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For 19th Consecutive Quarter, Verizon Wireless Leads Wireless Industry in Customer Loyalty

Posted on: Thursday, 6 August 2009, 08:00 CDT

BASKING RIDGE, N.J., Aug. 6 /PRNewswire/ -- For the 19th consecutive quarter, Verizon Wireless led the wireless industry in customer loyalty, according to data released by the nation's largest wireless carriers over the past few weeks. Verizon Wireless, the leading wireless company with the nation's largest and most reliable wireless network, reported the lowest customer churn (turnover) in the second quarter of 2009.

Churn is an important measure of customer loyalty and represents the percentage of customers who leave their provider in a given period. Second-quarter financial performance announcements -- the latest was released today -- included the following customer churn rates, based on the average monthly churn for the quarter:

Total Customers Postpaid Carrier (Prepay and Postpaid) Customers ------- -------------------- --------- Verizon Wireless 1.37% 1.01% Carrier X 1.49% 1.09% Carrier Y N/A 2.05% Carrier Z 3.1% 2.2%

As the wireless customer loyalty leader over the past 19 quarters, Verizon Wireless offers customers many reasons to choose and stay with the company. Verizon Wireless operates the nation's largest and most reliable wireless voice and 3G data network and offers quality products and services backed by its award-winning customer service. To increase the coverage and capacity of its premier nationwide network and to add new services, Verizon Wireless has invested more than $50 billion since it was formed in 2000 - $5.5 billion on average every year. In each of the last four years, Verizon Wireless invested $6.5 billion or more to expand and advance its network.

For more information, visit www.verizonwireless.com.

About Verizon Wireless

Verizon Wireless operates the nation's most reliable and largest wireless voice and data network, serving 87.7 million customers. Headquartered in Basking Ridge, N.J., with more than 87,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: 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.

SOURCE Verizon Wireless

Source: PR Newswire

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