Wireless restored traffic affiliated with the 4chan online forum."</ref>
-The chairmen of Verizon and Google agreed that [[Network neutrality in the United States|network neutrality]] should be defined and limited in August 2010.<ref>{{cite news |last=Shields |first=Todd |url=https://www.bloomberg.com/news/2010-08-12/google-verizon-pact-may-herald-end-of-equal-access-internet-as-fcc-stalls.html |title=Bloomberg.com |publisher=Bloomberg.com |date=2010-08-12 |access-date=2013-06-13 |archive-url=https://web.archive.org/web/20140318155928/http://www.bloomberg.com/news/2010-08-12/google-verizon-pact-may-herald-end-of-equal-access-internet-as-fcc-stalls.html |archive-date=March 18, 2014 |url-status=live }}</ref><ref>{{cite web
- |author       = Matt Schafer
- |title        = Five Sentences from Google/Verizon that Could Change the Net Forever
- |quote        = Despite Google and Verizon's claims to support an open Internet, the two-page policy proposal removes any hope of moving forward with the open Internet as we know it.
- |publisher    = Lippmannwouldroll.com
- |date         = August 9, 2010
- |url          = http://lippmannwouldroll.com/2010/08/09/five-sentences-from-googleverizon-that-could-change-the-net-forever/
- |access-date   = 2010-10-17
- |archive-url  = http://webarchive.loc.gov/all/20101018070908/http%3A//lippmannwouldroll.com/2010/08/09/five%2Dsentences%2Dfrom%2Dgoogleverizon%2Dthat%2Dcould%2Dchange%2Dthe%2Dnet%2Dforever/
- |archive-date = October 18, 2010
- |url-status     = dead
- |df           = mdy-all
-}}</ref>
-In October 2010, Verizon Wireless paid $77.8 million in refunds and FCC penalties for overcharging 15 million customers for data services. The company stated the overcharges were accidental and only amounted to a few dollars per customer.<ref name=ScottWoolley>{{cite news |last=Woolley |first=Scott |date=October 4, 2010 |title=Verizon's refund is just the start of a shakeup in wireless |url=http://tech.fortune.cnn.com/2010/10/04/verizons-refund-is-just-the-start-of-a-shakeup-in-wireless/ |newspaper=[[Fortune (magazine)|Fortune]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318155636/http://tech.fortune.cnn.com/2010/10/04/verizons-refund-is-just-the-start-of-a-shakeup-in-wireless/ |archive-date=March 18, 2014 |url-status=live }}</ref><ref name=CeciliaKang>{{cite news |last=Kang |first=Cecilia |date=October 28, 2010 |title=Verizon Wireless pays FCC $25M for years of false data charges |url=http://voices.washingtonpost.com/posttech/2010/10/the_federal_communications_com_5.html |newspaper=[[The Washington Post]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20130902211244/http://voices.washingtonpost.com/posttech/2010/10/the_federal_communications_com_5.html |archive-date=September 2, 2013 |url-status=live }}</ref>
-Verizon introduced its 4G [[LTE (telecommunication)|LTE]] network in 38 markets, as well as airports in seven additional cities in December 2010. The company planned on a three-year continuous expansion of the [[4G]] service.<ref>{{cite news |last=Reardon |first=Marguerite |date=December 1, 2010 |title=Verizon: 4G Wireless Service Debuts this Sunday |url=https://www.cbsnews.com/news/verizon-4g-wireless-service-debuts-this-sunday/ |newspaper=CBS |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318161814/http://www.cbsnews.com/news/verizon-4g-wireless-service-debuts-this-sunday/ |archive-date=March 18, 2014 |url-status=live }}</ref>
-===Expansion of services (2011–present)===
-[[File:Verizon logo.png|thumb|156x156px|Current Verizon logo (since 2015)]]
-Verizon acquired [[Verizon Enterprise Solutions|Terremark]], an information technology services company, for $1.4 billion in early 2011.<ref>{{cite web|url=https://dealbook.nytimes.com/2011/01/27/verizon-to-buy-terremark-for-1-4-billion/|title=Verizon to Buy Terremark for $1.4 Billion|last=Rusli|first=Evelyn M.|date=2011-01-27|website=DealBook|publisher=The New York Times|language=en|access-date=2019-02-27|archive-url=https://web.archive.org/web/20170709113651/https://dealbook.nytimes.com/2011/01/27/verizon-to-buy-terremark-for-1-4-billion/|archive-date=July 9, 2017|url-status=live}}</ref>
-Ivan Seidenberg retired as Verizon's CEO on August 1, 2011, and was succeeded by [[Lowell McAdam]].<ref name=PeterSvensson11>{{cite news |last=Svensson |first=Peter |date=July 22, 2011 |title=Verizon CEO Ivan Seidenberg Steps Down; Lowell McAdam Takes Helm |url=https://www.huffingtonpost.com/2011/07/22/verizon-ceo-ivan-seidenberg-lowell-mcadam_n_906537.html |newspaper=[[The Huffington Post]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20140318162027/http://www.huffingtonpost.com/2011/07/22/verizon-ceo-ivan-seidenberg-lowell-mcadam_n_906537.html |archive-date=March 18, 2014 |url-status=live }}</ref>
-In December 2011, the non-partisan organization [[Public Campaign#Reports|Public Campaign]] criticized Verizon for its [[tax avoidance]] procedures after it spent $52.34 million on [[lobbying]] while collecting $951 million in tax rebates between 2008 and 2010 and making a profit of $32.5 billion. The same report also criticized Verizon for increasing executive pay by 167% in 2010 for its top five executives while laying off 21,308 workers between 2008 and 2010.<ref name=AshleyPortero>{{cite web|last=Portero|first=Ashley|title=30 Major U.S. Corporations Paid More to Lobby Congress Than Income Taxes, 2008–2010|url=http://www.ibtimes.com/articles/264481/20111209/30-major-u-s-corporations-paid-lobby.htm|work=[[International Business Times]]|access-date=December 26, 2011|archive-url=https://web.archive.org/web/20120107173713/http://www.ibtimes.com/articles/264481/20111209/30-major-u-s-corporations-paid-lobby.htm|archive-date=January 7, 2012|url-status=live|df=mdy-all|date=2011-12-09}}</ref> However, in its [[Form 10-K]] filed with the SEC on February 24, 2012, Verizon reported having paid more than $11.1 billion in taxes (including income, employment and property taxes) from 2009 to 2011. In addition, the company reported in the 10-K that most of the drop in employment since 2008 was due to a voluntary retirement offer.<ref name=SEC>{{cite web|title=Verizon Form 10-K|url=http://eol.edgarexplorer.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1?SessionID=XukkiWhUFX_cXzg&ID=8435144|access-date=February 29, 2012|archive-url=https://web.archive.org/web/20120609005313/http://eol.edgarexplorer.com/EFX_dll/EDGARpro.dll?FetchFilingHTML1%3FSessionID=XukkiWhUFX_cXzg&ID=8435144|archive-date=June 9, 2012|url-status=dead|df=mdy-all}}</ref>
