News Release

Verizon Wireless CEO Lowell McAdam: Statement On The FCC's National Broadband Plan

March 1, 2010

Jeffrey Nelson
Verizon Wireless
Jeffrey.Nelson@verizonwireless.com
908-559-7519

BASKING RIDGE, NJ — Today, Verizon Wireless chief executive officer Lowell McAdam issued the following statement about the Federal Communications Commission’s National Broadband Plan:

Verizon Wireless commends Chairman Genachowski for his vision and leadership in recognizing the critical importance of unleashing more spectrum to support the burgeoning growth of mobile broadband and his commitment to free up 500 Megahertz of new spectrum over the next decade. The wireless industry has been an engine for innovation, economic growth, and job creation. In order to continue that successful track record and deliver public benefits in the areas of education, health care, energy management, and public safety, more spectrum will be needed in the future.

Verizon Wireless agrees with the Chairman that newly identified spectrum should be subject to market-based policies that will promote innovation, speed the delivery of advanced wireless products and services, and ensure that commercial spectrum flows to uses the market values most. Moreover, as the Commission moves to auction more spectrum, clearly defined and flexible rights will ensure continued innovation and investment in the industry. Verizon looks forward to working with the Commission to establish this important spectrum policy framework.

About Verizon Wireless
Verizon Wireless operates the nation’s most reliable and largest wireless voice and 3G data network, serving more than 91 million customers. Headquartered in Basking Ridge, N.J., with 83,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NASDAQ and LSE: VOD). For more information, visit 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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