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(currently known as Verizon Media).Īs of 2016, Verizon is one of three remaining companies that had their roots in the former Baby Bells. AOL and Yahoo were amalgamated into a new division named Oath Inc. In 2015, Verizon expanded its business into content ownership by acquiring AOL, and two years later it acquired Yahoo!. Bell Atlantic, the surviving entity, changed its name to "Verizon", a portmanteau of veritas (Latin for "truth") and horizon. In 2000, Bell Atlantic acquired GTE, which operated telecommunications companies across most of the rest of the country that was not already in Bell Atlantic's footprint. Although Bell Atlantic was the surviving company name, the merged company moved its headquarters from Philadelphia to NYNEX's old headquarters in New York City. In 1997, Bell Atlantic expanded into New York and the New England states by merging with fellow Baby Bell NYNEX.
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This company would later become Verizon.Īs part of a rebranding of the Baby Bells in the mid-1990s, all of Bell Atlantic's operating companies assumed the holding company's name. One of the baby bells, Bell Atlantic, came into existence in 1984 consisting of the separate operating companies New Jersey Bell, Bell of Pennsylvania, Diamond State Telephone, and C&P Telephone, with a footprint from New Jersey to Virginia. In 1984, the Justice Department of the United States mandated AT&T Corporation to break up the Bell System and split into seven companies, called " Baby Bells". The company is based at 1095 Avenue of the Americas in Midtown Manhattan, New York City, but is incorporated in Delaware. və- RY-zən) is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. ( Template:Audio) ( Script error: No such module "IPAc-en".