Verizon Wireless Announces $10 Billion Distribution to Verizon and Vodafone in January 2012

BASKING RIDGE, N.J., July 28, 2011 /PRNewswire/ -- Verizon Wireless today announced that its Board of Representatives has declared a distribution to its owners, payable on Jan. 31, 2012, in proportion to their partnership interests on that date, in the aggregate amount of $10 billion.

Verizon Wireless is a joint venture between Verizon Communications Inc., which owns 55 percent of the partnership, and Vodafone Group Plc, which owns 45 percent of the partnership.

About Verizon Wireless

Verizon Wireless operates the nation's fastest, most advanced 4G network and largest, most reliable 3G network. The company serves 106.3 million total wireless connections, including 89.7 million retail customers.  Headquartered in Basking Ridge, N.J., with 83,000 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.

SOURCE Verizon Wireless

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