Welcome to our dedicated page for Verizon Communications news (Ticker: VZ), a resource for investors and traders seeking the latest updates and insights on Verizon Communications stock.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) is a leading multinational telecommunications conglomerate, headquartered at 1095 Avenue of the Americas, Midtown Manhattan, New York City, and incorporated in Delaware. As a corporate component of the Dow Jones Industrial Average, Verizon stands out in the telecommunications industry by providing a wide range of services and solutions that include wireless communications, fixed-line telecom, and enterprise services.
Wireless Services: Verizon's wireless operations account for approximately 70% of its total service revenue, highlighting the significance of this segment. With about 93 million postpaid and 21 million prepaid phone customers, Verizon holds the title of the largest US wireless carrier. This expansive customer base is supported by the company's robust nationwide network, known for its reliability and wide coverage.
Fixed-Line Telecom: Verizon's fixed-line operations serve local networks in the Northeast, reaching around 29 million homes and businesses. The company caters to approximately 8 million broadband customers, providing high-speed internet services. Additionally, Verizon offers telecom services to enterprise customers across the nation, leveraging both its own and other carriers' networks.
Recent Achievements and Projects: Verizon is actively involved in several initiatives and partnerships that enhance its service offerings and community presence. Recently, Verizon announced the continuation of its partnership as the Official 5G partner of Houston Dynamo FC and the Houston Dash, which will last through the 2024 season. This partnership aims to bring fans closer to the teams they support with enhanced fan experiences.
In another exciting development, Verizon is connecting fans to music at the inaugural Festival La Onda by BottleRock® in Napa Valley, CA. Fans will benefit from perks such as VIP experiences, premium viewing decks, and exclusive merchandise.
Financial Performance: For the fiscal year 2023, Verizon generated revenues of $134.0 billion, reflecting its strong market presence and operational efficiency. The company's commitment to innovation and customer satisfaction continues to drive its financial success.
Social Initiatives: Verizon is dedicated to community engagement and social responsibility. The company is sponsoring events such as The Power Shift series with Johns Hopkins University and Medicine, aimed at discussing the intersection of AI and healthcare. Verizon's Citizen Verizon initiative focuses on preparing individuals for future jobs through tech skills training.
New Products: Verizon Business is introducing the Google Pixel 8a smartphone, equipped with advanced collaboration tools, robust security features, and AI technology. This addition enhances business mobility for Verizon's enterprise customers.
Verizon Communications Inc. remains at the forefront of the telecommunications industry, continually evolving to meet the demands of modern connectivity and innovation.
Verizon has launched the Siyata SD7, a mission-critical push-to-talk device, as part of its stocked handset portfolio. This collaboration with Siyata Mobile Inc. (SYTA) aims to revolutionize communication for first responders and enterprise clients across the United States. The SD7 is a purpose-built 'cellular radio' offering excellent coverage, improved functionality, and low costs.
Key features of the Siyata SD7 include:
- Mission-Critical Push-to-Talk (MCPTT)
- Rugged design for field use
- Emergency button and GPS tracking
- Seamless integration with Verizon Frontline
- Low start-up and operating costs
Verizon Frontline's vice president, Cory Davis, expressed excitement about bringing this potential game-changer to customers, while Siyata's CEO, Marc Seelenfreund, is optimistic about the opportunities for the SD7 as a stocked item by Verizon.
Verizon (NYSE: VZ) is enhancing the NFL fan experience with exclusive offers for customers. Key highlights include:
- NFL Sunday Ticket from YouTube and YouTube TV, free for eligible customers (up to $449 value)
- $10/month discount on YouTube TV Base Plan for home internet customers
- Weekly ticket drops for every NFL game through Verizon Access
- Offers available for both mobile and home internet customers
These promotions aim to provide fans with comprehensive access to NFL games, whether through out-of-market streaming or in-person attendance. Verizon's myPlan and myHome platforms facilitate these offers, reinforcing the company's position as a key player in sports entertainment connectivity.
Verizon Communications (NYSE, NASDAQ: VZ) has initiated private exchange offers for 10 series of outstanding notes, totaling up to $2.5 billion in new notes maturing in 2035. The offers target qualified institutional buyers and non-U.S. persons. To receive the total exchange price, holders must tender their old notes by August 2, 2024. The exchange price includes an early participation payment and accrued coupon payments. Verizon will use a waterfall methodology to accept notes based on specified priority levels, capped at $2.5 billion but subject to potential increase. The new notes will bear interest at a rate tied to the 4.375% U.S. Treasury Security due May 2034, plus 100 basis points. The offers expire on August 19, 2024, with settlement dates following shortly after. The new notes will not be registered under the Securities Act and are only available to eligible holders.
