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 Foundation has announced a $1 million donation to support communities affected by Southern California fires and windstorms. The donation is equally split between the American Red Cross ($500K) and the Los Angeles Fire Department Foundation ($500K).
The American Red Cross funding will support emergency relief efforts in the LA area, while the LAFD Foundation portion will help purchase essential tools and safety equipment for firefighters, including hydration backpacks, wildland brush tools, and emergency fire shelters. The donation aims to provide immediate support for containment efforts and community safety during the ongoing Palisades Fire.
Verizon (VZ) has been named a Leader in Gartner's first-ever Magic Quadrant for 4G and 5G Private Mobile Network Services, standing as the only U.S.-based mobile carrier in the Leaders Quadrant. The recognition is based on Verizon's Ability to Execute and Completeness of Vision in the private mobile network services market.
The evaluation criteria heavily weighted customer experience, sales execution/pricing, and product/service capabilities for Ability to Execute, while market understanding, innovation, and offering strategy were key factors for Completeness of Vision. Gartner defines PMN services as private wireless network deployment, operation, and management services for exclusive organizational use, providing dedicated connectivity in enterprise settings.
Verizon (NYSE: VZ) announces relief measures for customers affected by Southern California wildfires and windstorms. The company is waiving domestic call, text, and data usage charges from January 9-18, 2025, for both prepaid and postpaid customers in six affected counties: Los Angeles, Orange, Riverside, San Bernardino, San Diego, and Ventura.
For prepaid customers using Verizon's subsidiary brands (Straight Talk, Tracfone, Total Wireless, Simple Mobile, Walmart Family Mobile, Net10, GoSmart, and Page Plus), service end dates are being extended to January 18, 2025. The company is also deploying portable generators to address service interruptions caused by wildfire conditions and Public Safety Power Shutoffs in the Los Angeles area.
The relief applies automatically to consumer and small business customers with 50 lines or less, with no action required from customers. Those whose billing cycles have already closed will receive automatic credits.
Verizon has announced its response to multiple wildfires in Southern California, including the Palisades, Eaton, Hurst, and Woodley fires. The company is offering unlimited call/text/data services to customers in the hardest-hit areas and has deployed free Wi-Fi and charging stations at three community locations.
The company's network infrastructure includes backup power solutions and redundancy measures across critical sites. Verizon maintains a fleet of over 550 mobile assets and nearly 300 satellite-based assets ready for rapid deployment. The Verizon Frontline Crisis Response Team provided support to fire response operations, delivering nearly 2,000 solutions to fire camps across 14 states in 2024. The team responded to more than 1,500 requests from nearly 850 different agencies in 46 states throughout the year.
Verizon has achieved a breakthrough in mobile technology, reaching 5.5 Gbps download speeds in collaboration with Samsung Electronics and MediaTek. This achievement was made possible through carrier aggregation technology, combining six separate channels of sub 6 GHz spectrum for enhanced data transmission efficiency.
The advancement comes in response to evolving customer needs, as mobile data traffic is projected to increase more than fourfold by 2030, exceeding 5,400 exabytes. The speed achievement demonstrates Verizon's capability to support emerging trends in mobile consumption, including video calls replacing traditional voice calls, streaming entertainment, cloud gaming, and 5G private networks for factory operations.
To put the speed in perspective, 5.5 Gbps allows downloading 266 Taylor Swift albums per minute or streaming 3,056 Hulu episodes per hour.
Verizon Business has been selected by the U.S. Air Force to implement 5G and 4G LTE network enhancements across 35 Air Force installations throughout the United States. This marks Verizon's 7th successful OTL (Offer to Lease) win out of 8 attempts, expanding their services to over 85% of U.S. Air Force Bases.
The network upgrades will include C-Band carrier additions, new macro builds, and small cells across bases in 25 states. These improvements will deliver higher speeds, increased bandwidth, and lower latency for base personnel and surrounding communities. The project builds on Verizon's previous OTL wins in 2019, 2021, and 2023, bringing their total coverage to 72 Air Force bases.
The implementation will support critical military applications including flight line test equipment, animated simulation and training, telemedicine with high-definition video capabilities, and AI-powered biometric identification.
Verizon (VZ) has announced its first-ever 'Super Bowl FanFest,' a nationwide celebration across 30 NFL markets on Super Bowl LIX Sunday. Verizon customers can bring guests to enjoy free activities including on-field stadium access, meet-and-greets with NFL legends, local entertainment, and exclusive merchandise.
The events will feature local food vendors, interactive games, and family activities. Notable locations include MetLife, SoFi, and Nissan Stadium, with appearances from football legends like Tiki Barber and Emmanuel Sanders. The FanFests will take place on Sunday, February 9, starting at 4pm ET / 1pm PT.
As the Official 5G Network of the NFL, Verizon will also host additional events in New Orleans for Super Bowl LIX. Throughout the NFL season, Verizon has provided over 5,000 tickets to NFL games and unique experiences to customers.
Verizon (VZ) has announced its first-ever 'Super Bowl FanFest', a nationwide celebration across 30 NFL markets on Super Bowl LIX Sunday. Verizon customers and their guests will enjoy free access to stadium experiences, including on-field activities at iconic venues like MetLife and SoFi Stadium.
The event features meet-and-greets with NFL legends such as Tiki Barber and Emmanuel Sanders, local entertainment including team cheerleaders and live bands, interactive family activities, and food from local chefs. The FanFests will take place on February 9, starting at 4pm ET / 1pm PT.
As the Official 5G Network of the NFL, Verizon will also host additional events in New Orleans for Super Bowl LIX. The company, which generated revenues of $134.0 billion in 2023, continues to leverage its sponsorships and partnerships to provide exclusive experiences for customers.
Verizon Communications (VZ) has announced it will report its fourth-quarter 2024 earnings on Friday, January 24, 2025. The company will host a webcast presentation at 8:30 a.m. Eastern Time, with earnings materials 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, an earnings news release, and financial tables. The company, headquartered in New York City, generated revenues of $134.0 billion in 2023 and serves millions of customers worldwide, including nearly all Fortune 500 companies.
Verizon Frontline will showcase advanced communications solutions at the 20th annual EDGE conference (EDGE25) from January 5-7, 2025. The event's keynote will be jointly delivered by Verizon Business and U.S. Secret Service representatives. During the conference, Verizon will demonstrate several innovative solutions including a new Unmanned Aerial Systems trailer, Tactical Awareness Kit capabilities, and the Rapid Response Connectivity Unit (RRCU).
The RRCU is a portable asset offering 5G, 4G LTE, and Wi-Fi connectivity with satellite backhaul capabilities, supporting up to 120 users. This marks Verizon's 15th consecutive keynote at EDGE, which is exclusively open to senior professionals from government agencies and NATO partner nations. The company reported revenues of $134.0 billion in 2023.
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