Verizon Offers Enhanced Financing Options for Large-Business Customers

Accelerated Depreciation Under 2008 Economic Stimulus Act Provides Flexibility
for Customers Deploying Equipment by Year's End

BASKING RIDGE, N.J., July 22 /PRNewswire/ -- Economic stimulus legislation
approved by Congress earlier this year provides additional incentive and more
financing flexibility for Verizon Business customers considering network
upgrades.

Under the 2008 Economic Stimulus Act (H.R. 5140), corporate customers can
receive accelerated or "bonus" depreciation for certain equipment, including
voice and data gear, ordered, invoiced and placed into service during 2008.
Verizon Credit, Verizon's wholly owned financing subsidiary, offers qualifying
commercial businesses more affordable financing terms and increased buying
power as they look to accelerate their transition to modern Internet protocol
(IP) technology by leasing or buying new equipment.

"This is an ideal time to purchase or lease voice and data equipment," said
Nancy Gofus, senior vice president and chief marketing officer, Verizon
Business. "The federal government's stimulus package has created tangible
incentives for businesses looking to replace or upgrade equipment to support
their transformation to IP. Such flexible financing options are an important
component of our solutions-oriented approach to meeting customers' unique and
often complex business requirements."

Verizon Credit offers flexible financing for purchased equipment, which
together with bonus depreciation provides important additional incentive for
businesses to upgrade technologies. Verizon Credit can also offer lower lease
rates to Verizon Business customers if bonus depreciation is available.

Leveraging World-Class Equipment Options and Professional Services Expertise
Verizon Business and its predecessor companies have sold, installed and
maintained customer premises equipment for more than 25 years. The company
has more than 85 resale and distributor agreements with leading equipment
providers and approximately 1,200 vendor-trained, expert field engineers.

Leveraging its vast selection of equipment and networking options, Verizon
Business professional services personnel work closely with customers to
assess, plan design and implement advanced, IP-based solutions to meet a wide
range of business objectives. Verizon Business delivers a standardized set of
more than 50 professional services through 2,700 consultants covering five
practice areas - security services, information technology services, network
integration and engineering, IP communications, and contact center services.

Visit the Verizon Business Web site for more information on bonus depreciation
and the company's portfolio of customer premises equipment.

Note: Verizon Business and Verizon Credit do not provide tax or accounting
advice. Please consult with your accounting or tax professional to learn more
about how financing can potentially benefit your organization. Actual pricing
and tax benefits will vary based on transaction details.

About Verizon Business
Verizon Business, a unit of Verizon Communications (NYSE: VZ), operates the
world's most connected public IP network and uses its industry-leading
global-network capabilities to offer large-business and government customers
an unmatched combination of security, reliability and speed. The company
integrates advanced IP communications and information technology (IT) products
and services to deliver leading enterprise solutions including managed
services, security, mobility, collaboration and professional services. These
solutions power innovation and enable the company's customers to do business
better. For more information, visit www.verizonbusiness.com.

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SOURCE Verizon Business

Kevin W. Irland, Verizon Business, +1-703-886-1117,
kevin.w.irland@verizon.com