02.21.2007Financial

Verizon South Inc. to Redeem 7% Debentures Due 2041

NEW YORK -- Verizon South Inc., a wholly-owned subsidiary of Verizon Communications Inc., today announced that it will redeem the entire outstanding principal amount of its $300 million 7% Debentures, Series F, due April 30, 2041 (the "Debentures") on March 23, 2007.  The Debentures were originally issued in denominations of $25.00 and are currently traded on the New York Stock Exchange under the symbol "VZC".  The redemption price of 100.00% of the principal amount of the Debentures, plus interest accrued and unpaid to the redemption date, will be payable on March 23, 2007.  On and after March 23, 2007 interest will cease to accrue on the Debentures.

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

By Mail
THE BANK OF NEW YORK
P.O. BOX 396 
EAST SYRACUSE, NY  13057
ATTN:CORPORATE TRUST OPERATIONS

By Courier
THE BANK OF NEW YORK
111 SANDERS CREEK PARKWAY
EAST SYRACUSE, NY  13057
ATTN:  CORPORATE TRUST OPERATIONS

By Hand
THE BANK OF NEW YORK
101 BARCLAY STREET - 8W
NEW YORK, NY 10286 
ATTN:CORPORATE TRUST OPERATIONS