Veritas (latin): Reliability, Certainty, and Forward-Looking
Veritas is a Latin word that represents certainty, reliability, and the horizon. When two giants in the communications industry merged in 2000, they called themselves Verizon. In the year 2000, the telecommunication industry was booming and .com companies seemed unstoppable as they fueled the American economy and filled bank accounts in California’s Silicon Valley. In the midst of this boom, cellular use began rising in popularity as companies gave cell phones to anyone who signed a contract. Once the two giants merged, the new technology was put up against a vast corporation on knowledge and longevity. Verizon Communications Inc. came to fruition on June 30, 2000 with the merging of GTE Corporation and the Bell Atlantic Corporation. In the mid-1990s, the federal government had announced that the telecommunication industry would go public in order to increase competition in that market. The merger was the largest of its kind and created a lot of interest in the communications industry by competitors and consumers. The VZ symbol began appearing on the New York Stock Exchange that same year in June. In March, 2010, VZ joined other companies on the technology founded NASDAQ stock market, as well.
Verizon Communications was a new name in the communications industry, but it was backed by two industry leaders whose origins dated back to the birth of the telephone. The two companies, as separate entities, grew through the twentieth century through mergers, acquisitions, and absorbing smaller companies that were going bankrupt. They continued to grow and gain technological knowledge from the companies that joined them. When the two came together, over one hundred years of telecommunications know-how and savvy descended on a market hungry for more choices in the wireless delivery of cable, internet, and cellular telephone services. Verizon Communications wanted to feed those hungry consumers with better services, faster services, and competitively priced services.
Verizon’s wire line services not only became a household name in the United States, but Verizon became well known worldwide. By the year 2006, Verizon’s wireless service had overtaken their wire line services with 100 million customers joining each day. The wireless industry was thriving in the mid-2000s and competition within the industry to create faster ways to deliver a wireless internet service went into full bloom. Verizon Wireless became the leader in cellular telecommunications by introducing the fastest 4G LTE (fourth-generation long term evolution) service on the market. Verizon Communications Inc., including Verizon Wireless, has been voted one of the top 100 companies for working mothers every year since 2001. They held the number one spot twice during that time. They have also held a spot on the top 100 companies for multicultural women since 2006. The company has contributed over 10 million dollars to organizations to stop violence in America.
Verizon Wireless emerged and acquired Alltel, Inc. in 2006. Alltel wireless had been a forerunner in the wireless industry and Verizon was primed to use the knowledge base that Alltel Inc. offered. This acquisition made them the largest wireless communications company in the world with revenues reaching 110.9 billion dollars at the end of 2011. Also in 2011, Verizon Wireless ranked 16th on the Fortune 500 list of companies with the highest revenues. Verizon had 2.7 million shareholders and 798,000 current and retired employees receiving salaries and pensions worldwide. Verizon Communications Inc. employees have attractive benefit packages, retirement savings, and other incentive programs that reach beyond the offices and into the communities they work in. Verizon continues to acquire and merge with other wireless companies, allowing them to innovate through the integration of other companies’ knowledge and insights. Verizon Internet uses the newest technologies in fiber optics to bring DSL internet services into millions home. In addition to DSL internet, Verizon Internet offers FiOS, which is a high speed internet (HSI) utilizing the newest technologies in fiber optic service and allows customers to stream videos and television contents and speeds up to 150 Mbps. Verizon Wireless boasts the largest network in the world with over 8.7 million basic DSL subscribers worldwide with 3.9 million of those subscribing to the HSI services.