Verizon (NYSE, Nasdaq: VZ) reported strong Q2 2024 results, showcasing growth in wireless service revenue and broadband subscribers. Key highlights include:
- Total wireless service revenue of $19.8 billion, up 3.5% year-over-year
- Retail postpaid phone net additions of 148,000
- Total broadband net additions of 391,000, including 378,000 fixed wireless
- Consolidated revenue of $32.8 billion, up 0.6% from Q2 2023
- Earnings per share of $1.09, with adjusted EPS of $1.15
Verizon remains on track to meet its full-year 2024 financial guidance, projecting wireless service revenue growth of 2.0-3.5% and adjusted EBITDA growth of 1.0-3.0%.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced it will report its second-quarter 2024 earnings on Monday, July 22. The company will present results via a webcast starting at 8:30 a.m. Eastern Time. Access instructions and presentation materials will be available at 7:00 a.m. on Verizon's Investor Relations website.
The materials will include detailed commentary on Q2 results, an earnings news release, and financial tables. Verizon, headquartered in New York City, generated revenues of $134.0 billion in 2023. The company serves millions of customers worldwide, including nearly all Fortune 500 companies, providing mobility, reliable network connectivity, and security services.
Verizon (NYSE, Nasdaq: VZ) is celebrating a new partnership with the San Francisco 49ers by hosting an event featuring linebacker Fred Warner at its Blossom Hill retail location in San Jose on July 22, 2024. The event, from 5:00 to 6:00 p.m., offers fans autograph signings, photo opportunities, and exclusive giveaways.
This collaboration aims to enhance fan experiences both on and off the field, leveraging Verizon's technology and the 49ers' dedication to excellence. The partnership will provide unique, money-can't-buy experiences through Verizon Access rewards, demonstrating Verizon's commitment to connecting communities with their passions.
Verizon (VZ) has launched an exclusive streaming offer for its customers, bundling Netflix's Premium Plan with Peacock Premium for the first time. This -time deal allows Verizon customers to purchase one year of Peacock Premium and receive one year of Netflix's Premium plan for free, representing a $275 value. The offer aims to provide Verizon customers with significant savings on popular streaming content, including hit shows, movies, live sports, and upcoming events like the 2024 Paris Olympics. This strategic move by Verizon enhances its value proposition in the competitive telecommunications market, potentially attracting new customers and retaining existing ones through exclusive entertainment partnerships.
Verizon and the Washington Nationals have announced a new marketing and philanthropic partnership, making Verizon a proud partner of the Nationals. This alliance aims to enhance fan experiences and strengthen community contributions in Washington D.C. and beyond. Key highlights include:
1. Verizon signage at Nationals Park and on the bullpen cart
2. Creation of unique fan experiences
3. Expanded support for Washington Nationals Philanthropies
4. A sweepstakes offering tickets and exclusive experiences for fans
5. Verizon as the red carpet sponsor for the 2025 Nationals Homecoming Gala
6. Continued investment in the Nationals Youth Baseball Academy
The partnership reflects both organizations' commitment to supporting the D.C. community and enhancing the overall baseball experience for fans.
Verizon Frontline recently supported first responders at the Dallas Fort Worth International Airport's (DFW) preparedness showcase. The event brought together over 100 participants from various public safety agencies. Verizon deployed its Crisis Response Team, Satellite Solutions Group, and Network Assurance Team to provide critical communications services.
Key technologies provided included a Tactical Command Trailer, Community Response Trailer ('Big Red'), and a High Altitude Wireless Kennawhat (HAWK) drone. The showcase successfully demonstrated interoperable communications among different agencies, highlighting Verizon Frontline's commitment to supporting first responders with advanced network solutions.
Verizon is hosting a graduation ceremony on July 16th, 2024, in Philadelphia for small businesses completing a six-month technology training program. The event, held at Verizon's 1430 Walnut Street store from 8:30 a.m. to 10:30 a.m., will also include a session on AI adaptation for small businesses. This initiative is part of Verizon's $1M national Verizon Forward Community Enhancement Award, with a $50,000 investment to the African-American Chamber of Commerce and the Greater Philadelphia Hispanic Chamber of Commerce.
The program aims to help small businesses leverage technology to improve capacity and efficiency. Verizon's commitment to supporting diverse small businesses is further demonstrated through its Verizon Small Business Digital Ready platform, which has supported over 3,900 small businesses in Philadelphia with courses, workshops, and networking opportunities.
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