Welcome to our dedicated page for Verizon Comms news (Ticker: VZ), a resource for investors and traders seeking the latest updates and insights on Verizon Comms stock.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) is a leading multinational telecommunications conglomerate, headquartered at 1095 Avenue of the Americas, Midtown Manhattan, New York City, and incorporated in Delaware. As a corporate component of the Dow Jones Industrial Average, Verizon stands out in the telecommunications industry by providing a wide range of services and solutions that include wireless communications, fixed-line telecom, and enterprise services.
Wireless Services: Verizon's wireless operations account for approximately 70% of its total service revenue, highlighting the significance of this segment. With about 93 million postpaid and 21 million prepaid phone customers, Verizon holds the title of the largest US wireless carrier. This expansive customer base is supported by the company's robust nationwide network, known for its reliability and wide coverage.
Fixed-Line Telecom: Verizon's fixed-line operations serve local networks in the Northeast, reaching around 29 million homes and businesses. The company caters to approximately 8 million broadband customers, providing high-speed internet services. Additionally, Verizon offers telecom services to enterprise customers across the nation, leveraging both its own and other carriers' networks.
Recent Achievements and Projects: Verizon is actively involved in several initiatives and partnerships that enhance its service offerings and community presence. Recently, Verizon announced the continuation of its partnership as the Official 5G partner of Houston Dynamo FC and the Houston Dash, which will last through the 2024 season. This partnership aims to bring fans closer to the teams they support with enhanced fan experiences.
In another exciting development, Verizon is connecting fans to music at the inaugural Festival La Onda by BottleRock® in Napa Valley, CA. Fans will benefit from perks such as VIP experiences, premium viewing decks, and exclusive merchandise.
Financial Performance: For the fiscal year 2023, Verizon generated revenues of $134.0 billion, reflecting its strong market presence and operational efficiency. The company's commitment to innovation and customer satisfaction continues to drive its financial success.
Social Initiatives: Verizon is dedicated to community engagement and social responsibility. The company is sponsoring events such as The Power Shift series with Johns Hopkins University and Medicine, aimed at discussing the intersection of AI and healthcare. Verizon's Citizen Verizon initiative focuses on preparing individuals for future jobs through tech skills training.
New Products: Verizon Business is introducing the Google Pixel 8a smartphone, equipped with advanced collaboration tools, robust security features, and AI technology. This addition enhances business mobility for Verizon's enterprise customers.
Verizon Communications Inc. remains at the forefront of the telecommunications industry, continually evolving to meet the demands of modern connectivity and innovation.
Verizon (VZ) announces pre-order availability for the new iPhone 16e starting February 21, 2025, with official release on February 28. The device features the A18 chip, Apple Intelligence, and a 48MP 2-in-1 camera system.
Customers can get the iPhone 16e for $5/month for 36 months on myPlan with a new line, or receive it free with any condition trade-in of iPhone, Samsung, or Google phones. Business customers can receive the device free with new activation on Business Unlimited Plus or Pro plans.
The iPhone 16e, priced at $599.99 (128GB), includes breakthrough battery life, Apple's first custom C1 cellular modem, and satellite features free for two years. The device will be available in black and white matte finishes and supports eSIM activation.
Verizon (NYSE, Nasdaq: VZ) has announced that Joe Russo, executive vice president and president of Global Networks and Technology (GN&T), will speak at the Barclays Communications and Content Symposium on Tuesday, February 25, at 9:15 a.m. ET. The presentation will be available via webcast, with access details provided on Verizon's Investor Relations website.
The company, headquartered in New York City, generated revenues of $134.0 billion in 2023 and serves millions of customers worldwide, including nearly all Fortune 500 companies. Verizon focuses on providing mobility, reliable network connectivity, and security services, continuously innovating to meet current and future customer needs.
Verizon Innovative Learning has reached over 8.5 million students, progressing toward its goal of empowering 10 million by 2030. The initiative is expanding with 34 new Title I schools joining for the 2025-2026 school year across nine districts.
The program provides devices (tablets and laptops), four-year Verizon data plans for students and teachers, and subsidizes a full-time technology coach. Impact metrics show 80% of teachers reported increased confidence in technology integration and enhanced student engagement.
Through Verizon Innovative Learning HQ, a free portal offers over 500 STEM-infused K-12 lessons and professional development resources, including AR/VR experiences and esports programs. The initiative has invested over $1 billion in market value to support digital equity in education, addressing the gap where only 55% of students feel prepared for the digital economy.
Verizon Communications (NYSE, NASDAQ: VZ) has announced plans to redeem its Floating Rate Notes due 2025 on March 18, 2025. The redemption affects notes with a principal amount outstanding of $487,396,000. The redemption price will be equal to 100% of the principal amount plus accrued and unpaid interest up to the redemption date.
The notes being redeemed are identified by CUSIP: 92343V EP5, ISIN: US92343VEP58, and Common Code: 182168670. U.S. Bank Trust Company, National Association will serve as the paying agent for this transaction.
Verizon demonstrated strong network performance during Super Bowl Sunday in New Orleans, with customers using 93.5 TB of data citywide and 38.1 TB at Caesars Superdome. The company's network showed superior performance, delivering 2.4x faster download and 4.8x faster upload speeds compared to competitors, with peak speeds reaching 4,161 Mbps download and 1,067 Mbps upload.
As part of its commitment to New Orleans, Verizon has made significant infrastructure investments, including laying over 560 miles of fiber and adding large capacity connections across key city locations. At Caesars Superdome, the company deployed 511 5G UltraWideband and 155 C-band radios to ensure comprehensive coverage for the 65,719 attendees, with approximately 53% using Verizon's network.
Verizon (VZ) has secured top positions in RootMetrics® second half 2024 drive tests, winning awards for Best 5G, Fastest 5G, and Most Reliable 5G networks. The company achieved 874 Metro Area RootScore Awards, 70% more than its closest competitor, marking its eighth consecutive national 5G reliability award.
The company's 5G Ultra Wideband network now reaches over 280 million people. Key network improvements include expanded home broadband availability, satellite backup connectivity implementation, 5G Standalone Core deployment, and integration of 5G Advanced technologies. Verizon is also preparing its network infrastructure for AI workloads to support future innovations.
Verizon reported revenues of $134.8 billion in 2024, serving countries worldwide and nearly all Fortune 500 companies.
Verizon (VZ) announces the addition of Google One AI Premium as a new perk for myPlan and myHome customers, becoming the first U.S. wireless provider to offer an AI-powered perk. Starting February 6, customers can access this service for $10 per month, half the regular price of $19.99.
The package includes Gemini Advanced, Google's next-gen AI, 2TB of cloud storage, and AI features in Google apps like Gmail and Docs. Customers can use Gemini for tasks like analyzing documents, creating presentations, and conducting research. The service allows analysis of up to 1,500 pages and includes custom AI experts ('Gems') for personalized assistance.
This addition complements Verizon's existing perks like Disney Bundle, Netflix & Max, and YouTube Premium. Customers can bundle Google One AI Premium with YouTube Premium for $20 monthly, saving $13.98 compared to separate subscriptions.
Verizon has announced that its first-ever Super Bowl FanFest initiative has reached full capacity with over 100,000 free tickets claimed across 30 cities. The events, designed for customers and fans, will provide exclusive access to stadiums and iconic venues, featuring activities like on-field experiences, locker room tours, and player meet-and-greets.
Following AFC and NFC championship outcomes, Verizon has expanded its FanFest locations in Philadelphia (Pennsylvania Convention Center) and Kansas City (KC Live!) to accommodate additional fans. The company is also donating thousands of tickets to organizations supporting first responders in Los Angeles, with special recognition planned at SoFi Stadium.
The company reported revenues of $134.8 billion in 2024, demonstrating its significant market presence in providing mobility, network connectivity, and security services.
Verizon (VZ) has partnered with ForgiveCo to eliminate $10 million in consumer debt for 6,500 Western North Carolinians affected by Hurricane Helene. The initiative, announced at Verizon's South Asheville store, targets medical, financial, and other necessity-related debts, with Basketball Hall of Fame coach Roy Williams participating in notifying beneficiaries.
The debt relief program operates on a 'random acts of kindness' model, requiring no applications from recipients. This effort complements Verizon's previous $400,000 donation to United Way of North Carolina post-hurricane. ForgiveCo's approach involves purchasing consumer debt in affected areas and notifying recipients through surprise communications.
The company reported revenues of $134.8 billion in 2024, serving countries worldwide and nearly all Fortune 500 companies.
Verizon (VZ) is expanding its network coverage through satellite technology partnerships. The FCC has authorized Verizon and AST to test satellite-to-phone connections for voice, data, and video applications. The company is collaborating with Skylo for satellite messaging features and has formed a $100 million strategic partnership with AST SpaceMobile to provide direct-to-cellular service.
The initiative includes AST's first five commercial BlueBird satellites in low Earth orbit, which will test connections with Verizon smartphones without requiring specialized software. Verizon currently operates nearly 300 satellite-based portable network assets for emergency situations and utilizes satellite connections for cell sites in remote areas where fiber infrastructure is unavailable.
The company reported revenues of $134.8 billion in 2024 and claims to cover more than 99% of where people live, work, and play. The satellite expansion aims to eliminate remaining coverage gaps in remote locations.
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