-Verizon purchased Hughes Telematics, a producer of wireless features for [[automobiles]], for $612 million in June 2012 as part of its strategy to expand into new growth areas in its wireless business.<ref>{{cite web|url=https://dealbook.nytimes.com/2012/06/01/verizon-to-buy-hughes-telematics-for-612-million/|title=Verizon to Buy Hughes Telematics for $612 Million|last=de la Merced|first=Michael J.|date=2012-06-01|website=DealBook|publisher=The New York Times|language=en|access-date=2019-02-27|archive-url=https://web.archive.org/web/20170709115438/https://dealbook.nytimes.com/2012/06/01/verizon-to-buy-hughes-telematics-for-612-million/|archive-date=July 9, 2017|url-status=live}}</ref> The same month, Verizon's [[Enhanced 911|E-911]] service failed in the aftermath of the [[June 2012 North American derecho|June 2012 derecho storm]] in several northern Virginia suburbs of Washington, D.C., with some problems lasting several days.<ref name=JustinJuvenal>{{cite news|last=Juvenal|first=Justin|title=911 System Restored|url=https://www.washingtonpost.com/local/crime/911-emergency-call-system-is-repaired-after-storm-officials-say/2012/07/03/gJQAreq6KW_story.html?hpid=z4|newspaper=[[The Washington Post]]|date=July 4, 2012|access-date=September 17, 2017|archive-url=https://web.archive.org/web/20170722211522/https://www.washingtonpost.com/local/crime/911-emergency-call-system-is-repaired-after-storm-officials-say/2012/07/03/gJQAreq6KW_story.html?hpid=z4|archive-date=July 22, 2017|url-status=live}}</ref> The FCC conducted an investigation<ref name=JustinJuvenal/> and released a report detailing the problems that led to the failure in January 2013. Verizon reported that it had already addressed or was addressing a number of the issues related to the FCC report, including the causes of generator failures, conducting audits of backup systems, and making its monitoring systems less centralized,<ref name=EdwardWyatt>{{cite news |title=F.C.C. Says Failure of 911 In Storm Was Preventable |author=Edward Wyatt |url=http://w3.nexis.com/new/docview/getDocForCuiReq?lni=57GB-MX41-JBG3-627M&csi=6742&oc=00240&perma=true |work=The New York Times |date=January 11, 2013 |access-date=September 23, 2013 |archive-url=https://web.archive.org/web/20140318160714/http://w3.nexis.com/new/docview/getDocForCuiReq?lni=57GB-MX41-JBG3-627M&csi=6742&oc=00240&perma=true |archive-date=March 18, 2014 |url-status=live }}</ref> although the FCC indicated that Verizon still needed to make additional improvements.<ref name=MaryFlaherty>{{cite news |title=Verizon 911 fixes are found lacking |author=Mary Pat Flaherty |url=http://w3.nexis.com/new/docview/getDocForCuiReq?lni=57GC-43B1-JCDY-T12R&csi=265544&oc=00240&perma=true |newspaper=The Washington Post |date=January 11, 2013 |access-date=September 23, 2013 |archive-url=https://web.archive.org/web/20131005012248/http://w3.nexis.com/new/docview/getDocForCuiReq?lni=57GC-43B1-JCDY-T12R&csi=265544&oc=00240&perma=true |archive-date=October 5, 2013 |url-status=live }}</ref>
-The FCC ruled that Verizon must stop charging users an added fee for using 4G smartphones and tablets as [[Wi-Fi hotspot]]s (known as "[[tethering]]"). Verizon had been charging its customers, even those with "unlimited" plans, $20 per month for tethering. As part of the 2012 settlement, Verizon made a voluntary payment of $1.25 million to the [[U.S. Treasury]].<ref name=Vaughan-Nichols>{{cite news |title=FCC rules Verizon can't charge for Wi-Fi tethering |author=Steven J. Vaughan-Nichols |url=https://www.zdnet.com/let-my-wi-fi-go-fcc-rules-verizon-cant-charge-for-wi-fi-tethering-7000001916/ |work=ZDNet |date=July 31, 2012 |access-date=May 14, 2014 |archive-url=https://web.archive.org/web/20140514123819/http://www.zdnet.com/let-my-wi-fi-go-fcc-rules-verizon-cant-charge-for-wi-fi-tethering-7000001916/ |archive-date=May 14, 2014 |url-status=live }}</ref>
-In August 2012, the [[United States Department of Justice|Department of Justice]] approved Verizon's purchase of [[Advanced Wireless Services]] (AWS) spectrum from a consortium of cable companies, including [[Comcast]], [[Time Warner Cable]] and [[Bright House Networks]], for $3.9 billion.<ref name=KevinFitchard>{{cite news |last=Fitchard |first=Kevin |date=August 23, 2012 |title=FCC approves the sale of cableco spectrum to Verizon |url=http://gigaom.com/2012/08/23/verizon-cable-cartel-gets-fccs-unanimous-approval/ |newspaper=[[GigaOM]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20131113002527/http://gigaom.com/2012/08/23/verizon-cable-cartel-gets-fccs-unanimous-approval/ |archive-date=November 13, 2013 |url-status=live }}</ref> Verizon began expanding its LTE network utilizing these extra airwaves in October 2013.<ref>Phil Goldstein, FierceWireless. "[http://www.fiercewireless.com/story/verizon-starts-deploying-lte-its-aws-spectrum/2013-10-15#ixzz2niDsyjjA Verizon starts deploying LTE in its AWS spectrum] {{Webarchive|url=https://web.archive.org/web/20140318152742/http://www.fiercewireless.com/story/verizon-starts-deploying-lte-its-aws-spectrum/2013-10-15#ixzz2niDsyjjA |date=March 18, 2014 }}." October 15, 2013. Retrieved December 17, 2015.</ref>
-''[[The Guardian]]'' reported it had obtained an order by the [[Federal Bureau of Investigation]] (FBI) and approved by the [[United States Foreign Intelligence Surveillance Court]] that required Verizon to provide the [[National Security Agency]] (NSA) with telephone [[metadata]] for all calls originating in the U.S.<ref name=EwenMacAskill>{{cite news|last=MacAskill|first=Ewen|title=NSA collecting phone records of millions of Verizon customers daily|url=https://www.theguardian.com/world/2013/jun/06/nsa-phone-records-verizon-court-order|access-date=June 6, 2013|newspaper=[[The Guardian]]|date=June 5, 2013|author2=Spencer Ackerman|location=London|archive-url=https://web.archive.org/web/20130816045641/http://www.theguardian.com/world/2013/jun/06/nsa-phone-records-verizon-court-order|archive-date=August 16, 2013|url-status=live}}</ref><ref name=FoxNews>{{cite news |title=NSA collecting phone records for millions of Verizon customers, report says |url=http://www.foxnews.com/politics/2013/06/06/nsa-collecting-phone-records-for-millions-verizon-customers-report-says/ |access-date=June 6, 2013 |newspaper=FoxNews |date=June 6, 2013 |archive-url=https://web.archive.org/web/20130606132631/http://www.foxnews.com/politics/2013/06/06/nsa-collecting-phone-records-for-millions-verizon-customers-report-says/ |archive-date=June 6, 2013 |url-status=live }}</ref> Verizon Wireless was not part of the NSA data collection for wireless accounts due to foreign ownership issues.<ref>{{Cite news|url=https://www.wsj.com/articles/SB10001424127887324049504578543800240266368|title=T-Mobile, Verizon Wireless Shielded from NSA Sweep|last1=Yadron|first1=Danny|date=2013-06-14|work=[[The Wall Street Journal]]|access-date=2019-02-27|last2=Perez|first2=Evan|language=en-US|issn=0099-9660|archive-url=https://web.archive.org/web/20170723191315/https://www.wsj.com/articles/SB10001424127887324049504578543800240266368|archive-date=July 23, 2017|url-status=live}}</ref>
-Verizon purchased Vodafone's 45% stake in Verizon in September 2013 for $130 billion.<ref name="BBC News">{{cite news |url=https://www.bbc.co.uk/news/business-23933955 |title=Vodafone confirms Verizon stake sale |work=BBC News |date=2013-09-02 |access-date=2013-09-02 |archive-url=https://web.archive.org/web/20180617180028/https://www.bbc.co.uk/news/business-23933955 |archive-date=June 17, 2018 |url-status=live }}</ref> The deal closed on February 21, 2014, and became the third largest corporate deal ever signed, giving Verizon Communications sole ownership of Verizon Wireless.<ref name=DevindraHardawar>{{cite news |title=Verizon, Vodafone agree $130 billion Wireless deal |author=Devindra Hardawar |url=https://venturebeat.com/2014/02/21/verizon-closes-130b-deal-to-buy-out-vodafones-stake-in-verizon-wireless-today/ |work=[[VentureBeat]] |date=February 21, 2014 |access-date=February 21, 2014 |archive-url=https://web.archive.org/web/20140221214127/http://venturebeat.com/2014/02/21/verizon-closes-130b-deal-to-buy-out-vodafones-stake-in-verizon-wireless-today/ |archive-date=February 21, 2014 |url-status=live }}</ref>
-On January 14, 2014, the [[United States Court of Appeals for the District of Columbia Circuit|DC Circuit Court of Appeals]] struck down the FCC's [[net neutrality]] rules after Verizon filed suit against them in January 2010.<ref name=LeticiaMiranda>{{cite news |last=Miranda |first=Leticia |date=December 6, 2013 |title=Verizon, the FCC and What You Need to Know About Net Neutrality |url=http://www.thenation.com/article/177425/verizon-fcc-and-what-you-need-know-about-net-neutrality# |newspaper=[[The Nation]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20131210054025/http://www.thenation.com/article/177425/verizon-fcc-and-what-you-need-know-about-net-neutrality |archive-date=December 10, 2013 |url-status=live }}</ref><ref name=RyanSingel>{{cite news |last=Singel |first=Ryan |date=January 20, 2011 |title=Verizon Files Suit Against FCC Net Neutrality Rules |url=https://www.wired.com/business/2011/01/verizon-sues-fcc/ |newspaper=[[Wired (magazine)|Wired]] |access-date=November 27, 2013 |archive-url=https://web.archive.org/web/20130607020527/http://www.wired.com/business/2011/01/verizon-sues-fcc/ |archive-date=June 7, 2013 |url-status=live }}</ref> In June 2016, in a 184-page ruling, the [[United States Court of Appeals for the District of Columbia Circuit]] upheld, by a 2–1 vote, the FCC's net neutrality rules and the FCC's determination that broadband access is a [[public utility]] rather than a luxury. AT&T and the telecom industry said they would seek to appeal the decision to the [[Supreme Court of the United States|Supreme Court]].<ref>{{Cite news|url=https://www.nytimes.com/2016/06/15/technology/net-neutrality-fcc-appeals-court-ruling.html|title=Court Backs Rules Treating Internet as Utility, Not Luxury|last=Kang|first=Cecilia|date=2016-06-14|work=The New York Times|access-date=2019-02-27|language=en-US|issn=0362-4331|archive-url=https://web.archive.org/web/20170223185216/https://www.nytimes.com/2016/06/15/technology/net-neutrality-fcc-appeals-court-ruling.html|archive-date=February 23, 2017|url-status=live}}</ref>
-The ''[[Wall Street Journal]]'' reported that Verizon received more than 1,000 requests for information about its subscribers on national security grounds via [[National Security Letters]]. In total, Verizon received 321,545 requests from federal, state and local law enforcement for U.S. customer information.<ref name=RyanKnutson>{{cite news |title=Verizon Says It Received More Than 1,000 National Security Letters In 2013 |last1=Knutson |first1=Ryan |url=http://online.wsj.com/article/BT-CO-20140122-708331.html |newspaper=[[The Wall Street Journal]] |date=January 22, 2014 |access-date=February 12, 2014 |archive-url=https://web.archive.org/web/20140318163007/http://online.wsj.com/article/BT-CO-20140122-708331.html |archive-date=March 18, 2014 |url-status=live }}</ref> In May 2015, Verizon agreed to pay $90 million "to settle federal and state investigations into allegations mobile customers were improperly billed for premium text messages."<ref>{{Cite news|title = Verizon and Sprint to pay $158 million to settle mobile cramming case|url = https://www.latimes.com/business/la-fi-verizon-sprint-cramming-settlement-20150512-story.html|access-date = 2015-05-12|first = Jim|last = Puzzanghera|work = Los Angeles Times|date = May 12, 2015|archive-url = https://web.archive.org/web/20150514174629/http://www.latimes.com/business/la-fi-verizon-sprint-cramming-settlement-20150512-story.html|archive-date = May 14, 2015|url-status = live}}</ref>
-Verizon Wireless launched the technology news website SugarString in October 2014. The publication attracted controversy after it was reported that its writers were forbidden from publishing articles related to [[net neutrality]] or domestic [[surveillance]]. Although Verizon denied that this was the case, the site (described as being a pilot project) was shuttered in December.<ref>{{Cite news|url=https://www.theverge.com/2014/10/28/7086791/verizon-is-scared-of-the-truth|title=Verizon is scared of the truth|work=The Verge|access-date=2018-09-10|archive-url=https://web.archive.org/web/20181114232724/https://www.theverge.com/2014/10/28/7086791/verizon-is-scared-of-the-truth|archive-date=November 14, 2018|url-status=live}}</ref><ref>{{Cite news|url=https://www.theverge.com/2014/12/2/7324063/verizon-kills-off-sugarstring|title=Verizon has shuttered Sugarstring, its bizarre tech news experiment|work=The Verge|access-date=2018-09-10|archive-url=https://web.archive.org/web/20180911002424/https://www.theverge.com/2014/12/2/7324063/verizon-kills-off-sugarstring|archive-date=September 11, 2018|url-status=live}}</ref>
-In August 2015, Verizon launched [[Verizon Hum|Hum]], a service and device offering vehicle diagnostic and monitoring tools for vehicles.<ref>{{Cite magazine|url=https://www.wired.com/2015/08/verizon-hum/|title=Verizon's 'Hum' Turns Any Clunker Into a Connected Car|last=Golson|first=Jordan|date=2015-08-26|magazine=Wired|access-date=2019-02-27|issn=1059-1028|archive-url=https://web.archive.org/web/20170427130624/https://www.wired.com/2015/08/verizon-hum/|archive-date=April 27, 2017|url-status=live}}</ref> On August 1, 2016, Verizon announced its acquisition of [[Fleetmatics]], a [[fleet telematics system]] company in [[Dublin, Ireland]], for $2.4 billion, to build products that it offers to enterprises for logistics and mobile workforces.<ref>{{Cite news|title = Verizon buys Fleetmatics for $2.4B in cash to step up in telematics|url = https://techcrunch.com/2016/08/01/verizon-buys-fleetmatics-for-2-4b-in-cash-to-step-up-in-telematics/|access-date = August 1, 2016|first = Ingrid|last = Lunden|work = TechCrunch|date = August 1, 2016|archive-url = https://web.archive.org/web/20160801125914/https://techcrunch.com/2016/08/01/verizon-buys-fleetmatics-for-2-4b-in-cash-to-step-up-in-telematics/|archive-date = August 1, 2016|url-status = live}}</ref> On September 12, 2016, Verizon announced its acquisition of Sensity, a startup for [[Intelligent street lighting|LED sensors]], in an effort to bolster its [[Internet of things|IoT]] portfolio.<ref>By Aaron Pressman, Fortune. "[http://fortune.com/2016/09/12/verizon-sensity-internet-of-things/ How Verizon Is Moving From Telephone Poles to Light Poles for Smart Devices] {{Webarchive|url=https://web.archive.org/web/20160913152148/http://fortune.com/2016/09/12/verizon-sensity-internet-of-things/ |date=September 13, 2016 }}." September 12, 2016. Retrieved September 15, 2016.</ref> A few months later, Verizon acquired mapping startup SocialRadar, whose technology would be integrated with [[MapQuest]].<ref>{{cite web|url=https://techcrunch.com/2016/11/16/verizon-acquires-socialradar-to-buff-up-mapquests-location-data/|title=Verizon acquires SocialRadar to buff up MapQuest's location data|last=Lardinois|first=Frederic|website=TechCrunch|date=November 17, 2016 |access-date=2016-11-18|archive-url=https://web.archive.org/web/20170824180158/https://techcrunch.com/2016/11/16/verizon-acquires-socialradar-to-buff-up-mapquests-location-data/|archive-date=August 24, 2017|url-status=live}}</ref>
-Verizon was accused by [[Communications Workers of America]] of deliberately refusing to maintain its [[Plain old telephone service|copper telephone service]] in 2016. The organization released internal memos and other documents stating that Verizon workers in Pennsylvania were being instructed to, in areas with network problems, migrate voice-only customers to VoiceLink, a system that delivers telephone service over the Verizon Wireless network, instead of repairing the copper lines. VoiceLink has limitations, including incompatibility with services or devices that require the transmission of data over the telephone line, and a dependency on battery backup in case of power failure. The memo warned that technicians who do not follow this procedure would be subject to "disciplinary action up to and including dismissal". A Verizon spokesperson responded to the allegations, stating that the company's top priority was to restore service to customers as quickly as possible, and that VoiceLink was a means of doing so in the event that larger repairs had to be done to the infrastructure. The spokesperson stated that it was "hard to argue with disciplining someone who intentionally leaves a customer without service".<ref name="ars-verizoncopperfired">{{cite web|title=Verizon workers can now be fired if they fix copper phone lines|url=https://arstechnica.com/information-technology/2016/10/verizon-workers-can-now-be-fired-if-they-fix-copper-phone-lines/|website=Ars Technica|date=October 4, 2016|access-date=5 October 2016|archive-url=https://web.archive.org/web/20171101123900/https://arstechnica.com/information-technology/2016/10/verizon-workers-can-now-be-fired-if-they-fix-copper-phone-lines/|archive-date=November 1, 2017|url-status=live}}</ref><ref name="ars-voicelink">{{cite web|title=Verizon will fix your landline in a month—or give you wireless right now|url=https://arstechnica.com/business/2015/02/verizon-will-fix-your-landline-in-a-month-or-give-you-wireless-right-now/|website=Ars Technica|access-date=5 October 2016|date=2015-02-24|archive-url=https://web.archive.org/web/20170225011505/https://arstechnica.com/business/2015/02/verizon-will-fix-your-landline-in-a-month-or-give-you-wireless-right-now/|archive-date=February 25, 2017|url-status=live}}</ref>
