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Verizon shares begin trading on Wall Street Monday 3 July 2000 The merger of Bell Atlantic (BEL) and GTE (GTE) became official in the eyes of Wall Street as the combined company, Verizon Communications (VZ), began trading on the New York Stock Exchange. It ended its first day at 55, up 4 3/8, with 3.3 million shares being traded. Charles Lee, former chairman and CEO of GTE, and Ivan Seidenberg, former chairman and CEO of Bell Atlantic, were on hand at the Big Board Monday to ring the opening bell as trading in Verizon shares began. The new company has more than 260,000 employees and is effectively the largest U.S. wireless company, at three times the size of its nearest rival, AT&T Wireless (AWE). It is also the world’s largest provider of print and online directory information. Vodafone (VOD) holds about a 45% interest in Verizon Wireless, a subsidiary of Verizon Communications. | ||||||||||||||
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