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Verizon: Verizon Communications
built 238 days ago
The Verizon Building is a 32-story Art Deco building in New York City, located in Lower Manhattan. It is named for Verizon Communications, for which it is the headquarters. The building is located at 140 West Street, adjacent to the World Trade Center site and 7 World Trade Center, and is bounded by Barclay, Washington, and Vesey Streets. The building experienced major damage in the September 11, 2001 attacks. Its thick masonry exterior and use of masonry to protect steel columns and structural elements helped the building withstand the attacks. Restoration of the building after the attacks took three years, at a cost of $1.4 billion.
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Verizon is the only major telecom company building fiber all the way to customers' homes on a mass scale. The company is the first and only major communications and entertainment provider to be certified by the independent Fiber to the Home Council as providing customers with 100 percent fiber-optic service. Studies show that homeowners recognize that an all-fiber connection can increase the market value of their homes. For example, an independent survey of owners of homes with fiber connections, recently conducted by RVA Render, Vanderslice & Associates, shows that the owners estimate their homes are worth an average of $4,318 more when served by fiber optics all the way to the home.
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The Verizon Building has five sub-basement levels, which house communications equipment. The building remained in use by Verizon as a main telecommunications switching center in Lower Manhattan, handling approximately 200,000 phone lines and 3.6 million data circuits prior to 9/11.[8]
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Both Verizon and leaders of its two major unions, the Communications Workers of America and the International Brotherhood of Electrical Workers, said they hope to avoid a strike after the Aug. 2 contract expiration. But Verizon has begun canvassing retirees seeking potential volunteers to come back to work in August, and some union locals have already printed up ''Strike 2003'' T-shirts. Some union members suspect Verizon executives want to provoke a strike as a real-world test of how many employees it actually needs to run its 57 million-line network, so it can figure out how many of its 230,000 jobs it could eliminate over time.
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NEW YORK, March 30 /PRNewswire/ -- Verizon Communications Inc. today closed on the sale of its interest in Telecomunicaciones de Puerto Rico, Inc. (TELPRI) to a subsidiary of America Movil, S.A.B. de C.V. . The buyer purchased 100 percent of TELPRI, the holding company of Puerto Rico Telephone Company (PRT), including Verizon's 52 percent interest. The other shareholders were the Puerto Rico Telephone Authority, which owned 28 percent; Popular, Inc., 13 percent; and the company's employee stock ownership plan, 7 percent. The transaction previously received the approval of the Federal Communications Commission.
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Peter Davidson, Senior Vice President for Federal Government Relations (lobbyist) at Verizon, is ... a Bush Pioneer. Davidson passed twice through the government-industry revolving door serving as general counsel and policy director to then-House Majority Leader Dick Armey (R-Texas). Davidson then worked for Qwest Communications, then in the George W. Bush administration with the U.S. Trade Representative, then moving to Verizon. [2] [3]
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