Verizon Comms Stock Price, News & Analysis

Verizon and Lockheed Martin collaborate on 5G-enabled drones.

On September 28, 2022, Verizon and Lockheed Martin showcased 5G technology in a demonstration involving 5G-enabled drones for real-time ISR data transfer. This partnership enhances military communications, improving situational awareness and command capabilities. The drones successfully geolocated a target, demonstrating the potential of 5G in military environments. Verizon's low-latency network ensures secure data transfer, supporting the Department of Defense's strategic priorities.

Verizon is providing unlimited talk, text, and data for consumer and small business customers in certain Florida counties affected by Hurricane Ian from September 28 to October 4, 2022. This offer targets customers in counties including Charlotte, Hillsborough, and Lee, among others. The Verizon Frontline Crisis Response Team will also support public safety agencies during the storm at no charge. Customers do not need to take action to access this benefit. The company emphasizes its commitment to assist customers and employees during this critical time.

Verizon has partnered with Yahoo Sports to introduce a weekly recap titled 'Fantasy Flashback: The Week’s Most Reliable Players.' This initiative aims to aid fantasy football participants in making informed decisions by analyzing player performances. The launch coincides with the start of the football season and highlights the importance of reliable connectivity, as a survey shows 90% of fans value a dependable internet during drafts. Verizon, recognized for its technology and communication services, generated $133.6 billion in revenue in 2021.

Verizon Connect Reveal has introduced new enhancements specifically designed for electric vehicles (EVs), aimed at helping fleet managers transition from gasoline to EVs more effectively. Customers in the U.S. and Canada will now have the capability to track both gasoline-powered and EVs in one platform, increasing operational efficiency. Key features include real-time battery levels, charging status updates, and comprehensive reporting tools. This update aligns with the growing demand for EV adoption as businesses seek to optimize fleet management and investment strategies.

As Tropical Storm Ian approaches, Verizon's response team is actively preparing to maintain connectivity for communities and first responders. The company has conducted emergency drills, tested networks, and positioned recovery equipment along the affected coastal areas. With a fleet of over 500 portable assets and robust backup systems, Verizon aims to ensure reliable service during the storm. Additionally, the Verizon Frontline Crisis Response Team is ready to assist public safety agencies. The company emphasizes the importance of business continuity during such emergencies.

Verizon is donating $100,000 to the American Red Cross to assist recovery efforts in Puerto Rico following the devastation caused by Hurricane Fiona. The hurricane resulted in severe flooding and widespread power outages. CEO Hans Vestberg emphasized the company's commitment to support first responders and those affected. Verizon is encouraging customers to contribute via mobile donations to aid ongoing disaster relief initiatives in the region.

Verizon Communications is providing free access to WAPA América and Televisión Dominicana for Fios TV subscribers from September 22 through October 21, 2022. This initiative aims to keep Spanish-speaking customers informed about Hurricane Fiona's aftermath. WAPA América, known for leading ratings in Puerto Rico, and Televisión Dominicana, featuring top-rated Dominican stations, will be available at no extra cost. This move reflects Verizon's commitment to delivering quality content and reliable connectivity during critical times.

Verizon has received an $11.5 million Tranche 2 award from the U.S. Department of Defense to establish a private 5G network at Joint Base Pearl Harbor Hickam. This network aims to enhance operational efficiencies for military personnel by utilizing Verizon's 5G Ultra Wideband capabilities. In partnership with Ericsson, the project focuses on technological advancements, including foreign object detection and other maintenance applications. Verizon's commitment to 5G infrastructure is expected to positively impact military operations.