STOCK TITAN

Verizon Business, TriMet delivering advanced mass transit capabilities to Portland region

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags

Verizon Business has activated over 740 new Fixed Wireless Access (FWA) lines with TriMet, Portland's transit agency. The FWA implementation provides enhanced bandwidth for mission-critical applications, enabling features like mobile wallet fare payments and cloud-based Transit Signal Priority. This technology improves traffic flow efficiency and reduces carbon emissions while maintaining safety. Verizon Business serves as the exclusive critical connectivity provider for TriMet's 533-square-mile service district, supporting bus, light rail, commuter rail, and paratransit services.

Verizon Business ha attivato oltre 740 nuove linee di Accesso Wireless Fisso (FWA) con TriMet, l'agenzia di trasporto di Portland. L'implementazione dell'FWA offre una maggiore larghezza di banda per applicazioni mission-critical, abilitando funzionalità come i pagamenti delle tariffe tramite portafoglio mobile e la Priorità di Segnale di Transito basata su cloud. Questa tecnologia migliora l'efficienza del flusso del traffico e riduce le emissioni di carbonio, mantenendo al contempo la sicurezza. Verizon Business è il fornitore esclusivo di connettività critica per il Distretto di Servizio di TriMet, che si estende per 533 miglia quadrate, supportando i servizi di autobus, metropolitana leggera, ferrovia pendolare e paratransito.

Verizon Business ha activado más de 740 nuevas líneas de Acceso Inalámbrico Fijo (FWA) con TriMet, la agencia de tránsito de Portland. La implementación de FWA proporciona un mayor ancho de banda para aplicaciones críticas, habilitando funciones como los pagos de tarifas con billetera móvil y la Prioridad de Señal de Tránsito basada en la nube. Esta tecnología mejora la eficiencia del flujo de tráfico y reduce las emisiones de carbono manteniendo la seguridad. Verizon Business es el proveedor exclusivo de conectividad crítica para el distrito de servicio de TriMet, que abarca 533 millas cuadradas, apoyando los servicios de autobús, tren ligero, tren de cercanías y paratránsito.

Verizon Business는 포틀랜드의 교통 기관인 TriMet와 함께 740개 이상의 새로운 고정 무선 액세스(FWA) 라인을 활성화했습니다. FWA 구현은 미션 크리티컬 애플리케이션을 위한 향상된 대역폭을 제공하며, 모바일 지갑 요금 결제 및 클라우드 기반의 대중교통 신호 우선 기능과 같은 기능을 가능하게 합니다. 이 기술은 교통 흐름의 효율성을 개선하고 탄소 배출을 줄이면서 안전성을 유지합니다. Verizon Business는 TriMet의 533 평방 마일 서비스 지역에 대한 독점적인 중요한 연결 공급자로, 버스, 경전철, 통근 기차 및 이동 서비스 지원을 제공합니다.

Verizon Business a activé plus de 740 nouvelles lignes d'Accès Sans Fil Fixe (FWA) avec TriMet, l'agence de transport de Portland. La mise en œuvre de la FWA offre une bande passante améliorée pour les applications critiques, permettant des fonctionnalités telles que le paiement des tarifs via portefeuille mobile et la priorité de signalisation des transports basée sur le cloud. Cette technologie améliore l'efficacité de la circulation et réduit les émissions de carbone tout en maintenant la sécurité. Verizon Business est le fournisseur exclusif de connectivité critique pour le district de service de TriMet, qui couvre 533 miles carrés, soutenant les services de bus, de tramway léger, de train de banlieue et de paratransit.

Verizon Business hat über 740 neue Fixed Wireless Access (FWA) Verbindungen mit TriMet, der Verkehrsbehörde von Portland, aktiviert. Die Implementierung von FWA bietet eine verbesserte Bandbreite für geschäftskritische Anwendungen und ermöglicht Funktionen wie mobile Geldbörsen-Zahlungen und cloudbasierten Transit-Signalprioritäten. Diese Technologie verbessert die Effizienz des Verkehrsflusses und reduziert die Kohlendioxidemissionen, während die Sicherheit gewährleistet bleibt. Verizon Business ist der exklusive Anbieter kritischer Konnektivität für den 533 Quadratmeilen großen Servicebereich von TriMet, der Bus-, Stadtbahn-, Pendlerbahn- und Paratransitdienste unterstützt.

Positive
  • Expansion of service network with 740+ new FWA lines
  • Exclusive connectivity provider partnership with TriMet
  • Implementation of revenue-generating payment solutions
Negative
  • None.

Insights

The deployment of 740 Fixed Wireless Access (FWA) lines for Portland's TriMet transit system represents a modest infrastructure expansion for Verizon Business. While this implementation enables digital payment systems and traffic signal optimization, the deal's financial impact is minimal relative to Verizon's $134 billion annual revenue. The technology implementation, though innovative for public transit, is standard FWA deployment that doesn't significantly advance Verizon's competitive position or revenue potential.

The cloud-based Transit Signal Priority system and mobile payment capabilities are incremental improvements to existing transit infrastructure rather than groundbreaking innovations. For investors, this contract demonstrates Verizon's continued execution in the enterprise segment but isn't likely to materially impact the company's financial performance or stock value.

PORTLAND, Ore., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Verizon Business today announced the activation of more than 740 new Fixed Wireless Access (FWA) lines with the Tri-County Metropolitan Transportation District of Oregon (TriMet), a transit agency providing bus, light rail, commuter rail, and paratransit service in the Portland metro region.

FWA delivers fast, reliable, and scalable wireless network connectivity. The ample bandwidth provided by FWA enables TriMet to leverage data-rich and mission-critical applications to meet today’s demands, meeting its mission of “connecting people with valued transportation options that are safe, convenient, reliable, accessible and welcoming for all.”

TriMet uses mobile data to support many key technologies, including allowing riders to pay fares using their mobile wallet or contactless payment card and providing state-of-the-art connectivity and information to transit operators. In collaboration with regional traffic agency partners, TriMet is using mobile data to pioneer cloud-based Transit Signal Priority that improves traffic flow efficiency, speeding up buses without causing delays for drivers, cyclists, or pedestrians while improving safety and reducing carbon emissions.

These are just some examples of the benefits for commuters in the Portland area thanks to Verizon Business and TriMet. Future plans by TriMet include using their enhanced mobile data to further improve system performance and security.

The activation of the new FWA lines represents a continuation of an already strong relationship between Verizon Business and TriMet. Verizon Business is the exclusive critical connectivity provider for the Portland-area agency that provides multimodal transit service across a 533-square-mile service district.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.0 billion in 2023. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Eric Durie
eric.durie@verizon.com
516-382-8219


FAQ

What is Verizon's (VZ) new Fixed Wireless Access deployment in Portland?

Verizon Business has activated over 740 new Fixed Wireless Access (FWA) lines with TriMet, Portland's transit agency, providing enhanced connectivity for transit operations and passenger services.

How many FWA lines did Verizon (VZ) deploy for TriMet in Portland?

Verizon Business deployed more than 740 new Fixed Wireless Access (FWA) lines for TriMet in the Portland metro region.

What services does Verizon's (VZ) FWA enable for TriMet in Portland?

Verizon's FWA enables mobile wallet fare payments, contactless payment systems, cloud-based Transit Signal Priority, and improved traffic flow efficiency for TriMet's transit operations.

Verizon Communications

NYSE:VZ

VZ Rankings

VZ Latest News

VZ Stock Data

177.39B
4.21B
0.04%
65.53%
1.2%
Telecom Services
Telephone Communications (no Radiotelephone)
Link
United States of America
NEW YORK