News Release

Asian American Business Group Names Verizon Wireless CIO One Of 50 Outstanding Asian Americans In Business

May 27, 2008

Tom Pica
Thomas.Pica@VerizonWireless.com
908-559-7516

NEW YORK, NY — The Asian American Business Development Center (AABDC) has named Verizon Wireless' Chief Information Officer Ajay Waghray as one of 50 Outstanding Asian Americans in Business. Waghray will be honored at an awards dinner and ceremony held here tonight at the Waldorf-Astoria.

The Asian American Business Development Center supports Asian American businesses and has organized the Outstanding 50 Asian Americans in Business award since 2001. The award event highlights the contributions of Asian American businesses to the economy and recognizes senior-level corporate executives for their outstanding achievements and leadership.

Waghray has been a leader of the Verizon Wireless Information Technology organization since the company was founded in 2000. He is currently responsible for the company's IT strategy, systems portfolio development and operation of all supporting infrastructure. Waghray's leadership has been recognized through the years. Most recently, he was identified as a "Premier 100 IT Leader" by IDG's Computerworld in 2008 and as "One to Watch" by CIO magazine in 2006.

Waghray holds an MBA from the University of Pennsylvania's Wharton School of Business; a master's degree in Computer Science from West Virginia University; and a bachelor's degree in Mechanical Engineering from Birla Institute of Science (BITS) in Pilani, India.

About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 67.2 million customers. Headquartered in Basking Ridge, N.J., with 69,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). For more information, go to: 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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