Verizon Recognized for Best Practice at 2011 Institute of Credit Management Awards

Verizon has won a key award at the 2011 Institute of Credit Management Awards ceremony. The company was awarded ICM's prestigious Best Practice Award in recognition of its industry-leading credit management processes and the positive impact they have on Verizon's business success.

The ICM awards, which highlight the contribution of credit professionals to business performance, are granted following a rigorous, anonymous judging process. The ICM, Europe's largest credit management organization, represents the profession across trade, consumer and export credit, and all credit-related services.

Dominique Gaillard, Verizon's executive director of international finance operations, said: "This award recognizes the ongoing efforts of Verizon's U.K.-based team to develop a best-practice credit environment, in terms of both their own professional development and customer service initiatives. It's a great accolade for the team's hard work, and a worthy recognition of the positive impact best-practice credit management can have on overall business performance."

Verizon is a global leader in driving better business outcomes for enterprises and government agencies.  Verizon delivers integrated IT and communications solutions via its high-IQ global IP and mobility networks to enable businesses to securely access information, share content and communicate.  Verizon is rapidly transforming to a cloud-based "everything-as-a-service" delivery model that will put the power of enterprise-class solutions within the reach of every business.  Find out more at www.verizonbusiness.com.

Verizon Communications Inc. (NYSE, NASDAQ:VZ), headquartered in New York, is a global leader in delivering broadband and other wireless and wireline communications services to mass market, business, government and wholesale customers.  Verizon Wireless operates America's most reliable wireless network, with more than 104 million total connections nationwide.  Verizon also provides converged communications, information and entertainment services over America's most advanced fiber-optic network, and delivers seamless business solutions to customers around the world.  A Dow 30 company, Verizon employs a diverse workforce of more than 196,000 and last year generated consolidated revenues of $106.6 billion.  For more information, visit www.verizon.com.