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.
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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.
Verizon has expanded its +play platform by partnering with Age of Learning® and Perlego, enhancing educational content accessibility for users. Age of Learning® will offer its programs, ABCmouse and Adventure Academy, while Perlego provides unlimited access to over 1 million eBooks. This initiative aims to centralize subscriptions for entertainment and educational resources, aligning with Verizon’s strategy to accelerate 5G adoption. The +play platform, currently in trials, will be available to customers at no extra cost later this year.