Verizon Comms Stock Price, News & Analysis

Verizon Communications has announced the acceptance and pricing terms for its 30 offers to purchase outstanding debt securities, with a total cash amount of approximately $5.5 billion. These offers aim to acquire all notes tendered before the Early Participation Date of March 4, 2022. The final settlement for accepted notes is scheduled for March 9, 2022. The Offers will expire on March 21, 2022, unless extended. Notably, all conditions to the Offers were satisfied by the Early Participation Date, and Verizon will settle all validly tendered notes accordingly.

Verizon's CFO, Matt Ellis, will present at the Morgan Stanley Technology, Media and Telecom Conference on March 8, 2022, at 11:00 a.m. ET. This event will be available via webcast on Verizon's Investor Relations website. In 2021, Verizon generated revenues of $133.6 billion, positioning itself as a leader in technology and communications services globally. The company, formed in 2000 and headquartered in New York City, provides data, video, and voice services to meet customers' growing demands for connectivity and security.

On March 7, 2022, Verizon announced the acceptance of all Notes tendered by the Early Participation Date, increasing the cash offer cap from $4 billion to approximately $5.6 billion. The Offers are set to expire on March 21, 2022, unless extended. By the Early Participation Date, Verizon had satisfied all conditions and plans to settle accepted Notes on March 9, 2022. The Total Consideration for those validly tendered will be calculated based on the increased Waterfall Cap, which includes an early participation payment of $50 per $1,000 principal. This announcement provides key details about the tender process and related financial implications.

Limelight Networks (Nasdaq: LLNW) has announced an agreement to acquire Yahoo's Edgecast in an all-stock deal valued at $300 million, equivalent to 1x Edgecast's 2021 revenue. Following the acquisition, Limelight will rebrand as Edgio and is set to have combined revenues exceeding $500 million. The merger aims to enhance their edge computing solutions and expand market opportunities in cloud security, online video, and web applications, targeting a $40 billion total addressable market. Yahoo will hold approximately 31.9% of the new entity's shares.

Verizon has launched +play, an innovative platform that allows customers to manage and access various subscription services, including Netflix, Disney+, and Peloton, all in one place. This new hub aims to simplify the subscription experience as consumers increasingly subscribe to multiple streaming services. The platform will begin trials for select customers in March 2022, with a wider launch expected later this year. By centralizing content subscriptions, +play enhances Verizon's existing offerings and strengthens its position as a leading direct-to-consumer platform.

Verizon and Celona have teamed up to launch a new private networking solution that integrates 5G LAN technology into Verizon's On Site 5G portfolio. This partnership aims to provide cost-effective, cloud-first private networks for small to enterprise businesses, enhancing connectivity and reducing operational challenges. The joint offering promises flexible deployment options, network automation, and secure connectivity, catering to various business applications, including factory automation and healthcare. Verizon generated $133.6 billion in revenue in 2021, reaffirming its position as a leading communications provider.

Verizon Communications Inc. has outlined a strategic vision for growth targeting at least 4% service and other revenue growth in 2024 and beyond, alongside plans to lower capital intensity below 12%. The company aims to enhance its 5G coverage, planning to reach more than 175 million people by year-end 2022. Key initiatives include launching +play, a direct-to-consumer platform, and forming a strategic partnership with Meta to explore metaverse applications. Additionally, Verizon anticipates significant net adds in fixed wireless subscribers and a focus on private networking solutions.

Verizon has expanded its relief offerings in response to the ongoing situation in Eastern Europe. From now until March 10, the company is waiving international calling, texting, and in-country data charges for both consumer and business wireless customers to and from Ukraine, Hungary, Moldova, Poland, Romania, and Slovakia. This includes residential landline customers. Additionally, customers can donate to relief efforts in Ukraine through various organizations by texting specific keywords to designated numbers.

On March 2, 2022, Verizon deployed its Response Team in Los Angeles for Super Bowl LVI, supporting public safety agencies with Verizon Frontline solutions. Prior to the event, Verizon set up critical communications assets, including COLTs and satellite trailers, working closely with the Inglewood Police Department. The installation ensured high-bandwidth, 5G connectivity for emergency responders, measured at over a gigabit. Verizon's Frontline network, developed over decades, enhances communication for first responders during major events, underlining the company's role in public safety.