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Verizon Communications: Companies
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A subsidiary of Verizon Communications Inc. paid Mickey Ibarra & Associates $250,000 in 2007 to lobby on rural broadband access and other Internet-related issues. The New York-based company paid the firm $100,000 in the second half of 2007 to lobby the federal government, according to a disclosure form posted online Monday by the Senate's public records office.
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Shortly after Verizon made its offer for MCI, competitor Qwest Communications International Inc. came in with an offer of its own. A hotly contested bidding war ensued but in the end, MCI accepted Verizon's $8.5 billion bid--which was less than Qwest's $9.74 billion offer--because of the company's stronger financial position and its long-term prospects. The FCC approved the deal in October and Verizon completed the purchase in January 2006.
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(NewsVisual, powered by IntellectSpace) -- Taking the initiative on Wednesday to buttress the value of its company’s stock, Verizon Communications Inc (NYSE:VZ) announced its intention to repurchase 100 million shares of its common stock. The buy-back initiative was authorized by the company’s Board of Directors.
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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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Verizon's Wireline segment, which includes the operations of the former MCI, comprises two units: Verizon Telecom and Verizon Business. Verizon Telecom provides local telecommunications, broadband data and video services in 28 states and Washington, D.C., as well as nationwide long-distance and other communications products and services. Verizon is deploying a fiber-to-the-premises network under the FiOS service mark. The Wireline segment ... includes Verizon Business, a provider of next-generation IP network and information technology (IT) products and services to medium and large businesses and government customers. Verizon Telecom consists of three lines of business, which operate across the Company's telephone subsidiaries and focus on specific customer market areas.
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Verizon's visions for 2001 focused on international expansion. While they already had some links to Toronto, Hong Kong, and Tokyo, the company wanted to expand into major cities in Europe, Asia, and Latin America. They would ... offer their Internet services (under the Genuity brand name). New York would be the connecting state while the company waited for approval to add other regions. The company planned a five year, $1 billion expansion.
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