Verizon Communications - VZ STOCK NEWS

Verizon Business and Cisco have partnered to enhance fan safety and experience at sports venues through innovative technology solutions. By integrating Verizon's 5G network and 5G Edge, they aim to provide improved crowd management and contactless access for attendees. Key features include analytics for wait times, crowd density monitoring, and enhanced social distancing measures. This collaboration is designed to bring a digital infrastructure to stadiums, addressing health concerns while transforming the in-person entertainment experience.

Verizon has partnered with the Clinton Global Initiative University to support college students in developing innovative technology solutions to social and environmental challenges. This initiative will provide specialized curriculum, mentorship, and access to experts, particularly focusing on Historically Black Colleges and Universities and other minority-serving institutions. A technology development competition will be launched to help students create sustainable solutions. This partnership is part of Verizon's broader Citizen Verizon initiative aimed at enhancing social impact.

Verizon Push-to-Talk Responder is a new, mission-critical solution aimed at enhancing communication among first responders across various agencies.

Launched on October 6, 2020, this interoperable system allows users to share data and voice communications efficiently, with future plans for video integration.

Designed for seamless interaction, it builds on existing Land Mobile Radio networks, improving response times and situational assessments. With global standards and advanced LTE features, it promises rapid, reliable communication during emergencies.

Verizon has partnered with the New Jersey Devils and Prudential Center to introduce 5G technology, making it the first indoor arena in New Jersey to offer 5G speeds. The multi-year agreement enables enhanced fan experiences during 175 live events each year. Verizon will also establish a 5G Gaming Center within Dignitas’ East Coast Studio. This initiative follows Verizon's earlier announcement as the NHL’s Official 5G and Wireless Services Partner. The deployment of 5G promises high bandwidth and low latency for fans and offers exclusive benefits for Verizon Up members attending events.

Verizon Business has released its 2020 Payment Security Report, highlighting a significant decline in payment security compliance among global organizations. Only 27.9% maintained full compliance with the Payment Card Industry Data Security Standard (PCI DSS), marking a 27.5 percentage point drop since 2016. The report attributes this decline to a lack of long-term security strategies and executive commitment. It emphasizes the increasing vulnerabilities as businesses transition to electronic payments, revealing that 99% of retail security incidents target payment data.

Verizon has announced the acceptance of amounts and pricing terms for two separate transactions to exchange various series of outstanding notes. The first transaction involves the exchange of seven short-dated notes maturing between 2021 and 2024 for newly issued notes due in 2030. The second transaction includes exchanging ten long-dated notes maturing from 2037 to 2055 for new notes due in 2056. The exchange offers will expire on October 26, 2020. As of the early participation date, all conditions were satisfied, allowing for settlement of accepted old notes on October 6, 2020.

Verizon Communications announced on October 5, 2020, the early participation results of its exchange offers for outstanding notes, effective as of October 2, 2020. The company has upsized the maximum aggregate principal amount of new notes to be issued. The exchange involves two transactions: Short-Dated notes maturing from 2021-2024 being exchanged for 2030 maturity notes, and Long-Dated notes maturing from 2037-2055 being exchanged for 2056 maturity notes. All conditions for the exchange offers were met, and settlement for validly tendered notes is expected on October 6, 2020.

Verizon Communications has elected Roxanne S. Austin to its Board of Directors, effective immediately. Austin, CEO of Austin Investment Advisors, brings decades of experience in finance and technology, having served on various boards, including Abbott Laboratories and AbbVie. She is recognized for her leadership in corporate governance, previously holding top positions at Move Networks and DIRECTV. Verizon, a leading technology and communications provider, reported revenues of $131.9 billion in 2019 and continues to strengthen its strategic direction with skilled leadership.

Verizon has announced a $250,000 donation to PFLAG, raising its total support over three years to $750,000. This contribution aligns with the start of LGBTQ+ History Month and is intended to bolster PFLAG's initiatives in creating supportive networks for LGBTQ+ individuals and their families. Verizon’s ongoing collaboration with PFLAG supports chapter development and outreach, particularly through programs like PFLAG Connects. The partnership aims to enhance the organization’s infrastructure and expand its reach across over 400 chapters nationwide.