Pros
Theres a lot of exposure to new technology, especially with FiOS. Its pretty cool to be part of an "old telephone company" and still be an innovater entering new markets. Everyone I work with is really hardworking, dedicated and driven. Theres no cut throat attitude.. Also being fairly new, theres a lot of support for development. I have several mentors and have already attended a fair share of conferences and meetings requiring travel. I am also proud of the fact that with all the competition going on for reaching new markets and selling products, we haven't stooped to mud slinging. It reinforces my faith in our product.
Cons
Verizon Telecom is a large corporation and as with any large companies, there are some pros and cons. I haven't experienced it much, but with all the mergers between the different telephone companies (GTE, fBA, etc), there are a lot of systems and processes in IT that aren't necessarily efficient. That is the only complaint I have heard of.