Verizon began as Bell Atlantic in 1983 after the baby bells emerged from the breakup of AT&T. In 1997, Bell Atlantic merged with NYNEX.
In 2000, the company acquired GTE and changed its name to Verizon. This was one of the largest mergers in US history. GTE’s wireless operations became what is today Verizon Wireless.
In 2005, Verizon acquired MCI, making them the largest Telecom company in the US.
Verizon has sold several of its wireline divisions in the 2000s in order to simplify its operating procedures.
Verizon currently owns 55% of Verizon Wireless.