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Business Description
Verizon Communications Inc. is a provider of communications services with four operating segments: Domestic Telecom, Domestic Wireless, Information Services and International. Domestic Telecom services principally represent Verizon's telephone operations that provide local telephone services in 29 states and the District of Columbia. Domestic Wireless products and services include wireless voice and data services and equipment sales across the United States. The Information Services segment encompasses the Company's domestic and international publishing businesses, including print SuperPages and electronic SuperPages.com directories, as well as Website creation and other electronic commerce services. This segment has operations principally in North America and Latin America. The International segment has wireline and wireless communications operations and investments primarily in the Americas, as well as investments in Europe.

Financial Information
For the six months ended 6/30/04, revenues rose 5% to $34.97 billion. Net income from continuing operations and before acct. change decreased 6% to $3 billion. Revenues reflect an increase in wireless income. Net income was offset by charges related to pension and benefit costs.