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Verizon Wireless to Sponsor Music Industry's Most Exclusive Grammy Event and NII Holdings to Host Conference Call

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) and owner of the nation's most reliable wireless voice and data network, announced that they have signed on as sponsors of Clive Davis' legendary Pre-Grammy Party, which will be held February 10th in Beverly Hills, California. Verizon Wireless will be the exclusive mobile carrier to provide unique access to this event. FTS Wireless, Inc. a wholly owned subsidiary of FTS Group, Inc.(OTC BB:FLIP) an acquisition and development Company, recently announced that it has agreed to acquire a ring tone network of 161 web sites and related domain names. FTS Group Chairman and Chief Executive Officer Scott Gallagher, commented, "We're very excited with this deal and the opportunity to expand our fast growing wireless business into the global mobile music industry."

NII Holdings, Inc. (Nasdaq: NIHD), will host its 2006 year-end and fourth quarter financial results conference call with its senior management on Tuesday, February 27, 2007 at 8:30AM - 9:15 AM EST. NII Holdings, Inc., a publicly held company based in Reston, Va., is a leading provider of mobile communications for business customers in Latin America. Alcatel-Lucent (NYSE:ALU) could lay off between 15,000 and 20,000 employees worldwide, or more than 20% of its staff, according to French business magazine L'Expansion. In a report on its Web site, L'Expansion said the cuts would be announced during a meeting scheduled for Feb. 13-14. The publication cited industry and union sources for its report, and said that between 1,500 and 2,000 of the jobs would be cut in France.

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