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Verizon Wireless Completes $30 Million Investment and KPN Selects Lucent Technologies as Prime Integrator for All IP Next Generation Network

Wireless Communications industry news provided by Financial News USA (OTC: FNWU). Verizon Wireless, a joint venture of Verizon Communications (NYSE: VZ) and Vodafone (NYSE: VOD), announced recently it has recently completed a $30 million investment in a new Mobile Telephone Switching Office (MTSO) in Southfield that further enhances the reliability of its network for metropolitan Detroit customers and increases call capacity by 33 percent. Verizon Wireless owns and operates the nation's most reliable wireless network, serving 54.8 million voice and data customers. Equity Solutions, Inc. features Diamond I, Inc. (OTC BB: DMOI) a developer of wireless gaming products, including the WifiCasino(TM) wireless hand-held gaming system on USEquityNews.com. Diamond I, Inc. recently announced that its patent application, "Biometrically-Secured Portable Wireless Entertainment, Shopping & Gaming System," has been published in the Official Gazette of the U.S. Patent and Trademark Office.

Lucent Technologies (NYSE: LU) recently announced that it has signed a network integration and program management contract with KPN to manage the deployment and integration of KPN's All IP Next Generation Network (NGN), based on IP Multimedia Subsystem (IMS) service architecture. As part of the agreement Lucent will take responsibilities in the migration of KPN's existing services and customers to the new All IP network to meet KPN's announced marketing objectives. UTStarcom, Inc. (Nasdaq: UTSI), a global leader in IP-based, end-to-end networking solutions and services, will participate in a panel discussion on "Identifying Killer Applications" at the FierceMarkets IMS Executive Summit. The show will take place August 29-30, 2006 at the J.W. Marriott Hotel in Washington, DC. UTStarcom is a global leader in IP-based, end-to-end networking solutions and international service and support.

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