Notice to the holders of redemption of notes and termination of listing on the Taipei Exchange

NEW YORK, Aug. 23, 2016 /PRNewswire/ -- Verizon Communications Inc. ("Verizon") (NYSE, Nasdaq: VZ) today announced that it will redeem all of the outstanding 4.80% Notes, due September 23, 2044 (the "Notes") in accordance with the terms and conditions of the Notes and the related indenture and delist the Notes from the Taipei Exchange on September 23, 2016 (the "Redemption Date") and that it has caused notice of redemption to be given to each holder of the Notes in accordance with the terms and conditions of the Notes and the related indenture. The details of the Notes are as follows:

1.         Bond Code:  F03601

2.         Bond Short Name:  P14VZ1

3.         ISIN:  XS1109736592

4.         Common Code:  110973659

5.         FIGI:  BBG00738JD77

6.         Initial Notional Amount: USD870,000,000

7.         Bond Name: Verizon 2014-1 Senior Unsecured Notes

8.         Date of Call/Delisting: September 23, 2016

9.         Call Price: 100% of the principal amount of the Notes being redeemed plus accrued and unpaid interest to the Redemption Date

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, has a diverse workforce of nearly 162,700 and generated nearly $132 billion in 2015 revenues. Verizon operates America's most reliable wireless network, with 113.2 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and the nation's premiere all-fiber network, and delivers integrated business solutions to customers worldwide.

Cautionary Statement Regarding Forward-Looking Statements

In this communication we have made forward-looking statements.  These forward-looking statements are not historical facts, but only predictions and generally can be identified by use of statements that include phrases such as "will," "may," "should," "continue," "anticipate," "believe," "expect," "plan," "appear," "project," "estimate," "intend," or other words or phrases of similar import.  Similarly, statements that describe our objectives, plans or goals also are forward-looking statements.  These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated.  Factors that could materially affect these forward-looking statements can be found in our periodic reports filed with the SEC. Eligible holders are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on these forward-looking statements.  The forward-looking statements included in this press release are made only as of the date of this press release, and we undertake no obligation to update publicly these forward-looking statements to reflect new information, future events or otherwise.  In light of these risks, uncertainties and assumptions, the forward-looking events might or might not occur.  We cannot assure you that projected results or events will be achieved.

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*The Taipei Exchange is not responsible for any of the content disclosed in this public source, and makes no representation on the accuracy or completeness of such information. The Taipei Exchange expressly disclaims any and all liability for any losses arising from, or as a result of the reliance on, all or part of the content of this information.

Media contact:
Bob Varettoni
908-559-6388
[email protected]

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SOURCE Verizon Communications Inc.