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. (VZ) delivers cutting-edge wireless, broadband, and enterprise solutions through America's most reliable network. This news hub provides investors and industry professionals with direct access to official press releases and strategic updates from the telecommunications leader.
Track Verizon's latest 5G deployments, financial results, technology partnerships, and infrastructure investments. Our curated collection features earnings announcements, product launches, and regulatory filings – all essential for understanding the company's market position.
Key updates include network expansion initiatives, enterprise cloud solutions, and advancements in AI-driven connectivity. Bookmark this page for real-time insights into Verizon's operational developments and competitive strategies within the evolving telecom sector.
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.
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.
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