VZC Verizon Comms

 

TIDMVZC 
 
RNS Number : 2523R 
Verizon Communications 
27 April 2009 
 

Verizon Communications Inc. 
 
 
 
 
 
 
Notice of filing with Securities and Exchange Commission 
 
 
 
 
 
 
On April 24, 2009 Verizon Communications Inc. (Verizon) filed a Current Report 
on Form 8-K with the U.S. Securities and Exchange Commission (SEC) disclosing 
its adoption of Statement of Financial Accounting Standards No. 160, 
Noncontrolling Interests in Consolidated Financial Statements-an amendment of 
ARB No. 51 , (SFAS No. 160), as of January 1, 2009. Upon the adoption of SFAS 
No. 160, Verizon retrospectively changed the classification and presentation of 
non-controlling interest, previously referred to as minority interest. The 
adoption of SFAS No. 160 had no net effect on earnings attributable to Verizon 
or on operating cash flow. Concurrent with the adoption of SFAS No. 160, Verizon 
reclassified the components of Wireline revenues to align its financial 
presentation to the continued evolution of its Wireline business. Accordingly, 
there are four marketing channels within the Wireline segment: Mass Markets, 
Global Enterprise, Global Wholesale and Other. As a convenience to investors, 
Verizon made available its historical consolidated and segment financial 
information for the past eight quarters presented in accordance with the 
requirements of SFAS No. 160 and reflecting the reclassification of the 
components of its Wireline revenues. 
 
 
Verizon also disclosed that on January 9, 2009, Cellco Partnership d/b/a Verizon 
Wireless closed its previously announced acquisition of Alltel Corporation 
(Alltel). As a convenience to investors who may want to consider the effects of 
this acquisition, Verizon made available unaudited pro forma financial and 
operating information for each of the four quarters of 2008 and for the 
year-ended December 31, 2008. 
 
These reports may be viewed in more detail on the SEC website at www.sec.gov and 
on the Verizon website at www.verizon.com. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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