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Verizon New England Inc. to Redeem 7% Debentures, Series B, Due 2042
Nov 09, 2007 (08:11 AM EST)


NEW YORK, Nov. 9 /PRNewswire/ -- Verizon New England Inc., an indirect wholly-owned subsidiary of Verizon Communications Inc., today announced that it will redeem the entire outstanding principal amount of its $480 million 7% Debentures, Series B, due 2042, referred to as the Debentures, on Dec. 10, 2007. The Debentures were originally issued in increments of $25.00 and are currently traded on the New York Stock Exchange under the symbol "KVZ", (CUSIP 92344R201). The redemption price of 100.00% of the principal amount of the Debentures ($25.00 per increment), plus interest accrued and unpaid to the redemption date, will be payable on Dec. 10, 2007. On and after Dec. 10, 2007, interest will cease to accrue on the Debentures.

The name and address of the paying agent for the redemption is: By Mail By Courier By Hand ------- ---------- ------- U.S. Bank U.S. Bank U.S. Bank Corporate Trust Services Corporate Trust Services Corporate Trust Services P.O. BOX 64111 60 Livingston Avenue 100 Wall Street, St. Paul, MN 55164-0111 1st Fl-Bond Drop Window Suite 1600 St Paul, MN 55107 New York, NY 10005

Verizon Communications Inc. www.verizon.com , headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving 63.7 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon has a diverse workforce of nearly 238,000 and last year generated consolidated operating revenues of more than $88 billion. For more information, visit .

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high quality video and images, and other information are available at Verizon's News Center on the World Wide Web at www.verizon.com/news . To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.

CONTACT: Bob Varettoni of Verizon, +1-908-559-6388, robert.a.varettoni@verizon.com

Web site: http://www.verizon.com/

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