Verizon Wireless News

Verizon Wireless, is the the largest mobile telecommunications network in the U.S., based on a total of 93.2 million subscribers, as of the third quarter of 2010. Formerly known as Bell Atlantic Corporation, Verizon was incorporated in 1983 under the laws of the State of Delaware. Verizon began doing business as Verizon on June 30, 2000 following its merger with GTE Corporation. Verizon Communications owns a controlling 55% interest in Verizon Wireless, and Vodafone owns the remaining 45%. Verizon Wireless provides wireless voice and data services across one of the most extensive wireless networks in the U.S. and has the largest third generation (3G) network of any U.S. wireless service provider. In addition, Verizon have begun the deployment in our network of a 4G technology, LTE, which provides higher data throughput performance and improved network efficiencies. As of December 31, 2010, this 4G LTE network was deployed in 38 major metropolitan areas and more than 60 commercial airports in the United States. Verizon expect to deploy 4G LTE in an additional 140 markets by the end of 2011 and in virtually our entire current 3G network footprint by the end of 2013. On February 10, 2011, Verizon began selling Apple's iPhone, ending AT&T's reign as its exclusive carrier. Verizon's most popular selling devices include the iPhone 4, iPad 2, "Motorola Droid 2 and Droid X, BlackBerry Curve, Motorola Xoom, and the Samsung Fascinate. Source: SEC Filings