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.
Verizon Family Money is a new app and prepaid debit card designed to help parents teach their kids about money management. Available for a 30-day free trial, it empowers children aged 8-17 to save, spend, and earn money while parents maintain control. Key features include a spending account, a savings Vault, and tools for parents to monitor activities and set limits. The service auto-renews at $5.99/month after the trial. Verizon aims to enhance financial literacy for families while expanding its suite of customer services.
Verizon Frontline's Response Team (VRT) supported PATRIOT 21, a National Guard-sponsored training exercise in Wisconsin, aimed at enhancing disaster response coordination. Utilizing over 100 advanced technologies, the VRT established essential communication capabilities for emergency responders during simulated crises, including earthquakes and mass casualty events. In 2020, the VRT responded to over 2,000 incidents, showcasing its expertise in disaster response. This initiative reflects Verizon Public Sector's ongoing commitment to partnership in public safety and defense.
Matt Ellis, CFO of Verizon (NYSE: VZ), will speak at the virtual Credit Suisse Communications Conference on June 15, 2021, at 3:40 p.m. ET. His remarks will be webcast, accessible via Verizon’s Investor Relations website. Verizon, founded on June 30, 2000, is a leading global provider of technology, communications, and entertainment services. In 2020, the company reported revenues of $128.3 billion, offering data, video, and voice solutions across robust networks.
Verizon showcased its 5G technology during the E3 gaming expo, highlighting advancements in mobile edge computing and partnerships with Electronic Arts, Dignitas, Riot Games, and Team Liquid.
They announced a $1 million scholarship aimed at increasing female representation in gaming and STEM, benefiting students at Historically Black Colleges and Universities.
This initiative includes creating tech centers and internship guarantees, further emphasizing Verizon's commitment to diversity and community engagement in advancing the gaming ecosystem.
Verizon is launching a promotion for customers who have received at least one COVID-19 vaccination, offering a 10% discount on accessories. This offer, effective from June 15, 2021, is also available for teachers, nurses, first responders, and military personnel. To redeem, customers must complete a questionnaire and will receive a promo code via SMS within 24 hours. The discount can be combined with other existing accessory promotions for increased savings on popular tech products. The offer is valid until August 15, 2021.
Verizon Business has launched On Site 5G, its first commercially available private 5G network solution in the U.S. This innovation allows large enterprises and public sector clients to establish custom, secure 5G networks at various facilities, enhancing connectivity even in areas lacking public 5G coverage. The solution supports data-intensive applications like IoT and real-time edge compute. Existing On Site LTE customers can seamlessly transition to the 5G network, which combines 5G Ultra Wideband and LTE capabilities for optimal performance.
Verizon Business launched its new Advanced Secure Access Service Edge (SASE) solution, combining SD WAN capabilities with network security services. This unified, cloud-delivered model aims to meet the complex needs of modern enterprises, especially in light of increased online threats and the challenges posed by the COVID-19 pandemic. The solution provides adaptive, end-to-end managed services, allowing businesses to focus on growth while Verizon handles their network security.
Verizon Connect is assisting customers in transitioning from 3G to 4G LTE technology, enhancing vehicle tracking capabilities. KRP Rentals and Trucking, based in Odessa, Texas, upgraded their vehicle tracking systems and reported faster response times and improved accuracy in asset location. The 4G migration enables better data speed, coverage, and tracking features, supporting seamless fleet operations. Verizon Connect offers resources to facilitate this transition, with the sunset of 3G scheduled for December 31, 2022.
Verizon is celebrating Father’s Day with exclusive offers on 5G phones and accessories. Customers can purchase a Samsung Galaxy S21+ 5G and receive a second phone at no cost with select unlimited plans. Verizon also provides up to $600 for switching two lines and includes premium entertainment subscriptions like Disney+, Hulu, and ESPN+ with upgrades to certain plans. The network boasts extensive coverage, now reaching over 230 million people, enhancing data speeds and connectivity with 5G Ultra Wideband.
On June 4, 2021, Verizon's CTO, Kyle Malady, will present at the virtual Wells Fargo Media Telco Day on June 7 at 9:30 a.m. ET. The webcast will be available on Verizon’s Investor Relations website. Verizon, a leader in technology and communications since its formation on June 30, 2000, reported revenues of $128.3 billion in 2020. The company is headquartered in New York City and provides a wide range of services, including data and voice solutions, highlighting its commitment to reliable network connectivity.