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Title: Verizon Case Study

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Subject: Technology
Date: January 13, 2005
Length: 13 / 3750
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was formed in 2001 when Bell Atlantic acquired GTE, the largest independent telephone service provider in the US, in a $58 billion deal. Cellco Partnership, doing business as Verizon Wireless, was a result of a $90 billion joint venture between Verizon Communications and the Vodaphone Group, with 55% and 45% ownership respectively...

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Under the leadership of CEO Ivan Seidenberg, Verizon acquired MCI in January 2006 for $8.5 billion in a move to strengthen its position, which continued a trend of acquisitions and growth for the telecommunications industry. Introduction to the Key Competitors The wireless industry is fiercely competitive in the United States market, which is dominated by several major players including AT&T, Verizon, SprintNextel, and T-mobile...

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