News Release

Verizon Wireless Statement On The FCC's Announced Results Of Auction 73

March 19, 2008

Nancy Stark
Nancy.Stark@VerizonWireless.com
908-559-7520Jim Gerace
James.Gerace@verizonwireless.com
908-559-7508

BASKING RIDGE, NJ — Verizon Wireless issued the following statement today in connection with the Federal Communication Commission's announced results of Auction 73:

"We are very pleased with our auction results. Specifically, we were successful in achieving the spectrum depth we need to continue to grow our business and data revenues, to preserve our reputation as the nation's most reliable wireless network, and to continue to lead in data services and help us satisfy the next wave of services and consumer electronics devices.

"The bids we won include a nationwide spectrum footprint covering 298M Pops, plus 102 licenses for individual markets covering 171M Pops.

"In compliance with the FCC's anti-collusion quiet period rules, Verizon Wireless cannot comment further until that period ends."

About Verizon Wireless
Verizon Wireless operates the nation's most reliable wireless voice and data network, serving 65.7 million customers. Headquartered in Basking Ridge, N.J., with 69,000 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.

####