The world's top ten telecommunications companies each have amarket value of more than $50 billion. Servicing the world's ever-growing telephone and wireless connection needs, the telecommunications industry is forecast to continue to expand operations on a global level.
Verizon confirms that a new TV streaming service is on the way
Confirming a rumor that originally surfaced earlier this year, Verizon CEO Lowell McAdam recently said that the company plans to launch an over-the-top TV streaming service later this year. Not to be confused with Verizon's decent but relatively unpopular go90 streaming service which houses original content, Verizon's upcoming service will offer viewers something similar to a traditional cable package.
YAHOO'S plan to sell its operating business to Verizon for $4.83 billion fired up the business world nearly a year ago. The deal is set to finally conclude in June, Yahoo told users via email on May 12.
Page and Brin originally nicknamed their new search engine "BackRub", because the system checked backlinks to estimate the importance of a site. Eventually, they changed the name to Google, originating from a misspelling of the word " googol", the number 1 followed by 100 zeros, which was picked to signify that the search engine was intended to provide large quantities of information.
Time Warner Inc. is an American multinational mass media and entertainment conglomerate headquartered in New York City. It is currently the world's third largest entertainment company in terms of revenue, after Comcast and The Walt Disney Company. It was also once the world's largest media conglomerate.
AOL Inc. (simply known as AOL, originally known as America Online) is an American multinational mass media corporation based in New York, a division of Verizon Communications. The company owns and operates websites such as HuffPost, TechCrunch and Engadget, and spans digital distribution of content, products, and services, which it offers to consumers, publishers, and advertisers.
It is globally known for its Web portal, search engine Yahoo! Search, and related services, including Yahoo! Directory, Yahoo! Mail, Yahoo! News, Yahoo! Finance, Yahoo! Groups, Yahoo! Answers, advertising, online mapping, video sharing, fantasy sports, and its social media website. It is one of the most popular sites in the United States.
Two months before the FCC gave final approval on the formation of Verizon Communications, Bell Atlantic formed Verizon Wireless in a joint venture with the British telecommunications company Vodafone in April 2000. The companies established Verizon Wireless as its own business operated by Bell Atlantic, which owned 55% of the venture.