Is Verizon owned by AT&T?
Leading telecom firms in the United States of America are Verizon and AT&T. Though Verizon is a telecommunication firm running separately, AT&T owns nothing about it.
Two independent companies running in numerous related markets— Verizon Communications Inc. and AT&T Inc.—have wireless, internet, television, and business in mind. Here is each company's backstory.
Verizon
- Based in New York City, United States, Verizon Communications Inc. is a worldwide telecommunications business.
- Following AT&T Internet's divestment and division into seven regional firms known as "Baby Bells," Verizon was established in 1983 under Bell Atlantic Corp.
- Furthermore, in line with its expansion plan, it has undergone many mergers and acquisitions in the next years. Among the major mergers are NYNEX in 1997, GTE in 2000—which saw the business renamed Verizon—and AOL in 2015.
- Next to China Mobile, Verizon is the second biggest telecom firm worldwide running by revenue and the biggest communication company in the United States today. Wireless communications, internet, telecoms TV, media, and business analytics are among Verizon's areas of focus.
- With more than 150 million clients spread around the nation, Verizon Cellular is the biggest cellular communications firm in the US. The corporation boasts America's most reliable wireless network in the nation.
AT&T
- Based in Dallas, Texas, United States of America, AT&T Inc. is a worldwide telecom firm
- Bell Telephone firm was founded in 1885 after Alexander Graham Bell invented the telephone. Following the split, there were regional Baby Bells developed while AT&T the parent firm focused on long-distance services. It developed into a monopolistic business until it was split in 1984 because of an anti-trust complaint.
- Over the years, AT&T has grown its operations and purchased other businesses (SBC Communications, BellSouth, DirecTV).
- Among the biggest fixed phone services providers in the United States of America, the second biggest mobile phone services provider, and among the biggest telecoms corporations worldwide, AT&T Consumers, companies, and the government are to be served wireless, broadband, TV, and media services.
Ultimately, it is evident that Verizon and AT&T undertake many commercial activities together; yet, Verizon Communications is an independent firm owned by AT&T Inc., therefore even if they began differently, they are titans of the telecommunications sector today in America. For improved networks for consumers and businesses, this rivalry and race to the top as well as the ongoing pushing out of new technologies like 5G keep competition and innovation active.
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