What does NYNEX mean in Firms?
This page is about the meanings of the acronym/abbreviation/shorthand NYNEX in the Business field in general and in the Firms terminology in particular.
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What does NYNEX mean?
- NYNEX Corporation was a telephone company that served five New England states as well as most of New York state, except the Rochester area, from 1984 through 1997. Formed January 1, 1984, as a result of the Bell System Divestiture, NYNEX was a Regional Bell operating company made up of former AT&T subsidiaries New York Telephone and New England Telephone. Hence, the name NYNEX stood for New York/New England, with the X representing the unknown future, but the X is also widely believed to mean eXchange. NYNEX merged with Bell Atlantic on August 14, 1997, in what was, at the time, the second largest merger in American corporate history. Although Bell Atlantic was the surviving company, the merged company moved from Bell Atlantic's headquarters in Philadelphia to NYNEX' headquarters in New York City. On June 30, 2000, Bell Atlantic acquired GTE to form Verizon Communications. NYNEX also operated cable television and telephone services in the United Kingdom, with offices in Waterlooville, Baguley, Shoreham-by-Sea, Leatherhead and Antrim. In 1997, the UK assets of NYNEX were merged with the Cable & Wireless subsidiary Mercury Communications and cable operators Vidéotron and Bell Cablemedia, and renamed as Cable & Wireless Communications. Cable & Wireless's cable assets were sold to NTL in 2000. In 2006, NTL merged with telewest and later re-branded on 8 February 2007 as Virgin Media.