30th Jul 2009 07:00
Verizon Communications Inc.
Notice of filing with the Securities and Exchange Commission
On July 27, 2009, during the Verizon Communications Inc. (Verizon) webcast of its quarterly earnings report, John F. Killian, Executive Vice President and Chief Financial Officer of Verizon, provided an update on certain of Verizon's expected operations in the second half of 2009. In his presentation, Mr. Killian stated that approximately $500 million to $600 million in expense synergies Verizon expects to realize in 2009 in connection with the acquisition of Alltel Corporation, approximately 25% to 30% have been realized in the first half of 2009. Mr. Killian also stated that a part of its ongoing program to resize and reduce its cost structure, Verizon expects to reduce employee and contractor headcount by more than 8,000 in the second half of 2009.
On July 29, 2009 Verizon filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission (SEC) disclosing the updates. This report may be viewed in more detail on the SEC's website at www.sec.gov and on Verizon's website at www.verizon.com.
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