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The company emerged from bankruptcy in 2004 with about $5.7 billion in debt and $6 billion in cash. About half of the cash was intended to pay various claims and settlements. Previous bondholders ended up being paid 35.7 cents on the dollar, in bonds and stock in the new MCI company. The previous stockholders' stock was cancelled. [24]
Verizon Communications Inc. (/ v ə ˈ r aɪ z ən / və-RY-zən), is an American telecommunications company headquartered in New York City. [3] It is the world's second-largest telecommunications company (after China Mobile) by revenue and its mobile network is the largest wireless carrier in the United States, with 114.8 million subscribers as of March 31, 2024.
TracFone Wireless, Inc. (TFWI) was an American wireless service provider.It was a mobile virtual network operator offering prepaid and no-contract service on the AT&T Mobility, T-Mobile US, and Verizon networks [2] under multiple brands, including TracFone, Net10 Wireless, GoSmart Mobile, Page Plus Cellular, SafeLink Wireless, Simple Mobile, Total Wireless, and Straight Talk Wireless (in ...
Verizon is an American wireless network operator that previously operated as a separate division of Verizon Communications under the name Verizon Wireless.In a 2019 reorganization, Verizon moved the wireless products and services into the divisions Verizon Consumer and Verizon Business, and stopped using the Verizon Wireless name.
EarthLink logo from 1998–2015. EarthLink was founded in July 1994 by Sky Dayton when he was 23 years old. [8] Dayton was convinced of the need for a simple, user-friendly dial-up Internet service provider (ISP) after spending an entire week trying to configure his own computer for Internet access. [9]
It is the world's third-largest telecommunications company by revenue and the second-largest wireless carrier in the United States behind Verizon but ahead of T-Mobile. [5] As of 2023, AT&T was ranked 13th on the Fortune 500 rankings of the largest United States corporations, with revenues of $122.4 billion.
On April 1, 2020, Sprint completed its merger of Sprint Corporation and T-Mobile US,, which was majority-owned by Deutsche Telekom, leaving T-Mobile the parent company. The merger also led to Softbank holding 24% of the new T-Mobile's shares, while 43% of shares are held by Deutsche Telekom. The remaining 33% will be held by others.
Consumer Cellular, Inc. is an American postpaid mobile virtual network operator founded by John Marick and Greg Pryor in Portland, Oregon in October 1995. [3] The company offers cellphones, no-contract cellphone plans, and accessories with a focus on users over age 50.