TIDMVZC

RNS Number : 6907A

Verizon Communications

21 February 2014

Verizon Communications Inc.

Notice of filing with the U.S. Securities and Exchange Commission (SEC)

On February 21, 2014, Verizon Communications Inc. (Verizon) filed a Form 8-K with the SEC disclosing that Verizon completed its acquisition of Vodafone Group Plc's ("Vodafone") indirect 45% interest in Cellco Partnership d/b/a Verizon Wireless (the "Partnership"), in accordance with the stock purchase agreement (the "Stock Purchase Agreement"), dated September 2, 2013, as amended on December 5, 2013, by and among Verizon, Vodafone and Vodafone 4 Limited (such amendment, the "First Amendment").

In consideration for Vodafone's indirect 45% interest in the Partnership, Verizon (i) paid approximately $58.9 billion in cash (the "Cash Consideration"), (ii) issued 1,274,764,121 shares of Verizon's common stock, par value $0.10 per share, (iii) issued senior unsecured Verizon notes in an aggregate principal amount of $5.0 billion, (iv) sold Verizon's indirect 23.1% interest in Vodafone Omnitel N.V., valued at $3.5 billion and (v) provided other consideration of approximately $2.5 billion.

In connection with the completion of the acquisition, Verizon and Vodafone have terminated, as of February 21, 2014, the U.S. Wireless Alliance Agreement between Vodafone and Verizon, dated as of September 21, 1999 (as amended, the "Alliance Agreement"), and the Investment Agreement between Vodafone, Verizon and the Partnership, dated April 3, 2000 (as amended, the "Investment Agreement").

The report may be viewed in more detail on the SEC website at www.sec.gov and on the Verizon website at www.verizon.com/investor.

A copy of the above document has been submitted to the National Storage Mechanism and will shortly be available for inspection at http://www.Hemscott.com/nsm.do.

This information is provided by RNS

The company news service from the London Stock Exchange

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