How Many of these 392 Verizon Investments Were Subsidized by Wireline Customers?
Verizon India, Latvia, Ljubljana, Malta, Hong Kong, Norway, Italy, Beograd (in Serbia), etc.; Verizon sure does get around. The chart above is just an excerpt of a group of 392 different companies/investments of Verizon Communications, Inc. that are presented in the Verizon NY 2019 Annual Report. According the report, Verizon has an “interest of 5% or more” in these companies. The full list of investments is presented below.
This, of course, brings into question Verizon’s commitment to their state wired utility customers and the US cities and municipalities where the company controls critical wireline infrastructure — and where the company failed to properly upgrade and maintain the state utilities, like Verizon NY or Verizon New Jersey.
NOTE: This story is Part II.
SEE: PART 1: Verizon NY 2019 Annual Report Screams: Start Investigations in NY and Every State in America. This documents the massive financial cross-subsidies — the flows of money — that are evident in the Verizon NY 2019 Annual Report.
Hundreds or Thousands of Companies?
Over the last decade we tried to track the Verizon subsidiaries and the company’s investments. In 2017, this list was compiled and posted to Quora; only a few are still mentioned or are using the same name. This list also gives the money paid for the company or the investment made, or that information about the company was “Unknown”.
- Nov 14, 2016 LQD WiFi Unknown
- Oct 26, 2016 Vessel Unknown
- Sep 12, 2016 Sensity Systems Unknown
- Aug 1, 2016 FleetMatics $2.4B in Cash
- Jul 25, 2016 Yahoo! $4.83B in Cash
- Jun 21, 2016 Telogis Unknown
- Apr 18, 2016 Complex $250M (terms undisclosed)
- Mar 16, 2016 Volicon Unknown
Some of These Companies have been Renamed.
Small Business Trends reports:
“Who is Aabaco small business?” It’s now part of Aabaco Small Business. Aabaco — whatever that means — is a company owned (for now) by Yahoo and attempts to reach the Yahoo Small Business Directory now direct users to the Aabaco site. Before Google was a household name, many people found their way around the Web by way of the Yahoo Directory. Nov 23, 2015
What Are Charlie, Echo, Delta?
Moreover, some of the names of these investments/companies are downright suspicious, attempting to sound more like some mystery spy novel.
All of this Brings Up a Series of Questions.
§ Did the state public utility networks, not to mention the local phone customers or others that using the wired networks, pay extra to fund these investments?
§ Are the current ‘Corporate Operations’ expenses being used to pay for expenses for any of these subsidiaries or investments?
§ What services is Verizon providing in these other countries and how do they compare to what we’re getting in America? Are other countries getting a better deal on broadband or internet or wireless service?
§ Of the information supplied to the public, how much of it is a direct fabrication or a ‘combining’ of information of investments, some not even in America?
A simple example: Verizon Communications, Inc.’s, (the holding company) 2019 Annual Report claims it has 135,000 employees, but this covers the 150 countries as well as all of these other investments. This has nothing to do with US workers or the numbers of staff delivering wired services — or even delivering a telecommunications service vs selling advertising on Yahoo, a Verizon subsidiary.
“Verizon Communications Inc. (Verizon or the Company) is a holding company that, acting through its subsidiaries, is one of the world’s leading providers of communications, information and entertainment products and services to consumers, businesses and government entities. With a presence around the world, we offer voice, data and video services and solutions on our networks that are designed to meet customers’ demand for mobility, reliable network connectivity, security and control. We have a highly diverse workforce of approximately 135,000 employees as of December 31, 2019.”
What follows is the list of Verizon investments/companies that are in the Verizon New York 2019 Annual Report, published June 8th, 2020.
Please note that the Verizon Communications, Inc. 2018 Annual Report to investors only listed 15 principal subsidiaries. We do not know why Verizon has not fully disclosed its investments and subsidiaries as compared to this list of 392 found in the Verizon NY 2019 Annual Report.
LIST OF INVESTMENTS:
210 Pine Street Condominium Association
Aabaco Small Business, LLC
AirTouch Cellular Inc.
Allentown SMSA Limited Partnership
Alltel Communications of Arkansas RSA #12 Cellular Limited Partnership
Alltel Communications of LaCrosse Limited Partnership
ALLTEL Communications of North Carolina Limited Partnership
Alltel Information (Mauritius) Inc.
Athens Cellular, Inc.
Australia-Japan Cable (Holdings) Limited
Badlands Cellular of North Dakota Limited Partnership
BATCL — 1987 — II, Inc.
BATCL — 1987 — III, Inc.
Bell Atlantic Advertising (China) Company
Bell Atlantic Mobile Systems LLC
Bell Atlantic TriCon Leasing Corporation
Bismarck MSA Limited Partnership
California RSA №4 Limited Partnership
Cellular 29 Ltd.
