Verizon Communications (VZ)

Other Intangible Assets

The following table displays the details of other intangible assets:

Customer lists and Other at September 30, 2008 include $197 million related to the Rural Cellular acquisition. Amortization expense was $352 million and $1,022 million for the three and nine months ended September 30, 2008, respectively. Amortization expense was $332 million and $1,005 million for the three and nine months ended September 30, 2007, respectively. Amortization expense is estimated to be $1,317 million for the full year of 2008, $1,138 million in 2009, $922 million in 2010, $750 million in 2011 and $529 million in 2012.

On January 4, 2008, Verizon Wireless paid to the Federal Communications Commission (FCC) an $885 million deposit in order to obtain 590 million bidding eligibility units for participation in the FCC auction of spectrum in the 700 MHz band (Auction 73). This spectrum is currently used for UHF television operations but by law those operations must cease no later than February 17, 2009. On March 20, 2008, the FCC announced the results of its Auction 73 for wireless spectrum licenses. Verizon Wireless was the successful bidder for twenty-five 12 MHz licenses in the A-Block frequency, seventy-seven 12 MHz licenses in the B-Block frequency and seven 22 MHz licenses (nationwide with the exception of Alaska) in the C-Block frequency, with an aggregate bid price of approximately $9.4 billion. The remaining balance due to the FCC was paid by Verizon Wireless in April 2008. Verizon Wireless expects the licenses to be granted by the FCC in the fourth quarter of 2008.

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Other Intangible Assets

The following table displays the details of other intangible assets:

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Amortization expense was $338 million and $671 million for the three and six months ended June 30, 2008, respectively. Amortization expense was $330 million and $673 million for the three and six months ended June 30, 2007, respectively. Amortization expense is estimated to be $1,291 million for the full year of 2008, $1,074 million in 2009, $873 million in 2010, $706 million in 2011 and $485 million in 2012.

On January 4, 2008, Verizon Wireless paid to the Federal Communications Commission (FCC) an $885 million deposit in order to obtain 590 million bidding eligibility units for participation in the FCC auction of spectrum in the 700 MHz band (Auction 73). This spectrum is currently used for UHF television operations but by law those operations must cease no later than February 17, 2009. On March 20, 2008, the FCC announced the results of its Auction 73 for wireless spectrum licenses. Verizon Wireless was the successful bidder for twenty-five 12 MHz licenses in the A-Block frequency, seventy-seven 12 MHz licenses in the B-Block frequency and seven 22 MHz licenses (nationwide with the exception of Alaska) in the C-Block frequency, with an aggregate bid price of $9.4 billion. The remaining balance due to the FCC was paid by Verizon Wireless in April 2008. Verizon Wireless expects the licenses to be granted by the FCC in the third quarter of 2008.

Other Intangible Assets

The following table displays the details of other intangible assets:

Amortization expense was $332 million and $343 million for the three months ended March 31, 2008 and 2007 respectively. Amortization expense is estimated to be $1,343 million for the full year of 2008, $1,148 million in 2009, $926 million in 2010, $734 million in 2011 and $510 million in 2012.

On January 24, 2008, the Federal Communications Commission (FCC) began conducting an auction of spectrum in the 700 MHz band (Auction 73). This spectrum is currently used for UHF television broadcasting, but by law those operations must cease no later than February 17, 2009. On December 3, 2007, Cellco Partnership doing business as Verizon Wireless (Verizon Wireless) filed an application to bid in this auction. On January 4, 2008, Verizon Wireless paid to the FCC an $885 million refundable deposit in order to obtain 590 million bidding eligibility units for participation in this auction. This payment to the FCC was classified as a deposit and is included in Other Assets, in the accompanying condensed consolidated balance sheets.

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On March 20, 2008, the FCC announced that Verizon Wireless was the successful bidder for twenty-five 12 MHz licenses in the A-Block frequency, seventy-seven 12 MHz licenses in the B-Block frequency and seven 22 MHZ licenses (nationwide with the exception of Alaska) in the C-Block frequency, with an aggregate bid price of $9.4 billion. Verizon Wireless paid to the FCC the remaining $8.5 billion owed with respect to these licenses in April 2008 as required by the FCC rules for the auction and expects to receive these licenses, pending FCC approval, late in the second quarter of 2008.

Other Intangible Assets

The following table displays the details of other intangible assets:

Reclassifications and adjustments to wireless licenses include the impact of adopting FIN 48 (see Note 1) of $535 million as of January 1, 2007, partially offset by acquisitions during 2007.

Amortization expense was $1,341 million, $1,423 million, and $1,444 million for the years ended December 31, 2007, 2006 and 2005, respectively and is estimated to be $1,324 million in 2008, $1,116 million in 2009, $884 million in 2010, $696 million in 2011 and $472 million in 2012. Customer lists and relationships of $3,313 million at Domestic Wireless became fully amortized during 2006.

Other Intangible Assets

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The following table displays the details of other intangible assets:

Other Intangible Assets

The following table displays the details of other intangible assets:

The balance in wireless licenses reflects adjustments related to the adoption of FIN 48 (see Note 3), as well as acquisitions during 2007. Amortization expense was $332 million and $1,005 million for the three and nine months ended September 30, 2007, respectively. For the three and nine months ended September 30, 2006, amortization expense was $326 million and $1,092 million, respectively. Amortization expense is estimated to be $1,355 million for the full year 2007, $1,276 million in 2008, $1,070 million in 2009, $839 million in 2010 and $672 million in 2011.

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