Verizon Wireless Expands Wireless Broadband Network; V CAST Multimedia Service and 3G Wireless Internet Service Now Available in More Places Including Wilmington, Delaware
PHILADELPHIA, PA — Verizon Wireless today announced the expansion of two industry-leading wireless data services in the Philadelphia region, one developed for the consumer market, the other primarily for business customers. V CAST the nation's first wireless broadband multimedia service for consumers and BroadbandAccess, the fastest wide-area wireless Internet access service available in the nation, are both available today across an expanded area of Philadelphia, its outlying counties and southern New Jersey. The services are also available, for the first time, to residents and businesses in the northern portion of Delaware, including the City of Wilmington. Both V CAST, launched earlier this year, and BroadbandAccess, rolled out here in 2004, operate on the company's EV-DO (Evolution Data-Optimized) wireless broadband network - the nation's largest and fastest wireless broadband network.
In the Philadelphia region, Verizon Wireless' EV-DO coverage area now includes the entire City of Philadelphia out to King of Prussia, Pa., extending northewest along Route 422 including Collegeville, Royersford, Limerick up to Pottstown and North from State Route 663 to I-476 to Milford Square. Existing coverage along State Route 611 in southeastern Pennsylvania has been expanded north of Doylestown through Pipersville and Ottsville to Kintnersville. Portions of Chester County fall within the coverage including Exton, Malvern, West Chester and US 202 South into northern Delaware. The expansion stretches south into Wilmington, Delaware, and includes Newark, Talleyville, Bellfonte, the University of Delaware Campus, Christiana and Chesapeake City. Coverage also includes I-295 in Wilmington into New Jersey to the New Jersey Turnpike and across US 40 to State Route 55 and the Atlantic City Expressway including, Woodstown, Monroeville, Franklinville, Williamstown and Hammonton.
"This latest expansion of our high-speed wireless broadband network provides customers with the latest and greatest in mobile wireless technology," said Christine Baron, president of the company's Philadelphia Tri-State Region. "With V CAST, consumers can access the latest in multimedia programming to stay connected, informed and entertained via their wireless phones, and BroadbandAccess provides mobile workers full access to their corporate information, just as if they were attached via a high-speed wired connection, but with the freedom of true mobility."
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. In 2004, the company invested a total of $160 million in its Philadelphia Tri-State Region network.
Verizon Wireless' V CAST service enables consumers to access short video content on-demand, viewing current news, weather, sports and entertainment programming. With V CAST, customers can also download and play cutting-edge 3D games, watch music videos and concert performances from favorite artists, view short programs specifically designed for mobile phones and other video content right on their phones. For a list of all videos and 3D game entertainment available on V CAST, visit www.getvcast.com.
For $15.00 monthly access added to their Verizon Wireless calling plan, customers can get the V CAST VPak which includes unlimited access to a wide array of more than 300 daily updated video clips from leading news, sports, weather and entertainment content providers. Unlimited basic short content is included, but application download fees apply for 3D games, premium video short content, and all other Get It Now® applications. There are no airtime charges to download, stream or watch V CAST content. Customers can also download, stream or watch premium short video content, available at additional cost, which includes video such as music videos, select sports clips and mobisodes. Verizon Wireless V CAST customers also receive monthly access and unlimited browsing on Verizon Wireless' Mobile Web 2.0SM news and information service. For a limited time, customers who sign up for V CAST receive one month of service free.
The company's highly-touted BroadbandAccess service, available to mobile professionals and enterprise customers, enables them to connect wirelessly to Internet via their laptop at broadband speed, a convenient way to conduct business. The nation's largest and fastest wireless broadband service, BroadbandAccess is faster than any competing widely available wide-area wireless data service. With BroadbandAccess, customers can download a 1 Megabyte email attachment (for example, a small PowerPoint presentation or a large PDF file), or receive three digital pictures (each 400 x 600 pixels) in less than 20 seconds. Because EV-DO technology is backward compatible a distinct advantage to the company's CDMA technology customers who travel outside a BroadbandAccess coverage area with an EV-DO device will seamlessly switch to Verizon Wireless' existing NationalAccess service, which runs on the company's 1xRTT network.
Working with virtual private network (VPN) connections, business customers can use BroadbandAccess as an extension of their corporate local area network (LAN) or intranet, allowing them to work from any location within the BroadbandAccess coverage area, as if they were in the office. BroadbandAccess, with typical user download speeds of 400-700 kilobits per second (kbps), is ideal for downloading files and business-critical information residing behind corporate firewalls and for accessing e-mail, intranets and the Internet. BroadbandAccess' EV-DO technology has its own data protection and authentication and is designed to work with a business' existing IT infrastructure and security solutions.
BroadbandAccess is available for $79.99 monthly access for unlimited use with a one- or two-year customer agreement. For more information on BroadbandAccess from Verizon Wireless, visit www.verizonwireless.com/broadbandaccess.
EV-DO Network Coverage
V CAST and BroadbandAccess run on Verizon Wireless' EV-DO network, which began commercial operation in October 2003 in San Diego and Washington, D.C and is now the nation's largest and fastest wireless broadband network. Verizon Wireless' EV-DO network initially made its commercial debut with BroadbandAccess wireless Internet access service for business customers and mobile professionals.
The company launched its V CAST wireless broadband multimedia service in February 2005. At the end of 2004, Verizon Wireless' EV-DO network was available to 75 million Americans. The company's is on track to cover half the U.S. population with its EV-DO network by the end of 2005, with service available as of today in more than 50 major metropolitan areas including coverage in 57 major U.S. airports.
V CAST Phones and BroadbandAccess PC Cards
Customers can access V CAST on three phones. The LG VX8000 ($149.99 after $70 mail-in rebate with a two-year customer agreement); Samsung a890 ($149.99 after a $70 mail-in rebate with a two-year customer agreement); CDM8940 from UTStarcom Personal Communications ($179.99 after a $70 mail-in rebate with a two-year customer agreement). Verizon Wireless offers several personal computer s for BroadbandAccess customers, including the Kyocera KPC-650 and Novatel V620 cards. For a limited time, Verizon Wireless customers with unlimited use data plans can buy the BroadbandAccess V620 card for $49.99 with a two-year customer agreement or $99.99 with a one-year customer agreement after a $100 rebate.
For more information on V CAST or BroadbandAccess from Verizon Wireless, 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.
(EDITORS: Broadcast-quality B-roll footage featuring V CAST and BroadbandAccess is available online. Log on to www.verizonwireless.com/multimedia to preview and request video segments, which can be received in newsrooms digitally, by tape or via satellite.)
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.####