Welcome to our dedicated page for Verizon Communications news (Ticker: VZ), a resource for investors and traders seeking the latest updates and insights on Verizon Communications 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's Frontline Response Team recently participated in a three-day search and rescue training exercise in Richmond County, N.C. Collaborating with local emergency services, the team provided essential wireless connectivity and communication solutions for over 200 participants. This initiative enhances public safety capabilities, employing tools like drones for improved situational awareness. Verizon's ongoing commitment to investing in public safety is highlighted by this support, which was delivered at no cost to local agencies. Verizon continues to focus on innovative solutions for first responders.
Verizon has partnered with Nova Credit to facilitate access to device financing for newcomers to the U.S. This innovative program allows individuals with international credit histories to share their information, enabling them to enjoy 0% interest on device payment plans for up to 36 months. As the first U.S. carrier to offer these benefits, Verizon aims to address challenges faced by newcomers, making it easier to secure services and devices upon arrival. The initiative aligns with Verizon's goal of expanding its reach and ensuring access to its 5G Unlimited plans.
The collaboration between Cisco and Verizon has successfully demonstrated a proof-of-concept for autonomous driving technology. By virtualizing roadside infrastructure, the companies showcased how cellular and mobile edge compute (MEC) solutions can fulfill the low-latency needs essential for autonomous applications. This advancement paves the way for connected vehicle applications like last-mile delivery bots and robotaxis, enhancing safety and efficiency in urban environments. The deployment of this technology could lead to significant cost savings for municipalities by eliminating the need for expensive physical roadside units.
Verizon Communications Inc. (NYSE: VZ) will report its first-quarter 2022 earnings on April 22, 2022, with a webcast starting at 8:30 a.m. ET. Access to the earnings news release and financial tables will be provided at 7:30 a.m. on the Investor Relations website. Verizon, headquartered in New York City, generated $133.6 billion in revenue for 2021 and is a leader in technology and communications services, offering a variety of data, video, and voice solutions.
Verizon and Cradlepoint have announced the certification of the Cradlepoint W1850 5G Wideband Adapter, enabling C-band connectivity across Verizon's 5G Ultra Wideband Network. This partnership supports bandwidth-intensive applications, catering to enterprises and businesses with a growing demand for fiber-fast, cellular-simple connectivity. Verizon aims to provide 5G UWB to 175 million people by the end of 2022. The collaboration enhances Verizon's 5G Fixed Wireless Access strategy, offering robust solutions for distributed workforces and ensuring secure connectivity for diverse business needs.
Verizon, in collaboration with Snap Inc. and Cirque du Soleil, has launched an augmented reality Snapchat Lens that brings the essence of the Las Vegas show “O” to users nationwide. Exclusively available to Verizon customers with a 5G smartphone, this experience utilizes the capabilities of Verizon’s 5G Ultra Wideband network. The Lens combines stunning visuals with a unique score by Benoit Jutras, allowing users to engage with the performance in an interactive way. This initiative highlights Verizon's commitment to innovative customer experiences through advanced technology.
Verizon Business has launched BlueJeans for Corporate Learning and Training to enhance virtual learning experiences. This platform streamlines management and engagement, accommodating up to 1,000 participants in meetings. Key features include a Dashboard View for instructors, Collab Board for interactive content sharing, and multilingual closed captioning. As organizations invest heavily in virtual training—rising 12% to $92.3 billion—this offering aims to improve engagement and effectiveness, addressing the evolving needs of corporate learning.
BlueJeans by Verizon has announced significant updates aimed at enhancing hybrid collaboration for Android and iOS users. These include new features for mobile access and control in conference rooms, as well as the introduction of flexible BlueJeans Rooms-as-a-Service packages in partnership with Poly. The goal is to provide a consistent experience across different work environments, enabling remote and in-office teams to collaborate seamlessly. Notably, the enhancements support increased inclusivity and productivity for users in various settings.
BASKING RIDGE, N.J., March 22, 2022 – Verizon announces the launch of the motorola edge+ 5G UW smartphone on March 24, priced at $23.61/month for 36 months ($849.99 retail). Customers can enjoy promotional offers including a second device free with a new line on an Unlimited plan and trade-in credits up to $800. The device features Qualcomm's Snapdragon 8 Gen 1 platform, 5G Ultra Wideband support, a 60MP front camera, and dual 50MP rear cameras. The design includes a 6.7” OLED display and enhanced audio capabilities. Pre-orders begin at 8 AM ET on March 24.
Verizon Connect has fully migrated its fleet management platform, Verizon Connect Reveal, to Amazon Web Services (AWS). This transition aims to enhance security, scalability, and reliability while accelerating product development. Nick Power, CTO of Verizon Connect, highlighted that being on AWS will improve customer experience and solidify their market position. AWS's infrastructure will enable better data utilization for fleet optimization, safety, and sustainability. In 2021, Verizon Connect received nine industry awards, further establishing its leadership in fleet management software.
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