Central Dakota Cellular of North Dakota Limited Partnership
Charleston-North Charleston MSA Limited Partnership
Chicago SMSA Limited Partnership
CM Partners, LLC
Colorado 7-Saguache Limited Partnership
CommNet Cellular Inc.
Complex Media, Inc.
Conagro Telecommunications, S.A.
Continental Telecommunications Company (Nigeria)
Cybertrust Holding International, A.V.V.
Dickerson OL1 LLC
Empire City Subway Company (Limited)
Exchange Indemnity Company
Exchange Indemnity Company New Jersey
Exchange Indemnity Company New York
Fleetmatics Australia Pty Ltd
Fleetmatics Group Holdings Limited
Fleetmatics Group Limited
Fleetmatics Insurance Services, LLC
Fleetmatics Italia S.r.l.
Fox Court Nominees Limited
Fresno MSA Limited Partnership
Gadsden CellTelCo Partnership
Gila River Cellular General Partnership
Gold Creek Cellular of Montana Limited Partnership
Gold Creek Cellular, Inc.
GTE Life Insurance Company Limited
GTE Mobilnet of California Limited Partnership
GTE Mobilnet of Florence, Alabama Incorporated
GTE Mobilnet of Fort Wayne Limited Partnership
GTE Mobilnet of Indiana Limited Partnership
GTE Mobilnet of Indiana RSA #3 Limited Partnership
GTE Mobilnet of Indiana RSA #6 Limited Partnership
GTE Mobilnet of South Texas Limited Partnership
GTE Mobilnet of Terre Haute Limited Partnership
GTE Mobilnet of Texas RSA #17 Limited Partnership
GTE Operations Support Incorporated
GTE Overseas Corporation
GTE Venezuela S.à r.l.
GTE Wireless LLC
GTE Wireless of the Midwest Incorporated
Hidden Ridge Development LLC
Hidden Ridge Owners Association, Inc.
Hughes Oriental Telematics Holding (China) Company Limited
Idaho 6-Clark Limited Partnership
Illinois RSA 6 and 7 Limited Partnership
Indiana RSA #1 Limited Partnership
Indiana RSA 2 Limited Partnership
Inosat Global Limited
Inosat Holding Limited
Inosat Solucoes E Servicos Em Mobilidade Ltda
Inosat-Consultoria Informatica, S.A.
Iowa 8-Monona Limited Partnership
Iowa RSA 2 Limited Partnership
Iowa RSA 5 Limited Partnership
Iowa RSA №4 Limited Partnership
Kentucky RSA №1 Partnership
Laycon Telecommunications, S.A.
Los Angeles SMSA Limited Partnership, a California Limited Partnership
MBI Oversight LLC
MCI Broadband Solutions, Inc.
MCI Communications Corporation
MCI Communications Services, Inc.
MCI International Services, Inc.
MCI International Telecommunications Corporation
MCI International, Inc.
MCI WorldCom Asia Pacific Limited
MCImetro Access Transmission Services Corp.
MCImetro Access Transmission Services of Virginia, Inc.
Metropolitan Fiber Systems of New York, Inc.
MFS Globenet, Inc.
Missouri RSA 2 Limited Partnership
Missouri RSA 4 Limited Partnership
MK International Limited
Modoc RSA Limited Partnership
Morgantown OL1 LLC
Morgantown OL2 LLC
Movildata Internacional, S.L.
Muskegon Cellular Partnership
NCC Braeburn Company
NCC Charlie Company
NCC Delta Company
NCC Echo Company
NCC Farnborough Company
NCC Farnborough Investments Limited
NCC Farnborough Trustee Limited
NCC FSC V, Inc.
NCC FSC XII, Inc.
NCC Golf Company
NCC Hampshire Investments Ltd.
NCC Key Company
NCC Mianus Corporation
NCC Micron Company
NCC Sierra Company
NCC Solar Company
NCC Yearling Company
NCC Zee Company
New Mexico RSA 6-I Partnership
New Mexico RSA №5 Limited Partnership
New York RSA 2 Cellular Partnership
New York SMSA Limited Partnership
North Central RSA 2 of North Dakota Limited Partnership
North Central RSA 2, Inc.
North Dakota 5-Kidder Limited Partnership
North Dakota RSA №3 Limited Partnership
Northeast Pennsylvania SMSA Limited Partnership
Northern New Mexico Limited Partnership
Northwest Dakota Cellular of North Dakota Limited Partnership
Northwest Dakota Cellular, Inc.
Northwest Missouri Cellular Limited Partnership
NV Verizon Belgium Luxembourg SA
NV Verizon Belgium Luxembourg SA (succursale du Luxembourg)
Oath Holdings Inc.
