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 has partnered with Simon Fuller, the creator of American Idol, to revolutionize storytelling through 5G Ultra Wideband and extended reality (XR). This collaboration aims to develop new entertainment experiences, leveraging Verizon's technological capabilities. The initial project will be a short-form immersive VR video, set to launch early next year. Both companies are focused on enhancing audience engagement via next-gen devices, using advanced technologies including 360 Stereoscopic 3D cameras for superior visual quality.
Verizon and Motorola Solutions have launched Group First Response, a mission-critical push-to-talk solution aimed at enhancing communication for first responders. This service utilizes LTE technology to facilitate voice, text, and video communication across multiple devices, integrating seamlessly with existing land mobile radio (LMR) systems. The platform prioritizes public safety communication with robust features like multimedia messaging and fast setup times. Group First Response aims to improve operational efficiency, situational awareness, and redundancy for public safety agencies.
Verizon Business is enhancing its SD WAN offerings by integrating Silver Peak Unity EdgeConnect as a managed service to provide enterprises with secure WAN connectivity from Edge to Cloud. The acquisition by Aruba enables efficient management of business applications through this platform. Verizon's SD WAN portfolio allows for rapid deployment and advanced cloud control, essential for enterprises focusing on digital transformation. This strategic move reinforces Verizon's leadership in SD WAN solutions, recognized in various market assessments for its innovative services.
Verizon's Chairman and CEO, Hans Vestberg, is set to speak at the virtual UBS Global TMT Conference on December 8, 2020, at 8:25 a.m. ET. The event will be webcast, and details can be found on Verizon’s Investor Relations website.
Celebrating its 20th anniversary, Verizon generated $131.9 billion in revenue in 2019, offering a range of technology and communication services globally. The company is a leader in providing data, video, and voice solutions through its exceptional networks, emphasizing customer mobility and security.
Hans Vestberg, Chairman and CEO of Verizon (NYSE: VZ), will address the virtual UBS Global TMT Conference on December 7 at 10:15 a.m. ET. Attendees can access the webcast via Verizon's Investor Relations site. Celebrating its 20th anniversary, Verizon reported revenues of $131.9 billion in 2019, solidifying its status as a premier provider of technology, communication, and entertainment services. The company is headquartered in New York City and operates globally, focusing on mobility and secure connectivity.
The Board of Directors of Verizon Communications declared a quarterly dividend of 62.75 cents per share, consistent with the previous quarter. This dividend is payable on February 1, 2021, to shareholders of record by January 8, 2021. Verizon has approximately 4.1 billion shares outstanding and paid out $7.6 billion in dividends over the last three quarters. Established in 2000, Verizon generated $131.9 billion in revenues in 2019, providing a variety of technology and communication services globally.
Verizon has successfully protected over 75 million customers from nearly nine billion unwanted calls. The company certified with the FCC that it has implemented STIR/SHAKEN technology to combat caller ID spoofing, ahead of the industry deadline. This technology aims to verify the authenticity of calls, leading to a historic decline in robocalls. The Call Filter app is also available for customers to manage unwanted calls, offering features for spam identification. Verizon generated revenues of $131.9 billion in 2019, marking its position as a leading provider in communications.
Verizon Media launched its new unified identity solution, Verizon Media ConnectID, aimed at revolutionizing digital advertising in a cookie-less world. Supported by nearly 900 million direct consumer relationships and 200 billion daily data signals, this platform enhances ad performance without third-party cookies. Its adoption reportedly resulted in a 33% lift in campaign performance for advertisers. The solution prioritizes consumer privacy while empowering publishers and advertisers to optimize audience engagement.
Verizon Fios has partnered with AT&T SportsNet Pittsburgh to relaunch the regional sports network for Fios customers in Pittsburgh and Harrisburg. This long-term agreement allows fans to watch local teams, including the Pittsburgh Pirates and Penguins. Starting December 1, 2020, the network will be available on specific channel numbers in both regions, including HD options. The partnership aims to enhance viewing options for sports fans and reflects Verizon's commitment to providing diverse entertainment content.
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