Verizon
Headquarters: 140 West St.
New York, NY 10036
Employees: 194,000
CEO: Lowell McAdam
Website: http://www.verizon.com
Stock Symbol: VZ
Career Page
Verizon is the nation's largest telecommunications company. It provides local and long distance service. high-speed Internet access and TV service primarily in the mid-Atlantic and northeastern U.S.
Verizon offers wired phone service, fiber-optic and DSL broadband Internet access. Verizon had 8.7 million broadband customers at the end of 2011.
The company is expanding delivery of high-speed fiber optic lines to cities in its service area. The service is called FiOS and offers superfast connections to the Internet along with TV service. The company said it had over 4.8 million FiOS Internet customers at the end of 2011 and 4.2 million FIOS TV customers.
Verizon Wireless offers cellular phone and data services to 108.7 milion customers nationwide. Verizon Wireless is a joint operation between Verizon and U.K.'s Vodafone company.
Verizon Wireless began selling the iPad tablet from Apple in 2010 and the iPhone in February 2011.
In 2010, Verizon reported revenues of $110.8 billion, an increase of 4%. Net income was $10.1 billion.
With the increase in cellular phone usage, Verizon's traditional wireline phone business has dropped over the past several years. The company reported 12.6 million residential voice lines at the end of 2011, down 7.3% from 2010
36 percent of Verizon's employees are minorities and 38% are represented by unions.
History
Verizon was formed by the merger of Bell Atlantic and GTE in July 1998. The Verizon name comes from veritas, the Latin word connoting certainty and reliability, and horizon, signifying forward-looking and visionary.
In 2005, Verizon acquired MCI, formerly known as Worldcom.
The company spun off Verizon Directories in 2006, the second-largest publisher of phone directories in the nation. This includes the SuperPages.com directory and now trades independently on the NYSE as Idearc Inc.
Verizon acquired Terremark in 2011, a provider of IT services, for $1.4 billion.
Benefits
Financial Rewards
- Competitive salaries
- Incentives based on individual and company performance, including commissions for our Sales team
- 401(k) savings plan with excellent company matching contributions
- Corporate discounts for attractions and key vendors (travel, technology and gifts)
- Health and dependent care spending accounts, including a 10% discount on childcare at more than 2,000 centers nationwide
- Life and AD&D insurance for employees and family members
- Commuter spending accounts
- Emergency Military leave, which provides the difference between an employee's base pay and the military base pay for up to 36 months of active duty.
Health and Well-Being
- Medical, including prescription drug and vision care
- Dental
- Disability
- Long-term care insurance
- Over 30 locations with fitness centers, plus discounts to other gyms
Time Off / Vacation
- Paid vacation
- Personal days
- Holidays
- Discounts to Verizon products and services
Family
- Employee assistance
- Home and auto insurance discounts
- A 10% discount on child care at more than 2,000 centers nationwide.
- Adoption expense reimbursement up to $10,000 for each child adopted.
Education and Training
- Tuition assistance
- On-the-job-training
- Online development tools
- Training curriculums
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