Verizon Announces Expiration and Final Results of Tender Offer for 8.95% Notes Due 2039

Verizon Communications Inc. ("Verizon") VZ today announced the expiration and final results of its previously announced tender offer (the "Tender Offer") to purchase for cash any and all of its outstanding $1,250,000,000 aggregate principal amount of 8.95% Notes due 2039 (CUSIP No. 92343VAR5) (the "Notes").  The Tender Offer was subject to the terms and conditions set forth in the Offer to Purchase, dated November 2, 2012, relating thereto (the "Offer to Purchase").  The Tender Offer expired at 5:00 p.m., New York City time, on Friday, November 9, 2012 (the "Expiration Time").  Verizon was advised by Global Bondholder Services Corporation, as the depositary and information agent for the Tender Offer, that as of the Expiration Time, $896,624,000 aggregate principal amount of the Notes, representing approximately 71.73% of the aggregate principal amount of the Notes currently outstanding, were validly tendered and not withdrawn prior to the Expiration Time.  Verizon has accepted for payment all of the tendered Notes. Payment for Notes accepted for purchase will be made on the expected settlement date of November 13, 2012 (the "Settlement Date").  On the Settlement Date, Verizon will pay holders who validly tendered and did not withdraw their Notes at or prior to the Expiration Time the purchase price of $1,864.63 for each $1,000 principal amount of Notes accepted for purchase, plus accrued and unpaid interest from and including the last interest payment date for the Notes to, but not including, the Settlement Date.