May 2009

Verizon Fact Sheet
(All statistics are as of first quarter 2009 unless noted)

Who We Are

Verizon is a global leader in delivering innovation in communications, information and entertainment.  We offer consumers, businesses and government voice, data and video services over superior wireless, broadband and global IP networks that meet customer demand for speed, mobility, security and control.  Our skilled and dedicated employees do this by building great networks and using them to innovate and deliver the great products, services, applications and content that customers want.  As we deliver the benefits of these advanced technologies, we grow our company and drive our industry forward, which in turn creates value for shareowners, customers and the communities we serve and makes Verizon a great place to work.

Verizon Communications Inc.

• Headquarters in New York City; Operations Center in Basking Ridge, N.J.
• Dow 30 company
• 35.2  million U.S. wireline access lines
• Most reliable wireless network, serving more than 86.6 million customers
• More than 130 million customer connections (wireless, wireline, broadband and TV) served every day

Financial

• $97.4 billion in annual revenue (2008)
• Fortune 500 rank: 17 (2009)
• Reported diluted earnings per share: $2.26 (2008)
• Net cash provided by operating activities: $26.6 billion (2008)
• Capital investments: $17.2 billion (2008)
• Dividends paid: $5.0 billion (2008)
• Projected annual dividend per share: $1.84 (2009) 
• Shareowners: 2.4 million
• Shares outstanding: 2.8 billion

Employees

• 237,255 employees
• $23 billion provided in annual compensation and benefits (2008)
• More than $3.6 billion in annual spending for health-care coverage for more than  800,000 employees, retirees and family members (2008)
• $1.5 billion in retiree health-care benefits (2008)
• Approximately 38 percent of employees are union-represented (2008)
• 36 percent of Verizon's employees are minorities (2008)
• 39 percent of Verizon's management team are minorities (2008) 

Verizon Wireless

• $49.3 billion in revenue*  (2008 - Prior to intracompany eliminations)
• Most wireless customers of any company
• Most reliable and largest wireless voice and data network, serving more than 86.6 million customers
• 86,443 employees
• Highest customer loyalty based on industry-low churn (customer turnover) rate: 1.47 percent in 1Q09
• Highest profitability and cost efficiency in the industry
• Largest and most reliable 3-G broadband network covering 281 million people
• More than 127 billion text messages exchanged in 1Q09 
• Joint venture with Vodafone Group Plc (Verizon owns 55 percent)

 Verizon Wireless: Key Products and Services

• Mobile Broadband for wireless Internet, e-mail and Intranet connections coast-to-coast on laptops, PDAs and handsets at broadband speeds
• E-mail and Global e-mail for access from PDAs, smartphones and BlackBerrys
• V CAST for music downloads, video clips, mobile TV and other multimedia services
• The BlackBerry Storm: Touch-screen, multimedia smartphone
• Get It Now for text and picture messaging, downloading ringtones, ringback tones, games, news alerts and more

Verizon Business

• $21.1 billion in revenue (2008 - Prior to intracompany eliminations)
• 29,272 employees
• Created by merger of Verizon and MCI in Jan. 2006
• Serves 97 percent of Fortune 500
• 321 offices across six continents, including operations in 75 countries
• Global IP network serves 2,700 cities in 159 countries
• Investment in more than 80 submarine cable systems worldwide
• Seven satellite facilities throughout continental U.S.,  plus Hawaii and Guam
• More than 200 state-of-the-art data centers in 22 countries

 Verizon Business: Key Products and Services

• Global IP leader: Ranked No.1 by TeleGeography as most-connected public Internet backbone network for 10th consecutive year
• Data networks with more than 485,000 global route miles
• Premier partner for delivering network-based IP communications and computing (IT) solutions to businesses globally
• End-to-end integrated solutions including managed services, security, collaboration, mobility and professional services capabilities -- combined with unsurpassed reach
• Track record of innovation: first successful transmission of 40 Gbps and 100 Gbps; first Internet e-mail, first commercial ISP
• No. 1 communications provider to the federal government

Verizon Telecom

• $29.9 billion in revenue (2008 - Prior to intracompany eliminations)
• 98,324 employees 
• 99.9 percent in network reliability
• Average of 1 billion calls connected per day
• Nation's largest all-fiber network connected directly to customers
• FiOS Internet and FiOS TV services over Verizon's fiber-to-the-premises network

Verizon Telecom: Key Products and Services

• Technology: Networks evolving to fiber-to-the-premises with FiOS high-speed fiber services for consumers and small to medium-sized businesses
• FiOS TV (Consumers)
  o More than 100 HDTV channels and up to 500 all-digital video and music channels available
  o 14,000 total -- including 1,300 HD -- video-on-demand titles each month
  o 2.2 million FiOS TV customers
• FiOS Internet Service (Consumers)
  o Speeds of up to 50 Mbps (megabits per second) downstream and 20 Mbps upstream
  o 2.8 million FiOS Internet customers
  o 13.2 million premises passed: 16 states and D.C.
• FiOS "Triple Play"(Voice, Internet, TV) available to 9.7 million premises
• 8.9 million total broadband connections, including 6.1 million Verizon High Speed Internet (HSI) connections with speeds up to 7 Mbps in 21 states and D.C.
• Products for small and medium-sized business include
  o FiOS Internet and TV Service and HSI Service
  o Data Services such as T1/T3, Frame Relay, and ISDN-PRI

Verizon: A Good Corporate Citizen

• More than $3.5 billion in goods and services purchased from minority-owned businesses (2008)
• $68 million given by the Verizon Foundation to nonprofit organizations (2008)
• 608,256 hours donated in volunteer service to nonprofit organizations by employees (2008)
• $12.7 million contributed or raised by employees through the Verizon Volunteers program (2008)
• 15,630 nonprofit organizations received time or money from employees (2008)
• $13.4 million in matching gifts to nonprofits (2008)
• More than 1.1 million no-longer-used phones collected by the Verizon Wireless HopeLine program to benefit  victims of domestic violence (2008)
• No.1 in  2008 and 2006 and No. 6 in 2007: DiversityInc's "Top 50 Companies for Diversity"
• Working Mother magazine's 2001 - 2008 lists for "100 Best Companies for Working Mothers" and 2006 -  2008 lists for "Best Companies for Multicultural Women"

Fast Facts

• One of the largest private fleets in U.S. with  53,000 motor vehicles (2008)
• 146 million square feet of real estate (2008)
• $144 billion in payroll, receivables, payables and remittance transactions processed annually (2008)
• $35 billion in annual procurements (2008)
• 15 percent: the increase in Verizon's health-care costs during the past three years (2006 - 2008)
• 800,000 employees, retirees and family members served by Verizon Human Resources
• $4.4 billion paid by Verizon in federal, state and other taxes (2008)