Verizon Wireless CEO Comments on Spectrum Rules
Denny Strigl Delivers Keynote at DLJ 16th Annual Wireless & Satellite Conference
June 20, 2000
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
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