Cellco Partnership d/b/a Verizon Wireless Verizon Wireless Capital LLC to Redeem 5.55% Notes, Due February 1, 2014

Bob Varettoni
T. 908-559-6388

NEW YORK – Verizon Communications Inc. today announced that its subsidiaries, Cellco Partnership (the “Partnership”), Verizon Wireless Capital LLC (“Capital” and together with the Partnership, “the “Issuers”), will redeem the entire outstanding principal amount of its $3,500,000,000 5.55% Notes, due February 1, 2014 (CUSIP 92344S AP5) (the “Notes”).

The redemption date for the Notes will be November 29, 2013 (the “Redemption Date”). 

The redemption price for the Notes will be equal to the sum of the present values of the remaining scheduled payments of  principal and interest on the Notes (exclusive of interest accrued to the Redemption Date), discounted to the Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate (as defined in the Notes) plus 75 basis points (the “Redemption Price”), plus accrued and unpaid interest on the principal amount to the Redemption Date.  The Redemption Price will be calculated by the Issuers or their agent in accordance with the terms of the Notes on the third business day preceding the Redemption Date.

The name and address of the paying agent for the redemption is:

By Mail

By Courier

By Hand

U.S. Bank
Corporate Trust Services
Attn: Registered Payments
60 Livingston Avenue
St. Paul, MN  55107-2292

U.S. Bank
Corporate Trust Services
60 Livingston Avenue
1st Fl – Bond Drop Window
St Paul, MN 55107-2292

U.S. Bank
Corporate Trust Services
100 Wall Street
Suite 1600
New York, NY 10005