China Telecom Names Verizon Business 'Most Valuable Partner 2007'

China Telecom Names Verizon Business 'Most Valuable Partner 2007'

November 02, 2007

Award Recognizes Partnership's Successful Delivery of
Benefits to Mutual Customers

    BEIJING, Nov. 2 /Xinhua-PRNewswire/ -- China Telecom
has named Verizon Business its Most Valuable Partner 2007
in recognition of the two companies' successful cooperation
in the delivery of international data services. The Most
Valuable Partner award recognizes the partnership that has
had most significant benefit to both companies' customers
during the preceding 12 months.

    The recognition reflects the culmination of a
long-standing partnership between the two companies, and
the strategic importance accorded by China Telecom to its
relationship with Verizon Business. 

    Ihab Tarazi, vice president, global network planning,
Verizon Business, stated, "This award acknowledges the
successful benefits this partnership brings to our mutual
customers. This is another demonstration of our commitment
with China Telecom to support multinational companies'
expanding business needs."

    In September, Verizon Business announced that its
multinational customers have seamless connectivity to China
Telecom's Next Convergence Network (CN2), a next-generation
IP platform that covers more than 200 cities and 600
routers within China. Access to CN2 extends the benefits of
Verizon Business' expansive IP backbone network and
portfolio of global IP and mobile devices, services and
solutions across the fast-growing Chinese market. 

    Verizon Business, through its predecessor companies,
has been operational in China since 1993, and today has
offices in Beijing, Shanghai and Guangzhou. Working in
cooperation with leading Chinese service providers, the
company delivers a full-service portfolio, from leased-line
to MPLS/VPN services, to Chinese-based operations of its
multinational customers.

    Verizon Business and China Telecom are also founding
partners and landing parties in a consortium building the
first next-generation undersea optical cable system
directly linking the U.S. mainland and China. The
Trans-Pacific Express (TPE) system will use the latest
optical technology to provide greater capacity and higher
speeds to meet the dramatic increase in demand for IP.
Subject to final U.S. regulatory approval, the cable system
is planned for completion in the 3Q of 2008.  

    Other parties of the consortium include China Netcom,
China Unicom, Korea Telecom and Chunghwa Telecom (Taiwan).
The TPE cable will provide more diversity from other
undersea routes and establish more efficient connections to
a number of countries in Asia where Verizon Business has
customers. 

    About Verizon Business 

    Verizon Business, a unit of Verizon Communications
(NYSE: VZ), is a leading provider of advanced
communications and information technology (IT) solutions to
large business and government customers worldwide. 
Combining unsurpassed global network reach with advanced
communications, security and other professional service
capabilities, Verizon Business delivers innovative and
seamless business solutions to customers around the world. 
For more information, visit http://www.verizonbusiness.com
.




    For more information, please contact:

     Wendy Hill
     Verizon Business
     Tel:   [phone]
     Email: [e-mail]