Verizon Comments on Strong 2Q Results at Conference

Verizon Comments on Strong 2Q Results at Conference NEW YORK, July 10, 2014 -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) deliveredcontinued customer growth in the recently concluded quarter, according to commentsmade today by Chairman and CEO Lowell McAdam at the Allen & Company conference inSun Valley, Idaho. McAdam said Verizon Wireless expects to report a net of more than 1.4 million retailpostpaid additions in second-quarter 2014. This includes strong smartphone additions,company-record tablet additions and net additions for handsets. He said Verizonwould report very good retail postpaid churn in second-quarter 2014. McAdam said Verizon also continues to see Wireless margins consistent with the lastseveral quarters, with second-quarter 2014 Wireline margin improving compared withfirst-quarter 2014. Verizon will report second-quarter 2014 results on Tuesday, July 22. Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is aglobal leader in delivering broadband and other wireless and wireline communicationsservices to consumer, business, government and wholesale customers. Verizon Wirelessoperates America's most reliable wireless network, with more than 103 million retailconnections nationwide. Verizon also provides converged communications, informationand entertainment services over America's most advanced fiber-optic network, anddelivers integrated business solutions to customers in more than 150 countries. ADow 30 company with more than $120 billion in 2013 revenues, Verizon employs a diverseworkforce of 176,900. For more information, visit www.verizon.com. VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies,media contacts and other information are available at Verizon's online News Center atnewscenter.verizon.com. The news releases are available through an RSS feed. To subscribe,visit newscenter.verizon.com/corporate/feeds. SOURCE Verizon Communications Inc.

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