Verizon Is Top Telecommunications Company in Fortune Magazine's 2013 List of World's Most Admired Companies

NEW YORK, Feb. 28, 2013 /PRNewswire/ -- Fortune magazine has ranked Verizon No. 1 in the telecommunications sector of the publication's 2013 list of the World's Most Admired Companies. This is the second consecutive year Verizon has received the top ranking, and the third time in four years.

Verizon received the top ranking in four out of nine reputation categories: innovation, social responsibility, quality of management and quality of products/services. Fortune's Most Admired Companies list is based on surveys of executives, directors and analysts who were asked to rate companies in their own industry.

"Using the power of our technology to address the world's biggest challenges and improve the lives of our customers and communities is at the very core of who we are as a company," said Randy Milch, executive vice president - public policy and general counsel at Verizon. "We're honored again to see these efforts recognized and admired by our industry peers and competitors."

Verizon prides itself on having a positive corporate reputation not only as a leader in mobility, broadband and global connectivity, but as a positive force in the communities it serves. Through the company's Shared Success strategy, Verizon innovation is bringing Powerful Answers to the problems in healthcare delivery, energy efficiency and education confronting our communities.

For more information on Verizon's corporate responsibility efforts and shared success strategy, visit www.verizon.com/responsibility.

The complete list of the World's Most Admired Companies, and related stories, will appear in Fortune's March 18 issue, which will be available on newsstands next week.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, with more than 98 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 in more than 150 countries, including all of the Fortune 500.  A Dow 30 company with nearly $116 billion in 2012 revenues, Verizon employs a diverse workforce of 183,400.  For more information, visit www.verizon.com.

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SOURCE Verizon