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 has expanded its national Distance Learning Program to provide affordable Internet access for up to 1.7 million students in Oregon and Washington. This initiative, part of a broader program reaching over 38 million students across 40 states, allows public school districts to purchase discounted 4G LTE Internet services and security solutions. Underlining the importance of connectivity during the Covid-19 pandemic, Verizon aims to bridge the digital divide and enhance educational access. The partnership with the Oregon Department of Education is a critical step in ensuring students remain connected to their education.
Verizon and Inseego have launched the Inseego MiFi M2100 5G UW mobile hotspot, designed to provide superior connectivity across Verizon's 5G Ultra Wideband and 4G LTE networks. It supports up to 30 devices with Wi-Fi 6 technology for enhanced data throughput. Retailing at $399.99 or $16.66/month for 24 months, the device features a 3500mAh battery for all-day use and enterprise-grade security. The MiFi M2100 caters to various sectors including telemedicine, gaming, and remote work, promising faster speeds and reliable connections.
Ronan Dunne, executive vice president for Verizon, will speak at the Bank of America Merrill Lynch 2020 Media, Communications & Entertainment Conference on September 9, 2020, at 12:35 p.m. ET. The event will be webcast, and details can be found on Verizon's Investor Relations website. Verizon, formed on June 30, 2000, generated $131.9 billion in revenue in 2019. As a leading provider of technology and communications services, Verizon continues to meet customer demands for mobility and reliable connectivity.
Verizon has unveiled a promotional offer for new customers signing up for select wireless or Fios Internet plans. Eligible customers may receive a free digital copy of Marvel’s Avengers, exclusive Hero Outfit packs, and a year of Disney+. This initiative aims to enhance the gaming experience on Verizon's 5G network. The offer is available from September 4 until October 21 for wireless plans and until October 28 for Fios customers. Verizon's efforts highlight its commitment to providing unique gaming experiences and tapping into the gaming market.
Verizon's network has been recognized as best overall in RootMetrics' 1H 2020 report, winning six of seven categories, including reliability and overall performance. The report is the first to include 5G results, highlighting exceptional speeds on Verizon's 5G Ultra Wideband. Key metrics show a network reliability RootScore of 95.9, leading in speed awards with 41 out of 55 metros. Verizon aims to expand its 5G network this year, reinforcing its position as a top-tier service provider with revenue of $131.9 billion in 2019.
Verizon Communications (NYSE: VZ) declared a quarterly dividend of 62.75 cents per share, marking a 1.25 cent increase from the previous quarter. The dividend will be payable on November 2, 2020, to shareholders on record by October 9, 2020. This announcement signifies Verizon's 14th consecutive year of dividend increases. The company has around 4.1 billion shares outstanding and distributed approximately $5.1 billion in cash dividends in the first half of 2020, reflecting its strong financial position.
Verizon is enhancing the security of its 5G network through innovative technologies and initiatives. Recently, their Network Security engineers successfully conducted trials to address potential security threats, ensuring the network's reliability and resilience. Key advancements include integrating AI/ML for automated decision-making and troubleshooting, developing a Secure Credentialing Management System for connected vehicles, and implementing Machine State Integrity to detect data tampering. Additionally, Verizon released a white paper detailing the security measures across its 5G network, underscoring its commitment to user data protection.
Verizon is pioneering the use of Quantum Key Distribution (QKD) technology in the U.S., recently conducting a successful trial in the Washington D.C. area. This initiative aims to enhance data security against potential cyber threats by utilizing quantum physics to create secure cryptographic keys, which are crucial in protecting communications. The trial involved real-time encrypted video streams between several Verizon locations, showcasing the capability of QKD to detect eavesdroppers. Verizon's advancements position it as a leader in the telecommunications sector's security innovations.
Federal lawsuit filed against Yahoo's founders and successors, including Oath Holdings (Verizon Communications, NYSE: VZ), claims they aided Chinese authorities in the arrest and torture of activist Ning Xianhua. The lawsuit highlights a series of confidential agreements that allegedly allowed the Chinese regime to monitor emails of pro-democracy dissidents. Ning, a survivor of the Tiananmen Square massacre, was subjected to severe abuse after his communications were disclosed. The allegations raise serious questions about corporate complicity in human rights violations.
