Cellco Partnership, doing business as Verizon Wireless, owns and operates the largest wireless telecommunications network in the United States, based on a total of 83.7 million U.S. subscribers,.[1] ahead of AT&T Mobility’s 77 million subscribers.[2] However, approximately 2.1 million of these customers are required to be divested in the coming months, leaving Verizon Wireless with approximately 81.6 million subscribers. [3] Verizon Wireless has the largest revenue of all United States wireless companies reporting $43.9 billion in 2007. Headquartered in Basking Ridge, New Jersey, the company is a joint venture of Verizon Communications and Vodafone Group, with 55 and 45 percent ownership respectively.[4] On January 9, 2009, Verizon Wireless acquired Alltel Wireless in a deal valued at $28.1 billion.
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The acquisition expanded Verizon’s wireless network to cover approximately 290 million people and established Verizon as the largest United States wireless carrier, based on number of subscribers. Alltel will remain a wholly owned subsidiary until mid 2009.[5]
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