Verizon
Verizon

Cellco Partnership has been doing business with Verizon Wireless (shortened to Verizon). It is an American telecommunications company that offers wireless services and products. It is a subsidiary of Verizon Communications. Verizon has over 118.7 million subscribers and is the second-largest wireless telecommunications provider in the United States after AT&T.

Verizon operates a national 4G LTE network covering about 98 percent of the U.S. population, for which in December 2015, Verizon won or tied for top honors in each category of the RootScore RootMetrics Reports. Verizon offers mobile phone services through a variety of devices.

It has an LTE in the Rural America Program, which with 21 rural wireless carriers participates and covers 2.7 million potential users in 169 rural counties. In 2015 Verizon announced that it was developing a 5G, also known as a fifth-generation network.

Inception

An American company, Bell Atlantic and U.K.-based company Vodafone Airtouch PLC, in September 1999,  proposed they would create a new wireless phone service joint venture valued at $70 billion. The joint venture was being created by Bell Atlantic, and the company was also going for a merger with GTE Corporation. The companies announced in April 2000 that the Bell Atlantic–GTE merger would take the name Verizon and that the Bell Atlantic–Vodafone wireless unit would be called Verizon Wireless.

Verizon Communications owns 55 percent of Verizon, while Vodafone retained 45 percent ownership. On June 16, 2000, Regulators with the Federal Communications Commission approved that Bell Atlantic–GTE merger is completed, and it became the largest wireless company in the U.S. Verizon was on top of wireless communication until 2004 when Cingular acquired AT&T Wireless Services.

Verizon’s headquarter is in Basking Ridge, New Jersey. It was founded in 2000 as a joint venture with American telecommunications firm Bell Atlantic, which became Verizon Communications. In 2014 Verizon Communications became the sole owner after buying Vodafone’s 45-percent stake in the company.

Evolution

Verizon acquired various wireless phone companies and assets across the country in the 2000s, including West Virginia Wireless in 2006, Ramcell in 2007, and in 2008, Verizon acquired both the company’s Rural Cellular Corporation and SureWest Communications. Also, in 2008, Verizon did a deal to buy Alltel for $5.9 billion in equity while assuming $22.2 billion worth of debt. When the deal was finalized on January 9, 2009, Verizon again became the country’s biggest cellphone network.

Verizon then sold rural wireless properties across 18 states to AT&T. Those properties were in California, Colorado, Iowa, Alabama, Arizona, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, South Dakota, Tennessee, Utah, Virginia, and Wyoming. 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.

Verizon uses deep packet inspection for server-side insertion of a customer-unique ID field (“X-UIDH”) into all unencrypted HTTP headers. The mechanism has been referred to as “perma-cookie” or “supercookie,” although it is not a cookie in which it does not store information on the customer’s device and is transparent to the user. It cannot be skipped with common mechanisms like ad-blockers; it cannot be inserted into encrypted HTTPS and VPN connections.

The Electronic Frontier Foundation has called on Verizon to terminate the program and called it a “profound violation of trust,” saying it was concerned over abuse by third parties and questioning the legality of Verizon for modifying its users’ outgoing data without offering them the possibility of opting out. Verizon announced it would give customers the option of opting out in January 2015, and since April 1, 2015, Verizon has allowed its customers to opt-out either online or by calling a special phone number.

Awards & Achievements

Verizon is a famous and decent company, and for that, the company has won many awards out of which some are as follows: Verizon was ranked highest for Small/Medium Business (20-499 employees) among business wireline service providers for three years continuously, according to the J.D. Power 2019 U.S. Business Wireline Satisfaction Study. Verizon was also ranked highest for Very Small businesses (1-19 employees). Verizon received a 100% rating in the 2020 Corporate Equality Index (CEI) Award in 01.20.2020.

Net Worth of Verizon in 2021

Verizon Net Worth
Verizon Net Worth

Verizon is one of the largest telecommunications technologies in the U.S., and it’s logical that it’s a multi-billion company. Verizon has over 118.7 million subscribers, and it should be obvious that it is one of the best service providers in the U.S. Verizon has an estimated net worth of about $250 billion as of April 2021, and its worth will go-on to increase in the coming years.

Verizon is one of the best and largest companies for telecommunications technologies in the U.S. It has always provided the best experience for its customers, and because of that, it has over 118.7 million subscribers. Verizon has also provided its services to rural areas of the country so that the people can stay connected from wherever they want.

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