Company Profile For Verizon Communications Inc.

Verizon Communications Inc. (Verizon) is a provider of communications services. The Company has two primary reportable segments: Domestic Wireless and Wireline. Domestic Wireless’s products and services include wireless voice, data services and other value-added services and equipment sales across the United States. Wireline’s communications services include voice, Internet access, broadband video and data, next generation Internet protocol (IP) network services, network access, long distance and other services. It provides these services to consumers, carriers, businesses and government customers both in the United States and internationally in 150 countries. In August 2008, Verizon announced that Verizon Wireless, a joint venture of the Company and Vodafone Group Plc, had completed its purchase of Rural Cellular Corporation, doing business as Unicel. In January 2009, Verizon Wireless completed its acquisition of Alltel Corporation from Atlantis Holdings LLC.

BRIEF: For the nine months ended 30 September 2009, Verizon Communications Inc.'s revenues rose 11% to $80.72B. Net income decreased 17% to $4.3B. Revenues reflect an increase in income form Domestic Wireless Service segment. Net income was offset by an increase in selling, general & administrative expenses, increased interest expense, a rise in cost of services & sales and higher depreciation & amortization expenses.

Verizon Communications Inc.
140 West Street
New York   NY   10007
P: +1212.3951000

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