Verizon Communications - VZ STOCK NEWS

Verizon Business has unveiled Verizon Business Complete, a comprehensive end-to-end smartphone management solution targeting midsize and enterprise businesses. Available for a predictable monthly fee, the service includes shipping, setup, replacement, and recycling of smartphones, alongside an unlimited wireless plan and 24/7 support. The move aims to address challenges such as the shift towards employer-provided devices, the high cost of device management, and the increased pressure on IT teams. Verizon Business Complete, running on Verizon's reliable 5G network, aims to streamline smartphone management, enabling IT departments to focus on digital transformation. The service is currently available on a basis and will expand later this summer.

Verizon Frontline provided critical communication support to the Sevier County Sheriff's Office and other public safety agencies during the Utah Search and Rescue Conference at Fish Lake. Utilizing a Satellite Picocell on Trailer (SPOT), a Rapid Response Connectivity Unit (RRCU), and other solutions, Verizon ensured connectivity for 450 attendees. Key features of the RRCU include 5G, LEO and MEO satellite options, and a rugged design. This annual event included CPR certifications, drone classes, and interoperability exercises. Sheriff Nathan J. Curtis praised Verizon's contributions for their teamwork and effectiveness. The Verizon Frontline Crisis Response Team offers emergency assistance to government agencies and first responders at no cost, setting up portable cell sites, Wi-Fi hotspots, and more.

Verizon has expanded its network capacity across Alaska, marking its tenth anniversary in the state. The company has added additional spectrum at 89 cell sites, enhancing network capacity by approximately 30 percent. This expansion benefits residents, businesses, and visitors in areas such as Kenai, Soldotna, and Denali Park by providing greater bandwidth and higher data speeds. This effort is part of Verizon's nationwide network transformation, aiming to support more network traffic, deliver better performance, and introduce new products and services. The expansion will also extend the footprint of Verizon's LTE Home Internet service in Alaska.

Verizon Business has been recognized as a Customers' Choice in the 2024 Gartner Peer Insights report for Managed IoT Connectivity Services, Worldwide. This prestigious distinction is based on positive feedback and ratings from 55 verified customers over the last 18 months, ending January 31, 2024. 80% of the reviewers expressed their willingness to recommend Verizon's IoT services. The recognition highlights Verizon's superior execution experience and customer satisfaction in IoT services.

Customer testimonials praised Verizon for its helpful sales, support, and implementation teams, efficient representative responses, and tailored IoT solutions. TJ Fox, SVP and President of Industrial IoT and Automotive at Verizon Business, emphasized the company's commitment to customer success and satisfaction, viewing the accolade as a testament to Verizon's IoT capabilities and customer experience.

Verizon has upgraded its network infrastructure along the Jersey Shore, specifically in Sea Girt, Lavallette, Seaside Park, and Ortley Beach, with further upgrades planned for Brick and Asbury Park. These enhancements aim to handle a significant surge in data usage and improve service reliability for residents, businesses, and first responders. The upgrades feature faster internet connections to support public safety and enhance business operations. According to surveys, these improvements are important for first responders and small businesses, highlighting the need for reliable and high-speed connectivity. Verizon, which generated $134 billion in revenue in 2023, continues to invest in its network to meet the growing digital demands of its customers.

Verizon has enhanced its 5G services in Myrtle Beach and Hilton Head, SC, adding 20 new small cells and boosting 5G capacity to 31 existing sites in Myrtle Beach, and enhancing 8 existing sites with a new 4G/5G cell site in Hilton Head. This expansion aims to improve network performance for beachgoers and residents, supporting activities from social media sharing to remote work.

A survey indicates that 75% of beachgoers use their phones at the beach, with 63% having used them for work. Coverage has been extended to key areas, including Myrtle Beach Airport, Coastal Carolina University, and Palmetto Dunes in Hilton Head.

This initiative is part of Verizon's broader 5G network expansion, reaching over 250 million people and providing advanced services like 5G Business Internet and Verizon Home Internet.

Verizon Communications (NYSE, Nasdaq: VZ) will announce its second-quarter 2024 earnings on July 22. The company will begin its earnings webcast at 8:30 a.m. ET, with presentation materials available online from 7:00 a.m. ET on Verizon's Investor Relations website. Verizon, established in 2000 and headquartered in New York City, is a leading global provider of technology and communications services. In 2023, the company generated $134 billion in revenue, offering data, video, and voice services through its award-winning networks. Further details, including financial tables and earnings commentary, will be included in the webcast.

Verizon and TelevisaUnivision have expanded their partnership to offer new Verizon myPlan and Home Internet customers 12 months of ViX Premium at no extra cost. This offer, starting June 20, provides over $80 in savings and access to 17,000 hours of Spanish-language content, including exclusive soccer coverage such as the CONMEBOL Copa America 2024 and UEFA Euro 2024. Additionally, the partnership includes unique experiences like talent meet-and-greets and ViX Originals screenings for Verizon customers and employees. This collaboration builds on Verizon's efforts to engage the Latino community through various partnerships and services, including international calling plans and recognizing international credit history.

Verizon Connect, a leader in fleet management solutions, has been awarded a Silver Stevie® Award in the transportation category at the 22nd Annual American Business Awards® for 2024. This award is one of three accolades the company has received this year, highlighting its competitive achievements. Verizon Connect was recognized for its innovative solutions in fleet management and asset tracking, including the Video Coaching solution, EV Suitability Tool, and Equipment Asset Tracker. The company aims to digitize services and reduce costs for businesses, with over 220 million driving videos analyzed and 29 patents filed. The company also boasts a marketplace with 40+ integration partners.