The CWA contract, covering 35,000 union members from Virginia to New England, will include an 8.2 percent compounded wage increase over the next three years, the union said in a press release Friday. The IBEW contract covers 10,000 Verizon employees.

Members of the two unions engaged in a two-week strike in August 2011 after the contracts expired. Some workers without a contract.

The new agreement came after "intensive negotiations" involving the Federal Mediation and Conciliation Service, the CWA said.

Under the new contact, CWA members who were fired by Verizon during the strike will return to work.

"This contract ensures that every one of our members will see an improvement in their standard of living," CWA District 1 Vice President Chris Shelton said in a statement. "It was a tough fight, and we turned back efforts by the company to gut our contracts. Now, we'll keep up the fight to expand good jobs for Verizon workers."