News Release

Verizon Wireless Applauds Lifting of the Spectrum Cap

November 7, 2001

Jeffrey Nelson
jeffrey.nelson@verizonwireless.com
908-306-4824

BEDMINSTER, NJ — This morning, the Federal Communications Commission (FCC) voted to raise the cap on spectrum any single wireless operator can use in a given metropolitan area from 45 Mhz to 55 Mhz, and to eliminate the cap altogether on January 1, 2003. Verizon Wireless president and CEO Denny Strigl made the following statement:

"Today the FCC took an important step to eliminating an artificial barrier to wireless companies that are focused on growth, improving our networks, and offering exciting new advanced services.

"Verizon Wireless strongly supports today's changes, and we appreciate this new opportunity to plan for our future growth unencumbered by the cap. With companies in the wireless industry able to maximize efficiencies of the available spectrum, America's wireless consumers will be the ultimate winners from today's decision."

About Verizon Wireless

Verizon Wireless is the largest wireless communications provider in the U.S. with more than 28.7 million wireless voice and data customers. The coast-to-coast wireless provider was formed by the combination of the U.S. wireless businesses of Verizon Communications (NYSE:VZ) and Vodafone (NYSE and LSE: VOD), including Bell Atlantic Mobile, AirTouch Cellular and GTE Wireless. Verizon Wireless has a footprint covering more than 90 percent of the U.S. population, 49 of the top 50 and 97 of the top 100 U.S. markets. The company, headquartered in Bedminster, NJ, is 40,000 employees strong. Reporters and editors can find more information about the company on the Web at http://www.verizonwireless.com.

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