Verizon Ready to Work on Reforming Universal Service

Federal Communications Commission Chairman Julius Genachowski on Thursday (Oct. 6), unveiled a plan to reform and update the Universal Service Fund and intercarrier compensation programs. His proposal follows the release earlier this year of America's Broadband Connectivity Plan, which was supported by a broad-based coalition of broadband providers. The following statement should be attributed to Kathleen Grillo, Verizon senior vice president, federal regulatory affairs:

"We congratulate Chairman Genachowski for putting forward a plan to reform the broken intercarrier compensation and universal service programs. If done right, the reforms will connect millions of rural Americans to broadband networks and transform these programs to meet the needs of consumers in today's Internet- and broadband-centric society.

"The FCC has a unique opportunity to put in place policies that will bring all the benefits of broadband connectivity to millions of additional consumers. Verizon stands ready to continue working with the FCC, the industry coalition and other policymakers to help get the job done."

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 106 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, Verizon employs a diverse workforce of nearly 196,000 and last year generated consolidated revenues of $106.6 billion.  For more information, visit www.verizon.com.