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 has commenced deployment of 100 MHz of C-band spectrum, significantly increasing its 5G Ultra Wideband capacity from 60 MHz. This upgrade allows for peak download speeds of 1.4 Gbps near cell sites and 500 Mbps further away. As additional spectrum clears, customers will gain access to between 140-200 MHz nationwide. This expansion aims to enhance service quality for mobile users and broaden the reach of Verizon's 5G Home broadband services, positioning Verizon as a stronger competitor in the home broadband market.
Verizon Enhances Access to Mental Health Resources
On July 16, 2022, Verizon’s landline customers gained the ability to dial 988, the new Suicide and Crisis Prevention Lifeline. This follows its prior introduction for wireless customers in December 2020. Users can call or text 988 to connect with trained experts without incurring charges. The initiative aims to provide essential support during crises, as emphasized by Kathy Grillo, Verizon's SVP of Public Policy. The Lifeline continues to maintain its toll-free number, 1-800-273-8255, alongside support for veterans and Spanish speakers through the 988 service.
On July 14, 2022, Verizon announced an expansion of its 5G Ultra Wideband network, providing over one million additional customers in Atlanta, GA, with enhanced speed and capacity. This service now delivers download speeds up to 10 times faster than median Verizon 4G LTE. The coverage includes key areas such as Forsyth and Fulton Counties, and it was achieved 18 months ahead of schedule through spectrum agreements. Verizon aims to reach 175 million people by the end of 2022 and 250 million by 2024, enhancing both mobile and business internet services.
Verizon has been recognized as the most awarded brand for Wireless Network Quality in J.D. Power's 2022 study, achieving this for the 29th consecutive time. The company received awards in five out of six regions, highlighting its superior customer satisfaction in network performance. Over the past 19 years, Verizon has accumulated over 180 J.D. Power awards, more than any other provider. The study surveyed over 34,174 wireless customers, emphasizing Verizon's reliability in delivering data, video, and voice services, with $133.6 billion in revenue generated in 2021.
Verizon Visa Card holders can now earn 4% rewards on gas purchases year-round, responding to rising fuel costs averaging $5 per gallon in the U.S. This offer is part of a broader rewards program that includes 4% on groceries, 3% at restaurants, and 2% on Verizon purchases. Users can apply their Verizon Dollars toward various expenses, including bills and travel. Additionally, new cardholders can receive up to $100 credit on their wireless bill over the first two years by using the card for bill payments.
On July 14, 2022, Maggie Hallbach, Senior VP of Verizon Public Sector, was appointed to the Board of Directors for the Northern Virginia Technology Council (NVTC). She leads Verizon's initiatives for federal, state, and local partnerships focused on innovative technology solutions, including Verizon Frontline for first responders. Hallbach aims to enhance NVTC's strategy to bolster the tech industry and job access in the region. Holding an MBA from the University of Maryland, she has over 20 years of experience in technology and government.
Verizon has launched the Welcome Unlimited plan, offering unlimited talk, text, and data for just $30 per line per month for four lines with Auto Pay. Additionally, customers can receive a $240 e-gift card per line when activating their own 4G LTE or 5G phone, totaling up to $960 for a family of four. This plan aims to attract more customers amidst rising budget concerns, as 86% of Americans are worried about increasing expenses. The announcement aligns with Verizon's ongoing innovations in 5G connectivity and expands its consumer offerings.
Women's CoLab is enhancing its support for women in the workforce through the launch of CoLab Conversations, a series of interactive learning sessions featuring renowned female entrepreneurs and career coaches. The initiative aims to empower women, particularly as they navigate challenges following the pandemic. Participants can expect actionable insights on career development and investment in personal growth. Notable speakers include Jaclyn Johnson and Cloé Caron. For more details, visit WeAreWomensCoLab.com.
Verizon Innovative Learning is rebranding and expanding its free project-based enrichment program to Verizon Innovative Learning STEM Achievers, aimed at middle school students in under-resourced communities. The program focuses on emerging technologies and offers hands-on experiences across four educational tracks, including artificial intelligence. It collaborates with 44 colleges nationwide, supporting 10 million youths in digital skills training by 2030 through its Citizen Verizon initiative. The program enhances learning and mentorship opportunities for students.
