Verizon Investor Presentation Deck

Strong Performance Net Adds (M) Customers (M) 2Q '05 1.9 47.4 1.22% $6.9 $49.42 $28.16 $3.0 43.0% $1.7 Sustained Results 2Q '04 1.5 40.4 1.45% $6.0 $50.80 $27.95 Churn Service Revenue (B) ARPU Cash Exp./Customer EBITDA (B) EBITDA Margin CapEx (B) verizon Y/Y 25% 17% (23 bps) 14% (3%) 1% 9% $2.7 45.0% (200 bps) $1.4 18%

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