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Verizon Is Top Telecommunications Company in Fortune Magazine's 2012 List of World's Most Admired Companies
Company Achieves Top Industry Ranking for Second Time in Three YearsNews Release
NEW YORK – March 1, 2012 –
Fortune magazine has ranked Verizon No. 1 in the telecommunications sector of the publication's 2012 list of the World's Most Admired Companies.
Verizon received the top ranking in six out of nine reputation categories: Innovation, People Management, Use of Corporate Assets, Quality of Management, Long-Term Investment and Quality of Products/Services. Fortune's Most Admired Companies list is based on surveys of executives, directors and analysts who were asked to rate companies in their own industry.
"As we bring the awesome power of our superior networks and technologies to people around the world, we work hard every day to be a positive force for our customers and society," said Tom Tauke, executive vice president - public affairs, policy and communications at Verizon. "It's especially pleasing to note that our efforts have made an impact with our peers and competitors, and we're honored by this recognition."
As a leader in mobility, broadband and global connectivity, Verizon's products help enable the relationships that make society possible. In 2011, the company formalized a strategy called "Shared Success," under which it will create long-term business and social value by bringing the transformational power of technology and innovation to the needs of its customers and communities.
The complete list of the World's Most Admired Companies, and related stories, will appear in Fortune's March 19 issue, which will be available on newsstands next week. Verizon's ranking can be found at http://money.cnn.com/magazines/fortune/most-admired/2012/snapshots/2773.html.
Verizon was also ranked as the most admired telecommunications company in the 2010 list of World's Most Admired Companies.
Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, with nearly 108 million total connections nationwide. Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500. A Dow 30 company with $111 billion in 2011 revenues, Verizon employs a diverse workforce of nearly 194,000. For more information, visit www.verizon.com.
Ray McConville, 908-559-3504