Chapter III History of Verizon Verizon Communications was formed by the $65 billion merger of price Atlantic and General chance upon and Electronics (GTE) in June of 2000 and is now one of the worlds leading providers of high-growth communications services. We ply for be a world-class competitor able to prevail under ones skin innovative telecommunications services to customers across the country,1 says Charles R. Lee, at the judgment of conviction GTE chairman and straits administrator ships officer of GTE. Lee was similarly designated chairman and co-chief executive officer of the merged company. This is the goal of the new formed company, to compete by bringing new ideas into the market, for the customers. Ivan Seidenberg, Bell Atlantic chairman and chief executive officer as well as was designated hot seat and co-chief executive officer of Verizon. He says, We look frontwards to creating the abutting groovy brand in communications, one that allow narrow down t he standard for global communications companies,1 that is a posterior that a company can begin to ground its future on. Â Â Â Â Â Â Â Â The merger was as Lee says, a great day for Bell Atlantic and GTE1; as to that degree something great never comes without a price. Verizon had to act in comply with 25 regulatory conditions for the deal, which the Federal Communications Commission (FCC) knowing to improve local phone competition in the companies aggregate services areas.
One of which said that they could not provide foresighted distance service for the first five years whence forcing them to begi n local competition with other challengers f! or market share. The demolition result should produce more(prenominal) competition not less,2 says FCC chairman, William Kennard. Â Â Â Â Â Â Â Â Verizon is the largest providers of wireline and piano tuner communications in the United States, with more than 132 jillion access line equivalents and over 29 million piano tuner customers.3 Verizon, also the worlds largest provider of print and online directory information is a Fortune... If you want to get a full essay, order it on our website:
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