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.
BASKING RIDGE, N.J., Oct. 01, 2020 – BlueJeans by Verizon has gained traction in the healthcare sector, with institutions like the University of Louisville adopting its video conferencing platform. This growth aligns with a projected 64.3% surge in telehealth demand in 2020 due to the COVID-19 pandemic. BlueJeans enables secure, HIPAA-compliant telehealth services, facilitating remote consultations and internal collaborations. System integrations with Epic enhance user experience, while healthcare entities report improved patient outcomes and operational efficiency.
Verizon has launched the Contact Center Hub, a cloud-based solution designed for small and medium businesses (SMBs). This service enables businesses to efficiently set up contact centers, expand customer engagement, and provide 24/7 support within 24 hours. The platform supports a flexible workforce and integrates with over 60 CRMs. Verizon's initiative aims to assist SMBs in improving customer interaction during challenging times, presenting a cost-effective solution for enhancing customer experience.
Verizon Fios expands its offerings for Spanish-speaking customers by adding over 400 hours of video on-demand content from prominent networks at no extra cost to subscribers of Spanish TV packages. This new content includes programs from RCN Nuestra Tele, Antena 3, HOLA! TV, Sur Peru, and Canal Sur, featuring popular shows like "La Hija del Mariachi" and "Secretos del Paraiso". Verizon aims to enhance customer experience by providing culturally relevant programming that celebrates diversity and the contributions of the Hispanic community.
Verizon has expanded its LTE Home Internet service to parts of 189 markets across 48 states, offering unlimited data and download speeds ranging from 25 Mbps to 50 Mbps. The service costs $40 a month for existing Verizon wireless customers and $60 for non-customers. This expansion aims to enhance connectivity for rural areas, responding to the increased demand for reliable internet services. Verizon's 4G LTE network has been recognized as the most awarded for network quality by J.D. Power for the 25th consecutive time.
Verizon announced that the Google Pixel 5 and Google Pixel 4a 5G UW will be compatible with its 5G Ultra Wideband network. Preorders for Pixel 5 start at $29.16/month with a retail price of $699.99, while the Pixel 4a 5G UW is $24.99/month at $599.99. Both devices boast enhanced camera capabilities and battery life. Consumers can benefit from trade-in promotions of up to $550 with certain plans. General availability for Pixel 5 and Pixel 4a 5G UW begins October 29, 2020.
Verizon is launching the LG Wing, the first 5G swivel smartphone, with preorders starting on October 1, 2020. The innovative device features a 6.8-inch OLED FullVision display that pivots to reveal a 3.9-inch Second Screen, enhancing multitasking capabilities. Pricing starts at $41.66 monthly for 24 months, with various promotional offers, including up to $750 for trade-ins. The phone supports Verizon's 5G Ultra Wideband and Nationwide networks, promising fast downloads and streaming. The device will be available starting October 15, 2020.
Verizon is set to launch preorders for the LG Wing, the world's first 5G swivel smartphone, starting October 1. The device features a unique dual-screen with a 6.8-inch main display that pivots to reveal a 3.9-inch secondary screen, enhancing multitasking capabilities for both entertainment and productivity. Priced at $999.99, Verizon offers several promotional deals including up to $750 off for new line activations. The LG Wing will be available on October 15, supporting Verizon's 5G Ultra Wideband network for fast streaming and downloads.
Verizon is expanding its 5G Home Internet service to Minneapolis and St. Paul, starting October 1. This service is now available in eight cities, offering peak speeds of up to 1 Gbps with new hardware featuring an easy self-setup process using augmented reality. Customers can enjoy promotional offers including Disney+, YouTube TV, and an Amazon Smart Home Bundle. Subscription costs are $50/month for existing Verizon customers and $70/month for others, with no hidden fees or annual contracts.
Yahoo Finance has announced its all-star lineup for the 2020 All Markets Summit, taking place virtually on October 26th at 9AM ET. Treasury Secretary Steven Mnuchin will open the event, featuring prominent speakers including Dr. Anthony Fauci and Bill Gates. The summit will address economic recovery amid COVID-19 and will be hosted by Yahoo Finance's Editor-in-Chief, Andy Serwer. This year marks the largest virtual participation since the Berkshire Hathaway meeting, with Yahoo Finance experiencing a significant increase in user growth for its subscription services and mobile platforms.
Yahoo Finance will host the virtual 'All Markets Summit: Road to Recovery' on October 26, 2020, featuring high-profile speakers including Treasury Secretary Steven Mnuchin and Dr. Anthony Fauci. This event aims to address critical issues like economic recovery amidst COVID-19 and the upcoming presidential election. The summit expects significant viewership growth, building on the success of previous events.
With impressive growth in user engagement, particularly a 273% year-over-year increase in Yahoo Finance Premium subscriptions, the summit showcases Yahoo Finance's commitment to delivering vital insights during these challenging times.
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