Verizon Announces Expiration and Final Results of Tender Offer for 8.95% Notes Due 2039

Verizon Announces Expiration and Final Results of Tender Offer for 8.95% Notes
                                   Due 2039

PR Newswire

NEW YORK, Nov. 12, 2012

NEW YORK, Nov. 12, 2012 /PRNewswire/ -- Verizon Communications Inc.
("Verizon") (NYSE, NASDAQ: VZ) today announced the expiration and final
results of its previously announced tender offer (the "Tender Offer") to
purchase for cash any and all of its outstanding $1,250,000,000 aggregate
principal amount of 8.95% Notes due 2039 (CUSIP No. 92343VAR5) (the "Notes").

The Tender Offer was subject to the terms and conditions set forth in the
Offer to Purchase, dated November 2, 2012, relating thereto (the "Offer to
Purchase"). The Tender Offer expired at 5:00 p.m., New York City time, on
Friday, November 9, 2012 (the "Expiration Time").

Verizon was advised by Global Bondholder Services Corporation, as the
depositary and information agent for the Tender Offer, that as of the
Expiration Time, $896,624,000 aggregate principal amount of the Notes,
representing approximately 71.73% of the aggregate principal amount of the
Notes currently outstanding, were validly tendered and not withdrawn prior to
the Expiration Time. Verizon has accepted for payment all of the tendered

Payment for Notes accepted for purchase will be made on the expected
settlement date of November 13, 2012 (the "Settlement Date"). On the
Settlement Date, Verizon will pay holders who validly tendered and did not
withdraw their Notes at or prior to the Expiration Time the purchase price of
$1,864.63 for each $1,000 principal amount of Notes accepted for purchase,
plus accrued and unpaid interest from and including the last interest payment
date for the Notes to, but not including, the Settlement Date.

Verizon has retained Goldman, Sachs & Co., Merrill Lynch, Pierce, Fenner &
Smith Incorporated and J.P. Morgan Securities LLC to act as the dealer
managers (together, the "Dealer Managers") for the Tender Offer. Global
Bondholder Services Corporation is acting as the Information Agent and the
Depositary for the Tender Offer. Questions regarding the Tender Offer should
be directed to Goldman, Sachs & Co. at (800) 828-3182 (toll-free) or (212)
357-6436 (collect), Merrill Lynch, Pierce, Fenner & Smith Incorporated at
(888) 292-0070 (toll-free) or (646) 855-3401 (collect) or J.P. Morgan
Securities LLC at (866) 834-4666 (toll-free) or (212) 834-4811 (collect).

This announcement is for informational purposes only. This announcement is not
an offer to purchase or a solicitation of an offer to purchase with respect to
any Notes.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is
a global leader in delivering broadband and other wireless and wireline
communications services to consumer, business, government and wholesale
customers. Verizon Wireless operates America's most reliable wireless
network, with nearly 96 million retail customers nationwide. Verizon also
provides converged communications, information and entertainment services over
America's most advanced fiber-optic network, and delivers integrated business
solutions to customers in more than 150 countries, including all of the
Fortune 500. A Dow 30 company with $111 billion in 2011 revenues, Verizon
employs a diverse workforce of 184,500. For more information, visit

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and
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Cautionary Statement Regarding Forward-Looking Statements
Certain statements in this communication regarding the proposed transactions,
the expected timetable for completing the transactions and any other
statements regarding Verizon's future expectations, beliefs, goals or
prospects constitute forward-looking statements. Any statements that are not
statements of historical fact (including statements containing the words
"believes," "plans," "anticipates," "expects," "estimates" and similar
expressions) should also be considered forward-looking statements. A number
of important factors could cause actual results or events to differ materially
from those indicated by such forward-looking statements, including Verizon's
ability to consummate the transactions; the timing for satisfying the
conditions to the completion of the transactions; Verizon's ability to meet
expectations regarding the timing, completion and accounting and tax
treatments of the transactions; and the other factors described in Verizon's
Annual Report on Form 10-K for the fiscal year ended December 31, 2011 and in
its most recent quarterly report filed with the SEC. Verizon assumes no
obligation to update the information in this communication, except as
otherwise required by law. Readers are cautioned not to place undue reliance
on these forward-looking statements that speak only as of the date hereof.

SOURCE Verizon Communications Inc.

Contact: Bob Varettoni, +1-908-559-6388,
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