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CORPORATEOVERVIEWUpdated April 24, 2014

Confidential and proprietary materials for authorized Verizon personnel and outside agencies only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 2

• The best, most reliable networks in the industry

– The largest U.S. wireless company with the largest 4G LTE network

– The largest and fastest all-fiber network in the U.S.

– One of the largest, most reliable and secure global networks

• 2013 revenues of $120.6 billion

• #16 on the Fortune 500 (2013)

• More than 176,900 employees worldwide

ABOUT VERIZON

Using technology to address big challenges

Verizon Innovation Center in San Francisco, CA

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UNSURPASSED NETWORK LEADERSHIP

As of March 31, 2014

2013 revenue of $81.0 billion2013 revenue of $81.0 billion

103.3 million retail connections103.3 million retail connections

549K net retail connections in 1Q’14549K net retail connections in 1Q’14

Total retail churn only 1.37%Total retail churn only 1.37%

1,900+ company stores and kiosks1,900+ company stores and kiosks

Verizon WirelessVerizon Wireless

4G LTE network covers 97 percent of the population in 500+ U.S. markets4G LTE network covers 97 percent of the population in 500+ U.S. markets

2013 revenue of $39.2 billion2013 revenue of $39.2 billion

6.2 million FiOS Internet subscribers6.2 million FiOS Internet subscribers

5.3 million FiOS Video subscribers5.3 million FiOS Video subscribers

Operations in 19 states and D.C.Operations in 19 states and D.C.

Serving 99% of the Fortune 1000Serving 99% of the Fortune 1000

Verizon WirelineVerizon Wireline

Global IP network serves 2,700 cities in 150+ countries Global IP network serves 2,700 cities in 150+ countries

Confidential and proprietary materials for authorized Verizon personnel and outside agencies only. Use, disclosure or distribution of this material is not permitted to any unauthorized persons or third parties except by written agreement. 4

LOWELL MCADAM, CHAIRMAN & CEO

Creating new growth opportunities for our company“We believe that converged services provide a path to sustainable growth and competitive advantage for Verizon – opening new markets and taking us where others can’t go. Even more broadly, we’re committed to using these innovative solutions to provide powerful answers to the most challenging issues facing our planet such as education, energy and healthcare – and to doing everything we can to mobilize the tech industry to help.”

2013 Verizon Annual Report – Chairman’s Letter

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• Largest wireless company in the U.S., serving 103.3M retail customers

• Largest 4G LTE network in America

– First tier-one provider in the world to build and operate a 4G LTE network

– Available in more than 500 U.S. markets, covering 97 percent of the population

• Unsurpassed customer loyalty, profitability and cost efficiency

VERIZON WIRELESS

The most advanced wireless technology and services

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• 100% fiber-optic connection for advanced video, Internet and digital phone services

• Verizon FiOS is the fastest, most reliable broadband network in America

– #1 Internet provider in customer satisfaction, with download speeds up to 500 megabits per second

– Named by PCMag.com as the fastest residential broadband service in U.S.

– Highest quality HD entertainment

RESIDENTIAL SERVICES

Transforming our customers’ broadband experience

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ENTERPRISE SOLUTIONS

Creating connections that advance global business• A global IP leader and network-based

partner for delivering communications and IT solutions

• One of the most connected backbone networks in the world

• Verizon Terremark offers advanced cloud and security services

• Verizon Telematics provides leading machine-to-machine platform

• Expanding the capacity of our global network to 100 gigabits per second for future growth in video/data traffic

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• Creating a platform for long-term growth for our customers, shareowners and society

• Using our talent and technology to address society’s biggest challenges

• Focusing on finding new ways our technology can improve healthcare, education and energy management

• Focusing our philanthropic resources on becoming a channel for innovation and social change

DEDICATED CORPORATE CITIZEN

Applying innovative technology to social issues

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• Reducing our carbon emissions through network, fleet and building efficiency initiatives

• Powering facilities and cell sites with wind, solar and other alternative energy sources

• Working with our suppliers to make our supply chain more sustainable

• Giving customers control over energy usage with broadband technologies for connected homes, smart grids, and vehicle fuel efficiency

REDUCING OUR CARBON FOOTPRINT

Addressing long-term energy challenges

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• Training magazine: #1 for best training program

• Diversity MBA magazine: #1 for Best Places for Diverse Managers & Women to Work

• Working Mother magazine: #9 for Best Companies for Multicultural Women

• National Assoc. of Female Executives:#10 for Women in Leadership

• Latina Style magazine: #7 for best companies for Latinas to work

• G.I.Jobs.com: #3 on Top Military Friendly Employers

A GREAT PLACE TO WORK

Providing a rewarding culture and great careers

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• We believe in the power of technology to build a better future

• The reach and power of our wireless, broadband and cloud networks provide an unparalleled platform to deliver solutions that provide social benefit and economic growth

• We’re working closely with inventors, innovators and entrepreneurs to tackle some of society’s biggest issues and opportunities

CREATING POWERFUL ANSWERS

Finding solutions to the world’s biggest challenges