Verizon Wireless Adds 1.8 Million Users and ntl:Telewest and Virgin Mobile Launch Ground-Breaking Offensive with Unbeatable Free TV Offer

Wireless Communications industry news provided by Financial News USA (OTC: FNWU). Verizon Wireless, a joint cell phone-service venture between Verizon Communications Inc. and Vodafone Group PLC (NYSE: VOD), said Monday it gained 1.8 million retail customers in the second quarter. The company said it now has 52.6 million retail customers, or customers the company directly serves and manages, and 54.8 million customers overall. Telecom equipment maker Lucent Technologies Inc. (NYSE:LU) reports earnings for its fiscal third quarter on Wednesday. Lucent is being bought by rival Alcatel SA, the French telecommunications equipment company, in a stock-for-stock transaction. The deal, worth about 13.4 billion in April when it was announced, is now valued at roughly $9.6 billion. Both companies have seen their shares fall in recent months.

ntl:Telewest (Nasdaq:NTLI) recently announced that it will offer free TV to any new fixed line phone customer. The company also announced that it is launching the UK's first 'quad-play' package of TV, broadband, fixed line and mobile phone services. Both offers will be launched this quarter. Consumers who include broadband in their package will benefit from the unique speed and interactivity of ntl:Telewest's next generation, fibre-rich network, rather than having to depend on BT's aging copper network, on which all other broadband providers rely. Diamond I, Inc. (OTC BB:DMOI), a developer of wireless gaming products, including the WifiCasino(TM) wireless hand-held gaming system, recently advised that it is featured in a wireless gambling industry report http://www.wificasino.net/WirelessGamblingReport.pdf published on July 19, 2006, by ThinkEquity Partners LLC. The comprehensive report states that ThinkEquity believes Diamond I will be able to carve out a niche in the nascent wireless gambling market.

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