RNS Number:9196I
Verizon Communications
22 February 2005

                                    FORM 8-K
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                                  UNITED STATES

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

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                                    FORM 8-K


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                                 CURRENT REPORT

     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


                       Date of Report: February 22, 2005
                       (Date of earliest event reported)


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                          VERIZON COMMUNICATIONS INC.

             (Exact name of registrant as specified in its charter)


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Delaware                             1-8606                    23-2259884 
(State or other jurisdiction (Commission File Number)      (I.R.S. Employer
of incorporation)                                          Identification No.)
   

1095 Avenue of the Americas
New York, New York                                               10036 
(Address of principal executive offices)                       (Zip Code) 


       Registrant's telephone number, including area code: (212) 395-2121


                                 Not applicable

         (Former name or former address, if changed since last report)

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Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

(  ) Written communications  pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

( )  Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

( )  Pre-commencement  communications  pursuant  to Rule  14d-2(b)  under the
     Exchange Act (17 CFR 240.14d-2(b))

( )  Pre-commencement  communications  pursuant  to Rule  13e-4(c)  under the
     Exchange Act (17 CFR 240.13e-4(c))

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Item 8.01 Other Events. 

 

Verizon  Communications  Inc. (Verizon) reported in its Form 10-Q filing for the
quarterly  period  ended  September  30, 2004 that,  effective  January 1, 2005,
Verizon would begin  evaluating its wireless  licenses for potential  impairment
using a direct value  methodology,  rather than the residual  method,  which had
been used prior to January 1, 2005.  Verizon initiated this change in accordance
with a  Securities  and  Exchange  Commission  Staff  Announcement,  "Use of the
Residual Method to Value Acquired Assets Other Than Goodwill." The valuation and
analyses  prepared in  connection  with the  adoption of a direct  value  method
effective  January 1, 2005 resulted in no  adjustment  to the carrying  value of
Verizon's  wireless licenses,  and accordingly,  had no effect on our results of
operations and financial position.



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                                 SIGNATURE 

 

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

 

   
                                       Verizon Communications Inc.
                                       ----------------------------------------
                                              (Registrant) 
  
Date: February 22, 2005                /s/ David H. Benson
                                       ----------------------------------------
                                       David H. Benson 
                                       Senior Vice President and Controller 



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