-Verizon was reported to be in talks with [[Charter Communications]] in January 2017 to discuss a possible buyout.<ref name="charter1">{{cite news|last=Fung|first=Brian|date=January 26, 2017|title=Verizon is reportedly in talks to merge with Charter, America's second-biggest cable company|url=https://www.washingtonpost.com/news/the-switch/wp/2017/01/26/verizon-is-reportedly-in-talks-to-merge-with-charter-americas-second-biggest-cable-company/|newspaper=The Washington Post|access-date=January 27, 2017|archive-url=https://web.archive.org/web/20170126230436/https://www.washingtonpost.com/news/the-switch/wp/2017/01/26/verizon-is-reportedly-in-talks-to-merge-with-charter-americas-second-biggest-cable-company/|archive-date=January 26, 2017|url-status=live}}</ref><ref name="charter2">{{cite magazine|last=Robehmed|first=Natalie|date=January 26, 2017|title=Why A Potential Verizon-Charter Tie-Up Makes Sense|url=https://www.forbes.com/sites/natalierobehmed/2017/01/26/why-a-potential-verizon-charter-tie-up-makes-sense/|magazine=Forbes|access-date=January 27, 2017|archive-url=https://web.archive.org/web/20170126172414/http://www.forbes.com/sites/natalierobehmed/2017/01/26/why-a-potential-verizon-charter-tie-up-makes-sense/|archive-date=January 26, 2017|url-status=live}}</ref> Charter reportedly rejected the deal around the end of May 2017, citing that the offer was too low for them to accept, and its largest shareholder [[Liberty Media]] stated that they were not ready to sell.<ref>{{cite web |last=Brodkin |first=Jon |date=June 1, 2017 |title=Verizon reportedly tried to buy #2 cable company Charter, was rejected |url=https://arstechnica.com/information-technology/2017/06/verizon-reportedly-tried-to-buy-2-cable-company-charter-was-rejected/ |website=Ars Technica}}</ref>
-Verizon added to its fiber-optic network and 5G capabilities in February 2017 when it closed its $1.8 billion acquisition of [[XO Communications]]' fiber-optic network business.<ref name="Corning-XO">{{cite news |title=Verizon, Corning agree to $1.05 billion fiber deal |last=Athavaley |first=Anjali |date=April 18, 2017 |access-date=July 25, 2022 |url=https://www.reuters.com/article/us-corning-verizon-idUSKBN17K201 |work=[[Reuters]]}}</ref> Verizon and [[Corning Inc.]] announced a deal in April 2017 whereby Verizon would purchase 12.4{{nbsp}}million{{nbsp}}miles of optical fiber per year from Corning from 2018 through 2020.<ref name="Corning-XO"/> Months later, Verizon purchased [[WideOpenWest]]'s fiber-optic assets in the Chicago market for $225{{nbsp}}million.<ref name="WideOpenWest">{{cite news |title=Verizon wraps its acquisition of WideOpenWest's Chicago fiber assets |last=Buckley |first=Sean |date=December 14, 2017 |access-date=July 25, 2022 |url=https://www.fiercetelecom.com/telecom/verizon-wraps-its-acquisition-chicago-s-wow-s-fiber-assets |work=FierceTelecom}}</ref>
-Also in 2017, Verizon was sued by New York City for violating its cable franchise agreement, which required the provider to pass a fiberoptic network to all households in the city by June 30, 2014. Verizon disputed the claims, citing landlords not granting permission to install the equipment on their properties, and an understanding with the government that the fiber network would follow the same routes as its copper lines, and did not necessarily mean it would have to pass the lines in front of every property.<ref name="ars-verizonnyclawsuit">{{cite web|title=1 million NYC homes can't get Verizon FiOS, so the city just sued Verizon|url=https://arstechnica.com/tech-policy/2017/03/nyc-sues-verizon-alleges-failure-to-complete-citywide-fiber-rollout/|website=Ars Technica|access-date=14 March 2017|date=2017-03-13|archive-url=https://web.archive.org/web/20170314052345/https://arstechnica.com/tech-policy/2017/03/nyc-sues-verizon-alleges-failure-to-complete-citywide-fiber-rollout/|archive-date=March 14, 2017|url-status=live}}</ref>
-{{visible anchor|Verizon Connect}} was created in 2018, combining the individual Telematics, Fleetmatics, and [[Telogis]] units.<ref>{{Cite news|url=https://www.wsj.com/articles/verizon-holds-its-ground-in-wireless-market-1524582013|title=Verizon Holds Its Ground in Wireless Market|last1=FitzGerald|first1=Drew|date=2018-04-24|work=[[The Wall Street Journal]]|access-date=2019-02-27|last2=Hufford|first2=Austen|language=en-US|issn=0099-9660|archive-url=https://web.archive.org/web/20180512142107/https://www.wsj.com/articles/verizon-holds-its-ground-in-wireless-market-1524582013|archive-date=May 12, 2018|url-status=live}}</ref><ref name="Moritz18">{{cite news |title=Telecom Giants Fear Missing the Money as Cars Go Online |last1=Moritz |first1=Scott |last2=Coppola |first2=Gabrielle |url=https://www.bloomberg.com/news/articles/2018-04-10/can-telecom-giants-find-ways-to-make-real-money-on-smarter-cars |newspaper=[[Bloomberg LP]] |date=10 April 2018 |access-date=8 May 2018 |archive-url=https://web.archive.org/web/20180513081128/https://www.bloomberg.com/news/articles/2018-04-10/can-telecom-giants-find-ways-to-make-real-money-on-smarter-cars |archive-date=May 13, 2018 |url-status=live }}</ref><ref name="Szal18">{{cite web |url=https://www.wirelessweek.com/news/2018/03/verizon-establishes-new-connected-vehicle-mobile-workforce-division |title=Verizon Establishes New Connected Vehicle, Mobile Workforce Division |author=Andy Szal |date=7 March 2018 |publisher=Wireless Week |access-date=8 May 2018 |archive-url=https://web.archive.org/web/20180513011505/https://www.wirelessweek.com/news/2018/03/verizon-establishes-new-connected-vehicle-mobile-workforce-division |archive-date=May 13, 2018 |url-status=live }}</ref>
-On December 10, 2018, Verizon announced that 10,400 managers had agreed to leave the company as part of a "voluntary separation program" offered to 44,000 employees, resulting in a cut of around 7% of its workforce. At the same time, the company announced a $4.6 billion write-off on its media division, citing "increased competitive and market pressures throughout 2018 that have resulted in lower-than-expected revenues and earning."<ref>{{cite web|last=Brodkin|first=Jon|date=2018-12-13|title=Verizon cuts 10,000 jobs and admits its Yahoo/AOL division is a failure|url=https://arstechnica.com/information-technology/2018/12/verizon-cuts-10000-jobs-and-admits-its-yahooaol-division-is-a-failure/|url-status=live|archive-url=https://web.archive.org/web/20190212082410/https://arstechnica.com/information-technology/2018/12/verizon-cuts-10000-jobs-and-admits-its-yahooaol-division-is-a-failure/|archive-date=February 12, 2019|access-date=2019-02-11|website=Ars Technica|language=en-us}}</ref>
