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Exhibit 99.1
  Orange County 
    Poughkeepsie
 Limited
    Partnership
  Financial Statements
  As of
    December 31, 2007 and 2006, and for the years ended
    December 31, 2007, 2006 and 2005, and Report of
    Independent
    Registered Public Accounting Firm
   The
    information contained herein is confidential and is not to be
    reproduced or published without the express authorization of
    Verizon
    Wireless. It is intended solely for use by authorized Verizon
    Wireless and Orange County  Poughkeepsie Limited
    Partnership personnel.




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ORANGE
    COUNTY 
    POUGHKEEPSIE LIMITED PARTNERSHIP
  TABLE OF CONTENTS
  PageREPORT OF INDEPENDENT REGISTERED PUBLIC
    ACCOUNTING FIRM


1Balance Sheets


2December 31, 2007 and 2006Statements of Operations


3For the years ended December 31, 2007, 2006 and 2005Statements of Changes in Partners
    Capital


4For the years ended December 31, 2007, 2006 and 2005Statements of Cash Flows


5For the years ended December 31, 2007, 2006 and 2005Notes to Financial Statements


6-11




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REPORT OF
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM            
    1




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ORANGE
    COUNTY  POUGHKEEPSIE LIMITED PARTNERSHIP
  BALANCE
    SHEETS
 DECEMBER
    31, 2007 AND 2006
  2007


2006(Dollars in thousands)ASSETSCURRENT ASSETS:Accounts receivable, net of allowance of $0 and $0

$
168


$
98Unbilled revenue


683



1,586Due from General Partner


12,107



9,509Prepaid expenses and other current assets


90



111Total current assets


13,048



11,304PROPERTY, PLANT AND EQUIPMENT  Net


39,147



38,917TOTAL ASSETS

$
52,195


$
50,221LIABILITIES AND PARTNERS CAPITALCURRENT LIABILITIES:Accounts payable and accrued liabilities

$
100


$
103Total current liabilities


100



103LONG TERM LIABILITIES


361



328Total liabilities


461



431COMMITMENTS AND CONTINGENCIES (NOTES 5 and 6)PARTNERS CAPITAL


51,734



49,790TOTAL LIABILITIES AND PARTNERS CAPITAL

$
52,195


$
50,221    2




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ORANGE
    COUNTY  POUGHKEEPSIE LIMITED PARTNERSHIP
  STATEMENTS OF OPERATIONS
 YEARS ENDED DECEMBER 31, 2007, 2006 AND 2005
  2007


2006


2005(Dollars in thousands)OPERATING REVENUE (see Note 4 for Transactions with
    Affiliates): Service revenues

$
151,382


$
157,993


$
180,508OPERATING COSTS AND EXPENSES (see Note 4 for Transactions
    with Affiliates):Cost of service (excluding depreciation and amortization related
    to network assets included below)


22,535



24,449



25,292General and administrative


3,179



2,623



2,142Depreciation and amortization


6,069



6,720



6,347Net loss on sale of property, plant and equipment










1Total operating costs and expenses


31,783



33,792



33,782OPERATING INCOME


119,599



124,201



146,726INTEREST INCOME  Net


1,345



693



782NET INCOME

$
120,944


$
124,894


$
147,508Allocation of Net Income:Limited partners

$
18,141


$
18,734


$
22,126General Partner


102,803



106,160



125,382    3




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ORANGE
    COUNTY  POUGHKEEPSIE LIMITED PARTNERSHIP
  STATEMENTS OF CHANGES IN PARTNERS
    CAPITAL
 YEARS ENDED DECEMBER 31, 2007, 2006 AND 2005
  General Partner


Limited PartnersWarwickVerizon





Taconic


Valley


TotalWireless


Cellco


Telephone


Telephone


Partnersof the East LP


Partnership


Corporation


Company


Capital(Dollars in thousands)BALANCE, JANUARY 1, 2005

$
27,530


$



$
2,429


$
2,429


$
32,388Net income


125,382







11,063



11,063



147,508Distribution to partners


(113,050
)






