Verizon Communications Inc. is a global broadband and telecommunications company and a component of the Dow Jones Industrial Average. It started in 1983 as Bell Atlantic with a footprint covering New Jersey to Virginia and NYNEX with a footprint spanning from New York to Maine that emerged as part of the 1984 AT&T breakup into seven "Baby Bells." Prior to its transformation into Verizon, Bell Atlantic merged with Regional Bell Operating Company, NYNEX, in 1997. The name Verizon is a portmanteau of veritas and horizon, and its pronunciation rhymes with horizon. The company's headquarters are located in the Verizon Building at 140 West Street in Lower Manhattan, New York City.
Verizon currently has 140.3 million land lines in service. With the MCI merger, it has more than 250,000 employees. Verizon serves customers throughout much of the United States.
Verizon also owns stakes in some international communications companies, most notably 23.14% of Vodafone Italy, and owned 50% of Gibtelecom from 1990 to 2007.
Verizon has P/E Ratio 238.83, Indicated Annual Dividend 1.95, Beta Coefficient 0.68, Earnings per Share 0.16 and Shares Outstanding 2,826,780,000 on January 6,2011.
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