July 24, 2014 5:43 PM ET

Wireless Telecommunication Services

Company Overview of Verizon Wireless Inc

Company Overview

Cellco Partnership, doing business as Verizon Wireless, provides wireless communication services across wireless networks in the United States. It operates third generation (3G) wireless broadband networks; and fourth generation long-term evolution technology (4G LTE) networks. The company also provides postpaid and prepaid voice services; and sells cell phones, smart phones, tablets, mobile hotspots, USB modems, voice and data plans, and accessories. In addition, it provides solutions and services to small and medium business, and governments. The company serves approximately 102.8 million retail connections and operates approximately 1,700 retail stores in the United States, as well as off...

One Verizon Way

Basking Ridge, NJ 07920

United States

Founded in 1994

Phone:

908-306-7000

Key Executives for Verizon Wireless Inc

Chief Executive Officer
Age: 60
Chief Financial Officer and Vice President
Chief Operating Officer and Executive Vice President
Age: 46
Chairman of The Board and Chief Executive Officer Verizon Communications Inc
Age: 59
President of Verizon Enterprise Solutions
Age: 52
Compensation as of Fiscal Year 2014.

Verizon Wireless Inc Key Developments

Verizon Wireless Expands its XLTE in More Markets Including the Opelika-Auburn Area

Verizon Wireless has expanded its newest technology -- known as XLTE -- in more markets including the Opelika-Auburn area to boost 4G LTE network capacity and enhance high-speed services for customers. Today, more than 350 of Verizon's 4G LTE 500-plus markets have been enhanced with XLTE, with more scheduled to be completed by the end of the year.

Verizon Wireless Expands its XLTE Technology in Dalton, Georgia

Verizon Wireless has expanded its newest technology -- known as XLTE -- in more markets including Dalton, Georgia to boost 4G LTE network capacity and enhance high-speed services for customers. More than 350 of Verizon's 4G LTE 500-plus markets have been enhanced with XLTE, with more scheduled to be completed by the end of the year. XLTE utilizes Verizon's AWS (Advanced Wireless Services) spectrum, which allows Verizon to deliver significantly increased capacity -- at a minimum, doubling the capacity -- over its high-speed 4G LTE network. This means more customers in high-traffic locations can access the company's most advanced technology at the same time to send photos, download videos, surf the Internet and use other popular applications on their smartphones, tablets and other devices during times of peak usage. XLTE technology is particularly effective in enhancing wireless network performance in settings with a concentrated group of high-data demand customers, such as densely-populated areas, rush hour commutes, concert venues, sports arenas/stadiums and other large event locations. XLTE deployment is a major part of the company's ongoing commitment to enhance network reliability and superiority. The company has invested more than $2.25 billion since 2000 to build and enhance its Georgia wireless network.

Verizon Wireless Reports Unaudited Earnings Results for Second Quarter and Six Months Ended June 30, 2014

Verizon Wireless reported unaudited earnings results for second quarter and six months ended June 30, 2014. For the quarter, the company reported operating revenues of $21,483 million against $19,976 million for same period a year ago. Operating income was $6,985 million against $6,464 million for same period a year ago. Segment EBITDA was $9,092 million against $8,511 million a year ago. For six months, the company reported operating revenues of $42,362 million against $39,499 million for same period a year ago. Operating income was $14,303 million against $12,882 million for same period a year ago. Segment EBITDA was $18,471 million against $16,935 million a year ago.

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