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Verizon to Acquire Terremark, Boosting Cloud Strategy through Powerful Unified Enterprise IT Delivery Platform

NEW YORK MIAMI Jan. 27, 2011 $19.00 $1.4 billion

Feb. 10, 2011 Feb. 17, 2011

This transaction will accelerate Verizon’s "everything-as-a-service" cloud strategy by delivering a powerful portfolio of highly secure, scalable on-demand solutions to business and government customers globally through a unified enterprise IT platform and unique business cloud offerings that leverage the companies’ collective strengths.

Verizon plans to operate the new unit as a wholly owned subsidiary retaining the Terremark name and with Terremark’s current management team continuing to manage the company.

Lowell McAdam

Manuel D. Medina

Miami Europe Latin America


About Verizon

New York $106.6 billion

About Terremark

the United States Europe Latin America

Friday, Jan. 28 8:30 a.m. Eastern time r or   Access instructions and presentation materials will be available on the sites prior to the start of the webcast.

Additional Information and Where to Find It [email protected] [email protected]

Participants in Solicitation

March 22, 2010 June 17, 2010

Cautionary Statement Regarding Forward-Looking Statements

December 31, 2009 March 31, 2010

SOURCE Verizon Communications Inc.; Terremark Worldwide

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