Chapter III History of Verizon Verizon Communications was formed by the $65 billion merger of price Atlantic and General secern and Electronics (GTE) in June of 2000 and is now one of the worlds leading providers of high-growth communications services. We abandon for be a world-class competitor able to dispirit under ones skin innovative telecommunications services to customers across the country,1 says Charles R. Lee, at the judgment of conviction GTE chairman and honcho executive director 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 chairman and co-chief executive officer of Verizon. He says, We look frontwards to creating the close swell brand in communications, one that allow point the sta ndard for global communications companies,1 that is a basis 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 until now something great never comes without a price. Verizon had to act in fancy with 25 regulatory conditions for the deal, which the Federal Communications Commission (FCC) well-read to improve local phone competition in the companies concur services areas.
One of which said that they could not provide keen-sighted distance service for the first five years thus forcing them to begin local competitio n with other challengers for market share. T! he death 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 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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