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Communications Inc 1095 Avenue of the Americas Verizon Ecosystem , NY, 10036 Phone: (212) 395-1000 | verizon.com

Outside Relationships Outside Relationships Inc. [Delaware Corporation] Securities Regulation, Regulators NYSE Listing Rules, Customers Suppliers Capital Regulators Capital Suppliers Customers Debt Structure Equity Structure and NASDAQ Bond Financing Debt ( $129.48 Billion @ 12/31/20) Credit Ratings: Moody’s (Baa1), S&P (BBB+), Fitch (A-) Quotation Rules Securities Equity US and Foreign Public Debt Long Term Credit Facilities Verizon Communications Corporation Operating GTE LLC Other Subsidiaries — Regulators Working Capital Finance Regulators and/or Holders 2024 2022-2028 2021-2025 After 2030 2021-2030 2025-2030 After 2030 Subsidiaries — Debentures 2021-2030 Asset-Backed Debt Dividends and Common Financing Lease Treasury Stock Common Stock US Securities Subjects of Regulation Revolving Export Credit Notes: Notes: Notes: $3,858M Notes: Notes: 2021-2030 After 2030 2021-2025 Notes: Stock Repurchases Significant Notes: Obligations: Shares Held in Treasury: 153.3M Shares Issued: 4.291B and Cross Currency, Foreign Credit Facility: Facilities $53,359M @ $65,019M @ @ Floating $38M @ $58M @ Notes: $458M Notes: $308M $391M @ $9,414M @ 0.41%- Shareholders $1,284M @ Additional Shares Authorized: 100M Shares Authorized: Exchange Commercial Exchange, Interest Rate, and $9.5B $7.5B 0.85%-7.75% 1.75%-8.95% Rates 6.80% 7.88% @ 6.00%-8.38% @ 5.13%-8.75% 6.94%-8.75% 3.56% and Floating 2.5% Shares Yet to be Repurchased: 100M 6.250B Equity Capital Vanguard Banks Swaps Commission Federal Group (Securities Law Communications (7.88%) Professional Disclosure and Commission Reporting Equipment Governance Finance Marketing Technology Corporate Matters Services Suppliers BlackRock Requirements; Spectrum Licenses for Budgeting Anti-Bribery Law Marketing and Advertising Global Network & Technology Human Resources Legal Ernst & Young (4.80%) Mobile Wireless, Mobile Phones (Chairman) Mark Bertolini (F, H) Gregory Weaver (A, F) Record-Keeping (Audit) Voice, Video, and and Handsets, Internal Audit Intelligent Edge Network Talent Acquisition Real Estate Requirements) Data Communications Personal Clarence Otis, Jr. (A, F, H) Melanie Healey (C, H) Committees: Audit (A), Experience Design McGuire SSgA Funds Benefits New York Services Assistants, and Corporate Governance and Accounting Woods Management Shellye Archambeau (A, C) Daniel Schulman (H) International Fiber Network Supply Chain Stock Policy (C), Finance (F), Brand Communications/Awareness Compensation (Legal and (3.89%) Wireless Services Security Treasury/Cash Management Exchange Roxanne S. Austin Rodney Slater (C, H) Human Resources (H) Digital Transformation of Customer Lobbying)) Regulation Devices Band Spectrum Licenses Labor Relations Professional (Listing, Customer Experience and Employee Systems Public Policy Berkshire (includes 24 Gigahertz (GHz) Financial Planning & Services Fierce Maintenance, and Broadband Apple Management Team Training Hathaway (iPhones) and 28 GHz Band Spectrum Analysis Government Corporate Access Services (3.55%) Accountability Licenses) Chairman & CEO: Hans Chief Communications EVP & Chief HR Officer: Christy Strategy Communications Talent Acquisition Relations Subject to Common Tax Legal Rules) Vestberg Officer: James Gerace Pambianchi (Lobbying) Carrier Regulation Diversity and Inclusion Geode Auctions of 37 GHz, 39 Corporate Strategy External Communications NASDAQ EVP & Chief Marketing EVP & Group CEO-Verizon EVP & Chief Administrative, Legal and Risk Management Capital Wireline Voice Subject GHz, and 47 GHz Band Regulatory and Legislative DLA Piper (Listing, Officer: Diego Scotti Consumer: Ronan Dunne Public Policy Officer: Craig Silliman Business Development Media Relations Strategy/Execution Social Responsibility (Pro Bono (1.56%) to Common Carrier Spectrum Licenses Corporate-Wide Financing Intellectual Property Third Party Maintenance, and EVP & Group CEO-Verizon Chief Corporate Social Responsibility Partner) Corporate Regulation Corporate Social Security Licenses Intellectual EVP & CFO: Matthew Ellis Partnerships Corporate-Wide