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 Responsible Marketing Action Plan has successfully exceeded its 2021 goals and introduced new objectives for 2022, aiming to enhance diversity, equity, and inclusion (DE&I) in marketing. Key highlights include spending 65% on diverse video production and a 40% goal for 2022 across all media. The company reported that 39.3% of its marketing team are people of color, with women making up 51.7%. Verizon achieved a 99.4% brand safety rating in media placements and continues initiatives like the adfellows program, fostering diverse marketing leaders with a 98% job placement rate.
Verizon reports a significant rise in 5G Ultra Wideband data usage, which has surged by 249% since January 2021, reflecting escalating demand among consumers and businesses. By the end of 2022, Verizon aims to deliver 175 million points of presence (POPs), expanding to 250 million by 2024. States like California and Indiana are leading in data consumption, with Maryland seeing a remarkable 1631% growth. The company's 5G technology enhances digital transformation and boosts connectivity across various sectors.
Verizon has launched a #CarrierClapback campaign aimed at countering competitors' misleading claims. The campaign highlights a timeline of Verizon's past fee changes, including the introduction of taxes and fees in pricing plans. The company emphasizes its commitment to providing the most reliable 5G service and offers savings of up to $90/month when combined with home internet. Additionally, Verizon reported revenues of $133.6 billion in 2021, showcasing its position as a leading provider in technology and communications.
On May 31, 2022, Verizon showcased its robust 5G Ultra Wideband capabilities during the Indianapolis 500, where over 325,000 attendees used more than 17 terabytes of data. This significant data usage surpassed the 15 terabytes used at a recent Miami event. Verizon's 5G network provides high-speed and reliable connectivity in over 75 stadiums and 1,700 cities, with 52% of traffic in Indianapolis on 5G. CEO Hans Vestberg emphasized the network's capabilities, aligning with Verizon's focus on mobility and innovative solutions, contributing to the company's revenue of $133.6 billion in 2021.
Verizon Communications has declared a quarterly dividend of 64 cents per share, consistent with the previous three quarters. This dividend is payable on August 1, 2022, to shareholders on record as of July 8, 2022. The company has 4.198 billion shares outstanding and paid out $10.4 billion in dividends in 2021, highlighting its commitment to shareholder value. Verizon generated $133.6 billion in revenues for 2021, focusing on growth across five vectors and delivering essential technology and communication services.
Verizon has announced a promotional offer for new Fios and 5G Home Internet customers, providing complimentary SimpliSafe security bundles valued up to $400. Eligible customers can receive different security packages based on their internet plan, enhancing home security during the summer travel season. Verizon's 5G Home Internet starts at $25 per month and is available to over 30 million people. This initiative supports Verizon's growth in mobility and nationwide broadband, further solidifying its competitive position in the market.
Verizon is launching summer promotions with rates starting at $35 per line for four 5G Start lines with Auto Pay. The company anticipates high travel demand, with 39.2 million expected travelers during Memorial Day weekend. Customers can receive up to $800 in value for a new 5G phone when trading in an eligible device. Verizon's plans include TravelPass for international connectivity. Additionally, users of the Verizon Visa card can earn rewards and access special travel benefits.
Verizon has expanded its partnership with AWS by adding new Wavelength Zones in Nashville, TN and Tampa, FL, enabling faster mobile edge computing capabilities. Now, 75% of the U.S. population is within 150 miles of one of 19 Wavelength Zones. This expansion facilitates the development of low-latency applications like immersive VR gaming and connected vehicles. Verizon aims to enhance consumer experiences by moving data processing closer to users. The company generated $133.6 billion in revenue in 2021, reinforcing its leadership in technology and communications services.
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