Verizon Wireless (legally named Cellco Partnership) is the largest American wireless company and largest wireless data provider, based on revenues. Verizon Wireless owns and operates the second largest wireless telecommunications network in the United States, based on total wireless customers. As of July 2007, the company served a total of 62.1 million U.S. subscribers and had an annual revenue of $38.0 billion. 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.
Verizon Communications, Inc. (NYSE: VZ) is an American broadband and telecommunications company and a component of the Dow 30. It was formed in 2000 when Bell Atlantic, one of the Regional Bell Operating Companies, merged with GTE, formerly the largest independent local exchange telephone company in the United States. Prior to its transformation into Verizon, Bell Atlantic had merged with another Regional Bell Operating Company, NYNEX, in 1997. The name is a portmanteau of veritas and horizon.
Verizon was founded in 1983 as Bell Atlantic Corporation. It inherited seven Bell Operating Companies from American Telephone & Telegraph following its breakup. Bell Atlantic's original roster of operating companies included:
New Jersey Bell Telephone Company Telephone Company
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