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Formerly | Verrucosus Buildings and Infrastructure |
|---|---|
| public S.p.A. | |
| Traded as | VT |
| Founded | 19 April 1951 |
| Founder | |
| Headquarters | 182 Via Sacra, Utica , |
Area served | Worldwide |
Key people | John Verrucosus (Chairman, CEO, and President) |
| Products | |
| Revenue |  $164.5 billion (2018) |
| $28.1 billion (2018) | |
| Total assets | $486.94 billion (2018) |
| Owner | Verrucosa family (controlling stake) |
Number of employees | 200,731 (2020) |
| Divisions |
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| Subsidiaries |
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| Website | verrucosaten.la.co |
Verrucosa Tenura S.p.A. (Verrucosa Holdings) is a Latin global conglomerate with holdings in media, entertainment, telecommunications, energy, and transportation. As of 2016, it is the largest corporation by revenue in Latium. The corporate headquarters is located in Utica, Latium, with John Verrucosus serving as CEO since 2000.
Verrucosus Holdings is the largest pay-TV company in Latium, and the xth largest in the world, as well as the largest internet service provider and cable TV subscriber in Latium. Verrucosus, through its subsidiaries Mediapublica Verrucosa, Verrucosus Media Group, and Delpha Media Group, nations throughout the world and the surrounding Periclean Sea. Verrucosus is the chief operator of LTC, a broadcast network station and all of its corresponding cable networks including LTCNuntia, LTCA, ITV, C!, as well as the various Delpha family of networks outside of Latium and other foreign-based networks worldwide tailored to individual nations
History
The corporation was founded in spring 1951 by brothers Josephus Verrucosus and Valens Verrucosus, with financial backing from Marius Claudius, after being awarded a contract by the Latin government for rebuilding areas of the country following the end of the Social War. The company was initially named Verrucosa Building and Infrastructure, and was later renamed when it began to absorb other industries, including LTC. Initially the company relied upon the Latin monarchy for its primary investment. From 1950 until 1958, the Duchy of Adrianople controlled as much as 88% of the company, of which a 5% non-voting ownership is retained by the Latin Imperial Family. Valens Verrucosus served as the company's first CEO and President, though was succeeded by his brother Josephus Verrucous, who served as CEO until 1984.
In the early 1960s, Verrucosa began to shift towards media and entertainment after the acquisition of major domestic broadcaster LTC. Verrucosa continued to expand into telecommunications and the media market of the years. Verrucosus Holdings is a publicly traded company in Latium, but the Verrucosa family owns or controls just over 25% of all shares, and a non-dilutable 49% voting power over the company.