Issues Management Norther Trust Accountability Business: Tami Erwin Officer: Rose Stuckey Kirk Insurance Responsibility Strategy Property Publicis VM1 Multichannel Video Investments Rules) EVP & Chief Technology EVP & Group CEO-Verizon EVP & Chief Strategy Officer: Owners (Media and Service Regulation Pension Strategic Investments/Acquisitions Executive/Employee Communications Social Impact Marketing Corporate Governance (1.27%) Nokia Officer: Kyle Malady Media: Guru Gowrappan Rima Qureshi Advertising) U.S. and Media (7.1, 3V, 2V, and Foreign Lumia Mobile McCann Institutional (Broadcast/Cable) and Patent and Phones) Patents, Copyrights, (Advertising for Ownership: Wireless Emergency Operations Trademark Trademarks, Domain Names Verizon Wireless) 68.29% Alerting Services Samsung Registrations and Renewals and Other IP Sales of Mobile Emergency (Galaxy Agencies Phones and Consumer Group (2020 Revenues: $88.5 Billion; ~69% of Revenues) Corporate and Other ($9.3B; 7 %) Business Group (2020 Revenues: $31.0 Billion; 24%) Communications ) Handsets Highlights Includes Highlights Regulation Financing and Corporate Business Key Company Data Motorola ~94 Million Wireless ~7 Million Broadband Connections (Fios and Digital ~4 Million Fios-Branded Fiber Costs (One, Edge and Group Retail Connections Subscriber Line (DSL) Internet Connections) Network Video Connections ~27 Million Wireless Retail ~482,000 Broadband Connections (as of 12/31/20) Razr Postpaid Connections (Fios and DSL internet connections) Customers Smartphones) Sales of Wireless Captive Insurance Unconsolidated Ventures Share Information Financial Highlights Privacy and Data Wireless and Wireless-Enabled Products and Services Global Security (Voice Business) Equipment (including Smartphones and Tablets) and Devices Verizon Media (2020 Revenues: $7.0 Billion) Global Enterprise (2020 Revenues: $10.4 Billion; 34% of Business’s Total Revenue) Enterprise Stock Markets: Results of Operations Google (Pixel Wireless-Enabled Internet New York Stock California Privacy Law Phones, Nest Hub, Smartphones and 5G Wireless-Enabled Wireless-Enabled Properties and Services Services and Products Large Service Revenues and Retail Devices (e.g., Laptops) Connected Smartwatches Exchange and NASDAQ Home Hub, and Phones Laptop Computers Tablets Sales of Core, Business Other: $109.872 Billion Pixel Buds) Customers Ad Platform Subscription Memberships Network Advanced Internet of Core Services (Voice Security Services Global Select Market Federal Trade Network, Security, Customers Accessories Search Advertising Subscription Offerings Services (Private Communications Things (IoT) Calling, Messaging, (Management and Wireless Equipment Commission Conference, Contact Center Data Security Communications, and Amazon (Search Products That (Including Mail, News, Networking, Private Services (Internet Services (Network : VZ Revenues: $99.494 Supplies of Mobile Cloud Connectivity Solutions, Private Line and Services to Protect, IoT Services Non-U.S. (Alexa, Ring Video Cases Wearable Tech Facilitate User Searches Finance, Sports and Protocol Based Voice Access to Connect Billion EU General Data Smartphones, Tablets, Smart Home be Services, Virtual and Data Access Networks, and Detect, and Respond Governments Share Price Doorbell Security, Within Verizon Media And toEntertainment Properties, and Video Services, Open Development- Protection Regulation and Accessories Media Software Defined the Provision of Customer to Threats to and Agencies Echo) Batteries & Chargers Audio Third-party Partner Properties) Privacy and Security Solutions Unified Communications, Certified Devices $57.79 (5/1/21) Operating Expenses: Verizon Networking Services, Collaboration Tools, Bundled with Premises Equipment, Customer Networks, Headphones sold to Apolloand Computer Protection) $99.494 Billion Screen Protectors Adapters & Cables Display Advertising Internet Access Customer Contact Customers Own Installation, Maintenance and Data, Applications Small and Earnings Per Share: LG (Allows Customers to Buy,Global and Management Services) Center Solutions) Solutions) Site Services) and Infrastructure) Medium Operating Income: for $5 billion. Sales of Wireless and $4.56 (Trailing 12 Months) National Labor (V60 and Stylo Data Plans Publishers to Monetize, Ad Verizon Media Platform Business $28.798 Billion Smartphones) Supplies of Accessories for Wireline Connection, Relations Board (Union Inventory) High Quality Video Small & Medium Business (2020 Revenues: $11.1 Billion; 36%) Forward Annual Dividend Mobile Devices and Smart Unlimited Single Device International Security, Managed Medium-Size Net Income: Elections, Representation, Delivery Platform Services and Products Per Share: Watches and Wearables Ecommerce Information Technology, Businesses $18.348 Billion and Bargaining) Accessories (Live Broadcasts, Video On $2.51 Shared Data Prepaid (Facilitate Transactions Wireless and Security and Tailored Voice & Security Business and and Tailored Voice Services Between Consumers and Demand, Games, Software, Managed Networking Products, Small Financial Position Otterbox Mobile Virtual and Websites) Wireline Connection Services (Similar Connections and Wireless Equipment Home Offerings Businesses) Information Internet Protocol-Based Businesses Resources ( Network Services (Similar to to Global Services (Similar to Total Assets: Global Enterprises Technology Voice Services, Advanced Enterprises Global Enterprises Cases) Fios Home Internet Moving Fios TV Employees: $316.481 Billion State Public Utility Operators Services) Segment) Services) Public Sector Consumer and Business Group Services Voice Solutions Sales of Wireless and 135,300 Commissions TracFone 5G Home Internet Long-Term Evolution (LTE) Home Fixed Wireless Access Internet and Other Long Term Debt: ZAGG (in 12 Markets) (In Rural Parts of 189 Markets Across 48 U.S. States) Wireline Connection (Incumbent Local Exchange Networks Public Sector and Other d (2020 Revenues: $6.4 Billion; 21%) (Smartphone Wireless Inc. Wholesale Sales of Services, Wireless Service Offerings $123.173 Billion Carrier Subject to Price Federal Screen Protectors Entertainment Offerings (Included in Unlimited Data Plans) 4G LTE Network 5G LTE Network Services and Products Flexibility Regulation and Equipment, and Management Government Cable TV Total Equity: and Privacy Other Mobile Other State Oversight) Access Services (in Disney Apple Music and Apple TV YouTube TV Gaming Small Cell Technology Capabilities/Currencies Solutions to Support Government Management and Monitoring Support Solutions and Agencies $69.272 Billion Shields) Virtual Exchange for Wireless and Fios Landline Network Peak Data Rates Wireline Network Interconnection Payments) Network Densification Fleet Tracking Management Field Services Management Asset Tracking State Cash Lfow Operators Telecom Services Services and Mobile Phones Beats Mobile Data Volumes Governments (Wireless Wireline Service Wireless Service Connectivity Solutions In-Building Solutions Equipment Compliance Management Mobile Resource Management Broadband Cash From Operations: Headphones and Sales of $41.768 Billion Sales of Access to, and Prepaid (~4% of Unlimited Mobility Local Local Government Earphones) Wireless Distributed Antenna Wholesale (2020 Revenues: $3.1 Billion; 10%) Digital TV Use of, Wireless and Fios Fiber-Optic Network All Retail Governments Cash Used in Investing: Entities Telecom Internet, Video & Voice Systems Number of Connected Services Wireline Telecom (Fios) and Copper-Based Connections) Metered $35.7 Billion (Cable Franchise Mophie Devices Services Services (and 5G Network Network in Nine States (No Credit Services Educational Requirements for Facilities- (Wireless Charging Data Services with Varying Voice Services Internet Based Multichannel Video Retail Access in Select Markets) Verification) Voice, Data Intelligent Edge Network (Switched Access Services to Allow Carriers to Local Services Wholesale Sales of Data, Institutions Cash from Financing: Pads and Mid-Atlantic Energy Efficiency of Speeds Services) Customers and Text (Fiber-Based, Multi-Purpose) Complete Their End-User Calls That Originate (Local Dial Tone and Broadband Voice, Local Services (for Road Telematics $1.325 Billion Chargers) Postpaid (~96% Connect Devices (Enhancement of Wholesale (Mobile Virtual Northeast Wireless Network Access to or Terminate Within Verizon’s