Verizon Wireless, formerly known as Cellco Partnership, branded and referred to as Verizon, is a wholly owned subsidiary of Verizon Communications Inc. Verizon Wireless provides wireless services to 122 million subscribers as of Q1 2014. Headquartered in Basking Ridge, New Jersey, the company was originally a joint venture of American telecommunications firm Bell Atlantic, which would soon become Verizon Communications, and global British telecommunications company Vodafone.
On April 3, 2000, Verizon Communications began operations as the result of the merger between Bell Atlantic and GTE. Before that, however, in September 1999, UK-based Vodafone AirTouch Plc. had announced a $90-billion joint venture with Bell Atlantic to establish a wireless service provider. The venture received regulatory approval in six months, and began operations as Verizon Wireless on April 4, 2000. Verizon Communications owned 55%, and UK-based Vodafone Group (formerly Vodafone AirTouch) owned 45%. It consisted of the two companies' U.S. wireless assets: Bell Atlantic Mobile and AirTouch Paging. On June 30, with the addition of GTE Wireless' assets, in connection with the formation of Verizon Communications, made Verizon Wireless the largest mobile network operator in the United States. It held that position until Cingular's acquisition of AT&T Wireless in 2004, and again after their acquisition of Alltel in 2009.
Source: Wikipedia.
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