REG-VerizonCommunication: Verizon outlines vision of future growth <Origin Href="QuoteRef">VZ.N</Origin>

Verizon CommunicationsAnnouncement

17/09/2015 13:50

Verizon outlines vision of future growth based on network leadership

NEW YORK, Sept. 17, 2015  -- Verizon Communications Inc. (NYSE, Nasdaq: VZ)
sees significant opportunity for future growth in video and the Internet of
Things, enabled by the company's consistent investment and demonstrated
leadership in wireless and broadband networks.

Speaking at an investor conference here today, Chairman and CEO Lowell McAdam
outlined the broader vision of the company following recent announcements about
its commitment to 5G wireless deployment, the simplification of wireless
customer pricing, and new wireless video and telematics products.

Although consumer demand is disrupting Verizon's traditional business models,
McAdam said the company is transforming around the capabilities of its
high-performing networks. He said the goal is future growth based on delivering
what customers want and need in the new digital world.

While well-positioned for the future, Verizon's full-year 2016 earnings may
plateau at 2015 levels as the company manages near-term impacts. These impacts
include the commercial model change in wireless, year-over-year wireline
financial comparisons following the expected first-half 2016 sale of operations
to Frontier Communications Corp., and the ramp up of new business models for
wireless video and IoT.

With expectations of continued strong cash flow, Verizon reiterates its capital
allocation priorities of network investment, returning value to shareholders,
maintaining a strong balance sheet, and returning to the company's
pre-Vodafone-transaction credit rating profile in the 2018-2019 timeframe.

A transcript of McAdam's full remarks will be made available later today at 
http://www.verizon.com/about/investors/. The company will issue detailed
third-quarter and year-to-date results on October 20.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York,
employs a diverse workforce of 178,500 and generated more than $127 billion in
2014 revenues. Verizon Wireless operates America's most reliable wireless
network, with 109.5 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 worldwide. 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
online News Center at www.verizon.com/news/. The news releases are available
through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

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: adverse conditions in the U.S. and international
economies; the effects of competition in the markets in which we operate;
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; our
high level of indebtedness; 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; material adverse changes in labor matters,
including labor negotiations, and any resulting financial and/or operational
impact; significant increases in benefit plan costs or lower investment returns
on plan assets; changes in tax laws or treaties, or in their interpretation;
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; and the inability to
implement our business strategies.


SOURCE  Verizon Communications Inc.

CONTACT: Bob Varettoni, 908.559.6388, robert.a.varettoni@verizon.com


 



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