NIPPON TELEGRAPH & TELEPHONE CORP
SC TO-T/A, 2000-05-23
TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)
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<PAGE>

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                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                --------------

                                  SCHEDULE TO
                                (RULE 14D-100)
                TENDER OFFER STATEMENT UNDER SECTION 14 (D) (1)
         OR SECTION 13 (E) (1) OF THE SECURITIES EXCHANGE ACT OF 1934
                               (Amendment No. 1)

                                --------------

                                  VERIO INC.
                      (Name of Subject Company (Issuer))
                           CHASER ACQUISITION, INC.
                        NTT COMMUNICATIONS CORPORATION
                  NIPPON TELEGRAPH AND TELEPHONE CORPORATION
                     (Names of Filing Persons (Offerors))

                                --------------

                    COMMON STOCK, PAR VALUE $.001 PER SHARE
                  SERIES A 6.75% CONVERTIBLE PREFERRED STOCK,
                           PAR VALUE $.001 PER SHARE
                        (Title of Class of Securities)

                                --------------

                                   923433106
                                   923433502
                                   923433304
                     (CUSIP Number of Class of Securities)

                                --------------

                               Kazuhiko Shimada
                        NTT Communications Corporation
                             1-1-6 Uchisaiwai-cho
                           Chiyoda-ku, Tokyo, Japan
                         Telephone: 011-81-3-3500-8290
                    (Name, address and telephone number of
                     person authorized to receive notices
                and communications on behalf of filing persons)

                                   Copy to:
                               Dennis V. Osimitz
                                Sidley & Austin
                                Bank One Plaza
                           10 South Dearborn Street
                            Chicago, Illinois 60603
                           Telephone: (312) 853-7000

     Check the appropriate boxes below to designate any transactions to which
the statement relates:

[X] third-party tender offer subject to Rule 14d-1.
[_] issuer tender offer subject to Rule 13e-4.
[X] going-private transaction subject to Rule 13e-3.
[X] amendment to Schedule 13D under Rule 13d-2.

     Check the following box if the filing is a final amendment reporting the
results of the tender offer: [_]

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<PAGE>

                                  SCHEDULE 13D            Page 2 of 8 Pages
  CUSIP No. 923433 10 6

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 1 NAME OF REPORTING PERSON
  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
  NTT Rocky, Inc.

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                (a)[_]
                                                                (b) [_]

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 3 SEC USE ONLY

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 4 SOURCE OF FUNDS*
  00

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
  ITEMS 2(d) or 2(e)
                                                                   [_]

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 6 CITIZENSHIP OR PLACE OF ORGANIZATION
  Delaware

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
               7 SOLE VOTING POWER

                  0
  NUMBER OF
    SHARES
 BENEFICIALLY
OWNED BY EACH
  REPORTING
 PERSON WITH

              -----------------------------------------------------------------
               8 SHARED VOTING POWER
                  9,053,754 shares/1/

              -----------------------------------------------------------------
               9 SOLE DISPOSITIVE POWER
                  0

              -----------------------------------------------------------------
              10 SHARED DISPOSITIVE POWER
                  9,053,754 shares/1/

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  9,053,754 shares/1/

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                   [_]

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  11.0%

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
  CO

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT:
    INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING
           EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
- - - - - - - - - - - - - - - - - - - - --------
(/1/Includes)options to purchase 66,000 shares of Common Stock issued to NTT
    Rocky, Inc. under Verio Inc.'s 1998 Non-Employee Director Stock Incentive
    Plan.

                                       2
<PAGE>

                                  SCHEDULE 13D

                                                          Page 3 of 8 Pages
  CUSIP No. 923433 10 6



- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 1 NAME OF REPORTING PERSON
  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
  Nippon Telegraph and Telephone Corporation

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                (a)[_]
                                                                (b) [_]

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 3 SEC USE ONLY

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 4 SOURCE OF FUNDS*
  00

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
  ITEMS 2(d) or 2(e)
                                                                   [_]

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 6 CITIZENSHIP OR PLACE OF ORGANIZATION
  Japan

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
               7 SOLE VOTING POWER

                  0
  NUMBER OF
    SHARES
 BENEFICIALLY
OWNED BY EACH
  REPORTING
 PERSON WITH

              -----------------------------------------------------------------
               8 SHARED VOTING POWER
                  9,053,754 shares/1/

              -----------------------------------------------------------------
               9 SOLE DISPOSITIVE POWER
                  0

              -----------------------------------------------------------------
              10 SHARED DISPOSITIVE POWER
                  9,053,754 shares/1/

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  9,053,754 shares/1/

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                   [_]

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  11.0%

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
  HC

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT:
    INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING
           EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
- - - - - - - - - - - - - - - - - - - - --------
(/1/Includes)options to purchase 66,000 shares of Common Stock issued to NTT
    Rocky, Inc. under Verio Inc.'s 1998 Non-Employee Director Stock Incentive
    Plan.

                                       3
<PAGE>

                                  SCHEDULE 13D

                                                          Page 4 of 8 Pages
  CUSIP No. 923433 10 6



- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 1 NAME OF REPORTING PERSON
  S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
  NTT Communications Corporation

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                (a)[_]
                                                                (b) [_]

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 3 SEC USE ONLY

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 4 SOURCE OF FUNDS*
  00

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
  ITEMS 2(d) or 2(e)
                                                                   [_]

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
 6 CITIZENSHIP OR PLACE OF ORGANIZATION
  Japan

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
               7 SOLE VOTING POWER

                  0
  NUMBER OF
    SHARES
 BENEFICIALLY
OWNED BY EACH
  REPORTING
 PERSON WITH

              -----------------------------------------------------------------
               8 SHARED VOTING POWER
                  9,053,754 shares/1/

              -----------------------------------------------------------------
               9 SOLE DISPOSITIVE POWER
                  0

              -----------------------------------------------------------------
              10 SHARED DISPOSITIVE POWER
                  9,053,754 shares/1/

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
  9,053,754 shares/1/

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                   [_]

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
  11.0%

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
  CO

- - - - - - - - - - - - - - - - - - - - --------------------------------------------------------------------------------
                     *SEE INSTRUCTIONS BEFORE FILLING OUT:
    INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7 (INCLUDING
           EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION.
- - - - - - - - - - - - - - - - - - - - --------
(/1/Includes)options to purchase 66,000 shares of Common Stock issued to NTT
    Rocky, Inc. under Verio Inc.'s 1998 Non-Employee Director Stock Incentive
    Plan.

