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Cellco Partnership

 
Hoover's Profile: Cellco Partnership
Contact Information
Cellco Partnership
1 Verizon Way
Basking Ridge, NJ 07920
NJ Tel. 908-559-2000

Type: Joint Venture
On the web: http://www.verizonwireless.com
Employees: 85,800
Employee growth: 24.3%

A strong alliance with a trusted partner can be the cornerstone of a great enterprise. While only time will tell how this union will fare as the telecommunications industry evolves, for now, Cellco Partnership is the #1 US wireless phone operator in terms of subscribers (ahead of rival AT&T Mobility). Serving more than 80 million consumers, business, and government customers nationwide under the Verizon Wireless brand, the joint venture is controlled by Verizon Communications (which owns 55% of the company); UK-based global communications giant Vodafone Group owns the remaining share. The company also offers mobile data services, including text messaging, multimedia content (V CAST), and Web access.

Key numbers for fiscal year ending December, 2008:
Sales: $49,332.0M
One year growth: 12.4%
Net income: $13,289.0M
Income growth: 22.4%

Officers:
President, CEO, and Director: Lowell C. McAdam
COO: Daniel S. (Dan) Mead
VP Business Development, Cellco Partnership and Rural Cellular: Margaret P. (Molly) Feldman

Competitors:
AT&T Mobility
Sprint Nextel
T-Mobile USA

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