Recs

0

GSA Unveils Wireless "Family Plan"

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

The General Services Administration has announced a first-of-its kind wireless program for government agencies. The blanket purchase agreement will save $300 million over the next five years by allowing the government to centralize management and consolidate its service plans. Verizon  (NYSE: VZ  ) , Sprint, T-Mobile, and AT&T have been included among the participating carriers in the new plan.

GSA Acting Administrator Dan Tangherlini says the agreement is a shrewd decision that could benefit the government. "By buying in bulk," he said in a statement, "we're buying once and we're buying well. ... We're driving down costs, increasing efficiency and improving service and operations. These agreements give agencies the ability to pool minutes, order plans and devices more efficiently and have greater visibility into their purchases."

Previously, the government has spent approximately $1.3 billion on wireless services annually, with federal agencies managing more than 800 wireless plans and 4,000 wireless agreements, from assorted carriers. This new consolidation plan is expected to significantly boost the government's fiscal efficiency.

For Verizon, the move for consolidation will provide a stronger direct stream of revenue from the U.S. government. Last year, Verizon's Global Enterprise, which includes federal employees as clients, brought in $15.3 billion, or 39%, of its Wireline segment's aggregate revenue.

The new wireless plan is part of President Obama's Digital Government Strategy and is also a feature of an effort by the Office of Management and Budget to implement strategic sourcing across government agencies.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2452371, ~/Articles/ArticleHandler.aspx, 9/2/2015 11:08:40 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Caroline Bennett
TMFCarrieFab

Caroline wants to help make the seemingly esoteric concept of investing accessible to everyone... and write a few puns along the way.

Today's Market

updated Moments ago Sponsored by:
DOW 16,156.36 98.01 0.61%
S&P 500 1,923.54 9.69 0.51%
NASD 4,665.07 28.96 0.62%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/2/2015 10:52 AM
S $4.99 Down -0.03 -0.60%
Sprint CAPS Rating: **
T $32.61 Up +0.29 +0.90%
AT&T CAPS Rating: ****
VZ $44.89 Down -0.01 -0.02%
Verizon Communicat… CAPS Rating: ****