                                       4
<PAGE>

   This Amendment No. 1 (this "Amendment") amends and supplements the Tender
Offer Statement on Schedule TO filed by Chaser Acquisition, Inc., a Delaware
corporation ("Purchaser"), NTT Communications Corporation, a limited liability
joint stock company incorporated under the laws of Japan ("NTT
Communications"), and Nippon Telegraph and Telephone Corporation, a limited
liability joint stock company incorporated under the laws of Japan ("NTT"), on
May 17, 2000 (as amended, the "Schedule TO"), relating to the offer to
purchase all issued and outstanding shares of common stock, par value $.001
per share ("Common Stock") (other than shares of Common Stock already owned by
NTT Communications and its subsidiaries), of Verio Inc., a Delaware
Corporation ("Verio"), all issued and outstanding shares of Series A 6.75%
Convertible Preferred Stock, par value $.001 per share, of Verio and certain
outstanding warrants to purchase 1,306,228 shares of Common Stock of Verio,
upon the terms and subject to the conditions set forth in the Offer to
Purchase dated May 17, 2000 (the "Offer to Purchase") and in the related
Letters of Transmittal (which, together with the Offer to Purchase, as
supplemented or amended from time to time, constitute the "Offer").

   This Amendment also amends and supplements the Schedule 13D of NTT, NTT
Communications and NTT Rocky, Inc. originally filed on May 22, 1998, as
amended.

ITEM 12.

   Item 12 of the Schedule TO is hereby amended and supplemented by adding the
following thereto:

   On May 17, 2000, the complaint of Joseph Hughes against Steven C. Halstedt,
Justin L. Jaschke, James C. Allen, Trygve E. Myhren, Paul J. Salem, Yukimasa
Ito, Arthur L. Cahoon, Verio Inc. and Nippon Telegraph and Telephone
Corporation was filed in the Chancery Court in and for New Castle County,
Delaware seeking to assert claims on behalf of a class of all stockholders of
Verio. The lawsuit alleges that the Board of Directors of Verio breached its
fiduciary duties to Verio stockholders by entering into the Agreement and Plan
of Merger dated as of May 7, 2000 by and among Verio, Purchaser and NTT
Communications, allegedly at an inadequate price and without conducting an
adequate process. Verio and NTT believe that the suit is without merit and
intend to defend the claims vigorously.

   The full text of the complaint is attached hereto as Exhibit (a)(5)(H).

ITEM 12. EXHIBITS.

<TABLE>
 <C>       <S>
 (a)(1)(K) Letter of Transmittal relating to warrants to purchase Common Stock.

 (a)(5)(H) Complaint of Joseph Hughes against Steven Halstedt, Yukimasa Ito,
           Justin L. Jaschke, James C. Allen, Trygve E. Myhren, Paul J. Salem,
           Arthur L. Cahoon, Verio Inc. and Nippon Telegraph and Telephone
           Corporation.
</TABLE>

                                       5
<PAGE>

                                   SIGNATURE

   After due inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and
correct.

                                SCHEDULE TO AND SCHEDULE 13E-3

                                          Nippon Telegraph and Telephone
                                           Corporation

                                                      /s/ Kanji Koide
                                          By: _________________________________
                                                        Kanji Koide
                                          Name: _______________________________
                                                   Senior Vice President
                                          Title: ______________________________

                                          NTT Communications Corporation

                                                    /s/ Masanobu Suzuki
                                          By: _________________________________
                                                      Masanobu Suzuki
                                          Name: _______________________________
                                                         President
                                          Title: ______________________________

                                          Chaser Acquisition, Inc.

                                                    /s/ Junichi Nomura
                                          By: _________________________________
                                                      Junichi Nomura
                                          Name: _______________________________
                                                         President
                                          Title: ______________________________

                                SCHEDULE 13D

                                          Nippon Telegraph and Telephone
                                           Company

                                                      /s/ Kanji Koide
                                          By: _________________________________
                                                        Kanji Koide
                                          Name: _______________________________
                                                   Senior Vice President
                                          Title: ______________________________

                                          NTT Communications Corporation

                                                    /s/ Masanobu Suzuki
                                          By: _________________________________
                                                      Masanobu Suzuki
                                          Name: _______________________________
                                                         President
                                          Title: ______________________________

                                       6
<PAGE>

                                          NTT Rocky, inc.

                                                   /s/ Keisuke Nakasaki
                                          By: _________________________________
                                                     Keisuke Nakasaki
                                          Name: _______________________________
                                                         President
                                          Title: ______________________________

                                SCHEDULE 13E-3

                                          Verio Inc.

                                                   /s/ Justin L. Jaschke
                                          By: _________________________________
                                                     Justin L. Jaschke
                                          Name: _______________________________
                                                  Chief Executive Officer
                                          Title: ______________________________

Date: May 23, 2000

                                       7
<PAGE>

                                 EXHIBIT INDEX

<TABLE>
<CAPTION>
 Exhibit No.                            Description
 -----------                            -----------
 <C>         <S>
 (a)(1)(K)   Letter of Transmittal relating to warrants to purchase Common
             Stock.

 (a)(5)(H)   Complaint of Joseph Hughes against Steven Halstedt, Justin L.
             Jaschke, James C. Allen, Trygve E. Myhren J. Salem, Yukimasa Ito,
             Arthur L. Cahoon, Verio Inc. and Nippon Telegraph and Telephone
             Corporation.
</TABLE>

                                       8

<PAGE>

                                                               Exhibit (a)(1)(K)

                             Letter of Transmittal

             To Tender Warrants to Purchase Shares of Common Stock

                                       of

                                   Verio Inc.

                       Pursuant to the Offer to Purchase

                               Dated May 17, 2000

                                       by

                            Chaser Acquisition, Inc.

                     an indirect wholly owned subsidiary of

                         NTT Communications Corporation

                          a wholly owned subsidiary of

                   Nippon Telegraph and Telephone Corporation


 THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 12:00 MIDNIGHT, NEW YORK
 CITY TIME,
           ON WEDNESDAY, JUNE 14, 2000, UNLESS THE OFFER IS EXTENDED.


                        The Depositary for the Offer is:

                          Norwest Bank Minnesota, N.A.

         By Mail:             By Hand in New York:     By Hand or Overnight
                                                             Delivery:



 Norwest Bank Minnesota,  The Depository Trust Company
           N.A.               Transfer Agent Drop     Norwest Bank Minnesota,
      P.O. Box 64858       55 Water Street--1st Floor          N.A.
 St. Paul, MN 55164-0858    New York, NY 10041-0099 161 North Concord Exchange
Attn: Shareowner Services                            South St. Paul, MN 55075

                   Facsimile for Eligible Institutions only:
                                 (651) 450-4163
              To confirm receipt of Notice of Guaranteed Delivery:
                                 (651) 450-4110

If you require additional information, please call Norwest Bank Minnesota, N.A.
                                       at
                        (800) 468-9716 or (651) 450-4064

   DELIVERY OF THIS LETTER OF TRANSMITTAL TO AN ADDRESS, OR TRANSMISSION OF
INSTRUCTIONS VIA A FACSIMILE TO A NUMBER, OTHER THAN AS SET FORTH ABOVE, DOES
NOT CONSTITUTE A VALID DELIVERY TO THE DEPOSITARY. YOU MUST SIGN THIS LETTER OF
TRANSMITTAL IN THE APPROPRIATE SPACE THEREFOR PROVIDED BELOW AND COMPLETE THE
SUBSTITUTE FORM W-9 SET FORTH BELOW.
<PAGE>

   THE INSTRUCTIONS ACCOMPANYING THIS LETTER OF TRANSMITTAL SHOULD BE READ
CAREFULLY BEFORE THIS LETTER OF TRANSMITTAL IS COMPLETED.

   This Letter of Transmittal is to be completed by warrantholders of Verio
Inc., a Delaware corporation (the "Company"), if certificates are to be
forwarded herewith or, unless an Agent's Message (as defined in the Offer to
Purchase) is utilized, if delivery of Warrants (as defined below) is to be
made by book-entry transfer to the Depositary's account at The Depository
Trust Company (hereinafter referred to as the "Book-Entry Transfer Facility")
pursuant to the procedures set forth in Section 3 of the Offer to Purchase (as
defined below). This Letter of Transmittal may not be used to tender warrants
issued under the Warrant Agreement dated as of June 24, 1997 by and between
the Company and First Trust National Association as warrant agent. Delivery of
documents to the Book-Entry Transfer Facility does not constitute delivery to
the Depositary.


      DESCRIPTION OF WARRANTS TO PURCHASE SHARES OF COMMON STOCK TENDERED

<TABLE>
- - - - - - - - - - - - - - - - - - - - ---------------------------
<CAPTION>
<S>         <C>
Name(s) and  Warrants to
Address(es)    Purchase
    of     Shares of Common
Registered  Stock Tendered
 Holder(s)     (Attach
  (Please     additional
fill in, if     list if
  blank)      necessary)
- - - - - - - - - - - - - - - - - - - - ---------------------------
</TABLE>
<TABLE>
<S>  <C>            <C>             <C>
                      Number of
        Warrant        Warrants       Number of
      Certificate   Represented by     Warrants
       Number(s)*   Certificate(s)*   Tendered**
                                             ---
                                             ---
                                             ---
                                             ---
     Total Warrants
- - - - - - - - - - - - - - - - - - - - ------------------------------------------------
</TABLE>
  *Need not be completed by warrantholders tendering by book-entry
    transfer.
 **Unless otherwise indicated, it will be assumed that all Warrants
   represented by any certificates delivered to the Depositary are
   being tendered. See Instruction 4.



                                       2
<PAGE>

                    NOTE: SIGNATURES MUST BE PROVIDED BELOW
              PLEASE READ THE ACCOMPANYING INSTRUCTIONS CAREFULLY

Ladies and Gentlemen:

   The undersigned hereby tenders to Chaser Acquisition, Inc. ("Purchaser"), a
Delaware corporation and an indirect wholly owned subsidiary of NTT
Communications Corporation, a limited liability joint stock company
incorporated under the laws of Japan ("NTT Communications") and a wholly owned
subsidiary of Nippon Telegraph and Telephone Corporation, a limited liability
joint stock company incorporated under the laws of Japan ("NTT"), the above-
described warrants to purchase shares of common stock, par value $.001 per
share, of Verio Inc., a Delaware corporation (the "Company"), entitled
"Warrants to Purchase Common Stock of Hiway Technologies, Inc." which were
initially issued on or about December 19, 1997 by Hiway Technologies, Inc. and
became convertible into common stock of the Company upon the acquisition of
Hiway Technologies, Inc. by the Company on January 5, 1999 (the "Warrants"),
pursuant to Purchaser's offer to purchase all of the outstanding Warrants at a
purchase price of $60.00 per Warrant less the applicable Warrant exercise
price and any applicable withholding taxes, net to the seller in cash, without
interest, upon the terms and subject to the conditions set forth in the Offer
to Purchase, dated May 17, 2000 (the "Offer to Purchase"), receipt of which is
hereby acknowledged, and in this Letter of Transmittal (which, together with
the Offer to Purchase, any other Letter of Transmittal and any amendments or
supplements hereto or thereto, collectively constitute the "Offer"). The Offer
is being made in connection with the Agreement and Plan of Merger, dated as of
May 7, 2000 (the "Merger Agreement"), among NTT Communications, Purchaser and
the Company. This Letter or Transmittal may not be used to tender warrants
issued under the Warrant Agreement dated as of June 24, 1997 by and between
the Company and First Trust National Association, as warrant agent.

   Subject to and effective upon acceptance for payment of and payment for the
Warrants tendered herewith, the undersigned hereby sells, assigns and
transfers to or upon the order of Purchaser all right, title and interest in
and to all the Warrants that are being tendered hereby (and any and all other
Warrants or other securities issued or issuable in respect thereof) and
appoints the Depositary the true and lawful agent and attorney-in-fact of the
undersigned with respect to such Warrants (and all such other Warrants or
securities), with full power of substitution (such power of attorney being
deemed to be an irrevocable power coupled with an interest), to (a) deliver
certificates for such Warrants (and all such other Warrants or securities),
together, in any such case, with all accompanying evidences of transfer and
authenticity, to or upon the order of Purchaser, (b) present such Warrants
(and all such other Warrants or securities) for transfer on the books of the
Company and (c) receive all benefits and otherwise exercise all rights of
beneficial ownership of such Warrants (and all such other Warrants or
securities), all in accordance with the terms of the Offer.

   The undersigned hereby represents and warrants that the undersigned has
full power and authority to tender, sell, assign and transfer the Warrants
tendered hereby (and any and all other Warrants or other securities or rights
issued or issuable in respect of such Warrants) and that when the same are
accepted for payment by Purchaser, Purchaser will acquire good and
unencumbered title thereto, free and clear of all liens, restrictions, charges
and encumbrances and not subject to any adverse claims. The undersigned, upon
request, will execute and deliver any additional documents deemed by the
Depositary or Purchaser to be necessary or desirable to complete the sale,
assignment and transfer of the Warrants tendered hereby (and all such other
Warrants or other securities or rights).

   All authority herein conferred or agreed to be conferred shall survive the
death or incapacity of the undersigned, and any obligation of the undersigned
hereunder shall be binding upon the heirs, personal representatives,
successors and assigns of the undersigned. Except as stated in the Offer, this
tender is irrevocable.

   The undersigned understands that tenders of Warrants pursuant to any one of
the procedures described in Section 4 of the Offer to Purchase and in the
instructions hereto will constitute an agreement between the undersigned and
Purchaser upon the terms and subject to the conditions of the Offer.


                                       3
<PAGE>

   Unless otherwise indicated under "Special Payment Instructions," please
issue the check for the purchase price of any Warrants purchased, and return
any Warrants not tendered or not purchased, in the name(s) of the undersigned.
Similarly, unless otherwise indicated under "Special Delivery Instructions,"
please mail the check for the purchase price of any Warrants purchased and
return any certificates for Warrants not tendered or not purchased (and
accompanying documents, as appropriate) to the undersigned at the address
shown below the undersigned's signature(s). In the event that both "Special
Payment Instructions" and "Special Delivery Instructions" are completed,
please issue the check for the purchase price of any Warrants purchased and
return any Warrants not tendered or not purchased in the name(s) of, and mail
said check and any certificates to, the person(s) so indicated. The
undersigned recognizes that Purchaser has no obligation, pursuant to the
"Special Payment Instructions," to transfer any Warrants from the name of the
registered holder(s) thereof if Purchaser does not accept for payment any of
the Warrants so tendered.



     SPECIAL PAYMENT INSTRUCTIONS            SPECIAL DELIVERY INSTRUCTIONS
   (See Instructions 1, 5, 6 and 7)            (See Instructions 5 and 7)


  To be completed ONLY if the              To be completed ONLY if the check
 check for the purchase price of           for the purchase price of
 Warrants purchased or                     Warrants purchased or
 certificates for Warrants not             certificates for Warrants not
 tendered or not purchased are to          tendered or not purchased are to
 be issued in the name of someone          be mailed to someone other than
 other than the undersigned                the undersigned or to the
 Warrants.                                 undersigned at an address other
                                           than that shown below the
                                           undersigned's signature(s).

 Issue: [_] Check [_] Certificate
 to:


                                           Mail check and/or certificates
 Name:  ___________________________        to:

          (Please Print)
 Address: _________________________        Name: ____________________________
 ----------------------------------                  (Please Print)
            (Zip Code)                     Address: _________________________
 ----------------------------------        ----------------------------------
   (Taxpayer Identification or                         (Zip Code)
       Social Security No.)                ----------------------------------

                                              (Taxpayer Identification or
    (See Substitute Form W-9)                     Social Security No.)



                                               (See Substitute Form W-9)


                                 INSTRUCTIONS

             Forming Part of the Terms and Conditions of the Offer
   1. Guarantee of Signatures. Except as otherwise provided below, signatures
on all Letters of Transmittal must be guaranteed by a firm that is a bank,
broker, dealer, credit union, savings association or other entity which is a
member in good standing of the Securities Transfer Agents Medallion Program
(an "Eligible Institution"), unless the Warrants tendered thereby are tendered
(i) by a registered holder of Warrants who has not completed either the box
labeled "Special Payment Instructions" or the box labeled "Special Delivery
Instructions" on the Letter of Transmittal or (ii) for the account of an
Eligible Institution. See Instruction 5. If the certificates are registered in
the name of a person or persons other than the signer of this Letter of
Transmittal, or if payment is to be made or delivered to, or certificates
evidencing unpurchased Warrants are to be issued or returned to, a person
other than the registered owner or owners, then the tendered certificates must
be endorsed or accompanied by duly executed stock powers, in either case
signed exactly as the name or names of the registered owner or owners appear
on the certificates or stock powers, with the signatures on the certificates
or stock powers guaranteed by an Eligible Institution as provided herein. See
Instruction 5.

   2. Delivery of Letter of Transmittal and Shares. This Letter of Transmittal
is to be used if certificates are to be forwarded herewith. Certificates for
all physically delivered Warrants, as well as a properly completed and duly
executed Letter of Transmittal (or a manually signed facsimile thereof) and
any other documents required by this Letter of Transmittal, must be received
by the Depositary at one of its addresses set forth on the front page of this
Letter of Transmittal by the Expiration Date.

                                       4
<PAGE>

   The method of delivery of Warrants, the Letter of Transmittal and all other
required documents, is at the option and risk of the tendering warrantholder.
Warrants will be deemed delivered only when actually received by the
Depositary (including, in the case of a book-entry transfer, by a confirmation
of a book-entry transfer). If delivery is by mail, registered mail with return
receipt requested, properly insured, is recommended. In all cases, sufficient
time should be allowed to ensure timely delivery.

   No alternative, conditional or contingent tenders will be accepted, and no
fractional Warrants will be purchased. By executing this Letter of Transmittal
(or a manually signed facsimile thereof), the tendering warrantholder waives
any right to receive any notice of the acceptance for payment of the Warrants.

   3. Inadequate Space. If the space provided herein is inadequate, the
certificate numbers and/or the number of Warrants should be listed on a
separate schedule attached hereto.

   4. Partial Tenders (not applicable to warrantholders who tender by book-
entry transfer). If fewer than all the Warrants represented by any certificate
delivered to the Depositary are to be tendered, fill in the number of Warrants
which are to be tendered in the box entitled "Number of Warrants Tendered." In
such case, a new certificate for the remainder of the Warrants represented by
the old certificate will be sent to the person(s) signing this Letter of
Transmittal unless otherwise provided in the appropriate box on this Letter of
Transmittal, as promptly as practicable following the expiration or
termination of the Offer. All Warrants represented by certificates delivered
to the Depositary will be deemed to have been tendered unless otherwise
indicated.

   5. Signatures on Letter of Transmittal; Stock Powers and Endorsements. If
this Letter of Transmittal is signed by the registered holder(s) of the
Warrants tendered hereby, the signature(s) must correspond with the name(s) as
written on the face of the certificates without alteration, enlargement or any
change whatsoever.

   If any of the Warrants tendered hereby are held of record by two or more
persons, all such persons must sign this Letter of Transmittal.

   If any of the Warrants tendered hereby are registered in different names on
different certificates, it will be necessary to complete, sign and submit as
many separate Letters of Transmittal as there are different registrations of
certificates.

   If this Letter of Transmittal is signed by the registered holder(s) of the
Warrants tendered hereby, no endorsements of certificates or separate stock
powers are required unless payment of the purchase price is to be made, or
Warrants not tendered or not purchased are to be returned, in the name of any
person other than the registered holder(s), in which case the certificate(s)
for such Warrants tendered hereby must be endorsed, or accompanied by,
appropriate stock powers, in either case signed exactly as the name(s) of the
registered holder(s) appear(s) on the certificate for such Warrants.
Signatures on any such certificates or stock powers must be guaranteed by an
Eligible Institution.

   If this Letter of Transmittal is signed by a person other than the
registered holder(s) of the Warrants tendered hereby, the certificate must be
endorsed or accompanied by appropriate stock powers, in either case signed
exactly as the name(s) of the registered holder(s) appear(s) on the
certificates for such Warrants. Signature(s) on any such certificates or stock
powers must be guaranteed by an Eligible Institution.

   If this Letter of Transmittal or any certificate or stock power is signed
by a trustee, executor, administrator, guardian, attorney-in-fact, officer of
a corporation or other person acting in a fiduciary or representative
capacity, such person should so indicate when signing, and proper evidence
satisfactory to Purchaser of the authority of such person so to act must be
submitted.

   6. Stock Transfer Taxes. Purchaser will pay any stock transfer taxes with
respect to the sale and transfer of any Warrants to it or its order pursuant
to the Offer. If, however, payment of the purchase price is to be made to, or
Warrants not tendered or not purchased are to be returned in the name of, any
person other than the registered holder(s), then the amount of any stock
transfer taxes (whether imposed on the registered holder(s), such other person
or otherwise) payable on account of the transfer to such person will be
deducted from the purchase price unless satisfactory evidence of the payment
of such taxes, or exemption therefrom, is submitted.

                                       5
<PAGE>

   Except as provided in this Instruction 6, it will not be necessary for
transfer tax stamps to be affixed to the certificates listed in this Letter of
Transmittal.

   7. Special Payment and Delivery Instruction. If the check for the purchase
price of any Warrants purchased is to be issued, or any Warrants not tendered
or not purchased are to be returned, in the name of a person other than the
person(s) signing this Letter of Transmittal or if the check or any
certificates for Warrants not tendered or not purchased are to be mailed to
someone other than the person(s) signing this Letter of Transmittal or to the
person(s) signing this Letter of Transmittal at an address other than that
shown above, the appropriate boxes on this Letter of Transmittal should be
completed.

   8. Substitute Form W-9. The tendering warrantholder is required to provide
the Depositary with such warrantholder's correct TIN on Substitute Form W-9,
which is provided below, unless an exemption applies. Failure to provide the
information on the Substitute Form W-9 may subject the tendering warrantholder
to a $50 penalty and to 31% federal income tax backup withholding on the
payment of the purchase price for the Warrants.

   9. Foreign Holders. Foreign holders must submit a completed IRS Form W-8 to
avoid 31% backup withholding. IRS Form W-8 may be obtained by contacting the
Depositary at one of the addresses on the face of this Letter of Transmittal.

   10. Requests for Assistance or Additional Copies. Requests for assistance
or additional copies of the Offer to Purchase and this Letter of Transmittal
may be obtained from the Information Agent or the Dealer Manager at their
respective addresses or telephone numbers set forth below.

   11. Waiver of Conditions. The conditions of the Offer may be waived by
Purchaser (subject to certain limitations in the Merger Agreement), in whole
or in part, at any time or from time to time, in Purchaser's sole discretion.

   12. Lost, Destroyed or Stolen Certificates. If any certificates for
Warrants have been lost, destroyed or stolen, the warrantholder should
promptly notify the Company's Transfer Agent, Norwest Bank Minnesota, N.A.,
161 North Concord Exchange Street, South St. Paul, Minnesota 55075-6975,
Telephone: (651) 552-6975, Attention: John D. Baker, for instructions as to
the procedures for replacing the certificates for such Warrants. This Letter
of Transmittal and related documents cannot be processed until the lost,
destroyed or stolen certificates have been replaced and the replacement
certificates for such Warrants have been delivered to the Depositary in
accordance with the procedures set forth in Section 3 of the Offer to Purchase
and the instructions contained in this Letter of Transmittal.

   Important: This Letter of Transmittal or a manually signed facsimile copy
hereof (together with certificates or confirmation of book-entry transfer and
all other required documents) or a Notice of Guaranteed Delivery must be
received by the Depositary on or prior to the Expiration Date (as defined in
the Offer to Purchase).

                           IMPORTANT TAX INFORMATION

   Under federal income tax law, a warrantholder whose tendered Warrants are
accepted for payment is required to provide the Depositary with such
warrantholder's correct TIN on the Substitute Form W-9. If such warrantholder
is an individual, the TIN is such warrantholder's Social Security Number. If
the Depositary is not provided with the correct TIN, the warrantholder may be
subject to a $50 penalty imposed by the Internal Revenue Service. In addition,
payments that are made to such warrantholder with respect to Warrants
purchased pursuant to the Offer may be subject to backup withholding.

   Certain warrantholders (including, among others, all corporations and
certain foreign individuals) are not subject to these backup withholding and
reporting requirements. In order for a foreign individual to qualify as an
exempt recipient, that warrantholder must submit a statement, signed under
penalties of perjury, attesting to that individual's exempt status. Such
statements may be obtained from the Depositary. All exempt recipients
(including foreign persons wishing to qualify as exempt recipients) should see
the enclosed Guidelines for Certification of Taxpayer Identification Number on
Substitute Form W-9 for additional instructions.

                                       6
<PAGE>

   If backup withholding applies, the Depositary is required to withhold 31%
of any payments made to the warrantholder. Backup withholding is not an
additional tax. Rather, the tax liability of persons subject to backup
withholding will be reduced by the amount of tax withheld. If backup
withholding results in an overpayment of taxes, a refund may be obtained.

Purpose of Substitute Form W-9

   To prevent backup federal income tax withholding on payments that are made
to a warrantholder with respect to Warrants purchased pursuant to the Offer,
the warrantholder is required to notify the Depositary of such warrantholder's
correct TIN by completing the form certifying that the TIN provided on the
Substitute Form W-9 is correct.

What Number to Give the Depositary

   The warrantholder is required to give the Depositary the Social Security
Number or Employer Identification Number of the record owner of the Warrants.
If the Warrants are in more than one name or are not in the name of the actual
owner, consult the enclosed Guidelines for Certification of Taxpayer
Identification Number on Substitute Form W-9 for additional guidelines on
which number to report.

                                       7
<PAGE>


                                   SIGN HERE
                      (Complete Substitute Form W-9 below)

 ____________________________________________________________________________

 ____________________________________________________________________________
                            Signature(s) of Owner(s)

 ____________________________________________________________________________

 Name(s) ____________________________________________________________________

 ____________________________________________________________________________

 Capacity (full title) ______________________________________________________

 Address ____________________________________________________________________

 ____________________________________________________________________________

 ____________________________________________________________________________

 _________________________________________________________ (Include Zip Code)

 ____________________________________________________________________________

 Area Code and Telephone Number _____________________________________________

 Taxpayer Identification or Social Security Number __________________________

                           (See Substitute Form W-9)

 Dated: , 2000

 (Must be signed by registered holder(s) exactly as name(s) appear(s) on
 Warrant certificate(s) or on a security position listing or by the
 person(s) authorized to become registered holder(s) by certificates and
 documents transmitted herewith. If signature is by a trustee, executor,
 administrator, guardian, attorney-in-fact, agent, officer of a corporation
 or other person acting in a fiduciary or representative capacity, please
 set forth full title and see Instruction 5.)

                           GUARANTEE OF SIGNATURE(S)
                           (See Instructions 1 and 5)

 FOR USE BY FINANCIAL INSTITUTIONS ONLY. PLACE MEDALLION GUARANTEE IN SPACE
 BELOW.

 Authorized signature(s) ____________________________________________________

 Name _______________________________________________________________________

 Name of Firm _______________________________________________________________

 Address ____________________________________________________________________

 _________________________________________________________ (Include Zip Code)

 Area Code and Telephone Number _____________________________________________

 Dated: , 2000


                                       8
<PAGE>

                   PAYOR'S NAME: Norwest Bank Minnesota, N.A.
- - - - - - - - - - - - - - - - - - - - -------------------------------------------------------------------------------


                   Part I--PLEASE PROVIDE YOUR               TIN:
                   TIN IN THE BOX AT THE RIGHT
                   AND CERTIFY BY SIGNING AND
                   DATING BELOW.

 SUBSTITUTE                                          Social Security Number
 Form W-9                                                      or
 Department of                                      Employer Identification
 the Treasury,                                               Number
 Internal         -------------------------------------------------------------
 Revenue Service   Part II--For Payees exempt from backup withholding, see
                   the enclosed Guidelines for Certification of Taxpayer
                   Identification Number on Substitute Form W-9 and complete
                   as instructed therein.

 Payer's Request
 for
 Taxpayer         -------------------------------------------------------------

 Identification    (1) The number shown on this form is my correct TIN (or I
                       am waiting for a number to be issued to me); and
                   (2) I am not subject to backup withholding because (a) I
                       am exempt from backup withholding or (b) I have not
                       been notified by the Internal Revenue Service ("IRS")
                       that I am subject to backup withholding as a result of
                       a failure to report all interest or dividends, or (c)
                       the IRS has notified me that I am no longer subject to
                       backup withholding.
 Number ("TIN")    Certification--Under penalties of perjury, I certify that:
 and
 Certification

                   SIGNATURE:                              DATE:


Certification Instructions--You must cross out item (2) above if you have been
notified by the IRS that you are subject to backup withholding because of
underreporting interest or dividends on your tax return. However, if after
being notified by the IRS that you were subject to backup withholding, you
received another notification from the IRS that you were no longer subject to
backup withholding, do not cross out item (2). (Also see the instructions in
the enclosed Guidelines.)

