Verizon to Dual List Its Stock on NASDAQ and NYSE

NEW YORK, March 12 /PRNewswire/ -- Verizon Communications Inc. today announced that it will dual list its common stock on the NASDAQ Global Select Market, effective with the start of trading this morning.

Verizon stock will continue to trade under the ticker symbol "VZ," and beginning today it will be listed on both the New York Stock Exchange, where it is currently listed, and on NASDAQ.

John Killian, Verizon's chief financial officer, said, "Verizon has a broad and diverse shareholder base, and we believe that the additional support provided by dual listing will benefit our current and potential investors.  We are pleased to now be listed on both of these great exchanges."

Verizon has approximately 2.5 million shareowners and approximately 2.8 billion shares of common stock outstanding.

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 mass market, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, serving more than 91 million customers nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers innovative, seamless business solutions to customers around the world.  A Dow 30 company, Verizon employs a diverse workforce of approximately 222,900 and last year generated consolidated revenues of more than $107 billion.  For more information, visit www.verizon.com.

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SOURCE Verizon Communications Inc.