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| | industry = Telecommunications | | | industry = Telecommunications |
| | founded = 1983 | | | founded = 1983 |
− | | founders = [[Charles R. Lee]]<br> | + | | founders = [[Charles R. Lee]] & [[Ivan G. Seidenberg]] |
− | Ivan R. Seidenberg | |
| | ownership = | | | ownership = |
| | headquarters = New York | | | headquarters = New York |
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| | twitter = Verizon | | | twitter = Verizon |
| | keypeople = [[Ivan G. Seidenberg]], Chairman and CEO <br> | | | keypeople = [[Ivan G. Seidenberg]], Chairman and CEO <br> |
− | [[Lowell C. Mc Adam]], President and COO <br> | + | [[Lowell C. McAdam]], President and COO <br> |
| Francis J. Shamm, EVP & CFO | | Francis J. Shamm, EVP & CFO |
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| }} | | }} |
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| ===Verizon and MCI Merger=== | | ===Verizon and MCI Merger=== |
− | On January 6, 2006, Verizon acquired MCI under an $ 8.5 billion transaction to enhance the company's capability to deliver the benefits of converged communications, information and entertainment across the country and around the world.<ref>[http://www.tmcnet.com/news/2006/jan/1266771.htm Verizon-MCI Merger]</ref> The company became a global provider of advance telecommunications and information technology solutions to large businesses as well as government entities. Verizon has more than 100 million customers in the US with a nationwide presence in wireline and wireless market. | + | On January 6, 2006, Verizon acquired [[MCI]], through a $ 8.5 billion transaction, to enhance the company's capability to deliver the benefits of converged communications, information and entertainment across the country and around the world.<ref>[http://www.tmcnet.com/news/2006/jan/1266771.htm Verizon-MCI Merger]</ref> The company became a global provider of advance telecommunications and information technology solutions to large businesses as well as government entities. Verizon has more than 100 million customers in the US with a nationwide presence in wireline and wireless market. |
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| ===Alltel Corp. Acquisition=== | | ===Alltel Corp. Acquisition=== |
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| In 2009, the company acquired Alltel Corp. Verizon Wireless became the largest wireless service provider in the U.S. based on total number of customers.<ref>[http://www22.verizon.com/investor/investor.portal?_nfpb=true&_pageLabel=companyinfo_corporatehistory Verizon Recent History]</ref> | | In 2009, the company acquired Alltel Corp. Verizon Wireless became the largest wireless service provider in the U.S. based on total number of customers.<ref>[http://www22.verizon.com/investor/investor.portal?_nfpb=true&_pageLabel=companyinfo_corporatehistory Verizon Recent History]</ref> |
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| ===Latest Statistics=== | | ===Latest Statistics=== |
| + | The company's reported total revenue for the year 2010 was $106.6 billion and it employs more than 194 thousand employees serving customers within 140 countries. The Verizon Center, located in Basking Ridge, New Jersey, is the company's operations hub.<ref>[http://www22.verizon.com/investor/investor.portal?_nfpb=true&_pageLabel=companyinfo_corporatehistory Current Statistics]</ref> |
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− | The company's reported total revenue for the year 2010 was $106.6 billion and it employs more than 194 thousand employees serving customers within 140 countries. The Verizon Center located in Basking Ridge, New Jersey is the company operations hub.<ref>[http://www22.verizon.com/investor/investor.portal?_nfpb=true&_pageLabel=companyinfo_corporatehistory Current Statistics]</ref>
| + | Verizon Wireless launched its 4G LTE (fourth-generation Long Term Evolution) Mobile Broadband network in December, 2010, within 38 markets covering 110 million customers.<ref>[http://news.cnet.com/8301-30686_3-20018768-266.html CSNET.com]</ref> |
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− | Verizon Wireless launched its 4G LTE (fourth-generation Long Term Evolution) Mobile Broadband network December 2010 within 38 markets covering 110 million customers.<ref>[http://news.cnet.com/8301-30686_3-20018768-266.html CSNET.com]</ref>
| + | Verizon's latest acquisition was Terremark Worldwide Inc., under a cash-for-stock agreement valued at US $1.4 billion, in 2011. The company's move was prompted by the latest trend of wireless operator involvement and ownership of enterprise services delivered in the cloud.<ref>[http://www.wirelessindustrynews.org/news-jan-2011/2363-012811-win-news.html wirelessindustrynews.org]</ref> |
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− | Verizon's latest acquisition was the Terremark Worldwide Inc. under a cash-for-stock agreement valued at US $1.4 billion in 2011. The company's move was prompted by the latest trend, a more wireless operator involvement and ownership of enterprise services delivered in the cloud.<ref>[http://www.wirelessindustrynews.org/news-jan-2011/2363-012811-win-news.html wirelessindustrynews.org]</ref> | |
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| ==Verizon Domain Name Disputes== | | ==Verizon Domain Name Disputes== |
