4 October 2001
Dominic Di Bucci
VERIZON WIRELESS REPORTS SOLID THIRD QUARTER CUSTOMER GROWTH
BEDMINSTER, NJ - Verizon Wireless, a joint venture of Verizon Communications
(NYSE: VZ) and Vodafone Group (NYSE and LSE: VOD), today announced it added
752,000 net new customers during the third quarter 2001. Total customers
increased to 28.7 million, a 12.3 percent increase over the third quarter 2000
subscriber base of 25.5 million.
Demand for wireless services in the quarter was solid, as the company continued
to focus on the quality of its subscriber base. Contract gross additions
accounted for more than 86 percent of total gross additions. Total churn was
down from the third quarter 2000 and for the second consecutive quarter,
decreasing to 2.2 percent.
Full performance results for Verizon Wireless will be included in Verizon
Communications' planned announcement of third quarter earnings Oct. 30.