FCC Action Will Provide Greater Consumer Choice, Spur Broadband Growth

WASHINGTON - In its Open Meeting today, The Federal Communications Commission extended Title I treatment to broadband Internet service provided by telephone companies, thus removing outdated common carrier obligations and creating parity in the regulatory treatment between cable and phone company-provided broadband services. The following statement can be attributed to Susanne A. Guyer, Verizon senior vice president for federal regulatory affairs:

"This is an important step toward a national broadband policy that allows consumers to enjoy the full benefits of competition. At last, regulations are catching up to where consumers and technology have been for some time. This decision will help accelerate deployment of broadband networks, enabling greater choice and increased access for consumers.

"We commend Chairman Martin and the commission for acting quickly to move us closer to the president's goal of broadband deployment to all Americans by 2007."

Verizon Communications Inc.

With more than $71 billion in annual revenues, Verizon Communications Inc. (NYSE:VZ) is one of the world's leading providers of communications services. Verizon has a diverse work force of more than 214,000 in four business units: Domestic Telecom provides customers based in 28 states with wireline and other telecommunications services, including broadband. Verizon Wireless owns and operates the nation's most reliable wireless network, serving 47.4 million voice and data customers across the United States. Information Services operates directory publishing businesses and provides electronic commerce services. International includes wireline and wireless operations and investments, primarily in the Americas and Europe. For more information, visit www.verizon.com.