Verizon Communications Declares Quarterly Dividend

December 7, 2006 - NEW YORK - The Board of Directors of Verizon Communications Inc. (NYSE:VZ) today declared a quarterly dividend of 40.5 cents per outstanding share, unchanged from the previous quarter. The dividend is payable on Feb. 1, 2007, to Verizon Communications shareowners of record at the close of business on Jan. 10, 2007.

Verizon has approximately 2.7 million shareowners and approximately 2.9 billion shares of common stock outstanding. The company made $3.5 billion in dividend payments in the first nine months of 2006.

Verizon Communications Inc. (NYSE:VZ), a New York-based Dow 30 company, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, serving nearly 57 million customers nationwide. Verizon’s Wireline operations include Verizon Business, which operates one of the most expansive wholly-owned global IP networks, and Verizon Telecom, which is deploying the nation’s most advanced fiber-optic network to deliver the benefits of converged communications, information and entertainment services to customers. For more information, visit www.verizon.com.

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Bob Varettoni

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Verizon Communications Inc.

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