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LEXINGTON, Mass. and NEW YORK - DSCI Corporation and Verizon announced today the signing of a letter of intent to enter into multi-year commercial contracts under which Verizon will continue to provide the underlying network for DSCI's Enterprise-level customers. The new contracts will succeed the current Enterprise UNE-platform arrangements currently offered by Verizon. Terms remain confidential pending completion of the definitive agreements.
Sean Dandley, DSCI's CEO, said, "I am pleased with the process and outcome of our discussions with Verizon. This letter of intent with Verizon provides stability for our business and our Enterprise customers. The negotiation process was a valuable learning experience for both organizations and will, hopefully, provide a basis for entering into successful agreements between Verizon and DSCI."
Virginia Ruesterholz, president of Verizon's Wholesale Markets Group, said, "The letter of intent entered into between DSCI and Verizon is further evidence that carriers can reach mutually beneficial commercial arrangements. These arrangements bring stability to the market and benefit end-user customers. I am pleased we are expanding our partnership with DSCI."
DSCI Corporation is an employee-owned company that provides integrated communications solutions for your business, with one bill and one source for all your telecommunications needs. DSCI provides a complete, customized communications solution for your company by offering a full range of voice, data, and Internet products, along with network integration, monitoring, and server backup services. To learn more, please visit DSCI at www.dscicorp.com.
A Fortune 20 company, Verizon Communications (NYSE:VZ) is one of the world's leading providers of communications services, with approximately $68 billion in annual revenues. Verizon companies are the largest providers of wireline and wireless communications in the United States. Verizon is also the largest directory publisher in the world, as measured by directory titles and circulation. Verizon's international presence includes wireline and wireless communications operations and investments, primarily in the Americas and Europe. For more information, visit www.verizon.com.