As the details state "Allows the app to read SMS and messages stored on your phone or SIM card. This allows the app to read all SMS messages, regardless of content or confidentiality" also "Allows the app to receive and process SMS messages. This means the app could monitor or delete messages sent to your device without showing them to you." Along with "Allows the app to write to the SD card." These two are actually marked "new".
Under the "Services that cost you money" tab, it reads "Allows the app to call phone numbers without your intervention. This may result in unexpected charges or calls. Note that this doesn't allow the app to call emergency numbers. Malicious apps my cost you money by making calls without your confirmation."
Under "Phone Calls" tab it says "Allows the app to process outgoing calls and change the number to be dialed. This permission allows the app to monitor, redirect or prevent outgoing calls."
Maybe I'm reading these things wrong and shouldn't feel like I'm allowing some Verizon employee permission to sit around and read my texts or look at some of the porn I have on my SD card and delete them if they feel like it or if they can write on it, put some on there. Why would my phone need to make a phone call without me knowing about it? Why would my phone decide I needed to call my mom instead of the "900" number I dialed or hell, prevent me from calling in the first place? Yeah, I know my paranoia is taking control here, maybe someone could explain to me in "end user" terms what aspects of the phone would need such open ended permissions.
There are links in the app which allow you to call phone numbers such as nearby Verizon stores to get information about workshops, available merchandise, etc...
Without permissions to make phone calls, this capability would not be available.