Outlining Key Points About The Company Verizon

The telecommunications sector is a very important area of business in this day and age. In order to remain competitive, and be profitable, companies need to be innovative, flexible and offer high quality services. This is just what made Verizon one of the main companies in this field. The company is based in New York, but it is worth noting that it has established a staggering 109 million connections. It offers a range of services, including broadband, wire-based and nowadays, wireless services.

One of the successful endeavors of the company is that it invests in improved technology, so that it currently has one of the best fiber-optic networks in America. The company began its operations in the year 2000, but since then it never looked back.

The name was chosen intelligently. The word 'Veritas' in Greek means truth. Verizon is a mixture of Veritas and horizon. This refers to the fact that the company is always looking forward to improvements and innovation so as to become even more competitive and serve customers in the best way possible. The logo of the company is designed in such a way that it depicts this futuristic vision since speed in portrayed clearly. And after all in this fast paced world, with constant improvements in technology, and particularly, in the telecommunications sector, it is imperative to move at a fast pace in order to keep up.

In the year 2005 the company merged with MCI, with the aim to improve on its performance and quality of services. This transaction cost a staggering $8.5 billion, and was finalized in October 2005.

The telecommunications sector faced dramatic changes when the move from wire-based networks led to wireless communications. Verizon experienced changes in its operations, and in its revenue too. By the end of the year 2011 it can be said that it managed to retain its name as one of the giants in the telecommunications sector in America, especially in its provision of high quality wireless services, which are so important in this day and age. The company can boast of the fact that it has some 108.7 million customers using its services.

The telephony services have changed through the years, and the company provides a range of services so as to satisfy different clients' needs. These include the standard POTS, optical fiber lines, web calling services, and high speed internet DSL services amongst others. The VoIP service it offers, by the name of Verizon VoiceWing is also very popular.

In the year 2005 it launched FiOS TV. This offers over five hundred channels by means of advanced optical fiber networks. Verizon Wireless is in effect considered as the best wireless service provider in the US in 2011.

The company also provides services relating to security and IT. However telecommunications is by far its main area of operations. It is worth noting that the company has made some $110 billion revenue in the year 2011, and has an operating income of $12.8 billion. With a workforce of 194,400 employees the company is also a leading employer. These figures alone give an idea of the success of Verizon.