Nation's largest cellular phone company.
Total revenues for 2015 at Verizon Wireless were $91.7 billion, up 4.6 percent over 2014.
Average revenue per account at Verizon Wireless was $152.63 per month at the end of 2015, down 4.5% for the year. Smartphones accounted for 73 million users in the company's customer base.
The company sells phones from over 1,700 retail stores and kiosks nationwide. The company launched the largest 4G LTE Network in the country in December 2010 and is now available in over 500 markets across the U.S. reaching 95% of the population.
Verizon Wireless offers a variety of phones and service plans including regular cell phones, smart phones, and tablets.
Features offered by Verizon Wireless include: Mobile Broadband for staying connected coast to coast on laptops, tablets, smartphones and other non-traditional wireless devices; Verizon Tones for ringtones and ringback tones; Verizon Video for full-length videos of popular cable and broadcast shows, Verizon Apps for 3D games and other apps; Text and picture messaging.
Verizon began selling Apple's iPhone on its network on February 10, 2011. Verizon also sells phones from Samsung, Motorola, HTC, Nokia, LG, Kyocera and Pantech.
The company recently introduced Verizon Edge, a flexible equipment payment plan that spreads the retail price of a phone over 24 months. You can also upgrade to a new phone after six months if 50 percent of the retail cost has been paid.
Verizon Wireless has 175 switching facilities and over 23,000 cell sites. Headquarters are in Basking Ridge, NJ.
Regional headquarters are located below:
Northeast - Morristown, NJ
Verizon Wireless acquired Alltel on January 2009.
Verizon Wireless was formed as a joint venture of Verizon Communications and British-based Vodafone in April, 2000.
Verizon bought out Vodafone's 45% stake in the company for $130 billion in cash and stock in February 2014.
Updated January 27, 2016