Verizon Communications Inc. to Partially Redeem 8.75% Notes, due November 1, 2018

 Verizon Communications Inc. to Partially Redeem 8.75% Notes, due November 1,
                                     2018

PR Newswire

NEW YORK, Nov. 15, 2012

NEW YORK, Nov. 15, 2012 /PRNewswire/ -- Verizon Communications Inc. today
announced that it will redeem $700 million of its 8.75% Notes, due November 1,
2018 (CUSIP 92343V AQ7) (the "Notes"). There are $2 billion in principal
amount of the Notes currently outstanding. The Notes to be redeemed will be
selected in accordance with the terms of the indenture governing the Notes and
the applicable procedures of The Depositary Trust Company. The redemption
date for the Notes being redeemed will be December 17, 2012 (the "Redemption
Date").

The redemption price for the Notes being redeemed will be equal to the sum of
the present values of the remaining scheduled payments of principal and
interest on the Notes being redeemed (exclusive of interest accrued to the
Redemption Date) discounted to the Redemption Date on a semi-annual basis
(assuming a 360-day year consisting of twelve 30 day months) at the Treasury
Rate (as defined in the Notes) plus 75 basis points, plus accrued and unpaid
interest on the principal amount being redeemed to the Redemption Date, and
will be payable on the Redemption Date. Interest will cease to accrue on the
Notes being redeemed on and after the Redemption Date.

The name and address of the paying agent for the redemption is:

By Mail                   By Courier                By Hand
U.S. Bank
                          U.S. Bank                 U.S. Bank
Corporate Trust Services
                          Corporate Trust Services  Corporate Trust Services
Attn: Registered Payments
                          60 Livingston Avenue      100 Wall Street
EP-MN-WS2N
                          1st Fl – Bond Drop Window Suite 1600
60 Livingston Avenue
                          St Paul, MN 55107-2292   New York, NY 10005
St. Paul, MN 55107-2292

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
www.verizon.com.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and
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SOURCE Verizon Communications Inc.

Website: http://www.verizon.com
Contact: Bob Varettoni, +1-908-559-6388, robert.a.varettoni@verizon.com