Verizon Wireless Reports Solid 2Q 2008 Growth Of 1.5 Million New Customers

BASKING RIDGE, N.J., July 22 /PRNewswire/ -- Verizon Wireless today
announced second-quarter 2008 net customer additions of 1.5 million. At the
end of the quarter the company had 68.7 million customers, including 66.7
million retail customers, which are those it directly serves and manages and
who choose the Verizon Wireless brand. More customers use the Verizon
Wireless brand than any other wireless brand in the U.S.
Verizon Wireless has the most reliable coast-to-coast wireless voice and
data network, and the largest 3G wireless broadband network -- key in
attracting new customers and earning the loyalty of existing customers. The
company consistently has had the highest loyalty level in the industry, as
measured by the rate of customer churn.
Further details about Verizon Wireless' financial and operational results
for the quarter will be reported when Verizon Communications announces its
consolidated quarterly results on July 28. Verizon Wireless is a joint
venture of Verizon Communications (NYSE: VZ) and Vodafone Group plc (NYSE and
LSE: VOD), which earlier today reported key performance indicators that
included its proportionate share of Verizon Wireless net customer additions.
About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and
data network, serving 68.7 million customers. Headquartered in Basking Ridge,
N.J., with 70,000 employees nationwide, Verizon Wireless is a joint venture of
Verizon Communications (NYSE: VZ) and Vodafone (NYSE and LSE: VOD). For more
information, go to: www.verizonwireless.com. To preview and request
broadcast-quality video footage and high-resolution stills of Verizon Wireless
operations, log on to the Verizon Wireless Multimedia Library at
www.verizonwireless.com/multimedia.
NOTE: This news release contains statements about expected future events
and financial results that are forward-looking and subject to risks and
uncertainties. For those statements, we claim the protection of the safe
harbor for forward-looking statements contained in the Private Securities
Litigation Reform Act of 1995. The following important factors could affect
future results and could cause those results to differ materially from those
expressed in the forward-looking statements: materially adverse changes in
economic and industry conditions and labor matters, including workforce levels
and labor negotiations, and any resulting financial and/or operational impact,
in the markets served by us or by companies in which we have substantial
investments; material changes in available technology, including disruption of
our suppliers' provisioning of critical products or services; the impact of
natural or man-made disasters or litigation and any resulting financial impact
not covered by insurance; technology substitution; an adverse change in the
ratings afforded our debt securities by nationally accredited ratings
organizations; the final results of federal and state regulatory proceedings
concerning our provision of retail and wholesale services and judicial review
of those results; the effects of competition in our markets; the timing, scope
and financial impacts of our deployment of fiber-to-the-premises broadband
technology; the ability of Verizon Wireless to continue to obtain sufficient
spectrum resources; changes in our accounting assumptions that regulatory
agencies, including the SEC, may require or that result from changes in the
accounting rules or their application, which could result in an impact on
earnings; and the ability to complete acquisitions and dispositions.
SOURCE Verizon Wireless

Nancy Stark of Verizon Wireless, +1-908-559-7520,
Nancy.Stark@verizonwireless.com