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Verizon Commences Tender Offer for all Outstanding Shares of Terremark Worldwide, Inc.

NEW YORK Feb. 10, 2011 $19.00 Jan. 27, 2011

midnight Eastern time March 10, 2011 9 a.m. Eastern time

Today, Verizon will file with the SEC a tender offer statement on Schedule TO, setting forth in detail the terms of the tender offer. Terremark  will shortly file with the SEC a solicitation/recommendation statement on Schedule 14D-9, setting forth in detail, among other things, the unanimous recommendation of Terremark’s board of directors that Terremark’s stockholders accept the tender offer and tender their Terremark shares pursuant to the tender offer.

New York $106.6 billion www.verizon.com

www.verizon.com/news

Additional Information and Where to Find It

www.sec.gov

www.sec.gov

Participants in Solicitation

March 22, 2010 June 17, 2010

Cautionary Statement Regarding Forward-Looking Statements

December 31, 2009 March 31, 2010

New York, New York www.verizon.com www.sec.gov

SOURCE Verizon Communications Inc.

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