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. (VZ) delivers cutting-edge wireless, broadband, and enterprise solutions through America's most reliable network. This news hub provides investors and industry professionals with direct access to official press releases and strategic updates from the telecommunications leader.
Track Verizon's latest 5G deployments, financial results, technology partnerships, and infrastructure investments. Our curated collection features earnings announcements, product launches, and regulatory filings – all essential for understanding the company's market position.
Key updates include network expansion initiatives, enterprise cloud solutions, and advancements in AI-driven connectivity. Bookmark this page for real-time insights into Verizon's operational developments and competitive strategies within the evolving telecom sector.
Verizon's executive vice president and CEO for Verizon Business, Sowmyanarayan Sampath, will speak at the 25th Annual Oppenheimer Technology, Internet & Communications Conference on August 10, 2022, at 1:15 p.m. ET. This event will be streamed live, and details for accessing the webcast are available on Verizon’s Investor Relations website.
Headquartered in New York City, Verizon generated $133.6 billion in revenue in 2021. The company is a global leader in technology and communications services, offering data, video, and voice services.
Verizon emphasizes its commitment to providing reliable service as summer travel continues, with a recent survey showing that 58% of Americans plan to travel, including 21% who will work remotely. Verizon's network has been recognized by J.D. Power for top quality, achieving 29 consecutive awards for excellence. The company is enhancing its 5G Ultra Wideband network and expanding its fiber network's capacity. Additionally, Verizon is offering plans like Welcome Unlimited, starting at $30 per line for four lines, and promoting a $240 e-gift card for activating eligible devices.
Verizon's "Fuel The Love" initiative surprised customers at GetGo gas stations in Indianapolis by filling their tanks for free. This initiative, part of the broader #ACallForKindness campaign, has reached at least 15 U.S. cities this summer. Verizon aims to promote kindness and community support during tough economic times. The company also introduced new customer benefits, including the Welcome Unlimited plan and rewards through the Verizon Visa® Card. Verizon reported $133.6 billion in revenue in 2021, emphasizing its position as a leader in technology and communications.
Verizon has been recognized as the provider of the Most Reliable 5G Network in the U.S. for the third consecutive test period, according to RootMetrics. The company secured the best overall network title for the 18th consecutive time in RootMetrics' State of the Mobile Union report. Key highlights include:
- Best 5G data reliability in 95 out of 125 metro markets.
- Increased 5G availability in 99 markets.
- Significant improvements in 5G download speeds due to enhanced C-Band spectrum.
Verizon is upgrading its core equipment to handle up to 230 Tbps of data, enhancing its network capabilities.
Verizon is providing unlimited calling, texting, and data for consumer and small business customers impacted by wildfires in parts of California, Idaho, Montana, Nebraska, Oregon, and Washington from August 3-9, 2022. This initiative is aimed at helping residents during the current wildfire crisis, which has been exacerbated by extreme weather conditions. Additionally, the Verizon Frontline Response Team is offering critical communications support to first responders at no cost to public safety agencies.
Verizon announced a $15,000 investment to support a mentoring program with Gateway Global in St. Louis, enhancing STEM education and workforce development. This initiative aims to prepare youth for tech careers linked to the National Geo-Spatial Intelligence Agency's new headquarters. Verizon mentors have guided students in critical infrastructure skills while showcasing Verizon's 5G technology. The partnership reflects Verizon's commitment to fostering economic empowerment and stability in the local community, aligning with its broader mission to connect people through technology.
Verizon Connect has introduced an advanced AI Dashcam aimed at enhancing fleet safety and management. The new dashcam features real-time detection of hazardous driving behaviors and provides in-cab alerts to drivers. It is compatible with both new and existing Fleet and Reveal customers and boasts a modular design for easy upgrading. Additionally, the technology includes Advanced Driver Assistance Systems (ADAS) and a Driver-Monitoring System (DMS) to monitor driving behaviors. Verizon Connect has received nine industry awards in 2021 for its innovations, highlighting its competitive edge in the market.
Verizon partnered with local artist Peat “EYEZ” Wollaeger to create an Augmented Reality mural in St. Louis as part of its national #ACallForKindness campaign. Located at 6301 Delmar Blvd, the mural features a hidden smiley face symbolizing kindness. This initiative is part of Verizon's effort to foster community connections through art, with over 20 murals completed nationwide since the campaign's launch in October 2020. The campaign encourages individuals to perform acts of kindness and share their experiences on social media.
Verizon upgrades its fiber network infrastructure to enhance data management capabilities to 115 terabits per second (Tbps), with future scalability to 230 Tbps. This upgrade employs advanced 400 Gbps per port optical technology and is aimed at meeting the increasing data demands driven by the adoption of 5G. The equipment is provided by Juniper Networks and features automation, reduced space requirements, and improved efficiency. This core network enhancement will better support Verizon's wireless, home internet, and enterprise services.
