The Verizon Value Creation Model

2. As a result of our investments, we accelerated our revenue growth.

Consolidated Revenues

We believe that the best way for us to create value for our shareowners is to grow the business. By strengthening our business mix around growth products and services, we created a stronger revenue stream. Sales of our new growth products have also led to increased revenue per customer, which has helped offset the losses we experienced in some of our legacy products. In 2006, consolidated revenues increased by $18.7 billion to a total of $88.2 billion, largely a result of our acquisition of MCI. In 2007, consolidated revenues totaled $93.5 billion, an increase of $5.3 billion compared to 2006.