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 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.
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.
Summary not available.
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.