Verizon Comms Stock Price, News & Analysis

Verizon has donated $25,000 to Hopelink in response to a major storm that caused power outages throughout Washington. The funding will provide food assistance to communities affected by the severe weather event in the Pacific Northwest. Hopelink's food program offers fresh and healthy food at no cost to households, particularly important now as extended power outages have caused food spoilage for many families. The donation aims to support families experiencing poverty and food insecurity in King County, Washington, who have been severely impacted by the recent bomb cyclone.

Verizon successfully conducted a trial in Boston demonstrating the transportation of 1.6 terabits per second of data across a single wavelength on its live metro fiber network using Ciena's WaveLogic 6 Extreme coherent optical solution. This advancement enables faster and farther data transmission while improving reliability and energy efficiency. The upgrade positions Verizon's network to better handle AI workloads, particularly for Generative AI applications requiring real-time analysis of billions of data points. The company's multi-year network transformation includes cloud-native architecture deployment, high-performing spectrum implementation, and fiber infrastructure capacity expansion.

Verizon Communications (NYSE, NASDAQ: VZ) announced the accepted amounts and pricing terms for its tender offers covering six series of debt securities. The company will settle all validly tendered securities accepted for purchase on November 26, 2024. The tender offers include various notes due between 2025 and 2026, with Total Consideration ranging from $963.47 to $1,012.50 per $1,000 principal amount. The Extended Early Participation Date and Expiration Date is set for December 9, 2024. Verizon will continue to accept securities for purchase until the Expiration Date as the aggregate Total Consideration has not exceeded the Waterfall Cap.

Verizon (VZ) announced early results for its tender offers to purchase six series of debt securities. As of November 21, 2024, significant portions of various notes were tendered: 38.13% of 3.376% notes due 2025, 42.68% of Floating Rate notes due 2025, 43.98% of 0.850% notes due 2025, 48.63% of 1.450% notes due 2026, 51.26% of Floating Rate notes due 2026, and 43.44% of 2.625% notes due 2026.

The company extended the early participation date to December 9, 2024, which coincides with the offers' expiration date. Settlement for securities tendered by the original early participation date is scheduled for November 26, 2024.

Verizon announces relief measures for customers affected by the Pacific Northwest storm, waiving domestic call/text/data usage charges from Nov. 21-27, 2024, for prepaid and postpaid customers in Washington's King, Skagit and Snohomish counties. The company's prepaid brands are extending service end dates to November 27. Verizon's engineers are focusing on restoring connectivity and maintaining service through refueling operations at sites without commercial power. No action is required from customers as overages will be automatically credited.

Verizon has introduced several GenAI-powered tools to enhance holiday shopping experience. The improved myVerizon app offers a complete retail store experience, with over half of customer accounts using it 2-3 times monthly. The company's Personal Research Assistant reduces call times by 30 seconds, while the Personal Shopper and Problem Solver cuts transaction times by three minutes. Additional services include Express Lockers for same-day device pickup, Pro on the Go for home delivery and setup, and various holiday offers combining tech, streaming services, and brand perks.

Verizon Business has secured a new 5-year agreement with the U.S. Department of Agriculture (USDA), valued at $21 million in the first year. The contract will provide wireless services and service-enabled devices supporting over 60,000 lines of service, with potential for mobile broadband expansion across USDA field offices. The partnership aims to enhance USDA's connectivity capabilities nationwide, supporting its mission in modern agriculture and rural development through improved data management, streamlined operations, and enhanced decision-making capabilities.

Verizon has achieved a significant milestone by deploying the first-ever O-RAN-based Distributed Antenna Systems (DAS) with multi-vendor interoperability at The University of Texas Moody Center and Austin Convention Center. The systems integrate Samsung vDU with Commscope DAS using O-RAN interfaces, demonstrating successful vendor interoperability in a commercial setting. This deployment reduces costs related to power, space, and cooling by eliminating unnecessary RF equipment while improving reliability. Verizon has already deployed over 130,000 O-RAN capable radios in its network, showcasing its commitment to advancing O-RAN technology and fostering innovation in the RAN ecosystem.

Verizon Frontline has announced Dejero as its latest 'Verizon Frontline Verified' partner, joining Panorama Antennas in meeting the program's rigorous standards. Dejero manufactures GateWay network aggregation devices that provide high-quality live video and real-time data transmission over IP networks. The company's products, including the GateWay 211 and GateWay M6E6, support the Verizon Frontline Crisis Response Team in assisting public safety agencies nationwide.

The verification program designates vendors whose products have been thoroughly tested for public safety use on the Verizon network. Dejero's solutions combine various telecommunication networks, including 4G/5G cellular, satellite, and fixed broadband, to create a cloud-managed 'network of networks' for enhanced reliability and coverage.