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NEW YORK, Oct. 05, 2020 (GLOBE NEWSWIRE) — Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced (i) the early participation results, as of 5:00 p.m. (Eastern time) on October 2, 2020 (the “Early Participation Date”), of its two previously announced separate transactions to exchange certain series of its outstanding notes for newly issued notes of Verizon and, with respect to certain of the series, cash and (ii) the upsizing of the transactions, each as detailed below. In connection with the upsizing, Verizon has amended the terms of the transactions to increase the maximum aggregate principal amount of new notes that will be issued. Except as described in this press release, the terms and conditions of the transactions remain unchanged.