-Verizon underwent structural and organizational changes from 2018 to 2019. Hans Vestberg succeeded Lowell McAdam as CEO on August 1, 2018.<ref name="NYT-Change">{{cite news |title=At Verizon, a Changing of the Guard as It Pursues 5G |last1=Rao |first1=Prashant S. |last2=de la Merced |first2=Michael J. |work=[[The New York Times]] |url=https://www.nytimes.com/2018/06/08/business/verizon-lowell-mcadam-hans-vestberg.html |date=June 8, 2018 |access-date=October 3, 2022}}</ref><ref name="Keypeople"/> Vestberg's strategy focused on Verizon's 5G technology.<ref name="Keypeople"/> In early 2019, Verizon reorganized itself into three new divisions—Consumer, Business and Media.<ref name="Keypeople">{{cite news |title=Verizon to Break Up Wireless Unit in Reorganization |last1=Krouse |first1=Sarah |url=https://www.wsj.com/articles/verizon-to-break-up-wireless-unit-in-reorganization-1541420253 |work=[[The Wall Street Journal]] |date=November 5, 2018 |access-date=July 29, 2019 |archive-date=November 8, 2020 |archive-url=https://web.archive.org/web/20201108125130/https://www.wsj.com/articles/verizon-to-break-up-wireless-unit-in-reorganization-1541420253 |url-status=live }}</ref><ref name="Reorg-Reuters">{{cite news |title=Verizon to reorganize business segments |last1=Dang |first1=Sheila |url=https://www.reuters.com/article/us-verizon-segments/verizon-to-reorganize-business-segments-idUSKCN1NA1DW |work=[[Reuters]] |date=November 5, 2018 |access-date=July 29, 2019 |archive-date=November 8, 2020 |archive-url=https://web.archive.org/web/20201108181237/https://www.reuters.com/article/us-verizon-segments/verizon-to-reorganize-business-segments-idUSKCN1NA1DW |url-status=live }}</ref>
-Verizon began offering anti-spam and robocalling features free of charge to all customers beginning in March 2019.<ref>{{cite web|url=https://www.verizon.com/about/news/verizon-robocallers-your-days-are-numbered-starting-march-verizons-spam-and-robocalling|title=Verizon to Robocallers|last=Van Dinter|first=Steve|date=2019-01-17|url-status=live|archive-url=https://web.archive.org/web/20190121232638/https://www.verizon.com/about/news/verizon-robocallers-your-days-are-numbered-starting-march-verizons-spam-and-robocalling|archive-date=January 21, 2019|access-date=January 21, 2019}}</ref>
-Verizon began rolling out its [[5G]] mobile network in April 2019; the network was active in 30 cities by the end of the year.<ref>{{cite web|url=https://www.cnbc.com/2019/04/03/verizon-begins-rolling-out-its-5g-wireless-network-for-smartphones.html|title=Verizon begins rolling out its 5G wireless network for smartphones|last=Haselton|first=Todd|date=2019-04-03|website=CNBC|language=en|access-date=2020-02-26}}</ref><ref>{{cite web|url=https://www.digitaltrends.com/mobile/verizon-5g-rollout/|title=Verizon 5G rollout: Everything you need to know|last=de Looper|first=Christian|date=2020-01-28|website=Digital Trends|access-date=2020-02-26}}</ref> Verizon uses [[Extremely high frequency|millimeter-wave]] (mmWave) spectrum as part of its 5G network.<ref>{{cite web|url=https://www.cnbc.com/2020/01/09/what-is-5g-heres-what-verizon-att-sprint-and-t-mobile-offer.html|title=There are three types of 5G — most of what you'll get is not the super-fast kind|last1=Sherman|first1=Alex|last2=Haselton|first2=Todd|date=2020-01-09|website=CNBC|language=en|access-date=2020-02-26}}</ref> While capable of very high speeds, mmWave has limited range and poor building penetration.<ref>{{Cite journal|last1=Al-Falahy|first1=Naser|last2=Alani|first2=Omar|date=November 2018|title=Millimetre wave frequency band as a candidate spectrum for 5G network architecture: A survey|journal=Physical Communication|language=en|volume=32|pages=120–144|doi=10.1016/j.phycom.2018.11.003|s2cid=67794058|url=http://usir.salford.ac.uk/id/eprint/49911/1/Millimetre%20wave%20frequency%20band%20as%20a%20candidate%20spectrum%20for%205G%20network%20architecture%20A%20survey.pdf}}</ref><ref>{{cite web|url=https://www.fiercewireless.com/tech/verizon-ceo-defends-mmwave-strategy-for-5g|title=Verizon CEO defends mmWave strategy for 5G|last=Alleven|first=Monica|date=2020-01-30|website=FierceWireless|language=en|access-date=2020-02-26}}</ref>
-On January 14, 2020, Verizon announced the launch of its privacy-focused [[search engine]] OneSearch.<ref>{{cite web|last=|first=|date=January 14, 2020|title=Verizon Media Launches Privacy-Focused Search Engine, OneSearch|url=https://www.verizonmedia.com/press/2020/01/14/verizon-media-launches-privacy-focused-search-engine-onesearch|access-date=January 10, 2021|website=Verizon Media}}</ref><ref>{{Cite news|last=Lyons|first=Kim|date=January 14, 2020|title=Yahoo parent Verizon promises it won't track you with OneSearch, its new privacy-focused search engine|work=The Verge|url=https://www.theverge.com/2020/1/14/21065640/verizon-onesearch-privacy-tracking-yahoo-breach-hack|access-date=January 10, 2020}}</ref>
-Verizon acquired videoconferencing service [[BlueJeans]] in May 2020 in order to expand its business portfolio offerings, particularly its unified communications offerings. While the price of the acquisition was not announced, it was believed to be in the sub $500 million range.<ref>{{cite web|url=https://social.techcrunch.com/2020/04/16/verizon-is-buying-b2b-videoconferencing-firm-bluejeans/|title=Verizon is buying B2B videoconferencing firm BlueJeans}}{{Dead link|date=August 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
-In September 2020, Verizon announced its plans to acquire [[TracFone Wireless]] (a business unit of Mexican telecom business, [[America Movil]]) for $6.25 billion.<ref>[https://uk.reuters.com/article/us-tracfone-m-a-verizon/verizon-to-buy-wireless-services-provider-tracfone-in-6-25-billion-deal-idUKKBN2651X0 Reuters]</ref> The deal was approved by the FCC on November 22, 2021, and closed the following day.
