Verizon to repurchase debt securities NEW YORK, Ma

NEW YORK, May 11, 2018 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE: VZ ) (NASDAQ: VZ ) today announced that it has delivered a Notice of Repurchase with respect to its Floating Rate Notes due February 21, 2025 (CUSIP No. 92343V DB7; ISIN US92343VDB71).  The outstanding $2,500,000,000 aggregate principal amount of such notes is expected to be repurchased on or before June 11, 2018.

Verizon Communications Inc. (NYSE: VZ ) (Nasdaq: VZ ), headquartered in New York City, generated $126 billion in 2017 revenues. The company operates America’s most reliable wireless network and the nation’s premier all-fiber network, and delivers integrated solutions to businesses worldwide. Its Oath subsidiary reaches about one billion people around the world with a dynamic house of media and technology brands.

Cautionary Statement Regarding Forward-Looking Statements

In this communication we have made forward-looking statements. These forward-looking statements are not historical facts, but only predictions and generally can be identified by use of statements that include phrases such as “will,” “may,” “should,” “continue,” “anticipate,” “believe,” “expect,” “plan,” “appear,” “project,” “estimate,” “intend,” or other words or phrases of similar import. Similarly, statements that describe our objectives, plans or goals also are forward-looking statements. These forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated. Factors that could materially affect these forward-looking statements can be found in our periodic reports filed with the SEC. Eligible holders are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements included in this press release are made only as of the date of this press release, and we undertake no obligation to update publicly these forward-looking statements to reflect new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events might or might not occur. We cannot assure you that projected results or events will be achieved.

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Media contact:  Bob Varettoni  908-559-6388 robert.a.varettoni@verizon.com