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.
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.
Verizon's network outperforms competitors in performance, accessibility, and reliability, as evidenced by RootMetrics' latest tests. In the second half of 2022, Verizon was undefeated in 95% of 125 metro drive tests, securing top marks in 90% for network accessibility and 89% for reliability. The company plans to expand 5G Ultra Wideband coverage in 2023, especially in rural areas, while enhancing capacity through increased C-Band spectrum deployment. Verizon emphasizes continuous innovation and investment to provide a robust network experience, aiming to accommodate the growing demands for advanced technology and customer services.
Verizon Business has opened submissions for the fourth annual BlueJeans by Verizon Customer Awards, aimed at recognizing exceptional video use in enhancing workplace communication. Nominations are open until March 31, 2023, across four categories: Top Workplace Modernization, Biggest Impact, Most Innovative Use Case, and Best Use of BlueJeans Events. Winners will be revealed on Verizon’s Up to Speed video podcast in May 2023. The awards celebrate customers excelling in change management and creative video application using BlueJeans platforms, showcasing the flexibility and innovation in the current work environment.
NORTHAMPTON, MA / ACCESSWIRE / January 26, 2023 / Madrid Neighborhood School in Phoenix has transformed its parent tech classes from a handful of attendees to full classrooms. The Verizon Innovative Learning Lab now engages parents with tools their children use, such as augmented reality, 3D printing, and artificial intelligence. Dr. Tamara Campbell notes that this initiative improves digital literacy while allowing parents to discuss concerns about digital safety. Students also teach parents, enhancing their own skills. The program aims to inspire community growth in tech engagement, fostering a collaborative learning environment.
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.