Verizon Communications

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Verizon Communications Inc.

logo
legal form Incorporated
ISIN US92343V1044
founding June 30, 2000
Seat New York City , New York United States
United StatesUnited States 
management Hans Vestberg (Chairman and CEO )
Number of employees 135,400
sales $ 131.9 billion
Branch telecommunications
Website www.verizon.com
As of December 31, 2019

Logo 2000 to 2015

The Verizon Communications Inc. ( Listen ? / I ) [ və.ɹaɪ.zən ], or shortly Verizon is an American telecommunications company headquartered in New York City . The German subsidiary Verizon Deutschland GmbH is based in Dortmund . Audio file / audio sample

history

Verizon was incorporated on June 30, 2000 and is incorporated in Delaware as a result of the merger of Bell Atlantic Corporation and GTE Corporation (formerly General Telephone & Electronics Corporation). Verizon began trading on the Stock Exchange New York Stock Exchange (NYSE) under the symbol VZ July 3, 2000th

During the merger of GTE and Bell Atlantic, the corporations had to outsource the large Internet telecommunications network of GTE Genuity Inc. as an independent company on the instructions of the competition watchdog in Washington. Genuity was a former division of BBN Technologies that built the very first components of the network that would later become ARPAnet and thus the basis of the Internet . In 2003 it was taken over by Level 3 Communications .

Verizon Wireless , which emerged as a joint venture between Verizon and Vodafone , is now the largest wireless operator in the United States. Headquarters is the former AT&T headquarters in Basking Ridge , New Jersey . Verizon Communications holds the majority in Verizon Wireless.

Verizon has 2005 MCI Worldcom Group for 6.75 billion dollars (5.2 billion euros bought).

Under the name Verizon Business , Verizon offers services in Europe exclusively for business customers and government agencies.

In mid-2015, Verizon took over AOL , two years later the core business of Yahoo . In June 2017, the merger of Yahoo! and AOL to form the new umbrella brand Oath ( Verizon Media from January 2019 ).

Business figures

Business and employee development (respective fiscal year)
year Sales
in billions of US $ 		Balance sheet profit
in billion US $ 		Employees
2005 69.518 7.397
2006 88.182 6,197
2007 93.469 5.521
2008 97.354 -2.193
2009 107.808 4.894
2010 106.565 2.549
2011 110.875 2.404
2012 115.846 0.875
2013 120.550 11.497 176,800
2014 127.079 9.625 177,300
2015 131.620 17,879 177,700
2016 125.980 13.127 160,900
2017 126.034 30.101 155,400
2018 130.863 15,528 144,500

criticism

On November 21, 2008, the news channel CNN reported that employees of the wireless service provider Verizon Wireless had secretly gained access to the cellular data of the then President- elect Barack Obama over the past few months . The records with telephone number and time of calls made by Obama were spied on.

Edward Snowden's revelations about global total surveillance by the US National Security Agency (NSA) and its partners began on June 13th , 2013 with the announcement that the US government routinely requires Verizon to provide all connection data. It became known that Verizon - and other telecommunications companies - also help with surveillance and are internally traded as the "crown jewels" by the British secret service GCHQ . On the one hand, the companies are legally obliged to cooperate, but there are also financial compensation. Verizon - internally managed as "Stormbrew" - received more than 46 million US dollars from the NSA in 2013.

On June 24, 2014 it was announced that Verizon was acting as an internet provider for the German Bundestag . The Bundestag's cooperation with Verizon only became known when the journalist Daniel Lücking made corresponding allegations in a blog article and asked the American NSA whistleblower Thomas Drake for an assessment. Verizon did not want to comment on the business relationship with the German Bundestag. On June 26, 2014, the Federal Ministry of the Interior announced that it would end the contract with Verizon for Internet supply. The reason is the "relationships of foreign intelligence services and companies shown in the course of the NSA affair". Also on June 26th, the Council of Elders of the German Bundestag announced that it would end its cooperation with Verizon.

Network structure

Verizon operates the two intra-European submarine cables Ulysses 1 and Ulysses 2 . The fiber optic cables connect IJmuiden in the Netherlands with Lowestoft in Great Britain and Calais in France with Dover in Great Britain .

See also

Web links

Individual evidence

  1. ↑ Leadership , Retrieved April 3, 2019
  2. ↑ a b Annual Report 2019, December 31, 2019, accessed April 20, 2020 .
  3. ↑ History & Timeline. Verizon Communications Inc., accessed May 12, 2015 .
  4. ↑ New US telecommunications giant perfect , heise.de from July 1, 2000
  5. ^ Level 3's Acquisition of Genuity Earns Court Approval . January 27, 2003. Archived from the original on July 28, 2013. Retrieved January 3, 2013.
  6. ↑ Verizon completes MCI acquisition for $ 8.5 billion dpa-AFX. January 6, 2006, accessed May 12, 2015 .
  7. ↑ Verizon buys AOL. In: Heise Newsticker . May 12, 2015, accessed May 12, 2015 .
  8. ↑ Internet companies: Verizon swallows Yahoo . In: Frankfurter Allgemeine Zeitung . July 25, 2016, ISSN  0174-4909 ( faz.net [accessed August 19, 2017]).
  9. ↑ Verizon: Acquisition of Yahoo web business completed . ( handelsblatt.com [accessed August 19, 2017]).
  10. ↑ Jens Minor: The End of the Internet Pioneer. In: GoogleWatchBlog.de. GoogleWatchBlog, April 1, 2017, accessed April 11, 2017 .
  11. ↑ Verizon merges AOL and Yahoo to form Oath. In: basictutorials.de. Basic Tutorials, April 11, 2017, accessed April 11, 2017 .
  12. ↑ Verizon Financial Statements 2005-2018 | VZ. Retrieved October 22, 2018 .
  13. ↑ Company profile . Retrieved October 22, 2018 .
  14. ↑ Björn Greif: Data protection glitch: Obama's cell phone data spied on. In: zdnet.de. November 21, 2008, accessed May 12, 2015 .
  15. ↑ Glenn Greenwald : NSA collecting phone records of millions of Verizon customers daily , The Guardian, June 6, 2013
  16. ↑ NSA collects telephone data from millions of US citizens , heise.de from June 6, 2013
  17. ↑ NSA pays hundreds of millions of dollars to provider , heise.de from August 30, 2013
  18. ↑ Andre Meister: Ease of work for the NSA: German Bundestag receives Internet from US provider Verizon. In: netzpolitik.org. June 24, 2014, accessed May 12, 2015 .
  19. ↑ Daniel Lücking: "Warning - Please do not have sex in front of the cell phone camera": The future of data protection? In: Huffington Post . Retrieved May 12, 2015 .
  20. ↑ Pascal Paukner: Data security Controversial US provider operates the Internet in the Bundestag. In: Süddeutsche Zeitung. June 25, 2014, accessed May 12, 2015 .
  21. ↑ Federal government changes network operator , Federal Ministry of the Interior from June 26, 2014
  22. ↑ Jörg Thoma: Member of the Bundestag: IP addresses come from Verizon. In: golem.de. June 24, 2014, accessed May 12, 2015 .
  23. ↑ Pascal Paukner: Internet infrastructure Bundestag and government throw Verizon out. In: Süddeutsche Zeitung. June 26, 2014, accessed May 12, 2015 .
  24. ↑ Frederik Obermaier: Edward Snowden reveals names of spying Internet companies . In: Süddeutsche Zeitung . August 2, 2013. Archived from the original on August 30, 2013. Retrieved on August 30, 2013.