(9,975
)


(9,975
)


(133,000
)BALANCE, DECEMBER 31, 2005


39,862







3,517



3,517



46,896Net income


106,160







9,367



9,367



124,894Distribution to partners


(103,700
)






(9,150
)


(9,150
)


(122,000
)BALANCE, DECEMBER 31, 2006


42,322







3,734



3,734



49,790Net income


102,803



6,398



2,108



9,635



120,944Distribution to partners


(101,151
)


(6,173
)


(2,206
)


(9,470
)


(119,000
)Transfer of partnership interest






3,341



(3,636
)


295



BALANCE, DECEMBER 31, 2007

$
43,974


$
3,566


$



$
4,194


$
51,734    4




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ORANGE
    COUNTY  POUGHKEEPSIE LIMITED PARTNERSHIP
  STATEMENTS
    OF CASH FLOWS
 YEARS
    ENDED DECEMBER 31, 2007, 2006 AND 2005
  2007


2006


2005(Dollars in thousands)CASH FLOWS FROM OPERATING ACTIVITIES:Net income

$
120,944


$
124,894


$
147,508Adjustments to reconcile net income to net cash provided by
    operating activities:Depreciation and amortization


6,069



6,720



6,347Net loss on sale of property, plant and equipment










1Changes in certain assets and liabilities:Accounts receivable


(70
)


156



(10
)Unbilled revenue


903



13



(350
)Prepaid expenses and other current assets


21



46



(105
)Accounts payable and accrued liabilities


(73
)


68



(5
)Advance billings






(72
)


(72
)Long term liabilities


33



139



189Net cash provided by operating activities


127,827



131,964



153,503CASH FLOWS FROM INVESTING ACTIVITIES:Capital expenditures, including purchases from affiliates, net


(6,229
)


(8,257
)


(9,599
)Change in due from General Partner, net


(2,598
)


(1,707
)


(7,802
)Net cash used in investing activities


(8,827
)


(9,964
)


(17,401
)CASH FLOWS FROM FINANCING ACTIVITIES:Change in due to General Partner










(3,102
)Distribution to partners


(119,000
)


(122,000
)


(133,000
)Net cash used in financing activities


(119,000
)


(122,000
)


(136,102
)CHANGE IN CASH










CASH, BEGINNING OF YEAR










CASH, END OF YEAR

$



$



$
NONCASH TRANSACTIONS FROM INVESTING AND FINANCING ACTIVITIESAccruals for capital expenditures

$
106


$
36


$
174    5




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ORANGE
    COUNTY  POUGHKEEPSIE LIMITED PARTNERSHIPNOTES TO FINANCIAL STATEMENTSYears Ended December 31, 2007, 2006, and 2005
    (Dollars in thousands)
  1.
    ORGANIZATION
    AND MANAGEMENT  Orange County  Poughkeepsie Limited
    Partnership 
    Managing and General Partner:Verizon Wireless of the East LP*


85.0%Limited partners:Warwick Valley Telephone Company (Warwick)


8.1081%Cellco Partnership


6.8919%     Managing and General Partner:Verizon Wireless of the East LP*


85.0%Limited partners:Warwick Valley Telephone Company


7.5%Taconic Telephone Corporation (Taconic)


7.5%       *
    
    Verizon Wireless of the East LP is a partnership which is
    consolidated by Cellco Partnership (d/b/a Verizon Wireless)
    (Cellco). Prior to August 15, 2006, Verizon
    Wireless of the East LP (the General Partner) was a
    partnership between Verizon Wireless of Georgia LLC and Verizon
    Wireless Acquisition South LLC, which hold a controlling
    interest, and Price Communications which had a preferred
    interest. On August 15, 2006 Verizon ELPI Holding Corp. (a
    subsidiary of Verizon Communications Inc.) became the owner of
    the preferred interest previously held by Price Communications.  2.
    SUMMARY
    OF SIGNIFICANT ACCOUNTING POLICIES  Use of Estimates 
  Revenue Recognition 
 6




