R.R. Donnelley & Sons (RRD) Wins $100M Multi-Year Extension from Verizon (VZ)
R.R. Donnelley & Sons Company (NASDAQ: RRD) announced today that it has reached agreement on a $100 million multi-year extension with Verizon Wireless (NYSE: VZ). Under the terms of the agreement RR Donnelley will use its proprietary variable digital imaging capabilities to produce, finish and mail consumer and commercial statements. This technology will also be used to produce customer communications associated with the billing statements for Verizon Wireless.
"RR Donnelley's experience and digital printing capabilities are a valuable resource for us," said Ajay Waghray, Chief Information Officer of Verizon Wireless. "Their ability to use multiple facilities seamlessly during sometimes challenging production windows helps to enable Verizon Wireless to deliver communications on tight deadlines to customers who require printed information." Verizon Wireless, a joint venture of Verizon Communications and Vodafone, operates the nation's largest wireless voice and data network, serving 89 million customers.
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