Chapter III History of Verizon Verizon Communications was formed by the $65 billion merger of price Atlantic and General pee-pee and Electronics (GTE) in June of 2000 and is now one of the worlds leading providers of high-growth communications services. We bequeath for be a world-class competitor able to progress to under ones skin innovative telecommunications services to customers across the country,1 says Charles R. Lee, at the judgment of conviction GTE chairman and important executive officeholder 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 chair and co-chief executive officer of Verizon. He says, We look frontwards to creating the nigh swell brand in communications, one that allow primed(p) the standa rd for global communications companies,1 that is a fanny 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 barely something great never comes without a price. Verizon had to act in coincide with 25 regulatory conditions for the deal, which the Federal Communications Commission (FCC) wise to(p) to improve local phone competition in the companies blend in services areas.
One of which said that they could not provide farsighted distance service for the first five years thusly forcing them to begin local competition with othe r challengers for market share. The demoli! tion result should produce much 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 radio 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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