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Company Profile
- Genuity Inc.
- Country : United States
- City: Woburn
- State: Massachusetts - MA
- Address: 225 Presidential Way
- Zipcode: 01801
- Category: Fortune 1000 Companies
- Description: Genuity is a genuine veteran of the Internet. A descendant of pioneer BBN, which was bought by GTE in 1997, Genuity's operations are based on its Tier 1 fiber-optic network and data centers. The network services provider's clients have included Sun Microsystems, EarthLink, Yahoo, and AOL (which once accounted for nearly 40% of sales). Investors in Genuity include former parent Verizon and Citigroup. Faced with continued losses, the company in 2002 reduced spending and cut 30% of its workforce. It faced another setback when Verizon announced it would not retake over control, as originally planned, and Genuity has filed for bankruptcy and agreed to be acquired by Level 3 in a deal valued at $242 million.
- Products: Computer & Data Services