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Verizon Communications: Companies
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Verizon Communications is one company that decided to go with Jxta instead of with peer-to-peer software from Microsoft. The telecommunications provider is using the Jxta software and Java development tools to build a Web-based "communications platform" that allows people to converse on the phone while exchanging data such as documents.
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NEW YORK, Sept. 11 /PRNewswire/ -- Verizon Communications Inc. today named Michael A. Mason, currently the executive assistant director of the Federal Bureau of Investigation, to be the company's new chief security officer. In his current position at the FBI, Mason is in charge of the Bureau's Criminal, Cyber, Response and Services Branch -- the largest unit in the FBI.
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Verizon Communications ranks no. 50 on FORTUNE's Global 500 this year, with $75.1 billion in revenues, up 5% from the previous year. The New York, New York-based company was ranked no. 38 on the 2005 list. Its 2005 profits were $7.4 billion, down 5.5% from a year earlier. 2005 was a banner year for most Global 500 companies.
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Verizon Communications Inc. has flooded mailboxes, gone door to door and even handed out free ice cream as it seeks to sell its new FiOS television, telephone and high-speed Internet service. Now, the phone company is following Apple Computer Inc. and other high-tech companies that have opened stores in shopping malls to show off their offerings to consumers.
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Verizon ... owns stakes in some international communications companies, most notably 23.14% of Vodafone Italy. On April 3 2006 Verizon agreed to sell its stakes in Verizon Dominicana (operating in the Dominican Republic), CANTV of Venezuela, and Puerto Rico Telephone Company, Inc. (PRT) in Puerto Rico to Telmex and América Móvil for $3.7 billion. Verizon's other international investment is 50% ownership of Gibraltar NYNEX Communications.
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Verizon Communications is betting its future on fiber-optic technology in an audacious bid to compete head-to-head with cable companies around the country. But the company's ambitions have been frustrated by the need to go from county to county to reach franchise agreements in order to launch fiber-optic TV services. Cable companies won similar franchises decades ago.
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