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Verizon to Voluntarily Withdraw Listing on The NASDAQ OMX Group’s Former Philadelphia Exchange

October 24, 2008

NEW YORK, Oct. 24 /PRNewswire/ — Verizon Communications Inc. announced today that it will voluntarily withdraw its common stock from the NASDAQ OMX PHLX, the former Philadelphia Stock Exchange which was recently acquired by The NASDAQ OMX Group, Inc. .

The NASDAQ OMX Group has informed Verizon that it intends to end the equity trading platform on which Verizon stock has maintained a secondary listing.

Verizon securities will continue to be listed on the New York Stock Exchange.

VERIZON’S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon’s News Center on the World Wide Web at http://www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.

Verizon Communications Inc.

CONTACT: Bob Varettoni, +1-908-559-6388, robert.a.varettoni@verizon.com

Web Site: http://www.verizon.com/news




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