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Verizon Wireless, which is legally known as Cellco Partnership, is a mobile network operator in the US, with approximately 45.5 million subscribers as of March 2005.
The company claims to be the most profitable wireless communications provider in the US, in terms of operating income. It is the second-largest domestic wireless carrier in terms of the number of customers and revenues, and offers wireless voice and data services across one of the most extensive wireless networks in the US.
Verizon Wireless has Federal Communications Commission (FCC) licences to offer services in areas where approximately 269 million people reside. The company's owned and operated network provides service in, or covers, areas where approximately 90% of the population in its licensed markets resides, equating to coverage for approximately 243 million people, including in 49 of the top 50 and 97 of the top 100 most populated US metropolitan areas.
CDMA technology is Verizon Wireless' primary network technology platform. The company began implementing CDMA digital technology in 1996 with the deployment of IS-95. Since 2003, the digital service has been available to all of the population to which the company provides coverage. In the first quarter of 2002, Verizon Wireless commercially launched CDMA technology’s compatible 1XRTT upgrade. 1XRTT is presently deployed in virtually all of the company's cell sites nationwide. In October 2003, the company launched commercial EV-DO service, branded and marketed as BroadbandAccess, in San Diego and in Washington, DC and certain of its suburbs. In 2004, the company commercially deployed EV-DO technology in an additional 30 of its largest markets. Coverage expansions and additional market launches are planned for 2005.
The company's owners are wholly-owned, indirect subsidiaries of Verizon Communications Inc, which is the largest provider of wireline communications in the US and is itself currently bidding for control of MCI, and wholly-owned, indirect US subsidiaries of Vodafone Group Plc, one of the leading wireless telecommunications companies in the world. Verizon Communications owns 55% of Verizon Wireless, with Vodafone holding the remaining 45% stake. (Both Verizon Communications Inc and Vodafone Group Plc are covered in separate profiles as part of the Network Operators Worldwide (NOW) service.)
