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 partnered with local artists Christine Crawford and Alli Dunavant in Greenville, S.C., to create a mural as part of the national #ACallForKindness campaign. This initiative promotes kindness through art, featuring colorful florals that symbolize beauty and happiness. To date, Verizon has completed over 20 murals across various U.S. cities. The campaign encourages community involvement and kindness acts. Interested participants can take the kindness pledge on Verizon's website and share kind acts on social media using the campaign hashtag.
Verizon continues its #ACallForKindness campaign, enhancing community goodwill through its 'Fuel the Love' initiative. On August 17, 2022, in Lawrenceburg, Indiana, nearly 50 customers received complimentary gas, joining cities like Las Vegas and Phoenix in the outreach effort. This initiative is aimed at inspiring kindness and promoting Verizon's services. Consumers can benefit from the new Welcome Unlimited plan, rebates for existing customers, and premium options that bundle popular streaming services. Verizon emphasizes its commitment to community support while enhancing customer engagement.
Verizon Business is partnering with FUJIFILM Holdings to enhance its cybersecurity capabilities globally. Fujifilm will utilize Verizon's Advanced Security Operations Center in Canberra, providing 24/7 monitoring and threat intelligence from Verizon’s Threat Research Advisory Center. This initiative aims to bolster Fujifilm's IT infrastructure while addressing rising cybersecurity threats, particularly ransomware. Verizon, a leader in technology and communications, reported $133.6 billion in revenue for 2021, emphasizing its commitment to support business security in an increasingly digital landscape.
On August 16, 2022, Verizon announced a partnership with Columbus artist Sarah Hout to create a mural promoting kindness in the community, part of its A Call for Kindness campaign. Hout expressed her honor in contributing to the initiative, emphasizing the importance of spreading kindness through art. Verizon has completed over 20 similar murals nationwide, fostering community engagement. The campaign encourages participation through acts of kindness, social media sharing, and community involvement, highlighting Verizon’s commitment to social responsibility.
Verizon and Hi-Rez are enhancing mobile gaming with Verizon 5G Ultra Wideband in the new game Rogue Company Elite. Players can download a high fidelity graphics package rapidly and receive a free weapon wrap through Verizon Up. As the official U.S. telecom partner of Rogue Company, Verizon offers exclusive access to the Rogue Company: Elite Beta for the first 10,000 iOS and 20,000 Android customers. The Beta phase starts on August 18, 2022, for iOS and September 8, 2022, for Android, running until August 31, 2022.
Verizon surprised Tampa residents by providing free gas as part of its Fuel the Love campaign. This initiative aims to alleviate financial strain amid rising inflation by covering gas costs at select stations. The campaign is part of a broader effort, #ACallForKindness, to foster community goodwill. Verizon also promotes its services, including the Welcome Unlimited plan and various credit card incentives. Overall, the company emphasizes its customer value through cost-saving options while engaging with communities in at least 15 cities nationwide.
Verizon is enhancing its spam text and robocall prevention efforts to ensure better communication for users. In 2021, it processed 267 billion text messages and blocked over 11 billion spam texts. New Call Filter enhancements will categorize incoming calls, aiding users in identifying spam. From May to June 2022, Verizon blocked 2.5 billion unwanted calls. The company follows strict industry guidelines, requiring organizations to obtain consent for messages. With a revenue of $133.6 billion in 2021, Verizon remains a leader in technology and communication services.
Verizon's 'Fuel the Love' campaign surprised 25 customers at Snackers Convenience Store in Las Vegas with free gas, part of their #ACallForKindness initiative. This campaign aims to foster kindness through simple acts, with similar events held in cities like Madison and Phoenix. Consumers can benefit from the new Welcome Unlimited plan, rewarding Verizon Visa Card holders with 4% back on gas purchases, and discounts on streaming services. Verizon generated revenues of $133.6 billion in 2021, offering a wide range of technology and communication services.
Verizon announces pre-orders for the new Samsung Galaxy Z Flip4 and Z Fold4 starting August 10, 2022. Customers can save up to $800 with select trade-ins on qualified 5G Unlimited plans. Additionally, switching customers will receive a $200 Verizon eCard after signing up. Pre-ordering the phones also grants a free upgrade to the next storage tier. Both devices utilize 5G Ultra Wideband, enabling fast downloads and immersive experiences. The Galaxy Z Flip4 and Z Fold4 are set to hit stores on August 26, 2022.
Verizon Business has been chosen to manage Astellas Pharma Inc’s global network infrastructure, marking a significant step in Astellas’s digital transformation. This strategic partnership aims to enhance patient outcomes and reduce drug development timelines through advanced network technologies. Astellas, with over 14,000 employees globally and operations in 70+ locations, seeks to build a scalable secure network. This initiative builds on a decade-long relationship between the two companies and supports Astellas's growth vectors by improving connectivity and innovation.
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