Verizon Wireless Launches Wireless Broadband Service In Richmond, Virginia: Introduces V CAST Consumer Multimedia Service And BroadbandAccess Wireless Internet Service To Richmond, Virginia
RICHMOND, VA — Continuing to build on its strategy to provide its customers superior wireless services in the United States, Verizon Wireless, operator of the nation's most reliable wireless network, today announced the rollout of two award-winning services in the Richmond metropolitan area, 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 beginning today in Richmond. Both services run on the company's high-speed EV-DO (Evolution Data-Optimized) wireless broadband network, which is available in major markets from coast to coast.
"The launch of our high-speed wireless broadband network in Richmond provides Verizon Wireless customers with the latest and greatest in mobile wireless technology," said Patrick Devlin, regional president for Verizon Wireless. "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' 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 in Richmond 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 months of service free.
The company's highly-touted BroadbandAccess service, available to mobile professionals and enterprise customers, allows customers in the Richmond metropolitan area to connect wirelessly to the Internet via their laptop computers at broadband speeds. Faster than any competing widely available wide-area wireless data service, 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 using 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 email, 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.
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. 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.
Verizon Wireless expanded the EV-DO coverage area the V CAST and BroadbandAccess service areas to cover more than 100 million Americans so far this year and is ahead of the plan to reach 150 million Americans by the end of 2005. The company's expansion strategy includes adding new markets and expanding network coverage in existing markets. In 2004, Verizon Wireless invested $260 million in network enhancements in the Washington/Baltimore/Virginia region.
In the greater Richmond area, Verizon Wireless' EV-DO coverage area includes the cities of Richmond, Colonial Heights and Petersburg, as well as major portions of Henrico and Chesterfield Counties. The service area extends to the east and west of Interstate-95 from the Hanover and Henrico County borders in the North to the Petersburg intersection with I-295 in the South.
V CAST Phones and BroadbandAccess PC Cards
Customers can access V CAST on three hot new phones. The featured phone is the new LG VX8000 phone with its full-motion short content with audio streaming and downloading and playback capabilities, the LG VX8000 offers customers a rich and rewarding interactive experience. The LG VX8000 is available for $149.99 after a $70 mail-in rebate with a two-year customer agreement. V CAST customers can also check out the latest in news, entertainment and sports on the Samsung a890, which is $149.99 after a $70 mail-in rebate with a two-year customer agreement, and the CDM8940 from UTStarcom Personal Communications (formerly Audiovox Communications Corp.) for $179.99 after a $70 mail-in rebate with a two-year customer agreement.
Verizon Wireless offers several PC Cards 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.####