New York, October 26, 2016 -- Moody's Investors Service ("Moody's") has assigned Baa1 ratings to Verizon Communications Inc.'s ("Verizon") newly issued 5-year senior unsecured Euro notes due 2022, 8-year senior unsecured Euro notes due 2025, 12-year senior unsecured Euro notes due 2025, and 19-year senior unsecured Sterling notes. Verizon intends to use the net proceeds from the sale of the notes for general corporate purposes, which may include, among other things, the financing of the pending acquisitions of Fleetmatics Group PLC and XO Holdings' wireline business, and depending on market and other conditions, the repayment of outstanding indebtedness.

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