News Release

Verizon Wireless Investor Information

October 23, 2002

BEDMINSTER, NJ — Verizon Wireless does not normally announce earnings or other financial performance information about its business. This information is, however, included in the financial results regularly reported by Verizon Communications.

Verizon Communications will conduct its next quarterly earnings conference call on Friday, October 25th at 9:00 a.m. (eastern time).

The earnings release and quarterly financial statements will be posted to Verizon Communications' Investor Information website by 8:00 a.m. on Friday morning. The website address is www.verizon.com/investor. These materials will also be available through the Verizon Communications fax-on-demand service (800) 329-7310.

To listen to the webcast live at 9:00 a.m. and view the slide presentation, go to www.verizon.com/investor.

Replays will be available on the Verizon Communications site for several weeks.

To update your profile or remove yourself from automatic News Delivery, please visit the Verizon Wireless Customized News Service Center.

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