VERIZON JOINS WITH LEADING GLOBAL AUTO COMPANIES TO ESTABLISH 4G VENTURE FORUM FOR CONNECTED CARS

Verizon announced the formation of the 4G Venture Forum for Connected Cars, a group of leading global automotive companies brought together by Verizon to accelerate the pace of innovation across the automotive and telematics 4G LTE ecosystem.

BMW, Honda, Hyundai Motor, Kia Motors and Toyota Motor Sales, Inc. are joining Verizon as the initial members of the Forum. Professor Sanjay Sarma of the Massachusetts Institute of Technology also joins the Forum, providing members a link to track important advancements in related academic research. The group will collaborate and explore ways to deliver connectivity to vehicles of all types, by leveraging open standards and discussing ways to accelerate development of the 4G LTE ecosystem across automotive OEMs, suppliers, device manufacturers, application developers and content publishers.

“There are many challenges to designing next generation telematics and infotainment solutions, including supporting safe and responsible driving, advancing vehicle-to-vehicle solutions and improving sustainability, among others,” said Tami Erwin, chief marketing officer for Verizon Wireless. “As an innovator in the technology industry, Verizon is a natural impetus for this collaboration, which we all expect will include other companies and spur results that will benefit not only the industry, but millions of consumers around the world.”

Telematics is a growing opportunity that integrates telecommunications and information into vehicles to provide functionality to drivers and passengers. The 4G Venture Forum for Connected Cars will help discover ways to increase the value of services, ranging from embedded cloud-connected solutions to mobile applications; help define features and explore safety systems; and encourage third-party developers in this space.

Verizon has a strong commitment to collaboration and innovation through its Innovation Program, and through the 4G Venture Forum, which was created in 2009 to identify and support new ideas related to advanced wireless networks and to provide market validation for innovative companies. The 4G Venture Forum for Connected Cars complements and extends the approach of the 4G Venture Forum, focusing exclusively on the automotive space to address the specific needs of this growing market.

Verizon Wireless has the largest 4G LTE network, now available in 258 markets and covering more than two-thirds of the U.S. population. The Forum may support and fund advancements regardless of underlying network technology; companies will not be obligated to work with Verizon and are not precluded from working with other service providers.

About Verizon Wireless
Verizon Wireless operates the nation’s largest 4G LTE network and largest, most reliable 3G network. The company serves 93.0 million retail customers, including 88.0 million retail postpaid customers. Headquartered in Basking Ridge, N.J., with 80,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD). For more information, visit 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.