76 Facts About Verizon


Verizon Communications Inc, commonly known as Verizon, is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average.

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Verizon is headquartered at 1095 Avenue of the Americas in Midtown Manhattan, New York City, but is incorporated in Delaware.

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The other two, like Verizon, exist as a result of mergers among fellow former Baby Bell members.

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Verizon became the largest local telephone company in the United States, operating 63 million telephone lines in 40 states.

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Additionally, Verizon offered internet services and long-distance calling in New York, before expanding long-distance operations to other states.

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Name Verizon derives from the combination of the words, Latin for truth, and horizon.

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Verizon Wireless merged Bell Atlantic's wireless network, Vodafone's AirTouch and PrimeCo holdings, and the wireless division of GTE.

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Verizon launched 3G service in 2002, which doubled the Internet speed of the time to 144kb per second.

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In June 2003, Verizon Wireless backed an FCC-issued portability requirement that permitted consumers to take their phone numbers with them across carriers.

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In 2004, Verizon launched its Fios Internet service, which transmits data over fiber optic cables, in Keller, Texas.

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In 2005, Verizon launched VCast, a multimedia service that allowed people to download apps, music, ringtones, and videos.

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In 2005, Verizon began negotiations to purchase long-distance carrier MCI, who accepted the company's initial $6.

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In 2007, Verizon stated that it fulfilled only "lawful demands" for information, but acknowledged surrendering customer information to government agencies without court orders or warrants 720 times between 2005 and 2007.

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In February 2007, Verizon added a new service to V Cast called V Cast Mobile TV, which took advantage of Verizon's multiple cellular technologies allowing people with high-end devices to watch TV on their device.

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In March 2007, Verizon won a lawsuit against Vonage for patent infringement.

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Verizon was awarded US$58 million in damages and future royalties.

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In May 2007, Verizon acquired Cybertrust, a privately held provider of global information security services.

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In September 2007, Verizon Wireless reversed a controversial decision to deny NARAL Pro-Choice America a short code through which the organization could text consumers who had signed up for messaging from the group.

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Verizon initially refused the group access to a code by reserving the right to block "controversial or unsavory" messages.

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In November 2007, Verizon opened its networks to third party apps and devices for the first time, a decision that allowed it to participate in the FCC's 2008 700 MHz auction of "open access" spectrum.

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Verizon stated the overcharges were accidental and only amounted to a few dollars per customer.

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In December 2010, Verizon introduced its 4G LTE network in 38 markets, as well as airports in seven additional cities.

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Verizon planned on a three-year continuous expansion of the 4G service.

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Between 2005 and 2010, Verizon divested wireline operations in several states in order to focus on its wireless, Fios internet and Fios TV businesses.

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In 2016, Verizon sold its wireline operations in Texas, Florida, and California to Frontier.

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On January 27, 2011, Verizon acquired Terremark, an information technology services company, for $1.

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In June 2012, Verizon purchased Hughes Telematics, a producer of wireless features for automobiles, for $612 million as part of its strategy to expand into new growth areas in its wireless business.

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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, although the FCC indicated that Verizon still needed to make additional improvements.

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In July 2012, the FCC ruled that Verizon must stop charging users an added fee for using 4G smartphones and tablets as Wi-Fi hotspots.

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Verizon had been charging its customers, even those with "unlimited" plans, $20 per month for tethering.

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Verizon began expanding its LTE network utilizing these extra airwaves in October 2013.

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In December 2012, Verizon officially shut down V Cast and all of its components.

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On June 5, 2013, The Guardian reported it had obtained an order by the Federal Bureau of Investigation and approved by the United States Foreign Intelligence Surveillance Court that required Verizon to provide the NSA with telephone metadata for all calls originating in the U S Verizon Wireless was not part of the NSA data collection for wireless accounts due to foreign ownership issues.

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On January 22, 2014, 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.

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In total, Verizon received 321, 545 requests from federal, state and local law enforcement for U S customer information.

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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.

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In late October 2014, Verizon Wireless launched the technology news website SugarString.

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On September 12, 2016, Verizon announced its acquisition of Sensity, a startup for LED sensors, in an effort to bolster its IoT portfolio.

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In October 2016, Verizon was accused by Communications Workers of America of deliberately refusing to maintain its copper telephone service.

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In November 2016, Verizon acquired mapping startup SocialRadar, whose technology would be integrated with MapQuest.

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In 2017, Verizon partnered with Alley to develop a number of coworking spaces under the name "Alley powered by Verizon".

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On March 13, 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.

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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.

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On January 17, 2019, Verizon announced that it would offer anti-spam and robocalling features free of charge to all customers beginning in March.

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Unlike other U S carriers, Verizon only uses millimeter-wave spectrum for its 5G network.

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On January 14, 2020, Verizon announced the launch of its privacy-focused search engine OneSearch.

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On May 15, 2020, Verizon acquired videoconferencing service BlueJeans in order to expand its business portfolio offerings, particularly its unified communications offerings.

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In September 2020, Verizon announced its plans to acquire TracFone Wireless for $6.

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In October 2020, Verizon collaborated with Apple to bring 5G connectivity to Apple's iPhone 12 lineup.

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On May 12, 2015, Verizon announced it would acquire AOL at $50 per share, for a deal valued around $4.

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On March 16, 2017, Verizon announced it would discontinue the e-mail services provided for its internet subscribers and migrate them to AOL Mail.

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Verizon's shares traded at over $45 per share, and its market capitalization was valued at over US$229.

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For more than 20 years, Verizon has been in the top 20 in the Fortune 500 listings of corporations in the United States by total revenue.

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

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In 2011, Marcarelli parted ways with Verizon, and is a spokesperson for Sprint.

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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.

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In January 2013, Verizon launched the "Powerful Answers" campaign, designed by agency McGarryBowen.

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In June 2014, Verizon launched the "Inspire Her Mind" campaign, created by agency AKQA.

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

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Verizon aimed for the ads to showcase to consumers and investors its diversification of revenue sources and technology beyond smartphones.

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Verizon Foundation is the philanthropic arm of Verizon Communications, which donates about $70 million per year to nonprofit organizations, with a focus on education, domestic violence prevention, and energy management.

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The increased capacity would make Verizon the leading solar power producer among U S communications companies.

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On February 5, 2019, Verizon first entered the green bond market with an issue of $1 billion.

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Verizon has admitted to throttling content of its competitors including Netflix and YouTube.

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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.

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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.

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Verizon has a one-star privacy rating from the Electronic Frontier Foundation.

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

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In January 2007, Verizon secured exclusive marketing and promotional rights with the National Hockey League.

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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.

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Verizon sponsored a race in the 2021 NASCAR Cup Series season, the Verizon 200 at the Brickyard at Indianapolis Motor Speedway.

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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.

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In June 2013, Verizon announced a four-year extension with the NFL in a deal reportedly valued at $1 billion.

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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.

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Verizon was 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, Maryland Heights, Missouri, Selma, Texas, and Alpharetta, Georgia.

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Verizon is a former sponsor of the Capital One Arena in Washington, DC.

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