Verizon Wireless CEO Comments on Spectrum Rules

Verizon Wireless CEO Comments on Spectrum Rules

Denny Strigl Delivers Keynote at DLJ 16th Annual Wireless & Satellite Conference

June 20, 2000

Media Contact:

Andrea Linskey

Verizon Wireless



June 20, 2000-NEW YORK -

In a keynote address today kicking off the DLJ 16th

Annual Wireless & Satellite Conference, Denny Strigl, president and CEO of Verizon

Wireless, commented on upcoming spectrum auctions and associated rules.

"Long term, significant demand for data and broadband will require more spectrum.

While we have traditionally been aggressive bidders, we also have been prudent

bidders. Frankly, in evaluating the business case for 700 MHz, this spectrum is

heavily encumbered. Without rule changes, those encumbrances could weigh heavily

in bidding decisions and the overall value of these properties."

He said "It is in the best interests of the industry, consumers and the government

to revise these rules - even if it means delaying the auctions."

Last month, the FCC delayed the 700 MHz band auction to September 6, and earlier

this month, the FCC postponed the re-auction of C-Block PCS licenses, originally

scheduled for July 26, to November 29, 2000. Access to the additional spectrum

offered in the upcoming FCC auctions will enable wireless carriers like Verizon

Wireless to plan for the long-term, to meet demand for advanced voice and

high-speed data capacity, particularly as third-generation (3G) services are

rolled out.


About Verizon Wireless

Verizon Wireless is the largest wireless communications provider in the U.S. with

more than 18 million wireless voice and data customers and nearly 4 million paging

customers. The new coast-to-coast wireless company was formed by the combination

of the U.S. wireless businesses of Bell Atlantic Corp. (NYSE:BEL) and Vodafone

AirTouch Plc (LSE:VOD; NYSE:VOD). The new company includes the assets of Bell

Atlantic Mobile, AirTouch Cellular, PrimeCo Personal Communications and AirTouch

Paging. Verizon Wireless will be further strengthened by the addition of the

wireless assets of GTE Corp. (NYSE:GTE) when it completes its merger with Bell

Atlantic. The new company will have a footprint covering nearly 90 percent of

the U.S. population, 49 of the top 50 and 96 of the top 100 U.S. markets.

Headquartered in New York City and Bedminster, NJ, Verizon Wireless is 30,000

employees strong. Reporters and editors can find more Verizon Wireless information

at http://www.verizonwireless.com/mediacenter.