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 Business is expanding its Software-Defined Interconnect (SDI) solution, improving connectivity for enterprise and public sector customers. This service enables quick activation of MPLS and Ethernet private networking to cloud providers, enhancing networking agility and reducing access costs. Collaborating with Equinix, the SDI solution is part of Verizon's Network-as-a-Service (NaaS) strategy, reflecting a commitment to meet evolving market demands and provide scalable, reliable network services.
Verizon is enhancing its service offerings by providing up to 12 months of AMC+ streaming to new Fios customers and those purchasing specific smartphones with select Unlimited plans. This promotion allows customers early access to popular shows, including the final season of The Walking Dead, premiering on August 15. Verizon's partnership with AMC Networks aims to deliver premium content seamlessly. AMC+ features a range of acclaimed series, making it a compelling value addition for existing and new customers. This offering is part of Verizon's commitment to enhancing customer experience.
Verizon has announced that the new Samsung Galaxy Z series smartphones are available for preorder starting August 11, 2021, at 10 am ET. Customers can receive up to $1,000 off when switching to Verizon using select trade-in and Unlimited plans. The devices are designed for Verizon's 5G Ultra Wideband network, now accessible in cities like Austin, TX, Birmingham, AL, and Gresham, OR. Preorders for the Galaxy Z Fold3 5G start at $59.99/month and the Galaxy Z Flip3 5G starts at $33.33/month, with full availability on August 27.
Verizon Expands 5G Services: Verizon Communications has announced the rollout of its 5G Ultra Wideband and 5G Home services in several U.S. cities, including Austin, TX; Gresham, OR; Albuquerque, NM; Little Rock, AR; Nashville, TN; and Birmingham, AL. With these additions, 5G Ultra Wideband is now available in parts of 78 cities and 5G Home in parts of 52 cities. The 5G Home service offers download speeds up to 1 Gbps for $50/month for qualifying customers. This expansion is expected to enhance customer experience and support remote work and streaming.
Verizon Business has launched new features in BlueJeans Telehealth, enhancing virtual healthcare appointments. The Televisit Tile and integration with the Apple Health app allow patients to securely share health data with providers during telehealth sessions. Key health metrics like heart rate and sleep can now be shared to facilitate informed discussions. This advancement responds to a significant rise in telehealth demand, with utilization 38 times higher than pre-pandemic levels, as reported by McKinsey & Company.
Verizon Innovative Learning HQ launches on August 23, offering free access to next-gen educational tools using augmented and virtual reality. The program expands its reach to 511 Title I schools, nearly doubling the number of participating institutions.
The new 5G Verizon Innovative Learning Lab in Miami and 40 additional labs aim to enhance STEM education. Under the Verizon Community Forward initiative, the company plans to provide digital skills training to under-resourced communities. Verizon intends to invest over $3 billion in digital inclusion efforts from 2020 to 2025.
Verizon Communications (NYSE: VZ) announced that Matt Ellis, the CFO, will speak at the Oppenheimer 24th Annual Technology, Internet & Communications Conference on August 9, 2021, at 12:25 p.m. ET. The event will be webcast, and access details are available on Verizon's Investor Relations website.
Verizon, a leader in technology and communications, generated $128.3 billion in revenue in 2020. The company provides various services, including data, video, and voice solutions, ensuring reliable connectivity for its customers worldwide.
Verizon has expanded its 5G Edge capabilities by enabling developers to build and deploy applications in Chicago, Houston, and Phoenix. This real-time cloud computing platform, in collaboration with AWS Wavelength, aims to reduce latency for applications like immersive VR gaming and autonomous vehicles. Morehouse College is leveraging this technology for virtual campus tours and remote learning, enhancing student engagement with low-latency experiences. Verizon now supports 5G Edge in 13 major U.S. cities, planning further expansion.
Verizon Business has expanded its 5G Business Internet services to five new cities—Gresham, OR; Albuquerque, NM; Austin, TX; Little Rock, AR; and Nashville, TN—bringing total availability to 47 cities.
Customers can enjoy BlueJeans Meetings and Verizon OneTalk services at no additional cost. The company will continue to deploy its C-Band spectrum assets, enhancing fixed-wireless services. Customers benefit from professional installation, unlimited data, and fast deployment without needing infrastructure digging.
Verizon, Parrot, and Skyward have partnered to introduce the Parrot ANAFI Ai, the first 4G LTE connected drone in the US market. This drone, exclusively available to Skyward subscribers without extra charges, enhances aerial data management with features like automated access to controlled airspace, real-time data transfer, and advanced obstacle avoidance. With a 48 MP camera and 32 minutes of flight time, it supports complex tasks in various sectors. The launch is planned for the second half of 2021, marking a significant milestone in drone technology.
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