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Technology Stocks : Qualcomm Moderated Thread - please read rules before posting
QCOM 176.67+1.6%3:59 PM EST

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To: foundation who wrote (32963)2/28/2003 5:16:39 PM
From: John Biddle  Read Replies (1) of 196626
 
Verizon Wireless Purchases Controlling Interest in Virginia Business From Shenandoah Mobile Company
Friday February 28, 5:12 pm ET
Press Release Source: Verizon Wireless

biz.yahoo.com

Company Plans to Invest in Network to Offer Digital Services in Fall, 2003

LAUREL, Md., Feb. 28 /PRNewswire/ -- Verizon Wireless today announced it completed the purchase from Shenandoah Mobile Company of a controlling interest in a wireless system serving the Virginia #10B2 Rural Service Area (RSA).

The purchase enables Verizon Wireless to expand its coverage west of Washington D.C. in the counties of Clarke, Warren, Frederick, Shenandoah, Page, and Rappahannock, as well as in the City of Winchester -- markets with a total population (POPS) of some 198,000. Major highways in the region include Interstates 66 and 81.

The business will be converted to the Verizon Wireless brand as the operation is integrated into the company's Washington-Baltimore-Virginia Region, headquartered in Laurel, Md. Verizon Wireless plans to move quickly to add digital technology to the network in the region and to offer digital wireless services to customers starting in the fall of this year. The company also plans to increase the capacity of the network to handle additional calling volume.

"We are very pleased we'll soon be able to offer customers in this part of Virginia the award-winning digital wireless service they've come to expect in other parts of the region," said Pat Devlin, Verizon Wireless regional president.

Customers in the region will retain their current mobile telephone numbers and calling plans. Shenandoah Mobile Company will continue to manage their accounts and provide monthly bill statements until the transition to Verizon Wireless is complete. Customers with questions about their accounts or about the transition may call 1-800-388-4355.

Verizon Wireless will initially make its services available to customers in the market through its Telesales Operation at 888-397-4968.

About Verizon Wireless

Verizon Wireless is the nation's leading provider of wireless communications. The company has the largest nationwide wireless voice and data network and 32.5 million customers. Headquartered in Bedminster, NJ, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ - News) and Vodafone (NYSE: VOD; London). Find more information on the Web at verizonwireless.com .
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