Verizon Customers Get New Content From NBC Universal on Multiple Platforms - Any Time, Any Place

NEW YORK and ENGLEWOOD CLIFFS, NJ — Verizon and NBC Universal have reached an agreement to bring Verizon customers NBC
Universal's coverage of the 2008 Olympic Games in Beijing on all three
Verizon platforms -- TV, broadband and wireless. The content ranges from
schedules and medal standings to news, photos and highlights. Also, in
addition to Verizon's current carriage of NBC HD and Universal HD, Verizon
will launch a robust high-definition (HD) offering with the addition of
four new HD networks: Bravo HD, CNBC+ HD, USA Network HD and SCI FI HD.
FiOS TV customers will see these four HD channels launch during the next
few months, region by region.

"From TV to broadband to wireless, Verizon is delivering the very best
content and programming, and that includes NBC Universal's unprecedented
Olympics coverage," said Terry Denson, vice president -- FiOS TV content
and programming. "That's exciting for our customers, and it is a great
opportunity for us to be able to showcase FiOS TV's video-on-demand and
high-definition content, our incredible broadband services, and Verizon
Wireless' V CAST video service."

Through the agreement with NBC Universal, Verizon customers will have
access to the following Olympic-related content:

Video on demand -- Verizon's FiOS TV customers already have access to
NBC Olympics video-on-demand (VOD) programming, including athlete features,
Beijing previews and more. During the Olympic Games, FiOS TV's VOD library
will offer NBC's daily highlight clips in standard- and high-definition as
well as replays of some of the best events of the day, including swimming,
diving, gymnastics, track and field, and more.

Broadband -- Verizon's FiOS Internet and High Speed Internet customers
now have online access to NBC clips, news, photos and slideshows, a
countdown clock and background on various athletes. During the Games,
Verizon's broadband customers will have access to NBC's live streaming of
more than 20 different sports as well as highlights from various events and
medal standings. Verizon's broadband customers can decide which Olympic
sports to watch online, either live or on demand, through a high-quality,
full-screen viewing experience.

Olympics in HD -- In addition to the four new HD channels coming to
Verizon's FiOS TV customers, the company also will launch two NBC HD
channels dedicated to covering Olympic basketball and soccer. Live events,
highlights and studio programming will be made available on NBC Universal's
USA HD and Universal HD.

Wireless -- During the games, Verizon Wireless customers can keep up
with the Olympic action on V CAST video through NBC's wireless coverage,
which will include daily highlights, breaking news, scores and results,
features, and more.

For more information about Verizon Wireless products and services,
visit a Verizon Wireless Communications Store, call 1-800-2 JOIN IN or go
to To learn more about Verizon FiOS TV and FiOS
Internet, customers can visit or call their local
Verizon sales office or 888-438-3467. Customers interested in Verizon's
High-Speed Internet service can call 877-483-5898 or go to

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quarter 2008 and last year generated consolidated operating revenues of
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