Telecommunications giant Verizon, Team Penske and the Indianapolis Colts NFL team announced a partnership on Wednesday at the Indianapolis Motor Speedway that will see Verizon commit $6 million to support veteran debt relief across the state of Indiana over the next two years.
Verizon, a long-term partner of Team Penske’s Will Power and the NTT INDYCAR SERIES, commented on the news, with their President of Great Lakes Market Andy Brady, saying:
“This partnership between Verizon, Team Penske and the Indianapolis Colts represents a unique opportunity to address veteran debt relief while showcasing innovation and excellence. “Together, we aim to make a lasting impact on the lives of the veterans across Indiana, both on the racetrack and in the community.”
This initiative includes a $4 million collaboration with Team Penske during the Month of May. One million dollars in veteran debt relief has been committed for 2025, with an additional $1 million contingent on Will Power, driver of the No. 12 Verizon Team Penske Chevrolet, finishing in the top 10 at the 109th Running of the Indianapolis 500. An additional $2 million in debt relief will be provided in collaboration with the Indianapolis Colts over the next two seasons.
Significant Technology Investment Powers the Racing Experience
As part of this commitment, Verizon has made a significant technological infrastructure at Indianapolis Motor Speedway. This investment includes:
- Comprehensive upgrade to the Distributed Antenna System (DAS).
- Modernization of all wireless capabilities with new 4G equipment and addition of 5G coverage across 71 zones throughout the facility.
- Enhanced high-capacity antennas to support the massive data demands during race events.
- Improved connectivity at main gate areas to streamline ticketing and enhance the fan entry experience.
- These technological advancements ensure that fans, teams and media can stay connected throughout the race events while enabling innovative new racing applications and improved spectator experiences.
Team Penske founder and owner of INDYCAR and the Indianapolis Motor Speedway Roger Penske said:
“Verizon has always been a leader in innovation and a company that makes a difference in people’s lives. “Verizon’s commitment to helping veterans through this debt relief initiative is a testament to their values and dedication to creating positive change. At Team Penske, we are proud to stand with Verizon in supporting those who have served our country and creating meaningful change for our veterans.”
The 109th Indianapolis 500 presented by Gainbridge is scheduled for Sunday, May 25 at IMS. Fans can tune in to the FOX network broadcast starting at 10 a.m. ET as 2018 winner Power attempts to win his second Indy 500 and secure another $1 million in debt relief for Central Indiana veterans.
Carlie Irsay-Gordon, vice chair/owner of the Indianapolis Colts says:
“Verizon’s dedication to innovation and reliability is second to none, and the Indianapolis Colts are honored to partner with a brand that truly takes care of its community. “This collaboration represents the best of what teamwork and shared values can achieve, supporting those who have served our nation while making a lasting impact across Indiana.”