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Verizon Wireless Puerto Rico, Inc history
Verizon Wireless Puerto Rico, Inc company history timeline
In January 1988 the company found itself, along with BellSouth, accused of misconduct in bidding attempts to win government contracts.
In 1988, GTE divested its consumer communications products unit as part of a telecommunications strategy to place increasing emphasis on the services sector.
In April 1990, the company’s Chesapeake and Potomac Telephone Company was charged with fraud and barred from seeking federal contracts.
McCarthy, Thomas E., “The History of GTE: The Evolution of One of America’s Great Corporations, Stamford, Conn.,” GTE Corporation, 1990.
Following action or review by more than 20 governmental bodies, in March 1991 the merger of GTE and Contel was approved.
GTE also formed a video programming and interservices joint venture with Ameritech Corporation, Bell-South Corporation, SBC Communications, and The Walt Disney Company in the fall of 1995.
Bell Atlantic’s merger with NYNEX was completed in early 1997.
Bell Atlantic-New Jersey's telecommunications became all digital in 1999, and the company also won approval from the FCC that year to begin offering long distance service in the New York area.
Heskitt, Ben, "Nortel Nabs $500 Million Deal with Verizon," CNET News.com, April 12, 2000.
Greene, Tim, "Those Baby Bells Are Growing up Fast," Network World Fusion, November 20, 2000.
Capitalizing on the first letter of its name, the "V" became the peace sign flashed by numerous people in the Verizon Wireless ads of early 2000.
In addition, profits for the year fell below expectations, and the initial forecast for 2001 was reduced a third.
Verizon’s visions for 2001 focused on international expansion.
NorthPoint accepted Verizon's $175 million settlement offer in 2002.
More than two-thirds of all Verizon access lines offered long-distance service by early 2002.
The FCC approved the deal in October and Verizon completed the purchase in January 2006.
Then in early 2006, AT&T set plans in motion to acquire BellSouth Corporation in a $67 billion deal.
DeVault, Kerri "Verizon Communications Inc. ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/verizon-communications-inc
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Verizon Wireless Puerto Rico, Inc competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Headsets.com | 1997 | $17.0M | 11 | - |
| E Fashion Solutions LLC | - | - | - | - |
| Telscape Corporate Offices | - | $2.3M | 25 | - |
| Open Mobile Pr | 2006 | $260.0M | 700 | - |
| Claro | 2003 | $9.1B | 100 | 1 |
| Mobile Po | - | $12.0M | 50 | 8 |
| Valor Telecommunications Enterprises LLC | 2000 | $460.0M | 1,200 | - |
| Virgin | 1970 | $717.1M | 1,700 | - |
| DOCOMO PACIFIC | 1991 | $17.0M | 212 | - |
| dPI Teleconnect | - | $5.0M | 125 | - |
Verizon Wireless Puerto Rico, Inc history FAQs
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