Verizon Comms Stock Price, News & Analysis

Verizon announces the winners of its inaugural 2022 Partner Network Recognition program, honoring partners excelling in six categories. The program acknowledges collaboration, customer service, and innovative solutions. Awardees include Source Inc. for Partner Innovation, Arrow Electronics/Seneca for Social Impact, and Connected Solutions Group for Operational Excellence. Other winners are ConectUS Wireless for Customer Impact, SHI International Corp. for Marketing Excellence, and Connected Solutions Group & Ingram Micro for Business Internet Growth. These winners will receive recognition at the Verizon Channel Partners Summit.

Verizon has entered a five-year partnership with the NFL to provide a Managed Private Wireless Solution for coach-to-coach communications across all 30 U.S. stadiums starting in the 2023 season. This solution, piloted at international NFL games, enhances speed, security, and reliability for critical game communications. Verizon has invested over $100 million in network upgrades around State Farm Stadium for Super Bowl LVII. A promotional 30-second commercial titled “Next Season Starts Now” will air post-game, showcasing this innovative solution. Furthermore, a sweepstakes is ongoing to give away 20 pairs of Super Bowl tickets for three consecutive years.

Verizon Wireless is offering free calls to Turkey from February 6 to 12, 2023, due to the recent devastating earthquake. This initiative allows both consumer and business customers in the United States to connect with loved ones affected by this disaster without incurring long-distance charges. Calls to Turkey will be rated at $0.00 per minute, and customers with international coverage plans can call without depleting their minutes. Additionally, Verizon is waiving international roaming and data charges for those traveling in Turkey during this period. The company aims to support communication efforts during this critical time.

Verizon has announced a multiyear extension of its sponsorship with Will Power and Team Penske, continuing as the primary sponsor for the No. 12 Chevrolet in the NTT INDYCAR SERIES. This partnership, which began in 2009, has seen Power achieve significant milestones, including 41 wins and a record number of pole positions. In 2022, Power secured his second championship after a consistent season. Verizon plans to utilize its 5G Ultra Wideband technology to enhance performance analysis and fan engagement during races. Verizon generated revenues of $136.8 billion in 2022, reflecting its strong position in the technology and communications sector.

Verizon has achieved a remarkable milestone in 5G technology by reaching 1.26 Gbps upload speeds, further enhancing customer experiences for activities like video chats and live streaming. The trials utilized a combination of 20 MHz LTE and 400 MHz mmWave spectrum, demonstrating the company's commitment to optimizing performance across various spectrum bands. With the acquisition of C-band licenses, Verizon now holds a total of 2,035 MHz of spectrum, leading the industry in spectrum efficiency. Customers can anticipate peak download speeds of 2.4 Gbps as additional spectrum becomes available, significantly enhancing service capabilities across over 175 million users.

Verizon's 5G network has been recognized as the most reliable in the nation, according to the latest RootMetrics® State of Mobile Union Report. This marks the fourth consecutive testing period where Verizon ranks highest for its 5G service. Notable achievements include a 31% increase in download speeds and winning 85% of awards in major metro markets. Currently, Verizon's 5G Ultra Wideband service covers over 175 million people, with plans to reach 200 million by March's end. The company's ongoing network enhancements, focused on security and innovation, are aimed at improving customer experiences.

Verizon Enhances Network in Kansas City

Verizon has rolled out significant upgrades in Kansas City, including 5G Ultra Wideband service deployed at 75% of cell sites. This technology promises download speeds of up to one gigabit per second, boosting capacities for data-heavy applications such as mobile gaming and HD streaming. A permanent Distributed Antenna System is being installed at Kansas City International Airport, enhancing connectivity for travelers. Additionally, Verizon is increasing fiber capacity at local cell sites, allowing for ten times more data traffic. These enhancements are aimed at supporting upcoming football events and improving overall user experience.

Verizon has launched an enticing preorder offer for the Samsung Galaxy S23 series, allowing customers to get a Galaxy S23 for free or receive up to $800 off with a trade-in on select 5G Unlimited plans. Customers will also receive a complimentary Galaxy Watch5 and Galaxy Tab S7 FE 5G, along with a $200 Verizon eCard. Preorders begin today, with the devices available in stores from February 17. The Galaxy S23 lineup includes the Ultra, S23+, and S23, featuring impressive photography capabilities and enhanced gaming performance thanks to the Snapdragon 8 Gen 2 Mobile Platform. Accessory discounts are also offered during this limited-time promotion.