News Release

Best Buy to Provide Verizon Wireless in Stores Nationwide

Announcement Extends Best Buy's Commitment to Customer Choice

September 20, 2000

Joy Harris
Best Buy Co. Inc.
Phone: 952-995-5448
Cell: 612-804-6012

Brenda Boyd Raney    
Verizon Wireless
908-306-4834

MINNEAPOLIS, Sept. 21, 2000 — Best Buy Co., Inc. (NYSE: BBY) and Verizon Wireless today announced that Verizon Wireless services will be offered at more than 350 Best Buy stores nationwide beginning in October. The agreement offers customers unparalleled choice in cellular phone service and mobile Internet access plans and is a complement to Best Buy's current national wireless two-way messaging and paging relationship with Verizon Wireless.

With this agreement, consumers can now come to Best Buy to compare rate plans, coverage, pricing and wireless Internet plans, making the wireless purchase decision easier and more convenient. The agreement includes Verizon Wireless' full array of wireless products and services including the company's recently announced Mobile Web service that combines access to Internet based information with the ability to personalize that information.

"Best Buy's relationship with Verizon Wireless allows customers an unprecedented choice in wireless options" said Brad Anderson, Best Buy President and COO. "This agreement is part of Best Buy's plan to expand and improve the ways people communicate and gather information online. We're pleased to join in this effort with Verizon Wireless-a leader in the wireless market."

Best Buy customers will benefit from Verizon Wireless' national cellular plans that provide them with freedom while traveling due to Verizon Wireless' digital technology and coast-to-coast coverage area. The agreement is especially significant to smaller markets where consumers commonly have very limited options for service. Verizon Wireless serves 96 of the top100 markets nationwide.

"Verizon Wireless has a commitment to provide affordable, wireless service to customers nationwide," said Jeff Tennery, Vice President, National Distribution, Verizon Wireless. "Bringing our service to retail provides customers a convenient way to become acquainted with the variety of wireless service options offered by Verizon Wireless. And, with Best Buy's involvement, it truly puts the power in the hands of the consumer."

About Best Buy Co., Inc.

Minneapolis-based Best Buy Co., Inc. (NYSE: BBY) is the nation's number one specialty retailer of consumer electronics, personal computers, entertainment software and appliances. The Company reaches consumers nationwide through its more than 350 retails stores located in 40 states and online at http://www.bestbuy.com.

About Verizon Wireless

Verizon Wireless is the largest wireless communications provider in the U.S., serving more than 25 million voice and data customers and 3.5 million paging customers. The new coast-to-coast company was formed through the combination of the U.S. wireless businesses of Bell Atlantic Corp. and GTE Corp -- now Verizon Communications (NYSE:VZ) -- and Vodafone (LSE:VOD); The company, which includes the assets of Bell Atlantic Mobile, AirTouch Cellular, GTE Wireless, PrimeCo Personal Communications and AirTouch Paging, is licensed to serve nearly 90 percent of the U.S. population and 96 of the top 100 markets.

Headquartered in New York City and Bedminster, NJ, the company has 30,000 employees. For more information about Verizon Wireless visits its Media Center on the Web at: http://www.verizonwireless.com/mediacenter/index.

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