Territory; Call Services, Colocation, Resale, and Resellers Only) Sales of Residential Improved Efficiency and Customers’ Networks and Provision Wholesale Network of All Retail Hi-Definition Resellers on Wholesale Originating and Terminating Services Utilizing Unbundled Network Services to Comply Fixed Services--i.e., Virtualization, Increased Service Deployment of Connections to Their End-Users Recent Developments JBL Operators) Washington, D.C. Connections) Basis Verizon’s Time-Division and Voice with Telecommunications Regulations) (Bluetooth Connectivity Solutions (Credit Verification) WiFi Hotspot Automation and and Subscribers) Wholesale Environmental Reduced Latency Over Internet Protocol (VoIP) Networks) Origins: Verizon is the result of the combination of Speakers and (Internet, Video/Data and Opportunities for Edge Wireline two of AT&T’s so-called Baby Bell local operating Protection Agency Headphones) Residential Voice) Improved Reliability Carriers Computing Services companies based on the east coast—NYNEX and (EPA) (Regulation of Customers Competitors Competitors (Local Exchange, Discharges, Leaks, Fitbit Long Distance and Bell Atlantic. Following the antitrust order for the Emissions, Disposals, Century Link T Mobile Regional Wireless 5G Ultra Wideband Network 5G Home (Watches and Comcast Century Link T Mobile Regional Wireless Wireless Carries) divestiture of the AT&T Baby Bells, NYNEX and Bell Storage of Particulate Service Providers 31 U.S. Markets and 4 U.S. Markets and 1 Watchbands) Service Providers Atlantic became standalone public companies and Matter, Hazardous Waste, AT&T Huawei Cox Several 5G-Compatible Market with Global Wholesale Resellers AT&T Huawei Cox subsequently merged in 1997. The merged entity Toxic Substances in Water, Smartphones Standards Wholesale Resellers Air and Soil; Superfund Gear 4 (e.g., Cable Companies) (e.g., Cable Companies) acquired GTE in 2000 and then changed its name to DISH Network Cricket DISH Network Level 3 Communications Cricket Clean-Up Requirement for (Phone Cases) Internet Network Apple, Microsoft, Apple, Microsoft, Verizon. Contamination Wireline Network Boost Mobile EarthLink Spectrum Alphabet (Wireless Voice) Spectrum Alphabet (Wireless Voice) Internet Equipment Supplies and Transition from Copper-Based to Fiber-Based Boost Mobile EarthLink 5G Network: Verizon launched “5G Built Right” in Equipment Services late 2018 to roll out its 5G network. Verizon’s Suppliers network has a peak data rate 10 times greater than Collective Agreements to Sell Agreements to Agreements to Provide 5G Equipment (e.g., Carrier Sales of Access to Verizon Media Sales of Verizon Media Digital Licenses of Exclusive Arrangements to its 4G Fios network. It combines heightened Corning Aggregation Technology, Bargaining and Verizon Wireless and Provide Non-Stocked Integrated Mobility Telecom Networks Renewable Web Search Advertising, Information, and Entertainment Sell Selected Verizon processing power andAprilgreater 2020data transfer speeds to (Fiber Optic Commercial Silicon and Labor Union Wireline Products and Device Fulfillment (Interconnection Access) Energy Sales Services Streaming Services Media Products and Services Services to Verizon enable IoT connectivity on a massive scale. Higher Cable) Network Infrastructure) Services Representation Services Customers throughput and lower latency than current 4G LTE Prysmian technology will enable Verizon to handle more traffic (Fiber-Optic Search Business as the number of internet-connected devices grows. Cable) Customers Customers Sale of Verizon Media: Verizon Media (including its Yahoo! digital media assets and the AOL internet Dycom Communications Third Party Various Resellers and business) will be sold to Apollo Global Management (Engineering 5G Network Ericsson Federated Wireless Renewable Clearwater Brookfield Independent National (FDD Massive Technologies (Citizens Broadband Radio Telecom First Solar Invenergy Content Distributors System for $5 billion. Services) Equipment Workers of America Energy Energy Group Renewable Sales Agents Retailers MIMO) (FDD Massie MIMO) Service) (23% of Workforce) Carriers Providers Integrators © 2020 www.onepagethinking.net