LAS VEGAS, NV and BASKING RIDGE, NJ — Ringing in the next great revolution in television, Verizon's new president and chief operating officer Denny Strigl today said the company is leading the way in the next revolution of television. "With the strength of our powerful wireless and fiber networks, we have transformed our business into one of the world's greatest content-delivery systems," he said. To prove the point, Strigl, accompanied by two of Verizon's most senior executives, introduced new products that marry the phone, the Internet and television for consumers in ways not available from any other company.
Speaking on the eve of the International Consumer Electronics Show in Las Vegas, Strigl raised the curtain on two new products that move television to a new level: Verizon's next-generation, groundbreaking FiOS TV and V CAST Mobile TV from Verizon Wireless.
Verizon, the premier global telecommunications and content-delivery company, today outlined the new services. Verizon Telecom introduced FiOS digital media new interactive program guide and a platform that offers the company's growing base of FiOS TV customers a myriad of multimedia applications linking television, the Internet, personal computers and phones. Both will be available in the first half of 2007. At the same time, Verizon Wireless raised the curtain on V CAST Mobile TV, unrivalled as the first true mobile TV service in the nation, which is expected to be available in the first quarter of 2007.
Strigl detailed the two-fold strategy behind these products, which crystallizes the changing nature of Verizon's consumer business. "At Verizon, we build great networks and we offer great content. We have built the nation's most comprehensive all-digital broadband fiber network that reaches all the way into individual homes, while we offer the most reliable wireless voice and data network, period," he said.
Verizon FiOS, with unmatched quality and reliability, provides individual homes and businesses in 16 states with up to 50 megabits of Internet speed, and FiOS TV is already available in more than 200 cities in 10 states. Verizon Wireless' broadband network covers more than 200 million people, offering V CAST Video, V CAST Music and BroadbandAccess for high-speed laptop and PDA connectivity.
"Our parallel networks of fiber and wireless create a delivery system for the high-bandwidth content of today, and will meet consumers' needs for years to come," Strigl noted.
Verizon's fiber and wireless broadband networks, and their superior reach, quality and speeds, provide the basis for advancing existing strong partnerships with technology companies such as QUALCOMM Incorporated, whose MediaFLO USA subsidiary supports V CAST Mobile TV. In addition, deep and extensive relationships with leading content providers, appearing on FiOS TV, on Verizon Online and in a variety of mobile platforms to package, format and program TV content, will combine to deliver the best overall TV experience in the industry.
Details about specific service offerings, including availability, pricing and programming, are expected to be available in the coming weeks.
Verizon Communications Inc. (NYSE: VZ), a New York-based Dow 30 company, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving nearly 57 million customers nationwide. Verizon's Wireline operations include Verizon Business, which operates one of the most expansive wholly-owned global IP networks, and Verizon Telecom, which is deploying the nation's most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers. For more information, visit www.verizon.com.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 57 million customers. The largest US wireless company and largest wireless data provider, based on revenues, Verizon Wireless is headquartered in Basking Ridge, N.J., with 60,000 employees nationwide. The company is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). Find more information on the Web at www.verizonwireless.com. To preview and request broadcast-quality video footage and high-resolution stills of Verizon Wireless operations, log on to the Verizon Wireless Multimedia Library at www.verizonwireless.com/multimedia.
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