Verizon Communications (VZ)

Other

Other services include such services as local exchange and long distance services from former MCI mass market customers, operator services, pay phone, card services and supply sales, as well as dial around services including 10-10-987, 10-10-220, 1-800-COLLECT and prepaid cards. In 2009, Other revenues were $1,700 million, representing approximately 4% of Wireline’s aggregate revenues.

Other

On May 8, 2009, Verizon Wireless entered into an agreement with AT&T to purchase certain assets of Centennial Communications Corporation for $240 million. Completion of the foregoing transaction is subject to the receipt of regulatory approval.

In July 2007, Verizon acquired a security-services firm for $435 million, primarily resulting in goodwill of $343 million and other intangible assets of $81 million. This acquisition was made to enhance our managed information security services to large business and government customers worldwide. This acquisition was integrated into the Wireline segment.

Other

Other revenues include such services as local exchange and long distance services from former MCI mass market customers, operator services (including deaf relay services), pay phone, card services and supply sales, as well as dial around services including 10-10-987, 10-10-220, 1-800-COLLECT and prepaid cards. Revenues from other services during the first quarter of 2009 decreased by $115 million, or 18.4%, compared to the similar period in 2008 mainly due to the discontinuation of non-strategic product lines and reduced business volumes, including former MCI mass market customer losses.

Other

In connection with the 2006 acquisition of MCI, Inc. (MCI), we recorded certain severance and severance-related costs and contract termination costs associated with the merger, pursuant to Emerging Issues Task Force Issue No. 95-3, Recognition of Liabilities in Connection with a Purchase Business Combination. As of December 31, 2007, there was approximately $36 million for these obligations which were resolved during the nine months ended September 30, 2008.

During the three and nine months ended September 30, 2008, we recorded pretax charges of $50 million ($32 million after-tax) and $115 million ($72 million after-tax), respectively, primarily related to the MCI acquisition that were comprised primarily of systems integration activities. During the three and nine months ended September 30, 2007, we recorded pretax charges of $45 million ($28 million after-tax) and $86 million ($54 million after-tax), respectively, related to system integration activities associated with the MCI acquisition.

Other

In connection with the 2006 acquisition of MCI, Inc. (MCI), we recorded certain severance and severance-related costs and contract termination costs associated with the merger, pursuant to EITF Issue No. 95-3, Recognition of Liabilities in Connection with a Purchase Business Combination.

The following table summarizes the activity related to these obligations during the first half of 2008:

The remaining contract termination costs at June 30, 2008 are expected to be paid over the remaining contract periods through 2009.

During the three and six months ended June 30, 2008, we recorded pretax charges of $36 million ($22 million after-tax) and $65 million ($40 million after-tax), respectively, primarily related to the MCI acquisition and comprised primarily of systems integration activities. During the three and six months ended June 30, 2007, we recorded pretax charges of $27 million ($17 million after-tax) and $41 million ($26 million after-tax), respectively, related to system integration activities associated with the MCI acquisition.

Other

In connection with the 2006 acquisition of MCI, Inc. (MCI), we recorded certain severance and severance-related costs and contract termination costs associated with the merger, pursuant to EITF Issue No. 95-3, Recognition of Liabilities in Connection with a Purchase Business Combination.

The following table summarizes the activity related to these obligations during the first quarter of 2008:

The remaining contract termination costs at March 31, 2008 are expected to be paid over the remaining contract periods through 2009.

During the first quarter of 2008 and 2007, we recorded pretax charges of $29 million ($18 million after-tax) and $14 million ($9 million after-tax) respectively, primarily associated with the MCI acquisition that were comprised of systems integration activities and other costs related to re-branding initiatives, facility exit costs and advertising.

Other Items

During the nine months ended September 30, 2007, Verizon contributed $100 million ($65 million after-tax) to the Verizon Foundation to fund its charitable activities and increase its self-sufficiency.