News Release

Verizon Wireless Statement On Airwaves Auction Rules For C- and F-Blocks

August 24, 2000

Jeffrey Nelson
908-306-4824

Bedminster, N.J. — The Federal Communications Commission (FCC) today announced that it had adopted changes to its rules for reauctioning C- and F-block spectrum licenses. Denny Strigl, president and CEO of Verizon Wireless, the nation's leading wireless service provider, made the following statement:

"Verizon Wireless applauds the FCC's decision to the extent that it removes the eligibility restrictions on bidding for some of the PCS licenses, because, as we have often stated, the FCC should not be discriminating among companies who want to acquire spectrum by allowing some but not all into the auction room. The decision is a step in the right direction. But we believe that the FCC should have gone farther by opening up all of the licenses to interested parties, and by removing the arbitrary and outdated spectrum cap. We will need to review the actual rules once they are released before we can evaluate them fully. As with all business opportunities, we will carefully consider our options and make the best possible decisions on how to proceed."

About Verizon Wireless

Verizon Wireless is the largest wireless communications provider in the U.S. with more than 25 million wireless voice and data customers and 3.4 million paging customers. The new coast-to-coast wireless provider was formed by the combination of the U.S. wireless businesses of Bell Atlantic Corp. and GTE Corp -- now Verizon Communications (NYSE: VZ) and Vodafone AirTouch Plc (LSE: VOD; NYSE). The new company includes the assets of Bell Atlantic Mobile, AirTouch Cellular, GTE Wireless, PrimeCo Personal Communications and AirTouch Paging. The new company has a footprint covering nearly 90 percent of the U.S. population, 49 of the top 50 and 96 of the top 100 U.S. markets.

Verizon Wireless, headquartered in New York City and Bedminster, NJ, is 30,000 employees strong. Reporters and editors can find more information about the company in its Media Center on the Web at: http://www.verizonwireless.com/mediacenter.

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