5 Most Successful Joint Ventures In America

Verizon Wireless

Verizon Wireless is currently the largest telecom company, with over 145 million subscribers. It is currently a wholly-owned subsidiary of Verizon Communications Inc. (NYSE:VZ), but it was started in 2000 as a joint venture between Bell Atlantic (which later changed its name to Verizon Communications Inc. (NYSE:VZ)) and British multinational telecom company Vodafone. The companies created Verizon Wireless, with Verizon Communications Inc. (NYSE:VZ) maintaining a 55% stake and operation of the business and Vodafone retaining 45%. The deal was worth $70 billion and resulted in Verizon Wireless merging with some of Vodafone’s US assets, which allowed it to offer national coverage at competitive rates. In 2013, Verizon Communications Inc (NYSE:VZ) acquired Vodafone’s 45% stake in Verizon Wireless for $130 billion.

Ken Wolter / Shutterstock.com

Ken Wolter / Shutterstock.com