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ORANGE
    COUNTY  POUGHKEEPSIE LIMITED PARTNERSHIP
  NOTES TO
    FINANCIAL STATEMENTS  (Continued)
  Revenue Recognition in Financial Statements Revenue Recognition.
      Operating Costs and Expenses 
  Property, Plant and Equipment 
    FCC
    Licenses 
  Valuation of Assets 
 7




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ORANGE
    COUNTY  POUGHKEEPSIE LIMITED PARTNERSHIP
  NOTES TO
    FINANCIAL STATEMENTS  (Continued)
  Goodwill and Other Intangible Assets.
    No. 02-7, Unit of Accounting for Testing Impairment of Indefinite-Lived
    Intangible Assets, No. D-108, Use of the Residual Method to Value Acquired Assets other
    than Goodwill.
  Concentrations 
      Financial Instruments 
  Income Taxes 
  Due to/from General Partner 
 8




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ORANGE
    COUNTY  POUGHKEEPSIE LIMITED PARTNERSHIP
  NOTES TO
    FINANCIAL STATEMENTS  (Continued)
    Distributions 
  Recently Issued Accounting Pronouncements  Fair
    Value Measurement. No. FAS 157-b,
  The
    Fair Value Option for Financial Assets and Financial
    Liabilities.
  No. 06-3, How Taxes Collected from Customers and Remitted to
    Governmental Authorities Should Be Presented in the Income
    Statement. No. 06-3 No. 06-3 No. 06-3
  3.
    PROPERTY,
    PLANT AND EQUIPMENT, NET    Useful Lives


2007


2006Buildings


10-40 years


$
15,714


$
14,367Wireless plant equipment


3-15 years



61,626



61,795Furniture, fixtures and equipment


2-5 years



24



18Leasehold Improvements


5 years



3,174



2,46080,538



78,640Less accumulated depreciation






(41,391
)


(39,723
)Property, plant and equipment, net





$
39,147


$
38,917  9




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ORANGE
    COUNTY  POUGHKEEPSIE LIMITED PARTNERSHIP
  NOTES TO
    FINANCIAL STATEMENTS  (Continued)
  Construction-in-progress
  4.
    TRANSACTIONS
    WITH AFFILIATES    2007


2006


2005Revenue:Operating revenues(b)

$
147,397


$
153,176


$
176,310Cellsite allocated revenues(c)


1,418



1,336



1,377Cost of Service:Direct telecommunication charges(a)


6,704



7,194



6,355Long distance charges


4,429



7,082



8,208Allocation of cost of service(a)


4,207



3,812



3,364Allocation of switch usage cost(a)


4,697



4,360



5,519General and Administrative:Allocation of certain general and administrative expenses(a)


2,867



1,911



1,672     (a)
    
    Expenses were allocated based on the Partnerships
    percentage of total customers, customer gross additions or
    minutes-of-use where applicable. The Partnership believes the
    allocations are reasonable.(b)
    
    Affiliate operating revenues primarily represent revenues
    generated from transactions with Cellco, the Partnerships
    primary reseller. The wholesale rates charged to Cellco do not
    necessarily reflect current market rates. The Partnership
    continues to re-evaluate the rates and expects these rates to be
    reduced in the future consistent with market trends and the
    terms of the limited partnership agreement.(c)
    
    Cellsite allocated revenues, based on the Partnerships
    percentage of minutes of use, result from the Partnership
    sharing a cell site with the Catskills RS A Limited Partnership,
    an affiliate entity.  and/or
     10




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5.
    COMMITMENTS      Years

Amount2008

$
2,4562009


2,0232010


1,4532011


1,1832012


9272013 and thereafter


3,642Total minimum payments

$
11,684     6.
    CONTINGENCIES  and/or and/or