Verizon Communications - VZ STOCK NEWS

Verizon is offering relief to customers in Florida affected by Hurricane Milton. From Oct. 9th to Oct. 23rd, 2024, the company will waive domestic call, text, and data usage for postpaid consumer and Verizon Small Business customers in 32 specified Florida counties. This offer is automatic, requiring no action from customers, and any overages will be credited back.

Leigh Anne Lanier, Atlantic South Market President, emphasized Verizon's commitment to supporting customers before, during, and after the storm, recognizing the critical need for connectivity during uncertain times. The relief offer applies to all postpaid consumer and Verizon Small Business customers (with 50 lines or less) in the affected areas.

Verizon has announced a new round of $10,000 grant funding opportunities for small businesses through its Small Business Digital Ready platform. The program offers free access to online courses in English and Spanish, mentorship, coaching, and community events. To be eligible, businesses must register on the platform and complete at least two courses, coaching sessions, or community events between July 1 and December 13, 2024.

The initiative has already reached over 350,000 small businesses nationwide, with 51% being women-owned and 62% Black or Hispanic-owned. Verizon has also introduced a 'Small Business Funding Marketplace' in partnership with Next Street, allowing business owners to search for loan and grant opportunities based on their needs. Additionally, the platform now features 'Learning Paths' to guide users through resources that help achieve specific business goals.

Verizon is preparing for Hurricane Milton's approach to Florida, emphasizing its readiness to maintain connectivity for communities and first responders. The company has implemented a comprehensive response plan, including:

1. A hardened network designed to withstand extreme conditions
2. Preparation of backup systems like batteries and generators
3. Staging of portable network solutions and mobile generators
4. Deployment of the Verizon Frontline Crisis Response Team to support public safety agencies

Verizon also offers tips for businesses and residents to prepare for the hurricane, such as updating contact information, testing backup networks, and stocking up on power supplies. The company encourages customers to utilize satellite communication features on compatible devices and to stay informed through Verizon's Online Emergency Resource Center.

Verizon (NYSE, Nasdaq: VZ) plans to expand its Fios high-speed broadband service to over 3,000 underserved addresses in Jamestown and Westerly, Rhode Island. This expansion, in partnership with the Rhode Island Commerce , includes $3.6 million in funding from the American Rescue Plan Act (ARPA). The project will deploy more than 54 miles of fiber, offering plans with speeds of at least 300 Mbps starting at $35 per month when bundled with a Verizon mobile plan. Select areas will have access to Fios 2 Gig plans for $84.99 per month. Construction is expected to be completed by the end of 2026, bringing reliable internet service to power how residents work, live, and play in underserved parts of the state.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report its third-quarter 2024 earnings on Tuesday, October 22. The company will release detailed information, including management commentary, earnings news release, and financial tables, at 7:00 a.m. ET on its Investor Relations website. Additionally, Verizon will host a live sell side analyst meeting at 9:00 a.m. ET on the same day, where CEO Hans Vestberg and senior leadership will discuss Q3 results, provide a strategic broadband update, and hold a Q&A session with analysts. Access instructions and presentation materials will be available on Verizon's Investor Relations website. In 2023, Verizon generated revenues of $134.0 billion, serving millions of customers worldwide and nearly all Fortune 500 companies.

Verizon Communications (NYSE, Nasdaq: VZ) has appointed Santiago "Yago" Tenorio as Chief Technology Officer and SVP of Strategy and Technology Enablement. Tenorio, with over 25 years of experience in the wireless industry, will report to Joe Russo, Executive VP & President of Global Network and Technology. His role will focus on advancing 5G use cases, partnering for new technology advancements, and mapping out future technologies for Verizon customers.

Tenorio's background includes significant achievements at Vodafone, where he led high-performance teams and was recognized for his expertise in Open RAN, Cloud Networking, and Network APIs. He previously served as CTO for Vodafone Ireland and Chief Network Officer in the UK, successfully managing network coverage for the 2012 London Olympics. Tenorio was recently elected Fellow of the Royal Academy of Engineering in the UK, a prestigious honor in the engineering field.

Verizon is donating $325,000 to support communities affected by Hurricane Helene. The funding will aid local organizations in Florida, Georgia, North Carolina, and South Carolina. Contributions include $100,000 to United Way of North Carolina, $50,000 to Central Carolina Community Foundation, and various amounts to other regional organizations.

Verizon is also waiving postpaid domestic call/text/data usage for customers in affected areas from Sept. 26 - Oct. 5 for Florida and Georgia, and Sept. 28 - Oct. 5 for North and South Carolina. The company is working to restore network connectivity, deploying temporary mobile assets, and conducting refueling operations to maintain service.

Verizon's Atlantic South Market President, Leigh Anne Lanier, emphasized the company's commitment to supporting those affected by the hurricane and aiding in their recovery efforts.

Verizon is launching the Verizon Access Concert Series, featuring exclusive live performances by Becky G and Xavi for Verizon customers this fall. The series aims to bring customers closer to their favorite artists through unparalleled experiences. Xavi will perform at 713 Music Hall in Houston on October 25, while Becky G will take the stage at The Fillmore in Miami on November 12.

Verizon customers can obtain free tickets through various methods, including the Verizon Access program via the myVerizon app, in-store sweepstakes at select Verizon stores, and social media giveaways. The ticket drop for Xavi's performance begins on October 3, and for Becky G on October 11. This initiative is part of Verizon's effort to provide customers with exclusive access to events, pre-sales, and tickets to concerts and music festivals.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Vertical Bridge have announced a $3.3 billion tower transaction. Vertical Bridge will obtain exclusive rights to lease, operate, and manage 6,339 wireless communications towers across all 50 states and Washington, D.C. from Verizon subsidiaries. The deal includes:

- A prepaid lease with upfront proceeds of approximately $2.8 billion in cash
- A 10-year leaseback agreement for Verizon to use tower capacity
- Options to extend the lease term up to 50 years
- Access for Verizon to additional tower space for future use

This agreement aims to help Verizon reduce tower-related costs and increase vendor diversity. The transaction is expected to close by the end of 2024, subject to customary closing conditions.