VERIZON AND GRANITE SIGN AGREEMENT FOR WHOLESALE SERVICES.Verizon and Granite Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. have signed a definitive commercial agreement that will replace the existing wholesale network leasing arrangement known as Unbundled Network Element Unbundled Network Elements (UNE) are a requirement mandated by the United States Telecommunications Act of 1996. They are the parts of the telecommunications network that the incumbent local exchange carriers (ILECs) are required to offer on an unbundled basis. Platform (UNE-P UNE-P Unbundled Network Element - Platform ) used to serve mass market and small-business customers. Verizon's Wholesale Advantage agreement with Granite Telecommunications includes restructured pricing and a number of high-value services not offered under the existing government-mandated UNE-P plan. Verizon's Wholesale Advantage offer provides a framework for reaching agreements on negotiated, commercially reasonable terms, and ensures the continued availability of wholesale services. Granite Telecommunications is one of Verizon's largest buyers of wholesale services under the current UNE-P system. The company serves customers in 28 states where Verizon has a presence. Nationally, Granite serves over 200,000 local lines in 49 states. "This agreement between Granite and Verizon demonstrates once again that carriers can forge solutions that bring stability to the market and benefit end-user customers," said Virginia Ruesterholz, president of Verizon's Wholesale Markets Group. "I am pleased we are expanding our relationship with Granite." Rob Hale, Granite's president, said, "Granite is pleased to solidify so·lid·i·fy v. so·lid·i·fied, so·lid·i·fy·ing, so·lid·i·fies v.tr. 1. To make solid, compact, or hard. 2. To make strong or united. v.intr. our future with Verizon. Our customers are our priority; this contract gives them clarity for years to come. Strong service, useful software and meaningful savings will continue for our growing base of 5,000 customers." About Verizon A Dow 30 company, Verizon Communications
Verizon Communications, Inc. (NYSE NYSE See: New York Stock Exchange :VZ) is one of the world's leading providers of communications services, with approximately $68 billion in annual revenues. Verizon companies are the largest providers of wireline and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Verizon is also the largest directory publisher in the world, as measured by directory titles and circulation. Verizon's international presence includes wireline and wireless communications operations and investments, primarily in the Americas and Europe. Verizon can be found on the World Wide Web at http://www.verizon.com. About Granite Telecommunications Granite Telecommunications is a privately held nationwide wholesaler of telecom services. With over $100 million in annual revenues, Granite services 5,000 customers in over 50,000 locations in 49 states. Forty of the Fortune 100 companies utilize Granite services. Granite Telecommunications can be found on the World Wide Web at http://www.granitenet.com/. For more information, call 302/576-5340. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion