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 announced a significant investment to enhance connectivity across approximately 80 Bureau of Indian Education (BIE) schools on 64 reservations in 13 states. This initiative aims to provide reliable, high-speed internet and connected devices for thousands of Native American students. The upgrades include transitioning from legacy T1.5 lines to 1Gb connections, improving the overall educational experience. Students are expected to benefit from this improved bandwidth by fall 2022, with the project continuing through 2023.
Verizon received a Sheriff’s Commendation from the Boulder County Sheriff’s Office for its support during the December 2021 Marshall Fire. The Verizon Frontline Response Team provided essential voice and data solutions to public safety agencies, enhancing communications during and after the fire, which damaged over 1,000 homes and burned 6,000 acres. Their support included the deployment of various technologies at no cost, alongside rapid restoration efforts in challenging weather conditions. Verizon remains committed to supporting first responders across the nation.
Verizon Business announced that BlueJeans by Verizon has been named a Top Provider for meeting applications by Metrigy. This recognition reflects BlueJeans’ ability to deliver secure video collaboration experiences for hybrid work. Customers of BlueJeans reported significant benefits, including a 48% increase in revenue, 51% cost savings, and a 41% improvement in productivity. The MetriStar awards were based on customer ratings and measurable business success metrics.
McGraw Hill and Verizon launched the McGraw Hill AR app, enhancing K-12 education through augmented reality (AR) technology. Available free on Apple and Android devices, the app includes standards-aligned lesson plans for teachers, aimed at boosting student engagement and learning retention. Initial activities focus on algebra and geometry for grades 6-12, with 10 math-centric activities planned for fall 2022. The initiative supports educational equity and aims to address post-pandemic learning losses, reflecting a commitment to innovation in education.
Verizon announced plans to enhance Internet connectivity to approximately 80 Bureau of Indian Education (BIE) schools across 64 Indian reservations in 23 states, aiming to support 42,000 Native American students. The upgrade will transition schools from 100MB to 1 Gigabit internet connections, promoting improved educational resources. This initiative aligns with Verizon's Citizen Verizon program focused on digital equity. Infrastructure work is expected to be completed by 2023, allowing students to benefit from increased bandwidth as early as this fall.
Verizon Frontline has welcomed Sheriff Susan Benton (Ret.) to its First Responder Advisory Council (VFRAC) at the 2022 National Sheriffs’ Association conference. Benton, who made history as Florida's first elected female sheriff and has over 35 years of law enforcement experience, aims to enhance communication solutions for sheriffs nationwide. The VFRAC advises Verizon on developing services tailored for public safety, ensuring comprehensive support for first responders. Verizon is a leading provider in technology and communications, generating $133.6 billion in revenue in 2021.
Verizon has launched its new wireless home and business internet services in Madison, Wisconsin, offering residents on unlimited plans home internet for just $25 per month with AutoPay. The service, powered by 5G Ultra Wideband, boasts no extra fees, equipment charges, or data caps. For non-Verizon customers, the price is $50 per month. This initiative aims to provide affordable, reliable broadband options at a time when many are seeking cost-saving measures amidst rising living expenses. Verizon's efforts are backed by local leaders emphasizing the importance of accessible internet.
Verizon has launched its Home Internet and 5G Business Internet services in Shreveport, Louisiana, offering affordable plans. Residential customers on premium unlimited mobile plans can access Home Internet for just $25 per month with AutoPay, while others pay $50. The services promise no hidden fees, annual contracts, or data caps, aiming to deliver reliable, high-speed connectivity. Additionally, 5G Business Internet includes installation, multiple pricing options, unlimited data, and a 10-year price guarantee, supporting local businesses with enhanced internet solutions.
Verizon has introduced Home Internet services in Manchester, NH, priced at $25 per month with AutoPay for customers on premium unlimited plans. Non-Verizon customers can access the service for $50 per month. This offering features no extra fees, contracts, or data caps, leveraging 5G Ultra Wideband technology. Additionally, a 5G Business Internet option is available for local businesses, featuring unlimited data and a 10-year price guarantee. This move expands Verizon's 5G presence and aims to provide affordable connectivity amidst rising living costs.
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