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Headquarters:
295 N. Maple Ave.
Basking Ridge, NJ 07920
Employees: 69,000
CEO: Lowell MacAdam
Jointly owned by Verizon and Vodafone
Website:
http://www.verizonwireless.com
Career Site
Verizon Wireless operates the second-largest cellular phone service
in the nation with 65.7 million customers nationwide. The service
gained 6.9 million customers in 2007.
Verizon Wireless reported $43.9 billion
in revenues in 2007.
The company sells phones from 2,400 retail
stores and kiosks nationwide and uses CDMA technology. The company
launched VCast in 2005, the nation's first wireless broadband
multimedia service for consumers offering downloadable videos,
games and music.
Verizon Wireless continued to extend the
reach of its nationwide high-speed wireless broadband network,
powered by EV-DO Revision A (Rev. A) technology, making it available
to more than 240 million Americans by year-end. More than
half of the company's retail customers -- 35 million -- had broadband-capable
devices by year-end.
Features offered by Verizon Wireless include:
V CAST Music for downloading music, listening to tunes and watching
music videos; V CAST for video clips, 3D games and other multimedia
services; V CAST Mobile TV for broadcast and cable television
live content and programming.
Verizon Wireless has 170 switching facilities
and over 23,000 cell sites
Verizon Wireless is a joint venture of
Verizon Communications and British-based
Vodafone. It was launched in April, 2000.
Vodafone is the world's largest mobile
telecommunications company, with equity interests in 25
countries and Partner Networks in an additional 36 countries.
As of December 2006, British-based Vodafone had approximately 198.6
million proportionate customers worldwide.
Benefits
Insurance
Medical/dental (full and part-time)
Vision care
Life/AD&D
Disability
Prescription drug benefits
Time away
Paid vacation
Personal days
Holidays
Flexible scheduling
Savings and discounts
401K and profit sharing
Health and dependent care spending accounts
Employee phone discount
Fitness centers at some locations
Family
Employee assistance
Adoption assistance
Education and training
Tuition assistance
On-the-job training
Short-term incentive
As part of our Total Rewards Program, Verizon Wireless provides
a yearly short-term Incentive (cash bonus) designed to reward
an employee for both Company and individual performance. All
regular, full-time and/or part-time employees who are actively
at work on the last day of the plan year and are not covered
under a sales incentive plan are eligible to participate in the
program.
Long-term incentive
Verizon Wireless offers employees Value Appreciation Rights
(VARS). Like stock options, VARs allow employees to share in
the increasing value of Verizon Wireless. Subject to certain
employment eligibility requirements, full-time and part-time
employees who work at least 20 hours per week are eligible for
this long-term incentive program. It delivers value to you based
on the change in the value of the company. If and when the company
goes public, VARs may convert into stock options.
Updated January 28, 2008
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