Welcome to our dedicated page for Verizon Comms news (Ticker: VZ), a resource for investors and traders seeking the latest updates and insights on Verizon Comms stock.
Verizon Communications Inc. reports developments across its telecommunications business, including wireless service performance, broadband connectivity, enterprise services and network technology. Company updates commonly address postpaid phone activity, customer economics, cash flow, guidance, investor conference appearances and capital markets actions involving outstanding Verizon and subsidiary notes.
News also covers Verizon's network resilience and public-safety capabilities, including Digital Twin damage modeling, satellite-enabled disaster connectivity, private 5G, fixed wireless access and broadcast solutions. Partnership and sponsorship updates describe how Verizon uses 5G, fiber and venue network design to support connected experiences for customers, businesses, broadcasters and large events.
Valentine's Day promotions are live at Verizon, offering substantial discounts and deals on a variety of tech products. Customers can enjoy a buy one, gift one promotion on select 5G smartphones when activating a new line on select plans. Notable offers include:
- $400 for switching two lines
- Discounts on smartwatches and gaming accessories
- 35% off on Bang & Olufsen products
Verizon reported a revenue of $136.8 billion in 2022, solidifying its position as a leading provider of technology and communication services. These promotions aim to enhance customer engagement during the Valentine's season.
Verizon Communications reported strong fourth-quarter and full-year 2022 results, demonstrating robust performance in wireless service revenue and broadband additions. In Q4, the company achieved earnings per share (EPS) of $1.56, a significant rise from $1.11 in Q4 2021. Full-year 2022 EPS stood at $5.06, down from $5.32 in 2021. Total operating revenue increased to $136.8 billion for the year, reflecting a 2.4% growth. Notably, wireless service revenue rose by 5.9% year-over-year, fueled by strong postpaid net additions, with 1.43 million retail postpaid additions in Q4 alone. Looking ahead, Verizon forecasts 2023 wireless service revenue growth of 2.5% to 4.5%.
Verizon announced an exclusive offer for new Home Internet customers starting January 26, providing up to 12 months of Walmart+ membership, valued at $155 annually. This initiative aims to encourage customers to switch from cable by adding significant savings on household expenses through Walmart's services. Benefits include free delivery, fuel discounts, and a Paramount+ subscription. Verizon's Home Internet plans begin at $25 per month, with no extra fees or data caps. The campaign underscores Verizon's commitment to enhancing customer value and engagement through strategic partnerships.
Verizon Communications Inc. (NYSE: VZ) is set to announce its fourth-quarter 2022 earnings on January 24, 2023. The webcast presentation, starting at 8:30 a.m. Eastern Time, will provide insights into the company's performance. Access to materials, including a detailed earnings release and financial tables, will begin at 7:00 a.m. on Verizon's Investor Relations website. In 2021, the company reported revenues of $133.6 billion, showcasing its strong position as a leading provider of technology and communications services globally. Verizon focuses on meeting the demand for mobility, network reliability, and security.
Verizon and Centech, in partnership with Bell Canada, launched the 5G Development Hub to empower startups in harnessing 5G and Mobile Edge Computing (MEC). Initiated in May 2022, this program selected seven startups to develop innovative solutions across various sectors, such as manufacturing and energy. Each startup collaborated with Verizon's network experts and tested their technologies on Bell's 5G network. Notable participants include Kognitiv Spark and Haply Robotics, which leveraged 5G for enhanced performance and near-real-time control. The initiative aims to foster innovation and growth in Canada’s startup ecosystem.
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Verizon has upgraded cell sites in Silver Valley, Idaho, enhancing network capacity and reducing latency. This upgrade doubles the data processing capabilities of local cell sites, allowing more customers to connect simultaneously. It also prepares the infrastructure for future cell sites in the area. Despite challenging weather conditions, engineers successfully deployed fiber cables, significantly improving network reliability and speed. The company emphasizes its commitment to providing advanced technology and maintaining service quality in extreme weather. Verizon generated $133.6 billion in revenue in 2021, highlighting its position as a leading technology and communications provider.
Verizon Mobile for Microsoft Teams has launched, integrating mobile devices with Microsoft Teams for seamless calling and collaboration. This service enables Teams Phone Mobile users to make and receive external calls using a single Verizon-provided business number. The solution aims to support hybrid work environments by providing features like single number simplicity, superior call quality, and seamless call transfers. Verizon positions itself as the first operator in the U.S. to offer this service, enhancing workforce mobilization and offering cost-effective communication solutions.
On January 12, 2023, Verizon announced four new long-term renewable energy purchase agreements (REPAs) totaling up to 410 megawatts (MW), pushing its total renewable energy capacity beyond 3.0 gigawatts (GW). These agreements contribute to Verizon's goal of sourcing 50% of its electricity consumption from renewable sources by 2025. The company has signed 24 REPAs since 2019, equating to approximately 8.4 million megawatt hours (MWh) of annual electricity production, enough to power over 707,000 homes. Verizon aims for net-zero operational emissions by 2035.
Verizon Business has launched a suite of digital engagement capabilities for its Virtual Contact Center (VCC), aiming to enhance the entire digital customer journey. This new framework includes solutions like VCC SmartAssist, VCC Guide, VCC Expert, and VCC Enlighten XO. These tools are designed to facilitate seamless customer interactions, offering self-service and AI-driven assistance. The vendor-agnostic solutions can be integrated with existing contact center systems, providing organizations with the flexibility to enhance customer experience across various digital channels.