CWA, IBEW, and Verizon have reached an agreement in principle to extend the
collective bargaining agreements for a four-year period. The current agreements
are set to expire on August 1, 2026. If finalized and ratified by the membership,
the agreements will extend through August 3, 2030.

The company and unions are documenting the understanding in signed contracts
and expect to have that completed this week, at which time we will communicate
further details.