Verizon Communications Announces Number of Common Shares Expected to Be Issued to Vodafone Shareholders
NEW YORK, Feb. 19, 2014 -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced that it
expects to issue 1,274,764,121 shares of Verizon common stock to shareholders of Vodafone Group Plc in
connection with Verizon's acquisition of Vodafone's indirect 45 percent interest in Verizon Wireless. Verizon
expects to close the transaction and issue the shares on Feb. 21, 2014, subject to customary closing conditions
and approval from the High Court of Justice of England and Wales.
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 nearly 103 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. A Dow 30 company with more than $120 billion in 2013 revenues, Verizon
employs a diverse workforce of 176,800. For more information, visit www.verizon.com.
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This communication is deemed an advertisement for the purposes of the U.K. prospectus rules and is not a
prospectus or a prospectus equivalent document. Any decision to subscribe for, purchase, otherwise acquire, sell
or otherwise dispose of any Verizon Communications Inc. shares must be made only on the basis of the
information contained in and incorporated by reference into the U.K. prospectus published by Verizon in
connection with the proposed transaction with Vodafone Group Plc. Copies of the U.K. prospectus are available
from Verizon's registered offices and on Verizon's website at www.verizon.com/investor/shareownersservices.
Forward-Looking Statements
In this communication we have made forward-looking statements. These statements are based on our estimates
and assumptions and are subject to risks and uncertainties. Forward-looking statements include the information
concerning our possible or assumed future results of operations. Forward-looking statements also include those
preceded or followed by the words "anticipates," "believes," "estimates," "hopes" or similar expressions. For those
statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995. The following important factors, along with those discussed in our filings
with the Securities and Exchange Commission (the "SEC"), could affect future results and could cause those
results to differ materially from those expressed in the forward-looking statements: the ability to realize the
expected benefits of our proposed transaction with Vodafone in the timeframe expected or at all; the ability to
complete the Vodafone transaction in the timeframe expected or at all and the costs that could be required to do
so; failure to satisfy any closing conditions to the Vodafone transaction or events giving rise to termination of the
transaction agreement; an adverse change in the ratings afforded our debt securities by nationally accredited
ratings organizations or adverse conditions in the credit markets affecting the cost, including interest rates, and/or
availability of further financing; significantly increased levels of indebtedness as a result of the Vodafone
transaction; changes in tax laws or treaties, or in their interpretation; adverse conditions in the U.S. and
international economies; material adverse changes in labor matters, including labor negotiations, and any
resulting financial and/or operational impact; material changes in technology or technology substitution; disruption
of our key suppliers' provisioning of products or services; changes in the regulatory environment in which we
operate, including any increase in restrictions on our ability to operate our networks; breaches of network or
information technology security, natural disasters, terrorist attacks or acts of war or significant litigation and any
resulting financial impact not covered by insurance; the effects of competition in the markets in which we operate;
changes in accounting assumptions that regulatory agencies, including the SEC, may require or that result from
changes in the accounting rules or their application, which could result in an impact on earnings; significant
increases in benefit plan costs or lower investment returns on plan assets; and the inability to implement our
business strategies.
No Offer or Solicitation
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a
solicitation of any vote or approval nor shall there be any offer or sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of
any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as amended, or pursuant to an exemption from the
registration requirements thereof.
Additional Information and Where to Find It
Verizon Communications Inc. has filed with the SEC a registration statement on Form S-4 containing a
prospectus with respect to the Verizon securities to be offered in the proposed transaction with Vodafone (the
"prospectus"). Verizon also filed with the SEC a proxy statement with respect to the special meeting of the
Verizon shareholders held on January 28, 2014 in connection with the proposed transaction (the "proxy
statement"). The registration statement on Form S-4 was declared effective by the SEC on December 10, 2013.
Verizon mailed the prospectus to certain Vodafone shareholders and the proxy statement to Verizon shareholders
on or about December 11, 2013. VODAFONE SHAREHOLDERS ARE URGED TO READ CAREFULLY THE PROSPECTUS AND VERIZON
SHAREHOLDERS ARE URGED TO READ CAREFULLY THE PROXY STATEMENT, EACH TOGETHER WITH OTHER RELEVANT DOCUMENTS FILED
OR TO BE FILED WITH THE SEC, IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION
ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and shareholders can obtain free copies of the
prospectus, the proxy statement and other documents filed with the SEC by the parties through the website
maintained by the SEC at www.sec.gov. In addition, investors and shareholders can obtain free copies of the
prospectus, the proxy statement and other documents filed with the SEC by Verizon by contacting Verizon's
Assistant Corporate Secretary, Verizon Communications Inc., 140 West Street, 29th Floor, New York, New York
10007. These materials are also available on Verizon's website at www.verizon.com/investor.
SOURCE Verizon Communications, Inc.
CONTACT: Bob Varettoni,
908-559-6388, robert.a.varettoni@verizon.com