USF Reform Order an Important Step for Consumers, Communications Industry

The Federal Communications Commission on Thursday (Oct. 27) approved a plan to comprehensively reform the Universal Service Fund and intercarrier compensation programs.   The following statement should be attributed to Kathleen Grillo, Verizon senior vice president, federal regulatory affairs:

"Today's action by the FCC to reform the antiquated universal service and intercarrier compensation programs is a milestone for consumers and the communications industry. Chairman Genachowski and the commissioners deserve credit for tackling this difficult challenge and making the tough choices necessary to bring these programs into the 21st century.

"While we have not yet had an opportunity to review the order, the FCC's overall approach apparently puts these programs on a sustainable path and will enable millions of American households to connect to the high-speed broadband networks that are playing increasingly important roles in our nation's daily life."

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, with more than 107 million total connections nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries, including all of the Fortune 500.  A Dow 30 company with $106.6 billion in 2010 revenues, Verizon employs a diverse workforce of more than 195,000.  For more information, visit www.verizon.com.