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Verizon Communications Inc. (NYSE: VZ, NASDAQ: VZ) is an American broadband and telecommunications company and a component of the Dow Jones Industrial Average. It was formed in 1983 as Bell Atlantic as part of the 1984 AT&T breakup into seven Baby Bells. Prior to its transformation into Verizon, Bell Atlantic had merged with another Regional Bell Operating Company, NYNEX, in 1997. The name is a portmanteau of veritas and horizon, and its pronunciation rhymes with horizon. The company's headquarters are located in the Verizon Building in Lower Manhattan, New York City.