NOTE: FAILURE TO COMPLETE AND RETURN THIS SUBSTITUTE FORM W-9 MAY RESULT IN
BACKUP WITHHOLDING OF 31% OF ANY PAYMENTS MADE TO YOU PURSUANT TO THE OFFER.
PLEASE REVIEW THE ENCLOSED GUIDELINES FOR CERTIFICATION OF TAXPAYER
IDENTIFICATION NUMBER ON SUBSTITUTE FORM W-9 FOR ADDITIONAL DETAILS.

YOU MUST COMPLETE THE FOLLOWING CERTIFICATE IF YOU ARE AWAITING YOUR TIN.


            CERTIFICATE OF AWAITING TAXPAYER IDENTIFICATION NUMBER

    I certify under penalties of perjury that a TIN has not been issued to
 me, and either (1) I have mailed or delivered an application to receive a
 TIN to the appropriate IRS Center or Social Security Administration Officer
 or (2) I intend to mail or deliver an application in the near future. I
 understand that if I do not provide a TIN by the time of payment, 31% of
 all payments pursuant to the Offer made to me thereafter will be withheld
 until I provide a number.

 Signature: ___________________________________________  Date:


                    The Information Agent for the Offer is:

                              MORROW & CO., INC.
                                445 Park Avenue
                                   5th Floor
                           New York, New York 10022
                         (Call Collect) (212) 754-8000
            Banks and Brokerage Firms, Please Call: (800) 662-5200

                   Stockholders, Please Call: (800) 566-9061

                    The Dealer Managers for the Offer are:

       Deutsche Banc Alex. Brown                   Merrill Lynch & Co.
     Deutsche Bank Securities Inc.               2 World Financial Center
          31 West 52nd Street                           6th Floor
       New York, New York 10019               New York, New York 10281-6100
     (212) 250-6000 (Call Collect)            (212) 236-3790 (Call Collect)

                                       9

<PAGE>

                                                               Exhibit (a)(5)(H)

               IN THE COURT OF CHANCERY IN THE STATE OF DELAWARE

                         IN AND FOR NEW CASTLE COUNTY


- - - - - - - - - - - - - - - - - - - - ----------------------------------------x
                                        :
JOSEPH HUGHES,                          :
                                        :
         Plaintiff,                     :
                                        :
      v.                                :
                                        :
STEVEN C. HALSTEDT, JUSTIN L. JASCHKE,  :
JAMES C. ALLEN, TRYGVE E. MYHREN,       :
PAUL J. SALEM, YUKIMASA ITO, ARTHUR L.  :             C.A. No. 18055NC
CAHOON, VERIO INC., and NIPPON          :
TELEGRAPH AND TELEPHONE CORPORATION,    :
                                        :
         Defendants.                    :
                                        :
- - - - - - - - - - - - - - - - - - - - ----------------------------------------X

                            CLASS ACTION COMPLAINT
                            ----------------------

          Plaintiff alleges upon information and belief, except for paragraph 1
hereof, which is alleged upon knowledge, as follows:

          1.  Plaintiff has been the owner of the common stock of Verio Inc.
("Verio" or the "Company") since prior to the wrongs herein complained of and
continuously to date.

          2.  Verio is a corporation duly organized and existing under the laws
of the State of Delaware. The Company is the largest provider of websites for
businesses and is a leading provider of comprehensive internet services.

          3.  Defendant Nippon Telegraph and Telephone Corporation ("NTT") is a
Japanese corporation and is the national
<PAGE>

telephone company of Japan. NTT owns or controls approximately 11.4% of Verio.
NTT acquired its Verio shares for approximately $11 per share.

          4. Defendant Steven C. Halstedt is Chairman of the Board of the
Company.

          5. Defendant Justin L. Jaschke is Chief Executive Officer and a
Director of the Company.

          6. Defendant Yukimasa Ito is a Director of the Company and a Vice
President of NTT Communications Corp.

          7. Defendants James C. Allen, Trygve E. Myhren and Paul J. Salem and
Arthur L. Cahoon are Directors of Verio.

          8. The Individual Defendants are in a fiduciary relationship with
Plaintiff and the other public stockholders of Verio and owe them the highest
obligations of good faith and fair dealing.

                           CLASS ACTION ALLEGATIONS
                           ------------------------

          9. Plaintiff brings this action on his own behalf and as a class
action, pursuant to Rule 23 of the Rules of the Court of Chancery, on behalf of
all common stockholders of the Company (except the defendants herein and any
person, firm, trust, corporation, or other entity related to or affiliated with
any of the defendants) and their successors in interest, who are or will

                                      -2-
<PAGE>

be threatened with injury arising from defendants' actions as more fully
described herein (the "Class").

          10. This action is properly maintainable as a class action because:

               (a) The Class is so numerous that joinder of all members is
impracticable. As of March 14, 2000, there were approximately 78,724,424 shares
of Verio common stock outstanding owned by hundreds, if not thousands, of record
and beneficial, holders;

               (b) There are questions of law and fact which are common to the
class including, inter alia, the following: (i) whether defendants have
breached their fiduciary and other common law duties owed by them to plaintiff
and the members of the Class; and (ii) whether the Class is entitled to
injunctive relief or damages as a result of the wrongful conduct committed by
defendants.

               (c) Plaintiff is committed to prosecuting this action and has
retained competent counsel experienced in litigation of this nature. The claims
of the plaintiff are typical of the claims of other members of the Class and
plaintiff has the same interests as the other members of the Class. Plaintiff
will fairly and adequately represent the Class.

                                      -3-
<PAGE>

               (d)  Defendants have acted in a manner which affects plaintiff
and all members of the Class alike, thereby making appropriate injunctive relief
and/or corresponding declaratory relief with respect to the class as a whole.

