Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


March 28, 2015 8:38 PM ET

Wireless Telecommunication Services

Company Overview of Verizon Wireless Inc

Company Overview

Cellco Partnership, doing business as Verizon Wireless, provides wireless communication services across wireless networks in the United States. It operates third generation (3G) wireless broadband networks; and fourth generation long-term evolution technology (4G LTE) networks. The company also provides postpaid and prepaid voice services; and sells cell phones, smart phones, tablets, mobile hotspots, USB modems, voice and data plans, and accessories. In addition, it provides solutions and services to small and medium business, and governments. The company serves approximately 102.8 million retail connections and operates approximately 1,700 retail stores in the United States, as well as off...

One Verizon Way

Basking Ridge, NJ 07920

United States

Founded in 1994

Phone:

908-306-7000

Key Executives for Verizon Wireless Inc

Chief Executive Officer, President and Member of Board of Representatives
Age: 60
Chief Operating Officer and Executive Vice President
Age: 46
Chairman of The Board and Chief Executive Officer Verizon Communications Inc
Age: 59
President of Verizon Enterprise Solutions
Age: 52
President of Southern California Region
Compensation as of Fiscal Year 2014.

Verizon Wireless Inc Key Developments

Verizon Wireless Announces Expansion and Enhancement of Network in Central Texas in 2014

Verizon Wireless announced that it enhanced its network across multiple markets in Central Texas in 2014. It also implemented its newest technology, XLTE, in several communities. Reportedly, XLTE was activated by Verizon in 16 markets, including Frisco, Allen, Grapevine, Austin, New Braunfels, Midland, Odessa, Corpus Christi, Lubbock, Shreveport, Amarillo, Abilene, Waco, Texarkana, Wichita Falls, Longview, Tyler and Sherman. These activations boost 4G LTE network capacity and enhance high-speed services for new and existing customers in the region. Also, new LTE sites were activated in major cities, such as Austin, Dallas-Fort Worth and San Antonio. The expanded network capacity in suburbs surrounding major cities, such as Allen, Frisco and Fairview will support the rapid growth in population and new business there, as well as support high-traffic locations such as malls, sports arenas and concert venues. Specifically in Allen, the Verizon XLTE network provides incremental support for present and future customers in the newly developed residential areas west of Allen near Highway 121. In addition, the Central Texas Network team enhanced cell sites and coverage in 2014 during large-scale, national events, such as the Formula One Grand Prix race in Austin, IndyCar racing at Texas Motor Speedway in Dallas-Fort Worth and Austin's annual music, film and interactive media conference.

Verizon Wireless Enhances Service on BART

Verizon Wireless announced it has enhanced its service on BART (Bay Area Rapid Transit) to provide riders with the best high-speed data experience possible. Throughout BART tunnels, stations and the Transbay Tube, Verizon deployed XLTE, adding more capacity to its 4G LTE network to deliver faster peak data speeds for commuters. Verizon's enhanced service is now available to BART riders throughout the East Bay and San Francisco, with the Colma to Millbrae section to be completed by mid-2015. Verizon Wireless' Advanced Calling 1.0 (VoLTE) is also now available throughout the BART system.

Google In Talks With Softcard

Google Inc. (NasdaqGS:GOOGL) is interested in buying Softcard from AT&T, Inc. (NYSE:T), T-Mobile US, Inc. (NYSE:TMUS) and Verizon Wireless Inc. The price may be under $100 million, according to our sources. Google declined to comment. “We don’t have a comment, background, deep background, off the record steer, nod, wink or any other verbal or non-verbal response to these sorts of rumors,” the company said. PayPal, Inc. and Microsoft Corporation (NasdaqGS:MSFT) have also approached Softcard.

Similar Private Companies By Industry

Company Name Region
Radiofone, Inc. United States
Design Build Technologies, LLC United States
RPM Advantage, Inc. United States
Mountainside Teleport Corporation United States
Clearwire US LLC United States

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
February 5, 2015
RadioShack Corp.
Bankruptcy
November 3, 2014
UniTek Global Services, Inc.
Merger/Acquisition
April 16, 2014
Mobi PCS, Inc., Statewide Spectrum
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Verizon Wireless Inc, please visit www.verizonwireless.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.