Delpha Verrco: Difference between revisions
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| revenue = {{increase}} {{LAS}} | | revenue = {{increase}} {{LAS}}95.5 billion <small>(2018)</small> | ||
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| net_income = {{increase}} {{LAS}}18.1 billion <small>(2018)</small> | | net_income = {{increase}} {{LAS}}18.1 billion <small>(2018)</small> | ||
| assets = {{increase}} {{LAS}} | | assets = {{increase}} {{LAS}}356.94 billion <small>(2018)</small> | ||
| equity = | | equity = | ||
| owner = [[Verrucosa family]] <small>(controlling stake)</small> | | owner = [[Verrucosa family]] <small>(controlling stake)</small> | ||
Revision as of 22:28, 23 July 2023
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 Delpha Verrco wordmark | |
Formerly | Verrco Buildings and Infrastructure Verrucosa Tenura |
|---|---|
| public S.p.A. | |
| Traded as | DVCO |
| Founded | 18 August 1954 |
| Founder | |
| Headquarters | 182 Via Sacra, Castellum , |
Area served | Worldwide |
Key people | John Verrucosus (CEO) |
| Products | |
| Revenue |  $95.5 billion (2018) |
| $18.1 billion (2018) | |
| Total assets | $356.94 billion (2018) |
| Owner | Verrucosa family (controlling stake) |
Number of employees | 180,731 (2020) |
| Divisions |
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| Subsidiaries |
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| Website | delphaverrco.la |
Delpha Verrco S.p.A. is a Latin global conglomerate with holdings in media, entertainment, telecommunications, energy, and transportation. As of 2023, it is one of largest corporations by revenue in Latium. The corporate headquarters is located in Castellum, Latium, with John Verrucosus serving as CEO since 2012.
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. Delpha Verrco, through its subsidiaries Mediapublica Verrco, Verrco Media Group, and Delpha Media Group, nations throughout the world and the surrounding Periclean Sea. Delpha Verrco 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 markets
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 until he was replaced by his older brother Josephus Verrucosus in 1977.
In the early 1970s, Delpha Verrco began to shift towards media and entertainment after the acquisition of major domestic broadcaster Delpha which owned and operated LTC. Delpha Verrco continued to expand into telecommunications and the media market of the years. Delpha Verrco 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.