Omaha Cellular Telephone Company
Pacific Carriage Holdings Limited
Pascagoula Cellular Partnership
Pennsylvania RSA 1 Limited Partnership
Pennsylvania RSA №6 (I) Limited Partnership
Pennsylvania RSA №6 (II) Limited Partnership
Petersburg Cellular Partnership
Pinnacles Cellular, Inc.
Pittsburgh SMSA Limited Partnership
Pittsfield Cellular Telephone Company
PT Communications Verizon Indonesia
Purco Holding LLC
Red River Cellular of North Dakota Limited Partnership
Redding MSA Limited Partnership
Rihab Dijlah for General Trading LLC
RJM Lease Partners I
RSA 1 Limited Partnership
RSA 7 Limited Partnership
Rural Cellular Corporation
Sacramento-Valley Limited Partnership
San Isabel Cellular of Colorado Limited Partnership
Sand Dunes Cellular of Colorado Limited Partnership
Seattle SMSA Limited Partnership
SEMA OP1 LLC
SEMA OP2 LLC
SEMA OP3 LLC
Shanghai Bell Atlantic Yellow Pages Advertising Co. Ltd.
Sherkate Sahami Khass Telephone Sazi Iran
Sioux City MSA Limited Partnership
Skyward IO, Inc.
Southern Cross Cables Holdings Limited
Springfield Cellular Telephone Company
St. Joseph CellTelCo
St. Lawrence Seaway RSA Cellular Partnership
Steam Heat LLC
Steamed Crab Partners, L.P.
Straight Path Communications Inc.
Straight Path Spectrum, Inc.
Straight Path Spectrum, LLC
Telesector Resources Group, Inc. (d/b/a Verizon Services Group)
Terremark North America LLC
Terremark Worldwide, Inc.
Teton Cellular of Idaho Limited Partnership
Teton Cellular, Inc.
Texas RSA #11B Limited Partnership
Topeka Cellular Telephone Company, Inc.
TradeMore Services LLC
Tuscaloosa Cellular Partnership
Tyler/Longview/Marshall MSA Limited Partnership
UAB Verizon Lietuva
UUNET Holdings Australia Pty Limited
VEBA GP LLC
Verizon (Thailand) Limited
Verizon ABS II LLC
Verizon ABS LLC
Verizon Americas Finance 1 Inc.
Verizon Americas Inc.
Verizon Argentina S.R.L.
Verizon Asia Pacific Holdings Pte. Ltd.
Verizon Australia Holdings LLC
Verizon Australia Pty Limited
Verizon Austria GmbH
Verizon Benefits Administration Inc.
Verizon BR Operating LLC (d/b/a “The Ridge”)
Verizon Bulgaria EOOD
Verizon Business DPPA Master Trust
Verizon Business Global LLC
Verizon Business International Holdings B.V.
Verizon Business Network Services Inc.
Verizon Business Purchasing LLC
Verizon Business Security Solutions Luxembourg SA
Verizon Canada Ltd.
Verizon Capital Corp.
Verizon Chile S.A.
Verizon CMP Holdings LLC
Verizon Colombia S.A.
Verizon Communications (Cyprus) Limited
Verizon Communications Egypt LLC
Verizon Communications Guatemala Limitada
Verizon Communications India Private Limited
Verizon Communications Malaysia Sdn. Bhd.
Verizon Communications Philippines Inc.
Verizon Communications Singapore Pte. Ltd.
Verizon Communications Slovakia s.r.o
Verizon Communications South Africa (Pty) Limited
Verizon Communications Technology (Beijing) Co., Limited
Verizon Connect (China) Co., Ltd.
Verizon Connect Australia Pty Ltd.
Verizon Connect Canada Inc.
Verizon Connect do Brasil Servico de Softward Ltda.
Verizon Connect Finland Oy
Verizon Connect Fleet USA LLC
Verizon Connect France
Verizon Connect Germany GmbH
Verizon Connect Inc.
Verizon Connect Ireland Limited
Verizon Connect Mexico S. de R.L. de C.V.
Verizon Connect Netherlands B.V.
Verizon Connect New Zealand Limited
Verizon Connect NWF Inc.
Verizon Connect Poland Sp. Z.o.o.
Verizon Connect Telo Australia PTY Ltd
Verizon Connect Telo Inc.
Verizon Connect Telo UK Limited
Verizon Connect UK Limited
Verizon Connected Solutions Inc.
Verizon Corporate Resources Group LLC
Verizon Corporate Services Group Inc.
Verizon Costa Rica S.R.L.
Verizon Credit Inc.
Verizon Croatia Ltd.
Verizon Czech s.r.o.
Verizon Data Services India Private Limited
Verizon Data Services LLC
Verizon Delaware LLC
Verizon Denmark A/S
Verizon Deutschland GmbH
Verizon Digital Media Services UK Limited
Verizon Digital Media Services, Inc.
