Information  X 
Enter a valid email address

VerizonCommunication (VZC)

  Print      Mail a friend

Thursday 04 October, 2001

VerizonCommunication

Third Qtr Customer Figures

Verizon Communications
4 October 2001

 
Contact:
John Diercksen
212-395-1842

Dominic Di Bucci
213-395-1924


        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.