Verizon Investor Presentation Deck

Sustained Profitability Leadership - 2Q05 27.6% EBITDA Margin $49.42 35.2% 35.6% Cingular Sprint T-Mobile Nextel $50.43 ARPU 41.0% $54.00 $62.00 Verizon Cingular T-Mobile Sprint Wireless 43.0% Verizon Wireless *Note: ARPU as reported Basis for calculation differs among companies. $73.00 Nextel verizon Cash Expense per Customer $42.80 $42.78 II | Sprint Nextel Cingular T-Mobile $36.52 $34.81 Leader in profitability ▪ Lowest cash expense ▪ ARPU stability $28.16 Verizon Wireless 11

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