Verizon Dominican Republic S.R.L.
Verizon DPPA Master Trust
Verizon DPPA True-up Trust
Verizon Ecuador Cia. Ltda
Verizon ELPI Holding Corp.
Verizon Estonia OÜ
Verizon European Holdings Limited
Verizon Federal Inc.
Verizon Financial Services LLC
Verizon Finland Oy
Verizon France SAS
Verizon Global Enterprise B.V.
Verizon Hawaii International Inc.
Verizon Hellas Telecommunications, Single Member Limited Liability Company
Verizon Holding Austria GmbH
Verizon Holding do Brasil Ltda.
Verizon Holding France EURL
Verizon Holding Netherlands B.V.
Verizon Hong Kong Limited
Verizon Hungary Telecommunications Limited Liability Company
Verizon Iceland ehf
Verizon India Private Limited
Verizon Information Services-Costa Rica, LLC
Verizon Information Technologies LLC
Verizon Innovation LLC
Verizon International Business Ventures Inc.
Verizon International Holdings Inc.
Verizon International Inc.
Verizon International Limited
Verizon Investment Management Corp.
Verizon Ireland Limited
Verizon Israel Telecommunications Limited
Verizon Italia S.p.A.
Verizon Japan Ltd
Verizon Komunifacije d.o.o., Beograd
Verizon Korea Limited
Verizon Latvia SIA
Verizon Licensing Company
Verizon Ljubljana trgovina in storitive, d.o.o.
Verizon Location Technology Inc.
Verizon Long Distance LLC
Verizon Malta Limited
Verizon Maryland LLC
Verizon Morocco Sarl
Verizon Nederland BV
Verizon Network Integration Corp.
Verizon New England Inc.
Verizon New Jersey Inc.
Verizon New York Inc.
Verizon New Zealand Limited
Verizon North LLC
Verizon Norway AS
Verizon Online LLC
Verizon Owner Trust 2016–2
Verizon Owner Trust 2017–1
Verizon Owner Trust 2017–2
Verizon Owner Trust 2017–3
Verizon Owner Trust 2018–1
Verizon Owner Trust 2018-A
Verizon Owner Trust 2019-A
Verizon Owner Trust 2019-B
Verizon Owner Trust 2019-C
Verizon Owner Trust 2020-A
Verizon Pakistan (Private) Limited
Verizon Panama S.A.
Verizon Patent and Licensing Inc.
Verizon Pennsylvania LLC
Verizon Peru S.R.L.
Verizon Polska Sp. Z o.o.
Verizon Portugal — Sociedade Unipessoal, Lda.
Verizon Puerto Rico LLC
Verizon Purchasing Holdings LLC
Verizon Realty Corp.
Verizon Romania SRL
Verizon Rus LLC
Verizon Saudi Arabia LLC
Verizon Select Services Inc.
Verizon Select Services of Virginia Inc.
Verizon Services Corp.
Verizon Services Ireland Limited
Verizon Services Organization Inc.
Verizon Services Singapore Pte. Ltd
Verizon Servicios Empresariales Mexico, S. de R.L. de C.V.
Verizon Smart Communities HU Kft
Verizon Smart Communities LLC
Verizon Sourcing LLC
Verizon South Inc.
Verizon Spain Holdings, S.L.
Verizon Spain S.L.
Verizon Sweden Aktiebolag
Verizon Switzerland AG
Verizon Taiwan Co. Limited
Verizon Telecomunicacóes do Brasil Ltda.
Verizon Terremark NV
Verizon Trademark Services LLC
Verizon Turnkey Services LLC
Verizon UK Financing Limited
Verizon UK Holding Limited
Verizon UK Limited
Verizon Ukraine LLC
Verizon Uluslararasi Telekomünikasyon Ticaret Anonim Sirketi
Verizon Uruguay S.R.L.
Verizon Venezuela, S.A.
Verizon Ventures LLC
Verizon Virginia LLC
Verizon Washington, DC Inc.
Verizon Wireless Acquisition South LLC
Verizon Wireless Network Procurement LP
Verizon Wireless of the East LP
Verizon Wireless Services, LLC
Verizon Wireless Texas, LLC
Virginia RSA 5 Limited Partnership
Visible Service LLC
Visirun Sp. Z.o.o.
VZB OpCo Nigeria Limited
VZOT 2017–1 True-up Trust
Wasatch Utah RSA №2 Limited Partnership
Western Iowa Cellular, Inc.
Wisconsin RSA #1 Limited Partnership
Wisconsin RSA #6 Partnership, LLP
Wisconsin RSA №8 Limited Partnership
XCI JV, LLC
XCM JV, LLC
XO Asia Limited
XO Communications Services, LLC
XO Virginia, LLC
Yahoo Holdings International B.V.