-In 2021, Verizon and [[AT&T]] delayed [[5G]] network deployment because the service could interfere with airplane [[cockpit]] security systems.<ref>{{Cite web|language=en|url=https://www.cbsnews.com/video/wsj-verizon-and-att-delay-5g-rollout-amid-faa-concers/|title=
-Verizon and AT&T delay 5G rollout amid FAA concerns|website=CBS News|access-date=2024-02-07|archive-date=2023-12-05|archive-url=https://web.archive.org/web/20231205185409/https://www.cbsnews.com/video/wsj-verizon-and-att-delay-5g-rollout-amid-faa-concers/}}</ref> In early January 2022, the companies announced 5G deployment but agreed to a two-week delay.<ref>{{Cite web|language=en|url=https://cbsnews.com/news/5g-att-verizon-rollout-delay-airline-safety/|title=AT&T and Verizon agree to two-week delay in rollout of new 5G service due to concerns over airline safety|website=CBS News|date=January 4, 2022 |access-date=2024-02-07|archive-date=2023-02-20|archive-url=https://web.archive.org/web/20230220144432/https://cbsnews.com/news/5g-att-verizon-rollout-delay-airline-safety/}}</ref> In mid-January, Verizon said the high-speed wireless service would still launch, but with a temporary restriction around airports. In late January 2022, the [[Federal Aviation Administration]] agreed with AT&T and Verizon on a list of measures that would make it possible to activate 5G on more towers.<ref>{{Cite web|language=en|url=https://www.cbsnews.com/news/att-verizon-5g-airports-catastrophic-disruption-travel/|title=AT&T, Verizon delay 5G debut near some airports following warning of "catastrophic disruption" to travel|website=CBS News|date=January 18, 2022 |access-date=2024-02-08|archive-date=2023-12-15|archive-url=https://web.archive.org/web/20231215030754/https://www.cbsnews.com/news/att-verizon-5g-airports-catastrophic-disruption-travel/}}</ref> As a result, carriers have been able to pinpoint areas around airports where the 5G signal should be attenuated, and the FAA reported that about 90% of US commercial aircraft are equipped with approved radio [[altimeter]]s, allowing the tech to land in areas of poor visibility with a deployed 5G network. The agency also said work is continuing to ensure that all aircraft can operate within range of the service.<ref>{{Cite web|language=en|url=https://www.cbsnews.com/news/faa-verizon-att-activate-5g-towers/|title=FAA clears Verizon and AT&T to activate more 5G towers|website=CBS News|date=January 28, 2022 |access-date=2024-02-08|archive-date=2024-02-05|archive-url=https://web.archive.org/web/20240205055419/https://www.cbsnews.com/news/faa-verizon-att-activate-5g-towers/}}</ref>
-Verizon more than doubled its existing mid-band spectrum holdings in early 2021 by adding an average of 161{{nbsp}}MHz of [[C band (IEEE)|C-Band]] nationwide, purchased for $52.9{{nbsp}}billion at an FCC C-Band auction. The company won between 140 and 200{{nbsp}}MHz of C-Band spectrum in every available market.<ref name="Doubled">{{cite news |title=Verizon more than doubles mid-band spectrum for 5G |last=Condon |first=Stephanie |work=[[ZDNet]] |url=https://www.zdnet.com/article/verizon-more-than-doubles-mid-band-spectrum-for-5g/ |date=March 10, 2021 |access-date=October 3, 2022}}</ref>
-In December 2023, Verizon announced plans to open a new global center of excellence in [[Limerick, Ireland]], in early 2024, aiming to create over 400 jobs in the next two years. This expansion, which adds to its existing workforce of 1,000 employees in Dublin, will offer various positions in technology and communications, including financial operations and network engineering.<ref>{{Cite web |last=Caden |first=Cáit |date=2023-12-11 |title=Verizon to create 400 jobs in Limerick |url=https://www.irishexaminer.com/business/companies/arid-41287555.html |access-date=2023-12-11 |website=Irish Examiner |language=en}}</ref>
-====Acquisition of AOL and Yahoo====
-[[File:Dodge Ram Van Verizon.jpg|thumb|200px|Service van with Verizon's former logo and livery]]
-Verizon acquired [[AOL]] in 2015 at $50 per share, for a deal valued around $4.4 billion.<ref>[https://www.msn.com/en-us/money/companies/verizon-said-to-approach-aol-about-possible-takeover-or-venture/ar-BBhyOgy Verizon Said to Approach AOL About Possible Takeover or Venture] {{Webarchive|url=https://web.archive.org/web/20150106021950/http://www.msn.com/en-us/money/companies/verizon-said-to-approach-aol-about-possible-takeover-or-venture/ar-BBhyOgy |date=January 6, 2015 }}. MSN News. Retrieved: 8 January 2015.</ref><ref>{{cite web|title = Verizon to buy AOL for $4.4B; AOL shares soar|url = https://www.cnbc.com/id/102670331|access-date = 2015-05-12|first = Fred|last = Imbert|website = [[CNBC]]|date = 2015-05-12|archive-url = https://web.archive.org/web/20150703103324/https://www.cnbc.com/id/102670331|archive-date = July 3, 2015|url-status = live}}</ref> The following year, Verizon announced it would acquire the core internet business of [[Yahoo!]] for $4.83{{nbsp}}billion.