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Verizon, units to redeem debt offering

Verizon CommunicationsInc. and its subsidiaries, Cellco Partnership d/b/a Verizon Wirelessand Verizon Wireless Capital LLC, will redeem April 29 about £45.8 million of outstanding8.875% notes due Dec. 18, 2018, the company said March 30.

The redemption price for the notes will be equal to the greaterof 100% of the principal amount of the notes being redeemed, or the sum of the presentvalues of the remaining scheduled payments of principal and interest on the notes,as the case may be, discounted to the redemption date on an annual basis at thecomparable government bond rate plus 30 basis points, plus accrued and unpaid intereston the principal amount being redeemed to but excluding the redemption date.