Dick LynchyEVP & CTODecember 9, 2008

Who is Verizon

Verizon Wireless Verizon Telecom Verizon Business

70.8M customers Operations in 25 states & DC Serving 97% of Fortune 500

2008 $36 5B* 2008 $22 5B* 2008 $15 9B*2008 revenue - $36.5B* 2008 revenue $22.5B* 2008 revenue $15.9B*

2,600 company owned stores and kiosks 8.5M broadband connections ~19K local IP POPs

265M POPs Covered Fiber to 11.9M premisesGlobal IP network 2,700 cities - 150 countries

Total churn: 1.3% 1 6M FiOS TV subscribers 130K customer relationships

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 30

(including prepaid) 1.6M FiOS TV subscribers ~130K customer relationships

* As of Q3 2008

Technology Impact

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 31

Voice Trends

Wireline WirelessMinutes of Use Minutes of Use

2007 2008 2017 20082007 2017

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 32

2007 2008 2017 20082007 2017

Data Trends

Wireline WirelessData Usage Data Usage

2007 2008 2017 20082007 2017

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 33

2007 2008 2017 20082007 2017

Messaging

2002 2004 2008

>1 Billion Messages

December

December December

December

9

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 34

Video On Demand

Video StreamsContent Library

2006 2007 20082006 2007 2008

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 35

Production VOD User Generated VOD Total Content Streams

Ubiquitous Broadband

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 36

4G to the End User

Download

Upload

ms

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 37

In-Home Solutions

B db d

WirelessCoreISP

Broadband(DSL/Cable Modem/FIOS)

WAN or WiFi

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 38

Open Development Eco-System

Radio ApplicationsI/O

I t fHW Interface

NetworkNetwork

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 39

Fiber to the Home & Office

Voice

Video

Data

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 40

Global Network

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 41

New Communications Core

ApplicationsServices ApplicationsApplicationsApplications Services Applications Applications

Verizon IMSCoordination

WirelessAccess Wired

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 42

CDN & P2P

Backbone

Content Server

Distributed Cache

Peer-to-Peer

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 43

=Future Platform

∫ (Wireless Fiber+ + Coax + Copper)IPIMS

∫ ∫00∫

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 44

Confidential and proprietary material for authorized Verizon personnel only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement.