REG-VerizonCommunication: Verizon Comments on Strong Customer Growth in Wireless <Origin Href="QuoteRef">VZ.N</Origin>

Verizon CommunicationsAnnouncement

24/11/2014 14:07

Verizon Comments on Strong Customer Growth in Wireless             

NEW YORK, Sept. 11, 2014 -- Verizon Communications Inc. (NYSE,
Nasdaq: VZ) continues to see strong adoption of 4G smartphones and tablets in
third-quarter 2014, according to comments made today by Chairman and CEO Lowell
McAdam at an investor conference here.

McAdam said that retail postpaid net additions are more than 40 percent higher
in the quarter-to-date than a year ago. In third-quarter 2013, Verizon reported
927,000 retail postpaid net additions. The percentage of customers choosing the
Verizon Edge early-upgrade plan so far in third-quarter 2014 is similar to the
rate in first-quarter 2014, which was approximately 12 percent of total phone
activations.

Verizon expects strong customer growth and low Edge adoption rate this quarter
to date to put some pressure on the wireless segment EBITDA service margin
(non-GAAP) on a sequential basis. In second-quarter 2014, Verizon reported a
wireless segment EBITDA service margin of 50.3 percent.

In wireline, FiOS continues to drive consumer revenue growth, while enterprise
and wholesale growth remain under pressure. Although Verizon has made progress
in expanding the wireline segment EBITDA margin (non-GAAP) in the first half of
2014, the company expects some quarter-to-quarter fluctuations due to
seasonality and the timing of non-recurring billings and costs. Verizon
reiterated that the company remains on track to achieve full-year expansion of
the wireline segment EBITDA margin.

Verizon will report third-quarter 2014 results on Tuesday, Oct. 21.

NOTE: See the accompanying schedules and www.verizon.com/about/investors/ for
reconciliations to generally accepted accounting principles (GAAP) for non-GAAP
financial measures cited in this document.

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 104.6 million retail connections 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. A Dow 30 company with more than $120
billion in 2013 revenues, Verizon employs a diverse workforce of 177,800. For
more information, visit www.verizon.com/news/.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and
biographies, media contacts and other information are available at Verizon's
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Cautionary Statement Regarding Forward-Looking Statements

In this communication we have made forward-looking statements. These statements
are based on our estimates and assumptions and are subject to risks and
uncertainties. Forward-looking statements include the information concerning
our possible or assumed future results of operations. Forward-looking
statements also include those preceded or followed by the words "anticipates,"
"believes," "estimates," "hopes" or similar expressions. For those statements,
we claim the protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995. The
following important factors, along with those discussed in our filings with the
Securities and Exchange Commission (the "SEC"), could affect future results and
could cause those results to differ materially from those expressed in the
forward-looking statements: the ability to realize the expected benefits of our
transaction with Vodafone in the timeframe expected or at all; an adverse
change in the ratings afforded our debt securities by nationally accredited
ratings organizations or adverse conditions in the credit markets affecting the
cost, including interest rates, and/or availability of further financing;
significantly increased levels of indebtedness as a result of the Vodafone
transaction; changes in tax laws or treaties, or in their interpretation;
adverse conditions in the U.S. and international economies; material adverse
changes in labor matters, including labor negotiations, and any resulting
financial and/or operational impact; material changes in technology or
technology substitution; disruption of our key suppliers' provisioning of
products or services; changes in the regulatory environment in which we
operate, including any increase in restrictions on our ability to operate our
networks; breaches of network or information technology security, natural
disasters, terrorist attacks or acts of war or significant litigation and any
resulting financial impact not covered by insurance; the effects of competition
in the markets in which we operate; changes in accounting assumptions that
regulatory agencies, including the SEC, may require or that result from changes
in the accounting rules or their application, which could result in an impact
on earnings; significant increases in benefit plan costs or lower investment
returns on plan assets; and the inability to implement our business strategies.

SOURCE Verizon Communications Inc.

CONTACT: Ray McConville, 908-559-3504, raymond.mcconville@verizon.com, Robin
Nicol, 908-559-7515, robin.nicol@verizonwireless.com



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