Who Owns Verizon Wireless and What Is Verizon Wireless

Are you new to Verizon Wireless, or would you want to know what it is and who owns it? This article helps you know more about Verizon Wireless; the information you need before switching. Verizon wireless is, however, a unique company as its reputation is known in the whole of the US. Let’s take a look at it.

 Verizon Wireless is one of the significant and popular wireless network providers in the US and is headquartered in New York City of the US. The company offers prepaid and postpaid no-contract phone services. They include plans with unlimited text, talk, and 5G LTE data to consumers using the CDMA technology.

Being a primary network provider, the company has extensive network coverage in the US and extends its services to over 40 countries in the Americas, Europe, Asia, and the Pacific. It, therefore, has good phone plans and super-fast internet connectivity, among other privileges, making it a carrier of choice for many consumers. So, who owns this mega network provider?

Who owns Verizon Wireless?

Who Owns Verizon Wireless

Verizon Wireless is a well-known network provider in the US and is owned by Verizon Communications Inc., a leading provider of wireless, fiber optic, and global internet networks and services. Currently, the carrier is run and managed by Han Vestberg, the CEO and chairman of Verizon.

The company was launched in April 2000 as a joint venture of American firm Bell Atlantic, soon to become Verizon communication, and British company Vodafone. However, since Verizon had a 55% share, it became the majority owner of Verizon Wireless and owned the management control. Verizon became the sole owner of Verizon wireless in 2014 after acquiring Vodafone’s 45% stake in the company.

What is Verizon Wireless?

Verizon Wireless is an American wireless network operator offering wireless telecommunications services, devices, and solutions. It is one of the largest wireless carriers operating a national 4G LTE and 5G network covering over 98% of the US population. The company offers voice, text, data, and video services delivering on customers’ demand for mobility, reliable network connectivity, security, and control.

Verizon provides some of the most potent unlimited plans on the market with fantastic coverage, tons of hotspot data, flexible family plan options, and a rapidly expanding 5G ultra-wideband network that offers unprecedented speeds. Customers can purchase a phone with a SIM card from Verizon or opt for the Verizon BYOP plan. They also get to keep their phone number when making the switch.

Additionally, the company uses the CDMA technology to provide network coverage for several leading mobile virtual network operations in the US, including, Twigby, Red Pocket, Ting, Pix, Spectrum Wireless, Tracfone, Net10, and Straight talk. This means it is a trusted company that provides quality and comprehensive network coverage to America and beyond.

Bottom line

Verizon Wireless is an American network provider owned by Verizon Communication inc. to provide wireless phone services. The company provides among the most powerful phone plan options with fantastic coverage and a 5G network connectivity. It uses the CDMA network technology with 4G LTE and 5G connectivity and has several MVNOs operating its network towers.