I doubt it will be a very long-standing logo. What's funny is that Verizon's logo adorns all their retail outlets, support centers, etc. Someone--several someone's--actually thought this was a worthwhile idea. Someone came up with this, presented it to others in marketing & design, and it somehow made it up the ladder of approval. I am amazed. It is something that I don't think a college or professional design student would present for serious project; that it is the highest form of art that Verizon's people could come up with says a lot, because the design says 'we weren't even really trying' to me.
A company's logo is the face of that company day in and day out, and this one isn't going to be inspiring confidence for most who see it.