Verizon Wireless, the No. 2 U.S. cell phone carrier, rejected the chance to be the exclusive distributor of the iPhone almost two years ago, refusing Apple's rich financial terms and other demands.
Apparently, the Apple wanted a percentage of the monthly cellphone fees and a say over how and where iPhones could be sold, also Apple wanted the control of the relationship with iPhone customers.
Verizon Wireless said that they refused a deal considering the demands made by Apple were not acceptable. Jim Gerace, a Verizon Wireless vice president said: "We said no. We have nothing bad to say about the Apple iPhone. We just couldn't reach a deal that was mutually beneficial."
Mark Siegel, a Cingular spokesman, said, "We think this is a win for Apple, and it is a win for Cingular."
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