NEW YORK and BEDMINSTER, NJ — From the Yankee Group Conference today in New York, Denny Strigl, president and chief executive officer of Verizon Wireless, the leader in wireless broadband services, said the company continues to launch new major markets, expand existing markets and it is on track to make its two EV-DO (Evolution-Data Optimized) based services, BroadbandAccess and V CAST, available to half the U.S. population by the end of this year. With these services, customers can do everything from work remotely at similar speed and functionality as if they were in the office, to being on the cutting-edge of entertainment downloading cool 3D games, viewing short original programs made exclusively for cell phones and watching music videos and concert performances from favorite artists.
Speaking at the conference today, Strigl said "We made wireless history in October 2003 by launching wireless broadband service in Washington D.C. and San Diego, and we haven't looked back since. We haven't had to customers told us they loved it.
"Now, customers from coast to coast are enjoying the speed, mobility and productivity benefits of our BroadbandAccess service and the revolutionary entertainment on V CAST. Our expanding EV-DO network is a testament to our commitment to provide business and individual customers superior voice and data networks in the U.S.," he said.
Verizon Wireless was the first national wireless provider to commercially launch high-speed wireless broadband services in the United States. The company's wireless broadband network is available in more than 50 major metropolitan markets today and Verizon Wireless is continuing to expand the reach and availability of its EV-DO network in new markets across the country, including the recent launches and expansions in:
State and Market
California Los Angeles (includes Burbank and Ontario), Orange County, San Diego
Connecticut Hartford, New Haven, New London*
District of Columbia Greater Washington
Florida Ft. Lauderdale, Jacksonville, Miami, Orlando, Tampa/St. Petersburg, West Palm Beach
Georgia Athens*, Atlanta
Kansas Kansas City (includes Overland Park) (also in MO)
Louisiana Lake Charles*, New Orleans
Missouri Kansas City (also in KS), St. Louis*
Nevada Las Vegas
New Jersey Newark/Jersey City, Trenton
New York Long Island* (Suffolk and Nassau counties), New York, Rochester*, Syracuse*
Ohio Akron*, Cincinnati, Cleveland*, Columbus, Dayton
Pennsylvania Philadelphia, Pittsburgh
Rhode Island Providence
Texas Austin, Beaumont*, Dallas, Fort Worth, Houston, San Antonio*
Wisconsin Madison, Milwaukee
Verizon Wireless has invested more than $4 billion annually on the build-out and enhancement of its networks since the company's inception in 2000, and last year alone it invested $5 billion, including build-out of the wireless broadband EV-DO network. As a result, Verizon Wireless' EV-DO network is the fastest wide-area, widely available wireless high-speed network available, giving laptop users typical download speeds of 400 700 kbps to provide a rich, high-quality wireless data experience.
Scott Ellison, program director of Wireless & Mobile Communications for IDC, noted, "The real story here is how far ahead Verizon Wireless is in delivering a nationwide 3G wireless broadband network. Other large wireless companies increasingly benchmark themselves against Verizon Wireless."
The award-winning BroadbandAccess service from Verizon Wireless gives enterprise customers a fast, reliable resource to help them be productive and in touch with the office and customers when they are traveling, enabling them to tap into applications and tasks that are more suited to broadband data speeds. The service offers speed, mobility, productivity and simplicity ideal for mobile professionals in businesses small and large. In recent months, many enterprises across the country have signed contracts with Verizon Wireless to take advantage of BroadbandAccess.
Clint Wheelock, vice president of wireless research at The NPD Group in New York, noted, "Verizon Wireless' EV-DO service is changing the ballgame for business users, providing impressive broadband speed with all the advantages of true mobility. Leading the pack among wireless carriers with its national network upgrades, Verizon Wireless is extremely well-positioned to define the fast-growing market for mobile broadband data services."
In May 2005, CMP Media LLC's Network Computing named Verizon Wireless as the Best Business Data Service for BroadbandAccess in the publication's 2005 Well-Connected Awards, beating out business data services of two other major wireless carriers.
BroadbandAccess, the fastest wide-area wireless Internet access service available in the nation, has typical user download speeds of 400-700 kilobits per second (kbps) and is ideal for downloading files and business-critical information residing behind corporate firewalls, accessing e-mail, intranets and the Internet. For more information on BroadbandAccess from Verizon Wireless, visit www.verizonwireless.com/broadbandaccess.
V CAST from Verizon Wireless is the nation's first wireless broadband multimedia service for consumers that brings high-quality video, 3D games and music straight to hot new phones. V CAST customers have access to more content from top content partners than customers of any other carrier whether their interest is in games, news updates or celebrity entertainment, there is a V CAST application to satisfy any customer.
Verizon Wireless' "who's who" list of V CAST content partners includes some of the most prominent names in news and entertainment. V CAST customers interested in entertainment can use new wireless phones to watch a wide array of video clips check out clips from Comedy Central's The Daily Show with Jon Stewart, VH1's Best Week Ever, The Simple Life: Interns mobisodes, recent concert performances from Clear Channel Entertainment's line up of leading pop, rock, country and alternative artists on Encore!, or watch trailers for upcoming movies, such as Rebound and Stealth. News junkies can receive video news updates from NBC News and political analyses from Tim Russert of Meet the Press, and sports fanatics can view highlights from premier sporting events such as ESPN's coverage of The Championships at Wimbledon or its coverage of The Open Championship 2005 at St. Andrews. Gamers can immerse themselves in action-packed 3D games, such as Asphalt: Urban GT from Gameloft, a game that takes players on an adrenaline pumping thrill ride in big cities here and exotic locations around the globe.
For the complete list of all the hot video and 3D game entertainment available on V CAST, visit www.getvcast.com.
For more information on Verizon Wireless products and services, visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go to www.verizonwireless.com. Business customers can contact a Verizon Wireless Business Sales Representative directly at 1-800-VZW-4-BIZ.
* New markets available as of June 2005
About Verizon Wireless
Verizon Wireless owns and operates the nation's most reliable wireless network, serving 45.5 million voice and data customers. Headquartered in Bedminster, NJ, Verizon Wireless 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.
NOTE: This press release contains statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The following important factors could affect future results and could cause those results to differ materially from those expressed in the forward-looking statements: materially adverse changes in economic conditions in the markets served by us, an adverse change in the ratings afforded our debt securities or those of Verizon Communications by nationally accredited ratings organizations, the effects of the substantial competition that exists in our markets, which has been intensifying, and which may intensify further as a result of local number portability regulations that allow wireless customers to retain their phone numbers when switching wireless service providers, our ability to obtain sufficient financing to satisfy our substantial capital requirements, including to fund capital expenditures, debt repayment and distributions to our owners, our ability to obtain sufficient spectrum licenses, particularly in our most densely populated areas, our ability to develop future business opportunities, including wireless data services, and to continue to adapt to the changing conditions in the wireless industry, our ability to receive satisfactory service from our key vendors and suppliers, our ability to generate additional subscribers, with acceptable levels of churn, from resellers and distributors of our service, material changes in available technology, and technology substitution that could impact the popularity and usage of our technology, our continued provision of satisfactory service to our subscribers at an acceptable cost, in order to reduce churn, the impact of continued unionization efforts with respect to our employees, regulatory developments, including new regulations that could increase our cost of doing business or reduce demand for our services, developments in connection with existing or future litigation, and changes in our accounting assumptions that regulatory agencies, including the SEC, may require or that result from changes in the accounting rules or their application, which could result in an impact on earnings.