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. (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.
Verizon Business has secured an 8-year Enterprise Infrastructure Solutions (EIS) task order from the U.S. Coast Guard worth up to $66 million. The contract involves providing Wi-Fi, phone, data, and other services to the Coast Guard's C5I office.
The scope includes phasing out legacy TDM services and implementing cellular-based POTS replacement for voice communications, along with Contact Center as a Service (CCaaS) with IL-4 security solutions. While the base task order is 12 months, it can extend to eight years.
This adds to Verizon's portfolio of federal contracts, including a $2.67 billion U.S. Navy contract, a $1 billion Pentagon network overhaul, and a $78 million Naval District Washington modernization contract.
Verizon Frontline has announced a significant expansion of its services to the New York State Police, providing 5G connectivity to their fleet through over 1,800 new service lines. The implementation will enable high-speed, low-latency connectivity for various important police equipment including Mobile Data Terminals, GPS applications, radios, wireless printers/scanners, license plate readers, and camera systems.
This technological upgrade aims to enhance operational efficiency and safety for state troopers as they perform their duties across New York. The initiative is part of the police force's modernization efforts to improve crime prevention and response capabilities. Verizon Frontline's advanced network, developed through three decades of partnership with public safety agencies, is specifically designed to meet first responders' unique needs.
Verizon Communications (NYSE, Nasdaq: VZ), which generated revenues of $134.8 billion in 2024, continues to expand its services in public safety and emergency response sectors.
Verizon Connect has launched two advanced fleet management solutions: Extended View Cameras and Driver Vehicle Inspection Report (DVIR). The Extended View Cameras system provides near-360-degree visibility with rear, side, and cargo cameras, enhancing fleet safety and reducing liability. The DVIR solution streamlines vehicle inspections and compliance through the Reveal platform.
The Extended View Cameras feature multi-channel views and help reduce collision risks, protect against false claims, and monitor cargo damage. The DVIR system offers customizable inspection reports, photo documentation capabilities, real-time alerts, and third-party maintenance provider integration.
The Extended View Cameras are available in the U.S., while DVIR is available in both U.S. and Canada. These innovations aim to improve operational efficiency, enhance safety, and ensure regulatory compliance for fleet managers.
Verizon Business has unveiled Verizon AI Connect, a comprehensive suite of solutions designed to support AI workloads at scale. The strategy addresses the growing demand for network capacity and computational power, particularly focusing on real-time inference processing, which McKinsey projects will represent 60-70% of AI workloads by 2030.
The company is leveraging its existing infrastructure, including 5G networks, fiber connectivity, and edge computing capabilities. Google Cloud and Meta are already utilizing this additional capacity for their AI workloads. Verizon is expanding its AI ecosystem through strategic partnerships with NVIDIA for GPU-based edge platforms, Vultr for GPU-as-a-Service, and collaborations with Google Cloud for network maintenance and Meta for network infrastructure enhancement.
Verizon (VZ) reported strong Q4 2024 and full-year performance with notable customer growth and profitability. The company added nearly 1 million postpaid mobile and broadband subscribers in Q4, marking its best quarterly result in over a decade. Key financial highlights include:
- Full-year 2024 EPS of $4.14 (adjusted $4.59)
- Total operating revenue of $134.8B, up 0.6% YoY
- Q4 wireless service revenue of $20.0B, up 3.1% YoY
- Free cash flow of $19.8B for 2024
The company demonstrated strong operational results with 568,000 postpaid phone net additions in Q4 and 408,000 broadband net additions. Fixed wireless access subscribers grew to nearly 4.6 million. Total broadband connections increased 15% YoY to over 12.3 million. For 2025, Verizon projects wireless service revenue growth of 2.0-2.8% and adjusted EBITDA growth of 2.0-3.5%.
Verizon Frontline has completed a major communications upgrade for the New York City Fire Department (FDNY), replacing their legacy Centrex phone system with a modern VoIP solution. The implementation involved migrating over 2,500 existing Centrex telephone lines to Verizon's One Talk T67 LTE devices, primarily at FDNY Headquarters.
The FDNY, which operates across NYC's 302 square miles with 218 firehouses and 39 EMS stations, has operationally tested the solution at various locations and confirmed its reliability. The new system enables seamless communication between office workers and field personnel across the department's facilities.
This implementation represents a significant partnership between Verizon (NYSE: VZ) and the largest fire department in the United States, completed within a short timeline to ensure continuous emergency service delivery across New York's five boroughs.
Verizon has announced the launch of Samsung's Galaxy S25 series with significant promotional offers. The lineup includes the Galaxy S25 Ultra ($1,299.99), Galaxy S25+ ($999.99), and Galaxy S25 ($799.99), available through Verizon's Device Payment plan over 36 months at 0% APR.
Current and new customers can get a Galaxy S25+ or S25 for free, or $1,000 off the S25 Ultra with eligible trade-in on the Unlimited Ultimate plan. The offer includes a free Galaxy Watch7 or Galaxy Tab S9 FE 5G with required service plans. The phones feature advanced AI capabilities, including Seamless actions across apps, Now Brief, and Satellite SOS emergency messaging.
Business customers can access special offers, including free Galaxy S25+ or S25 with trade-in and Business Unlimited plan. The devices support Verizon's 5G network, offering enhanced upload speeds and improved video-calling experience.
Verizon Communications (NYSE, Nasdaq: VZ) has announced it will release its fourth-quarter 2024 earnings on Friday, January 24, 2025. The company will host a webcast at 8:30 a.m. Eastern Time to present results and provide a business update. Earnings materials will be available at 7:00 a.m. ET on Verizon's Investor Relations website.
The materials will include detailed information on Q4 and full-year results, management's commentary with recording and transcript, earnings news release, and financial tables. The company reported revenues of $134.0 billion in 2023.
UFC and Total Wireless have announced a new marketing partnership for 2025, making Total Wireless the Official Wireless Provider of UFC in the United States. The partnership will feature Total Wireless branding at all UFC Pay Per Views and Fight Nights hosted in the U.S.
The agreement includes prominent brand placement inside the Octagon®, integration into Pay Per View broadcast features including Fighter Walkouts, and collaboration on original content for UFC's digital and social channels that reach over 290 million users worldwide. The partnership also includes an annual Brand Ambassador program featuring UFC athletes.
The partnership will launch at UFC® 311: MAKHACHEV vs. TSARUKYAN 2 on January 18, 2025, at the Intuit Dome in Los Angeles, featuring two championship bouts.
Honeywell (HON) and Verizon have announced a strategic collaboration to launch a bundled managed service solution for retail and logistics companies. The offering combines Honeywell's hardware, software, and services with Verizon's 5G connectivity to streamline retail operations.
The solution, available in early 2025, aims to simplify procurement cycles and enhance business resiliency. Key benefits include simplified procurement through a single point of contact, enhanced 5G connectivity, comprehensive device management, improved operational efficiency, and scalability for businesses of all sizes.
A practical example demonstrates how the bundle can help retailers maintain operations during power outages: a garden center equipped with Honeywell handheld computers, Smart Pay software, and Verizon 5G can continue processing sales even without traditional internet connectivity, preventing revenue loss.
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