News Release

Loop Capital Named Co-Advisor For Verizon Wireless Spectrum Sale Process

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May 20, 2012

Robin B. Nicol
Robin.Nicol@VerizonWireless.com
908-559-7515

BASKING RIDGE, NJ — Verizon Wireless today announced that Loop Capital Markets LLC, the largest minority-owned full-service investment bank in the United States, has been engaged as co-advisor for the sale of Verizon Wireless’ lower 700 MHz A and B spectrum licenses.  Together, Loop Capital Markets LLC, headquartered in Chicago, and Stephens Inc. will reach out to a wide range of potential bidders, including minority-owned and female-owned businesses.

Interested parties may contact Stephens Inc. (vz_spectrum@stephens.com / 501-377-8134) or Loop Capital Markets LLC (vz_spectrum@loopcapital.com / 312-913-2203).

About Verizon Wireless
Verizon Wireless operates the nation’s largest 4G LTE network and largest, most reliable 3G network. The company serves 93.0 million retail customers, including 88.0 million retail postpaid customers.  Headquartered in Basking Ridge, N.J., with 80,000 employees nationwide, Verizon Wireless is a joint venture of Verizon Communications (NYSE, NASDAQ: VZ) and Vodafone (LSE, NASDAQ: VOD).  For more information, visit 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.

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