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Verizon Communications Inc.

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Verizon Wireless - Selected Pro Forma Financial Results and Operational Metrics (Unaudited)

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(dollars in millions, except ARPU and Customer data)

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20092010

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1st Quarter 2nd Quarter3rd Quarter4th Quarter1st Quarter 2nd Quarter3rd Quarter

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Total Revenues$14,690$0$15,029$0$15,331$0$15,275$0$15,312$0$15,697$16,250

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Y/Y % Change8.87.54.734.24.46

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Service Revenues$12,725$0$12,989$0$13,149$0$13,183$0$13,466$0$13,802$14,168

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Y/Y % Change10.38.95.955.86.37.7

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Operating Income$4,063$0$4,248$0$4,245$0$4,082$0$4,333$0$4,683$4,854

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Y/Y % Change12.810.310.1-3.46.610.214.3

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Operating Income Margin %27.728.327.726.728.329.829.9

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Segment EBITDA$5,812$0$5,975$0$6,003$0$5,878$0$6,145$0$6,510$6,690

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Y/Y % Change129.49-0.95.7911.4

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Segment EBITDA Service Margin %45.74645.744.645.647.247.2

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Cash Expense per Customer$27.43$0.00$27.46$0.00$27.59$0.00$27.72$0.00$27.14$0.00$26.60$26.88

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Y/Y % Change-0.10.3-3.13.5-1.1-3.1-2.6

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Total Service ARPU$50.49$0.00$50.85$0.00$50.77$0.00$50.02$0.00$49.92$0.00$50.35$50.94

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Y/Y % Change1.10.6-0.8-1.4-1.1-10.3

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Retail Postpaid ARPU$52.11$0.00$52.41$0.00$52.60$0.00$52.22$0.00$52.41$0.00$53.17$53.66

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Y/Y % Change1.20.60.1 - 0.61.52

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Total Data Revenues$3,552$0$3,807$0$4,007$0$4,198$0$4,464$0$4,756$5,062

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Y/Y % Change363328.225.725.724.926.3

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Total Data ARPU$14.09$0.00$14.91$0.00$15.47$0.00$15.93$0.00$16.55$0.00$17.35$18.20

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Y/Y % Change24.622.820.118.117.516.417.6

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Total Data as a % of Service Revenues27.9 - 29.3 - 30.5 - 31.8 - 33.2 - 34.535.7

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Statistical Information

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Total Customers (000)84,636085,727086,990089,172090,705092,06393,170

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Total Net Adds (000) (1)1,2201,0901,1852,1611,5291,3589971,107

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Total Churn1.44%1.34%1.46%1.39%1.36%1.25%1.36%

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Retail Customers (000)82,180083,272084,268085,445085,715086,17686,734

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Retail Net Adds (000) (1)1,2041,0929161,157266461447

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Retail Churn1.44%1.34%1.46%1.40%1.42%1.31%1.43%

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Retail Postpaid Customers (000)77,354078,395079,371080,495080,912081,57382,257

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Retail Postpaid Net Adds (000) (1) 9361,0449011,106412661584

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Retail Postpaid Churn1.13%0.00%1.00%0.00%1.12%0.00%1.05%0.00%1.05%0.00%0.93%1.07%

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Footnotes:

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-1Customers net additions exclude acquisitions and adjustments.

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-The segment financial results and metrics above are adjusted to exclude the impact of divested operations, as well as the effects of non-recurring or non-operational items, as the Company's chief operating decision maker excludes these items in assessing business unit performance.

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-Certain reclassifications have been made, where appropriate, to reflect comparable operating results, including the impact of divested operations.

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-The calculation of year over year percentage change for 2009 contains the actual combined operating results of Verizon and Alltel, net of divestitures, with the results as of January 1, 2008 adjusted to include the pro forma impact of the elimination of transactions between Verizon and Alltel and conforming adjustments.

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-For the reconciliation of non-GAAP financial measures included in this supplemental information to the comparable GAAP measures, please refer to www.verizon.com/investor.

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Verizon Communications Inc.

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Verizon Wireless – Selected Financial Results

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(dollars in millions)

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3 Mos. Ended 3 Mos. Ended 9 Mos. Ended 9 Mos. Ended

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Unaudited 9/30/10 9/30/09 % Change 9/30/10 9/30/09 % Change

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Revenues

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Service revenues$14,168$13,1497.7$41,436$38,8636.6

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Equipment and other2,0822,182-4.65,8236,187-5.9

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Total Revenues16,25015,331647,25945,0504.9

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Operating Expenses

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Cost of services and sales5,0174,9291.814,42814,2041.6

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Selling, general & administrative expense4,5434,3993.313,48613,0563.3

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Depreciation and amortization expense1,8361,7584.45,4755,2344.6

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Total Operating Expenses11,39611,0862.833,38932,4942.8

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Operating Income$4,854$4,24514.3$13,870$12,55610.5

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Operating Income Margin29.90%27.70%29.30%27.90%

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(numbers in thousands)

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Unaudited 9/30/10 9/30/09 % Change

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Selected Operating Statistics

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Total Customers 93,17086,9907.1

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Retail Customers 86,73484,2682.9

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(numbers in thousands)

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3 Mos. Ended 3 Mos. Ended 9 Mos. Ended 9 Mos. Ended

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Unaudited 9/30/10 9/30/09 % Change 9/30/10 9/30/09 % Change

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Total Customer net adds in period (1) 9971,185-15.93,8843,49511.1

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Retail Customer net adds in period (1) 447916-51.21,1743,212-63.4

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Total churn rate1.36%1.46%1.32%1.42%

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Retail churn rate1.43%1.46%1.39%1.41%

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Footnotes:

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-1Customer net additions exclude acquisitions and adjustments.

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The segment financial results and metrics above are adjusted to exclude the impact of divested operations, as well as the effects of non-recurring or non-operational items, as the Company's chief operating decision maker excludes these items in assessing business unit performance.

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Intersegment transactions have not been eliminated.

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Certain reclassifications have been made, where appropriate, to reflect comparable operating results, including the impact of divested operations.