History of Verizon Communications
What eventually became Verizon was founded as Bell Atlantic, which was one of the seven “Baby Bells” that were formed after AT&T Corporation was forced to relinquish its control of the Bell System by order of the Justice Department of the United States. Bell Atlantic came into existence in 1984. Verizon Communications was formed in June of 2000 after the FCC approved the $64.7 billion merger of the telephone companies Bell Atlantic and GTE, 2 years after the deal was proposed in 1998. The venture was headed by co-CEOs Charles Lee and Ivan Seidenberg, formally the CEOs of GTE and Bell Atlantic, respectively. Upon Verizon’s inception, it became the largest local telephone company in the United States, operating
What eventually became Verizon was founded as Bell Atlantic, which was one of the seven “Baby Bells” that were formed after AT&T Corporation was forced to relinquish its control of the Bell System by order of the Justice Department of the United States. Bell Atlantic came into existence in 1984. Verizon Communications was formed in June of 2000 after the FCC approved the $64.7 billion merger of the telephone companies Bell Atlantic and GTE, 2 years after the deal was proposed in 1998. The venture was headed by co-CEOs Charles Lee and Ivan Seidenberg, formally the CEOs of GTE and Bell Atlantic, respectively. Upon Verizon’s inception, it became the largest local telephone company in the United States, operating