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. reports developments across its telecommunications business, including wireless service performance, broadband connectivity, enterprise services and network technology. Company updates commonly address postpaid phone activity, customer economics, cash flow, guidance, investor conference appearances and capital markets actions involving outstanding Verizon and subsidiary notes.
News also covers Verizon's network resilience and public-safety capabilities, including Digital Twin damage modeling, satellite-enabled disaster connectivity, private 5G, fixed wireless access and broadcast solutions. Partnership and sponsorship updates describe how Verizon uses 5G, fiber and venue network design to support connected experiences for customers, businesses, broadcasters and large events.
The 2022 Verizon Business Data Breach Investigations Report (DBIR) reveals a significant rise in ransomware attacks, increasing by 13% from the previous year, marking the largest jump in five years. The report analyzed 23,896 security incidents, with 5,212 confirmed breaches. Organized crime plays a pivotal role, causing roughly 80% of breaches, and external actors are four times more likely to initiate breaches than internal ones. The human element is a major vulnerability, contributing to 82% of breaches. Supply chain security remains a critical concern, with 62% of system intrusion incidents stemming from partners.
Verizon's CFO, Matt Ellis, will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 24, 2022, at 9:30 a.m. ET. The event will be webcasted, with details available on Verizon's Investor Relations website. Verizon, a leading provider in technology and communications, achieved revenues of $133.6 billion in 2021, offering data, video, and voice services globally. Founded on June 30, 2000, it prioritizes mobility, reliable connectivity, and security for its customers.
Verizon is offering up to $800 in value for new or existing customers to upgrade to a 5G smartphone. Customers can obtain a new device, such as the iPhone 13, by trading in an eligible phone. This promotion emphasizes Verizon's commitment to 5G mobility while maintaining competitive pricing, with plans starting at $35 per line per month for multiple lines. The company generated $133.6 billion in revenue in 2021.
Verizon announces the launch of the moto g stylus 5G, enhancing its 5G phone portfolio. Available now for $11.11 a month on a 36-month plan, the device features a 6.8" display and a 120 Hz refresh rate, promoting high-quality gaming and streaming.
The smartphone boasts a 50 MP camera system with optical image stabilization and a built-in stylus for creativity on the go. Verizon's 5G Ultra Wideband currently covers over 1,700 cities, which supports the device's performance. With 2021 revenues of $133.6 billion, Verizon continues to lead in technology and communications services.
PCI Pal® (LON: PCIP), a leader in secure payment solutions, has released a new white paper titled Keep Calm and Simplify, highlighting challenges contact centers face with updated payment security standards, particularly PCI DSS 4.0. The document, co-authored with Verizon Business Group, addresses increased call traffic and digital fraud during the pandemic. The authors emphasize the necessity of robust security measures to adapt to evolving threats while preserving customer experience.
Verizon responds to Texas population surge
On May 18, 2022, Verizon announced a $97.9 million increase in capital spending to accommodate an influx of over 200,000 new wireless customers in Texas since January 2020. The company reported significant data traffic growth, with Dallas up 81.3% and Austin soaring 323.2%. This investment aims to enhance 4G LTE and 5G services amid ongoing network expansion, following over $2 billion invested in Texas during 2020-2021.
Verizon executive vice president Tami Erwin will speak at the MoffettNathanson Media & Communications Summit on May 19, 2022, at 9:00 a.m. ET. The speech will be available via webcast on Verizon’s Investor Relations website. Verizon, one of the world’s top technology and communications service providers, reported $133.6 billion in revenue for 2021. The company, founded on June 30, 2000, focuses on delivering data, video, and voice services through its extensive networks, meeting global demands for connectivity and security.
On May 14, 2022, the Verizon Frontline Response Team deployed to support first responders combating the Blue Lakes Fire in northern Michigan, which has affected over 2,000 acres. They provided critical communications using Satellite Picocells on Trailers (SPOTs) at two command posts, enhancing situational awareness for firefighting efforts. This service is offered at no cost to local agencies, underscoring Verizon's commitment to public safety and innovation. Verizon generated revenues of $133.6 billion in 2021 and is a leading provider of technology and communications services.
Verizon announces a significant capital investment of $149 million in Florida to upgrade its network infrastructure due to a surge in demand following a population increase of over 250,000 wireless customers since January 2020. With data traffic soaring, especially in major cities like Miami (364% increase) and Orlando (408%), Verizon plans to enhance its 4G LTE and 5G services. This initiative builds on over $1 billion invested in the past two years, improving capacity and coverage across the state, particularly at key locations such as Disney World and major event venues.
On May 13, 2022, Verizon Business announced the winners of the 2022 BlueJeans by Verizon Customer Awards, recognizing organizations that successfully used BlueJeans solutions to enhance collaboration and communication. Notable winners include Merck KGaA for Most Successful Hybrid Work Transformation and Penn Med for Biggest Impact, showcasing significant ROI. The awards highlight leaders in technology adoption, illustrating the transformation of workplace priorities towards connectivity. Verizon, headquartered in New York City, generated $133.6 billion in revenue in 2021.