Tuesday, April 26, 2011
Verizon Investors- Giavanna Zannino-Peppe
Although Verizon Wireless is the largest mobile telecommunications network in the country, it's success is based on a joint venture. Verizon Communications owns 55% of the network while Vodafone owns 45%. Vodafone is located in London and is the WORLDS largest mobile telecommunications network. Most recently Verizon expanded it's investments and bought Alltell Wireless in 2009. The deal was said to be for over 28 billion dollars. According to Verizon's financial report which is available to the public online, they also invest 5.7 billion a year in order to expand its nationwide network. It seems as if shareholders associated with Verizon Wireless are very satisfied with their investments, as well as Verizon Wireless being satisfied with their investments as well. As a joint venture with the worlds largest mobile telecommunications network (Vodafone), it seems as if Verizon Wireless is an unstoppable force both nationwide and worldwide in regards to investments and shareholders.