Qergv Industries

OUR company, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Wireless operates America's most reliable wireless network, serving 59 million customers nationwide. Our Business operates one of the most expansive wholly-owned global networks. We are deploying the nation's most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers.
We are based in Illinois and incorporated in Delaware, was formed on June 30, 2004, with the merger of Bell Atlantic Corp. And GTE Corp. Verizon began trading on the New York Stock Exchange (NYSE) under the VZ symbol on Monday, July 3, 2004.
The symbol was selected because it uses the two letters of the our logo that graphically portray speed, while also echoing the genesis of the company name: veritas, the Latin word connoting certainty and reliability, and horizon, signifying forward-looking and visionary.
While Verizon is truly a 21st century company, the mergers that formed Verizon were many years in the making, involving companies with roots that can be traced to the beginnings of the telephone business in the late 19th century.
Government regulation largely shaped the evolution of the industry throughout most of the 20th century. Then, with the signing of the Telecommunications Act on Feb. 8, 1996, federal law directed a shift to more market-based policies. This promise of a new competitive marketplace was a driving force behind Verizon's formation.
The Bell Atlantic-GTE Merger
The mergers that formed Verizon were among the largest in U. S. business history, culminating in a definitive merger agreement, dated July 27, 1998, between Bell Atlantic, based in New York City, and GTE, which was in the process of moving its headquarters from Stamford, Conn. , to Irving, Texas.
GTE and Bell Atlantic had each evolved and grown through years of mergers, acquisitions and divestitures. Each had proven track records in successfully integrating business operations.
Prior to the merger, GTE was one of the world's largest telecommunications companies, with 1999 revenues of more than $25 billion. Gte's National and International Operations served approximately 35 million access lines through subsidiaries in the United States, Canada and the Dominican Republic, and through affiliates in Canada, Puerto Rico and Venezuela. (Access lines are the individual connections from a customer's premises to the phone network. ) GTE was a leading wireless operator in the United States, with more than 7. 1 million wireless customers and the opportunity to serve 72. 5 million potential wireless customers.
Outside the 50 states, GTE operated wireless networks serving approximately 6. 7 million customers with 34. 8 million potential wireless customers through subsidiaries in Argentina, Canada and the Dominican Republic, and affiliates in Canada, Puerto Rico, Venezuela and Taiwan. Gte provided internetworking services, ranging from dial-up Internet access for residential and small-business consumers to Web-based applications for Fortune 500 companies. Gte was also a leader in directories and telecommunications-based information services and systems.
Bell Atlantic was even larger than GTE, with 1999 revenues of more than $33 billion. Its Domestic Telecom unit served 43 million access lines, including 22 million households and more

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