               (e)  The prosecution of separate actions by individual members of
the Class would create a risk of inconsistent or varying adjudications with
respect to individual members of the Class, which would establish incompatible
standards of conduct for defendants, or adjudications with respect to individual
members of the Class which would, as a practical matter, be dispositive of the
interests of other members or substantially impair or impede their ability to
protect their interests.

                            SUBSTANTIVE ALLEGATIONS
                            -----------------------

          11.  On May 7, 2000, Reuters reported that Verio and NTT announced
that they had entered into a definitive merger agreement whereby NTT will
acquire the Verio shares it does not already own for $60 per share in cash in a
transaction valued at $5.5 billion. Under the terms of the transaction as
presently proposed, a U.S. subsidiary of NTT will commence a cash tender offer
for all of Verio's outstanding common shares at a price of $60 per share no
later than May 17, 2000.

          12.  Although the $60 per share offer represents a premium to Verio's
closing stock price on Friday, May 4, 2000, the

                                      -4-
<PAGE>

offer is significantly below Verio's recent high of $84 per share,
reached in March 2000. Additionally, given NTT's basis of $11 per
share in the shares of Verio that it already owns, the cost of the proposed
acquisition to NTT will be approximately $55 per share.

          13.  By entering into the agreement with NTT, the Verio Board has
initiated a process to sell the Company which imposes heightened fiduciary
responsibilities and requires enhanced scrutiny by the Court. However, the terms
of the proposed transaction were not the result of an auction process or active
market check; they were arrived at without a full and thorough investigation by
the Individual Defendants; and they are intrinsically unfair and inadequate from
the standpoint of the Verio shareholders.

          14.  The Individual Defendants failed to make an informed decision, as
no market check of the Company's value was obtained. In agreeing to the merger,
the Individual Defendants failed to properly inform themselves of Verio's
highest transactional value.

          15.  According to a May 8, 2000 Bloomberg's article, "[b]oth companies
said there was at least one rival suitor for Verio, though they declined to
provide details."

          16.  The Individual Defendants have violated the fiduciary duties owed
to the public shareholders of Verio. The

                                      -5-



<PAGE>

Individual Defendants' agreement to the terms of the transaction, its timing,
and the failure to auction the Company and invite other bidders, and defendants'
failure to provide a market check demonstrate a clear absence of the exercise of
due care and of loyalty to Verio's public shareholders.

          17. The Individual Defendants' fiduciary obligations under these
circumstances require them to:

               (a) Undertake an appropriate evaluation of Verio's net worth as a
merger/acquisition candidate; and

               (b) Engage in a meaningful auction with third parties in an
attempt to obtain the best value for Verio's public shareholders.

          18. The Individual Defendants have breached their fiduciary duties by
reason of the acts and transactions complained of herein, including their
decision to merge with NTT without making the requisite effort to obtain the
best offer possible.

          19. Plaintiff and other members of the Class have been and will be
damaged in that they have not and will not receive their fair proportion of the
value of Verio's assets and business, and will be prevented from obtaining fair
and adequate consideration for their shares of Verio common stock.

                                      -6-

<PAGE>

          20.  The consideration to be paid to Class members in the proposed
merger is unfair and inadequate because, among other things:

               (a)  The intrinsic value of Verio's common stock is materially in
excess of the amount offered for those securities in the merger giving due
consideration to the anticipated operating results, net asset value, cash flow,
and profitability of the Company;

               (b)  The merger price is not the result of an appropriate
consideration of the value of Verio because the Verio Board approved the
proposed merger without undertaking steps to accurately ascertain Verio's value
through open bidding or at least a "market check mechanism"; and

               (c)  By entering into the agreement with NTT, the Individual
Defendants have allowed the price of Verio stock to be capped, thereby depriving
plaintiff and the Class of the opportunity to realize any increase in the value
of Verio stock.

          21.  By reason of the foregoing, each member of the Class will suffer
irreparable injury and damages absent injunctive relief by this Court.

          22.  NTT, because of its stock ownership and representation on Verio's
Board has access to information about the Company that gives it an unfair
advantage over other potential

                                      -7-

<PAGE>

bidders. NTT used this information to negotiate a transaction favorable to
itself and unfair to Verio's public shareholders. Additionally, NTT knowingly
aided and abetted the breaches of fiduciary duty committed by the Individual
Defendants in order to buy Verio at the lowest possible price.

          23.  Plaintiff and other members of the Class have no adequate remedy
at law.

     WHEREFORE, plaintiff and members of the Class demand judgment against
defendants as follows:

     a.   Declaring that this action is properly maintainable as a class action
          and certifying plaintiff as the representative of the Class;

     b.   Preliminarily and permanently enjoining defendants and their counsel,
          agents, employees and all persons acting under, in concert with, or
          for them, from proceeding with, consummating, or closing the proposed
          transaction;

     c.   In the event that the proposed transaction is consummated, rescinding
          it and setting it aside, or awarding rescissory damages to the Class;

     d.   Awarding compensatory damages against defendants, individual and
          severally, in an amount to be determined at trial, together with pre-
          judgment and

                                      -8-
<PAGE>

          post-judgment interest at the maximum rate allowable by law, arising
          from the proposed transaction;

     e.   Awarding plaintiff his costs and disbursements, including a reasonable
          allowances for plaintiff's counsel and expert fees and expenses; and

     f.   Granting plaintiff and the Class such other and further relief as the
          Court may deem just and proper.


                                       ROSENTHAL, MONRAIT, GROSS
                                        & GODDESS, P.A.


                                       By:  Carmella P. Keener
                                          ------------------------------------
                                       Suite 1401, Mellon Bank Center
                                       P.O. Box 1070
                                       Wilmington, DE 19899-1070
                                       (302) 656-4433
                                       Attorneys for Plaintiff


OF COUNSEL:

STULL, STULL & BRODY
6 East 45th Street
New York, NY 10017
(212) 687-7230

WEISS & YOURMAN
551 Fifth Ave., #1600
New York, NY 10176
(212) 682-3025


                                      -9-



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