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− | Over the years, Verizon has been fighting for the protection of its trademark and domain name. The company filed several lawsuits against companies that registered a Verizon domain name in bad faith. One of the legal battles involving Verizon regarding its domain name was against domain portfolio owner [[IREIT]]. In 2007, Verizon and IREIT entered a settlement agreement.The settlement between the companies include a monetary payment to Verizon and a permanent injunction will be issued to IREIT prohibiting the company from registering, trafficking in, or using, as a registrant, any domain name that is identical or confusingly similar to the Verizon trademarks.<ref>[http://www.domainnamenews.com/legal-issues/ireit-and-verizon-settle-legal-dispute/1350 Domain Name News]</ref> | + | Over the years, Verizon has been fighting for the protection of its trademark and domain name. The company filed several lawsuits against companies that registered a Verizon domain name in bad faith. One of the legal battles involving Verizon regarding its domain name was against domain portfolio owner [[Internet REIT]]; in 2007, Verizon and IREIT entered a settlement agreement. The settlement between the companies included a monetary payment to Verizon and a permanent injunction issued to IREIT prohibiting the company from registering, trafficking in, or using, as a registrant, any domain name that is identical or confusingly similar to the Verizon trademarks.<ref>[http://www.domainnamenews.com/legal-issues/ireit-and-verizon-settle-legal-dispute/1350 Domain Name News]</ref> |
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− | Furthermore, in 2008, Verizon won a $33.15 million cybersquatting law suit against domain name registrar [[OnlineNic]], a company based in San Francisco that claimed 663 verizon sites such as verizononline.com, myverizonwireless.com, 123verizonphones.com, using an automated process.The fake sites hosted ad links and pop-under advertisements making revenue for OnlineNIC. <ref>[http://www.theregister.co.uk/2008/12/26/verizon_awarded_33mil_against_onlinenic/ Verizon Awarded $33.15 million against cybersquatter]</ref> | + | Furthermore, in 2008, Verizon won a $33.15 million [[Cybersquatting|cybersquatting]] law suit against domain name registrar [[OnlineNic]], a company based in San Francisco that claimed 663 Verizon sites such as verizononline.com, myverizonwireless.com, 123verizonphones.com, using an automated process. The fake sites hosted ad links and pop-under advertisements, generating revenue for OnlineNIC.<ref>[http://www.theregister.co.uk/2008/12/26/verizon_awarded_33mil_against_onlinenic/ Verizon Awarded $33.15 million against cybersquatter]</ref> |
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| ==ICANN and Verizon== | | ==ICANN and Verizon== |
− | | + | On April 19, 2009, Verizon submitted its comments on the second version of the [[DAG|Draft Application Guidebook]] for new [[gTLD]]s. Verizon encouraged ICANN to delay any further version of the DAG and delay its timeline to introduce new gTLD until certain fundamental tresholds had been addressed, such as:<ref>[http://www.icann.org/en/correspondence/deutsch-to-twomey-13apr09-en.pdf icann.org]</ref> |
− | On April 19, 2009, Verizon submitted its comments on the second version of the Draft Application Guidebook (DAG) for new [[gTLD]]. Verizon encouraged ICANN to delay any further version of the DAG and delay its timeline to introduce new gTLD until the fundamental tresholds had been addressed such as:<ref>[http://www.icann.org/en/correspondence/deutsch-to-twomey-13apr09-en.pdf icann.org]</ref> | |
| # Completing an impartial economic study with comprehensive empirical evidence to support the need for new TLDs | | # Completing an impartial economic study with comprehensive empirical evidence to support the need for new TLDs |
− | # Addressing concerns about the safety and stability of internet | + | # Addressing concerns about the safety and stability of the Internet throughout the introduction of new [[gTLD]]s |
| # Protecting against phishing, malware and fraud | | # Protecting against phishing, malware and fraud |
| # Establishing a comprehensive set of protection to curb trademark abuse at all stages of the new TLD process | | # Establishing a comprehensive set of protection to curb trademark abuse at all stages of the new TLD process |
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− | The company emphasized its concern over [[cybersquatting]], [[domain tasting]] and [[domain kiting]] and over the years it spent millions of dollars protecting its brand, trademarks and intellectual property rights in federal courts and under the Uniform Domain Name Dispute Resolution Policy ([[UDRP]]].Verizon commented that the following fundamental rights protection measures are needed to address trademark concerns:<ref>[http://www.icann.org/en/correspondence/deutsch-to-twomey-13apr09-en.pdf icann.org]</ref> | + | The company emphasized its concern over [[cybersquatting]], [[Domain Tasting|domain tasting]] and [[Domain Kiting|domain kiting]] and over the years it has spent millions of dollars protecting its brand, trademarks and [[Intellectual Property|intellectual property]] rights in federal courts and under the [[UDRP|Uniform Domain Name Dispute Resolution Policy]]. Verizon commented that the following fundamental rights protection measures are needed to address trademark concerns:<ref>[http://www.icann.org/en/correspondence/deutsch-to-twomey-13apr09-en.pdf icann.org]</ref> |
| # Expedited Suspension Mechanism | | # Expedited Suspension Mechanism |
| # Creation of gTLD reserved List (White List) | | # Creation of gTLD reserved List (White List) |
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− | [[Category: Companies]] | + | [[Category:Telecommunications]] |