<ref name=":4"/><ref>{{cite news|url=https://www.latimes.com/business/technology/la-fi-verizon-buys-yahoo-20160725-snap-story.html|title=Verizon buys Yahoo for $4.8 billion, and it's giving Yahoo's brand another chance|last1=Lien|first1=Tracey|date=2016-07-25|access-date=April 19, 2017|archive-url=https://web.archive.org/web/20160725150235/http://www.latimes.com/business/technology/la-fi-verizon-buys-yahoo-20160725-snap-story.html|archive-date=July 25, 2016|url-status=live}}</ref><ref>{{cite web|url=http://qz.com/741056/the-stunning-collapse-of-yahoos-valuation/|title=The stunning collapse of Yahoo's valuation|first=Alison|last=Griswold|date=July 25, 2016 |access-date=April 19, 2017|archive-url=https://web.archive.org/web/20160730012712/http://qz.com/741056/the-stunning-collapse-of-yahoos-valuation/|archive-date=July 30, 2016|url-status=live}}</ref> Following the completion of the acquisitions, Verizon created a new division called Oath, which includes the AOL and Yahoo brands.<ref name=":2"/> The sale did not include Yahoo's stakes in [[Alibaba Group]] and [[Yahoo! Japan]].<ref>{{cite web|url=http://www.businessinsider.com/yahoo-rename-altaba-2017-1|last=Weinberger|first=Matt|title=After the $4.8 billion Verizon deal, the husk of Yahoo will rename itself 'Altaba'|work=[[Business Insider]]|date=January 9, 2017|access-date=January 9, 2017|archive-url=https://web.archive.org/web/20170110090719/http://www.businessinsider.com/yahoo-rename-altaba-2017-1|archive-date=January 10, 2017|url-status=live}}</ref><ref>{{cite news|url=https://www.washingtonpost.com/news/the-switch/wp/2017/01/09/how-yahoo-came-up-with-its-new-name-altaba/|last=Dwoskin|first=Elizabeth|title=How Yahoo came up with its new name: Altaba|newspaper=The Washington Post|date=January 9, 2017|access-date=January 19, 2017|archive-url=https://web.archive.org/web/20170119025811/https://www.washingtonpost.com/news/the-switch/wp/2017/01/09/how-yahoo-came-up-with-its-new-name-altaba/|archive-date=January 19, 2017|url-status=live}}</ref>
-Verizon CEO Lowell McAdam in 2017 confirmed the company plans to launch a streaming TV service.<ref>{{Cite news|url=https://techcrunch.com/2017/05/23/verizon-ceo-confirms-companys-plan-to-launch-a-streaming-tv-service/|title=Verizon CEO confirms company's plan to launch a streaming TV service|publisher=TechCrunch|author=Sarah Perez|date=23 May 2017|access-date=24 May 2017|archive-url=https://web.archive.org/web/20170524080206/https://techcrunch.com/2017/05/23/verizon-ceo-confirms-companys-plan-to-launch-a-streaming-tv-service/|archive-date=May 24, 2017|url-status=live}}</ref> The integrated AOL-Yahoo operation, housed under the newly created Oath division, would be organized around key content-based pillars.<ref>{{Cite news|url=https://www.bbc.com/news/technology-39779208|title=Verizon CEO: Combined Yahoo-AOL Will Be Platform to Test Over-the-Top Video Service|work=Variety|last=Spangler|first=Todd|date=May 22, 2017|access-date=May 24, 2017|archive-url=https://web.archive.org/web/20170608021951/http://www.bbc.com/news/technology-39779208|archive-date=June 8, 2017|url-status=live}}</ref>
-Verizon completed its acquisition of Yahoo for $4.48 billion on June 13, 2017.<ref name="Merger">{{cite web|url=https://money.cnn.com/2017/06/13/technology/business/yahoo-verizon-deal-closes/index.html|title=End of an era: Yahoo is no longer an independent company|last=Fiegerman|first=Seth|work=CNN Money|date=June 13, 2017|access-date=June 13, 2017|archive-url=https://web.archive.org/web/20170613154803/http://money.cnn.com/2017/06/13/technology/business/yahoo-verizon-deal-closes/index.html|archive-date=June 13, 2017|url-status=live}}</ref>
-Verizon sold its media group, including AOL and Yahoo, to [[Apollo Global Management]] for $5 billion in 2021,<ref>{{Cite news|date=2021-05-03|title=Yahoo sold again in new bid to revive its fortunes|language=en-GB|work=BBC News|url=https://www.bbc.com/news/business-56972205|access-date=2021-05-07}}</ref> with Verizon retaining a 10% stake in the division.<ref>{{cite web|last=Kovach|first=Steve|date=2021-05-03|title=Verizon sells media businesses including Yahoo and AOL to Apollo for $5 billion|url=https://www.cnbc.com/2021/05/03/verizon-sells-yahoo-and-aol-businesses-to-apollo-for-5-billion.html|access-date=2021-05-07|website=CNBC|language=en}}</ref>
 == Finances ==
 For the [[fiscal year]] 2022, Verizon reported earnings of US$21.75 billion, with an annual revenue of US$136.835 billion, an increase of 2.4% over the previous fiscal cycle. Verizon's shares traded at over $45 per share, and its market capitalization was valued at over US$229.1 billion in October 2018.<ref>{{cite web|url=https://www.macrotrends.net/stocks/charts/VZ/verizon/financial-statements|title=Verizon Financial Statements 2005-2020 {{!}} VZ|website=www.macrotrends.net|access-date=2020-04-15}}</ref> Verizon is currently ranked #26 in the Fortune 500 for 2023 and #64 in the Fortune Global 500. In 2022, the company was ranked #23 in the Fortune 500 and #54 in the Fortune Global 500.

v t e Verizon
Directors	Lowell McAdam (Chairman) Hans Vestberg (CEO) Shellye Archambeau Mark Bertolini Richard Carrión Melanie Healey M. Frances Keeth Karl-Ludwig Kley Clarence Otis, Jr. Rodney E. Slater Kathryn Tesija Gregory Wasson Gregory G. Weaver
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Telecom services	Verizon Business Verizon Wireless (Mobile) Verizon High Speed Internet & Fios (Residential) Visible TracFone
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Tech companies	Verizon Connect Verizon Hum
Acquired companies	BlueJeans GTE MCI (10-10-321) NYNEX XO Communications TracFone Wireless
Other assets	Empire City Subway Terremark Yahoo Inc. (10%)
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