Welcome to our dedicated page for Verizon Communications news (Ticker: VZ), a resource for investors and traders seeking the latest updates and insights on Verizon Communications 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 has unveiled the Gizmo Watch 3, designed for children's safety while allowing them to connect and have fun. Available from January 5 for $4.17/month over 24 months, the watch features upgraded capabilities including double the trusted contacts (20), enhanced GPS tracking, and a front-facing camera for video calls. Notably, it incorporates a new processor providing 80% more talk time and 20% more standby time. A limited-time offer includes $100 off a second watch purchase, making it attractive for families.
Hans Vestberg, Chairman and CEO of Verizon (VZ), and Kyle Malady, EVP and President of Global Networks and Technology, will speak at Citi's 2023 Communications, Media & Entertainment Conference on January 4, 2023, at 10 a.m. ET. Their remarks will be webcast, with access instructions available on Verizon’s Investor Relations website.
Verizon, a leading provider of technology and communications services, generated $133.6 billion in revenues in 2021. The company, headquartered in New York City, offers data, video, and voice services on its advanced networks.
Verizon Announces Limited-Time Offer: Starting December 23, 2022, customers can switch to Verizon and receive Welcome Unlimited for just $25 per line per month for four lines with Auto Pay, guaranteed for three years. The plan includes unlimited talk, text, and data on Verizon's 5G Nationwide network. To qualify, customers can bring their current phones and numbers. This promotion emphasizes affordability and retention of existing devices, enhancing customer long-term value.
Verizon continues its tradition of partnering with NORAD for the 20th year to provide a toll-free hotline for children to track Santa Claus on Christmas Eve. This year, the expansion of 5G service now covers over 175 million people, enhancing connectivity for NORAD volunteers to assist callers effectively. An Interactive Voice Response System ensures that children receive updates on Santa's location, even if no volunteer is available. The hotline opens at 6 AM EST on December 24, allowing families to connect and track Santa’s journey.
Verizon has awarded $250,000 in grants to 25 small businesses in southwest Florida, supporting recovery efforts post-Hurricane Ian. The grants aim to assist businesses severely impacted by the storm, which caused damages exceeding $50 billion. Verizon collaborated with local organizations, including Collaboratory and Florida TaxWatch, to implement the $10,000 grant program. This is part of a broader commitment to aid small businesses through resources like the Verizon Small Business Digital Ready initiative, designed to promote digital transformation.
Verizon Communications Inc. (NYSE: VZ) is scheduled to report its fourth-quarter 2022 earnings on January 24, 2023, starting at 8:30 a.m. Eastern Time. Access to the results and financial tables will be provided on Verizon’s Investor Relations website at 7:00 a.m. on the same day. In 2021, Verizon generated revenues of $133.6 billion, emphasizing its position as a leading provider of technology and communications services.
Verizon Business released findings from its 2023 Fleet Technology Trends Report, highlighting how GPS fleet tracking technology helps manage rising costs and enhance customer service. Conducted across 14 countries with over 2,300 respondents, 73% cited rising costs as a key challenge. The technology has enabled 70% of fleet managers in EMEA and 55% in Australia/New Zealand to improve customer service. Additionally, users reported a 46% decrease in fuel consumption and accidents, contributing to a 20% reduction in global labor costs.
Verizon's Frontline Crisis Response Team provided essential communications support to nearly 750 public safety agencies in 2022, aiding in disaster response from winter storms to wildfires. The team, comprised of former first responders, deployed nearly 5,500 devices, including mobile hotspots and satellite solutions. Significant efforts included 187 wildfire deployments across 21 states and 64 hurricane deployments in five states. Verizon Frontline’s assistance also covered search and rescue operations and major public events. The company aims to enhance public safety communications through advanced technology.
Verizon has launched the +play beta, a content hub for subscribers to manage and save on their favorite services.
Customers can receive a free year of Netflix’s Premium plan ($240 savings) with select subscriptions. Available only to Verizon mobile and home internet customers, +play aims to simplify subscription management while providing exclusive offers from partners like NFL+ and AMC+. The platform enhances Verizon's strategy to innovate and provide value through their network, offering a unified experience for entertainment and lifestyle subscriptions.
Verizon Public Sector is collaborating with the Veterans Health Administration to enhance safety and efficiency at the Palo Alto Health Care System using 5G Mobile Edge Compute technologies and drones. The initiative aims to improve situational awareness, emergency response, and infrastructure monitoring, utilizing advanced sensors and aerial perspectives. This partnership represents a significant step in the VA’s innovation journey and may serve as a model for other federal agencies adopting next-generation technologies. Verizon generated $133.6 billion in revenue in 2021.
FAQ
What is the current stock price of Verizon Communications (VZ)?
What is the market cap of Verizon Communications (VZ)?
What services does Verizon Communications Inc. offer?
How significant is Verizon's wireless segment?
Where is Verizon headquartered?
What recent partnerships has Verizon announced?
How does Verizon engage with the community?
What is Verizon's latest smartphone offering?
How did Verizon perform financially in 2023?
What is the focus of Verizon's Citizen Verizon initiative?
What is Verizon's involvement in Festival La Onda?
Which contract has Verizon been selected for by the Department of the Navy?
