Notes to Consolidated Financial Statements
NOTE 7
NONCONTROLLING INTEREST
Noncontrolling interests in equity of subsidiaries were as follows:
|
(dollars in millions) |
||||||
At December 31, |
2009 |
|
2008 |
|
||
|---|---|---|---|---|---|---|
Noncontrolling interests in consolidated subsidiaries: |
||||||
Wireless joint venture |
$ |
41,950 |
|
$ |
36,683 |
|
Cellular partnerships and other |
|
811 |
|
|
516 |
|
$ |
42,761 |
|
$ |
37,199 |
|
|
Wireless Joint Venture
Our Domestic Wireless segment, Cellco Partnership doing business as Verizon Wireless (Verizon Wireless) is a joint venture formed in April 2000 by the combination of the U.S. wireless operations and interests of Verizon and Vodafone. Verizon owns a controlling 55% interest in Verizon Wireless and Vodafone owns the remaining 45%.