Verizon Statement on the FCC's National Broadband Plan

BASKING RIDGE, N.J., March 2 /PRNewswire/ -- Today, Verizon issued the following statement about the Federal Communications Commission's National Broadband Plan:

Verizon 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 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

Verizon Communications Inc. (NYSE: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, serving more than 91 million customers nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world.  A Dow 30 company, Verizon employs a diverse workforce of approximately 222,900 and last year generated consolidated revenues of more than $107 billion.  For more information, visit www.verizon.com.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at www.verizon.com/news.  To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.

SOURCE Verizon

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