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 Visa Card holders can now redeem rewards for purchases beyond Verizon, including gift cards, flights, and hotel bookings. Card holders earn 2% in Verizon Dollars on Auto Pay bill payments and can enjoy two free days of TravelPass annually. The card offers 4% on groceries and 3% on dining, with no earning limits. New card members can receive up to $100 in credit applied to their wireless bill within 24 months. The initiative is part of a partnership with cxLoyalty to enhance customer experiences in travel and gift card redemptions.
Verizon Frontline has deployed advanced communication technology to 10 locations in Colorado to assist first responders tackling wildfires. This initiative includes support for the Muddy Slide, West, and Sylvan fires, facilitated by the Verizon Response Team (VRT). The deployment features Satellite Pico-cells and various devices such as routers and smartphones to ensure reliable voice and data services in remote areas. This action highlights Verizon's commitment to public safety and its ongoing partnership with emergency services, utilizing nearly three decades of experience in developing tailored solutions.
On June 25, 2021, Verizon Communications Inc. (NYSE: VZ) announced the election of Laxman Narasimhan to its Board of Directors effective July 1, 2021. Narasimhan, CEO of Reckitt Benckiser, brings significant expertise in consumer services and global operations. His addition will expand Verizon's board to ten members, nine of whom are independent. The company aims to leverage his experience as it accelerates 5G adoption and expands its business. Verizon reported revenues of $128.3 billion in 2020, positioning itself as a leading provider of technology and communication services.
Skyward, a Verizon company, has signed a Memorandum of Agreement (MOA) with the FAA to test cellular-connected drones. The agreement focuses on using cellular communication networks for command and control (C2) within the National Airspace System, particularly for complex operations like beyond visual line of sight (BVLOS). Over the three-year term, both parties aim to develop standards for drone operations utilizing Verizon's reliable 4G LTE network to improve safety and operational capability. This collaboration builds on previous FAA partnerships and is aimed at enhancing drone technology and regulatory frameworks.
Verizon Frontline technology was deployed for public safety operations during a concert in Newnan, Ga., supporting victims of an EF-4 tornado. The Verizon Response Team (VRT) utilized advanced network solutions to ensure safety at the event, which is expected to attract 18,000 attendees. Verizon Frontline, developed for first responders, provides critical communication support, including portable cell sites and WiFi. This effort exemplifies Verizon's commitment to public safety and community support, following their previous response to the tornado disaster.
Verizon Business has launched the 5G Immersive Retail Accelerator program with Digital Catapult and leading brands like Burberry, Diageo, and L’Oréal UK & Ireland. This unique initiative aims to harness 5G technology to tackle real-world retail challenges, focusing on enhancing customer experiences through innovative solutions. Start-ups and scale-ups in the immersive and retail sectors are invited to participate, gaining access to 5G capabilities and industry insights. The program will culminate in a showcase of new concepts over approximately 10 months.
Verizon's Preparedness for Wildfire Season
IRVINE, Calif., June 23, 2021 – As experts predict another extreme wildfire season, Verizon details its extensive preparations to ensure network reliability. The company has backup generators at most cell sites and has implemented redundant systems to maintain operations during power outages. Verizon Frontline provides essential support to first responders at no cost. Enhanced strategies include pre-arranged fuel deliveries, mobile communication centers, and improved response capabilities with drones. Verizon emphasizes year-round readiness to keep customers connected during emergencies.
Kentucky has been named the kindest state in America, according to new research conducted by Verizon in partnership with Kindness.org. The study surveyed thousands of individuals across all 50 states to assess acts of kindness. Key findings indicate that the average American is willing to sacrifice $6.40 to ensure a stranger receives $10. Kentucky topped the list, followed by New Mexico and Oklahoma. Verizon's campaign, "A Call for Kindness," promotes various acts of kindness through community involvement and partnerships. For more details, visit verizon.com/kindness.
Verizon announced the acquisition of Senion, a leader in location-responsive solutions, on June 21, 2021. This strategic move enhances Verizon’s location technology offerings, particularly in indoor positioning and navigation. Senion’s advanced machine-learning sensor fusion technology provides sub-meter accuracy, improving indoor wayfinding and analytics.
The acquisition is expected to leverage Verizon’s 5G capabilities, enhancing the integration of sensor fusion technology with location services and streamlining workflows for enterprises.
Verizon Public Sector has been awarded a contract by the Department of Defense to provide next-generation, secure networking services for its High Performance Computing Modernization Program (HPCMP) and Defense Research and Engineering Network (DREN). This setup aims to enhance supercomputing capabilities and facilitate collaboration among researchers across 200 RDT&E laboratories. The network will support high speeds of up to 400Gbps, promoting advancements in AI, climate change research, and autonomous defense systems.