Verizon Business Scores Agreement on U.S. GSA Contract

Verizon Business signs new two-year agreement to bridge the gap between its FTS2001 contract and the anticipated Networx contract with the U.S. General Services Administration (GSA)Verizon Business in Basking Ridge, a unit of Verizon Communications providing communications and IT solutions to business and government customers, signed a new two-year agreement to bridge the gap between its FTS2001 contract and the anticipated Networx contract with the U.S. General Services Administration (GSA). The Federal Telecommunications Service (FTS) 2001 contract was awarded in 1999 and expires Jan. 10, 2007. FTS2001 provides data, voice and video communications for federal agencies worldwide. Verizon Business is one of two U.S. providers of these services.

The new agreement, which will run from Jan. 11, 2007, through Jan. 10, 2009, bridges the gap between FTS2001 and Networx, its successor contract program. Verizon Business expects the GSA to award that contract early next year. The agreement includes options for extension for three six-month periods. Verizon Business plans to offer additional services with the new contract including remote-communications services, data protection and recovery services.

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