An article in The New York Times estimated Verizon Wireless' valuation at about $290 billion. Vodafone received $58.9 billion cash, $60.2 billion in stock and $11 billion in other consideration. Majority owner Verizon Communications became sole owner of its wireless business in 2014, when it bought Vodafone's 45 percent stake. Verizon's acquisitions continued in the 2010s, including the purchases of some Plateau Wireless markets in 2012 and Golden State Cellular's operator in 2014. Those properties were in Alabama, Arizona, California, Colorado, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, South Dakota, Tennessee, Utah, Virginia and Wyoming. As per the agreement, Verizon sold rural wireless properties across 18 states to AT&T. The deal was finalized on January 9, 2009, again making Verizon Wireless the country's largest cellphone network. Also in 2008, Verizon struck a deal to buy Alltel for $5.9 billion in equity while assuming $22.2 billion worth of debt. Throughout the 2000s, Verizon acquired several wireless phone companies and assets across the country, including West Virginia Wireless in 2006 Ramcell in 2007 Rural Cellular Corporation and SureWest Communications, both in 2008. Verizon Wireless held this market position until AT&T Wireless Services acquired Cingular Wireless in 2004. Regulators with the Federal Communications Commission approved the Bell Atlantic–GTE merger on June 16, 2000, creating the largest wireless company in the United States. Verizon Communications owned 55 percent of Verizon Wireless while Vodafone retained 45 percent ownership. In April 2000, the companies announced that the Bell Atlantic–GTE merger would take the name Verizon and that the Bell Atlantic–Vodafone wireless unit would be called Verizon Wireless (legally Cellco Partnership d.b.a. The joint venture was being created as Bell Atlantic underwent a merger with GTE Corporation.
In September 1999, American phone company Bell Atlantic and British-based Vodafone Airtouch PLC proposed they would create a new wireless phone service joint venture valued at $70 billion. It is still seen on the front interior of many stores. History Verizon's original logo, used from Apto September 1, 2015. Verizon Wireless announced in 2015 that it was developing a 5G, or fifth-generation, network. Its LTE in Rural America Program, with 21 rural wireless carriers participating, covers 2.7 million potential users in 169 rural counties. Verizon Wireless offers mobile phone services through a variety of devices. population, which in the second half of 2020 won or tied for top honors in each category of the RootMetrics RootScore Reports. It operates national 5G NR and 4G LTE networks covering about 99 percent of the U.S. Verizon Communications became the sole owner in 2014 after buying Vodafone's 45-percent stake in the company. It was founded in 2000 as a joint venture of American telecommunications firm Bell Atlantic, which would soon become Verizon Communications, and British multinational telecommunications company Vodafone. The company is headquartered in Basking Ridge, New Jersey. Verizon is the second-largest wireless carrier in the United States, with 143.3 million subscribers at the end of Q4 2022. In a 2019 reorganization, Verizon moved the wireless products and services into the divisions Verizon Consumer and Verizon Business, and stopped using the Verizon Wireless name. Verizon is an American wireless network operator that previously operated as a separate division of Verizon Communications under the name Verizon Wireless.
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