6 Wonderful Facts about Verizon & AT &T

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AT&T and Verizon are the two leading names in the US mobile industry. Both At&T and Verizon started as successors to the original Bell system after the government break-up in 1984. Since then, At&T and Verizon have grown and excelled separately. Though there are other mobile service providers in the US, AT&T and Verizon are the two most famous wireless carriers because they have roughly comparable phone plans and subscriptions.

For years now, despite the existence of other service providers, it is always Verizon vs AT&T. In this article, you will get to know facts about Verizon and AT&T separately.

Facts about AT&T

1. History of AT&T

Alexander Graham Bell’s invention of the telephone in 1876 marked the beginning of everything. Bell and his associates established the Bell Telephone Co. in 1877. Before becoming the American Telephone and Telegraph Co. in 1885, the name had undergone many changes. That is the complete name of AT&T, as you have undoubtedly already guessed. 

2. AT&T’s involvement in choosing the emergency telephone number.

In 1968, 911 was designated as the national emergency number. AT&T and the Federal Communications Commission held a meeting the previous year to seek a rapid fix for establishing a national emergency phone number in the US. They choose 911 because it is brief, quick to call, and simple to remember.

3. AT&T’s stand on sexual orientation.

A policy prohibiting sexual orientation-based workplace discrimination was implemented by AT&T in 1975. This policy was a component of AT&T’s diversity initiative, which gives every employee a fair opportunity to develop their skills. It was among the first few American businesses to set up such regulations.

4. AT&T has the largest wireless subscription market share.

For the first quarter of 2021 in the US, AT&T had the greatest share of the wireless subscriber market at 44.8%. T-Mobile is in third place with 24.9%, with Verizon’s runner-up holding 29.1%. Since 2018, AT&T has held the top spot for this measure. Even when T-Mobile bought Sprint in 2020, AT&T was still in the lead.

5. AT&T’s rank in the world

By brand value, AT&T is the third largest telco in the world. A poll that was published in February 2022 provided fresh statistics. This time, AT&T took third place with a $47 billion brand value. Silver belongs to Deutsche Telekom with $60.2 billion, while gold goes to Verizon with $69.6 billion.

6. AT&T’s total number of mobile subscribers and connections:

There are 191.65 million mobile connections and customers overall between Q1 2017 and Q2 2021.

Facts about Verizon

1. Birth of Verizon

Verizon was founded in the year 2000. One of the most major mergers in American history occurred in 2000 when Bell Atlantic purchased GTE (General Telephone & Electronics). The combined operational territories of the two businesses covered almost the whole USA and gave birth to Verizon.

2. History of Verizon’s Name

After considering more than 8,500 names, Verizon chose its name. Verizon was chosen from a list of more than 8,500 names when Bell Atlantic and GTE amalgamated. The fact that the term itself is a merger is one solid explanation. The first element, “veri,” is derived from the Latin word “veritas,” which means “truth,” and the second part, “horizon.” According to Verizon, this etymology alludes to current dependability and limitless potential in the future.    

3. Number of companies acquired by Verizon

Verizon has bought 22 businesses. There is no denying that Verizon is a large company. Over the past 20 years, it has gradually expanded by acquiring smaller companies. What businesses does Verizon own now, though? Its most recent purchase was Yahoo! in 2017, which cost a staggering $4.48 billion.

 

Verizon has bought precisely 22 companies in its 22-year existence. One of the largest acquisitions was made by rival telecommunications firms MCI for $8.4 billion in 2005 and Alltel for $28.1 billion in 2008.

4. Verizon is a Fortune 500 company.

99% of Fortune 500 corporations are served by Verizon. It now holds the No. 20 position, making it the twentieth-largest US firm by yearly revenue.

 

Additionally, as a top telecommunications provider, Verizon’s activities are tightly linked to those of several other companies. This includes most of the names on the Fortune 500 list–as of 2022, it serves 99% of them.

5. Verizon is more popular among older Americans.

With 22% of them using it, senior Americans are the group that uses Verizon the most. It turns out that not all carriers in the US are equally well-liked by all demographic groups. For instance, the demographics of Verizon’s customers lean slightly older. Verizon is the preferred carrier for 22% of the 50 to 64-year-old group.

6. Verizon’s total number of customers:

Verizon has a total of 143 million customers.

Wrap Up

AT&T and Verizon may have been in direct competition for a while. They each have unique backgrounds, skills, and limitations, though. It is often beneficial to be aware of both their positive and negative attributes and intriguing details that will help us make a justifiable decision. Though, one cannot deny the fact that both telcos were able to keep their ranks on top.

 

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