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Verizon's capital stock is a component of the Dow Jones Industrial Average. It is the world's second-largest telecommunications company by revenue. The company was formed in 1984 as Bell Atlantic as a result of the breakup of the Bell System into seven companies, each a Regional Bell Operating Company (RBOC), commonly referred to as "Baby Bells."
The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million. Verizon will be retaining 10% of the newly rebranded company.
A new era will begin soon for Verizon (NYSE:VZ) stock. The communications giant will launch its long-awaited 5G network on Apr. 11, setting up another battle between VZ and its longtime-rival, AT ...
Verizon will report its fourth quarter earnings on Jan. 23. The company is expected to have earned $1.07 a share vs. $1.19 a share in the year-earlier period, according to the average of...
Let's see what those numbers can tell us about how expensive or cheap Verizon (NYS: VZ) might be. The current price multiples First, we'll look at most investors' favorite metric: the P/E ratio.
As such, GTE's successor, Verizon Communications, was the only foreign telecommunications company with a greater than 20% interest in a Canadian carrier, until Verizon completely divested itself of its shares in 2004.