Internet Service Providers (ISPs) offer broadband and DSL services in bandwidths, or up streams and down streams speeds. A bandwidth is measured by the number of frequencies in which the signal is transmitted. Imagine that the wireless signals coming from a wireless router are visible waves that can be seen and each frequency is two inches wide. The waves transmit from the wireless router and into the air. If there are five frequencies being transmitted, the bandwidth is ten inches wide. Every time someone within range of these bands of frequencies goes online, the band diminishes by at least two inches. The fewer frequencies available in the band, the longer it takes to download or move from website to website. If all five frequencies are being used, the connection is lost. The downstream speed refers to how fast internet devices download movies, music, books, and other data. Verizon Wireless high speed internet offers speeds of 0.5-1 Mbps/768 Kbps for their basic service and 50/25 Mbps for their ground breaking FiOS service. This breaks down to speeds from 3.1 million bits to 7 million bits of data per second. One megabit equals one million bits and it takes eight bits to form one letter, punctuation mark, or number in a computer’s binary system. 768 Kbps (kilobits per second) equals 3.1/768 Mbps.
Starting in 2011, the FCC began running tests in residential neighborhoods using a broadband service to see if improvements have been made to make bandwidths available at the actual speeds promised in ISP advertisements. In 2011, the FCC found that most internet service providers were only delivering 82% of their promised speed during peak usage times. Verizon Internet was among those who came closest to their promised speeds. The FCC released their report and recommended that internet service providers either improve their services to meet their promises, or advertise the actual speeds their customers were getting. This report motivated the ISPs to make considerable improvements across the wireless industry and in April 2012 the report showed ISPs delivering 96% of the bandwidth advertised during peak use hours. Verizon Wireless was on top of this improvement and continues to find ways of improving the high speed internet service they provide their customers. Verizon Wireless is the leader in providing high speed internet to residential consumers and they offer a range of internet options as well as download speeds to serve consumers in all demographics. Verizon Wireless is utilized by government agencies that trust them to provide secure lines and impenetrable protection for their internet network connections and cellular phones. They have the largest fleet of alternative fuel service vehicles of any wireless provider with 1,900 reported in 2010. Verizon Wireless internet service is found in schools, hospitals, multinational corporations, and homes nationally and internationally. Their employees started a cell phone recycling program with which they have earned more than $10 million in grants worldwide.
Verizon Wireless starts their basic high speed internet service at $19.95 per month. This price is a promotional price and is effective for one year. The basic package comes with up to nine email addresses, ten MB of online storage space so the customer has options for cleaning up the memory in their personal computer. Download speeds are as follows: 3.3 hours for a non-high definition movie. 4.3 seconds to upload ten songs. 6.7 seconds to download ten songs. Verizon Wireless DSL service has been rated the best wireless company by consumers across all areas of wireless services. Customer service is fast, friendly, and knowledgeable. Installation is usually available in less than a week and the technicians are kind and able to guide the customer through the set-up of a new modem and wireless router. Customer service is available 24/7 by telephone, email, and live chat so customers always have resources if there are any problems with their internet connections.
Verizon Wireless Enhanced Internet Packages come with Wi Fi hotspot access as well as faster download speeds that range from 1.1 Mbps to 15 Mbps. There are three enhanced packages to choose from. The main difference in the three packages is in upload and downloads speed. They all come with nine available email addresses and ten MB of online storage space. The three enhanced packages start at $29.99 a month. Verizon Wireless has a 99.9% reliability rating and is the company that connects 96% of Fortune 1000 customers with their internet services. They have the world’s largest fiber optic network not only in the United States, but throughout the world. The FiOS high speed connection is ground breaking in the industry and beats everyone in uploading, downloading, and streaming data. The Triple Play Bundle is required in order to subscribe to the FiOS wireless internet service. This bundle starts at $99.99 a month. The bundle comes with FiOS high speed internet, satellite television service, and Verizon Wireless cell phone service. It also includes nine free email addresses and 10MB of online storage.
In comparison to other wired, dial-up, and DSL internet services, Verizon Wireless has been rated in the top ten for more than ten years and they keep growing. They provide business solutions and high speed connections to more than a thousand small businesses and large corporations both domestically and internationally. In today’s economy, customer service has been on the decline and telephone support has been made very difficult to obtain with the maze of voice menus to get through. Verizon, however, have kept their level of service above the rest. Twenty-four hour support and friendly agents guide new and existing customers through the entire set-up process. Comparing Verizon Wireless to their competitors leaves no doubt that Verizon Wireless is true to their roots. The two giants have become one and that one does good work.