Verizon Comms Stock Price, News & Analysis

Verizon has launched a new service called Get Help - Caregiver Alert, designed to assist caregivers for loved ones using Apple Watch. The service connects users automatically with their Trust Circle contacts when a hard fall is detected. Available exclusively for select Apple Watch models, it allows caregivers to receive alerts, view locations, and initiate group messaging. The first 30 days are free, after which the service costs $5 per month. Verizon aims to enhance caregiving through technology, with an emphasis on safety and independence.

Verizon has once again excelled in network performance, securing the RootMetrics® US Overall RootScore® Award for the 18th consecutive time. This remarkable achievement emphasizes Verizon's leading position, outperforming competitors by delivering the best 5G data reliability. The report highlights Verizon's top awards for overall performance, reliability, and accessibility across 96% of the tested metro markets. RootMetrics conducted extensive tests, covering over 260,000 miles, affirming Verizon's unmatched network experience and technological strength.

Verizon Business has launched the SumUp Plus Card Reader, allowing its small and midsize business customers to tap into SumUp's extensive merchant network of over four million globally. The card reader, priced at $19.99, enables seamless payment acceptance via Bluetooth on Verizon devices, with a competitive 2.75% transaction fee. This partnership highlights Verizon's commitment to supporting digital transformation for its clients. SumUp, established in 2012, has raised over $1.6 billion and operates in more than 35 countries.

Verizon Public Sector has secured an over $400 million task order under the Enterprise Infrastructure Solutions (EIS) program with the FBI to enhance its network infrastructure.

The partnership aims to improve data bandwidth and operational efficiency, integrating critical technologies to support various applications including cloud computing and video transmissions.

This initiative follows nearly 20 years of collaboration, ensuring high-speed connectivity and resilient virtual private network services for the FBI's mission-critical operations.

Verizon has commenced deployment of 100 MHz of C-band spectrum, significantly increasing its 5G Ultra Wideband capacity from 60 MHz. This upgrade allows for peak download speeds of 1.4 Gbps near cell sites and 500 Mbps further away. As additional spectrum clears, customers will gain access to between 140-200 MHz nationwide. This expansion aims to enhance service quality for mobile users and broaden the reach of Verizon's 5G Home broadband services, positioning Verizon as a stronger competitor in the home broadband market.

Verizon Enhances Access to Mental Health Resources

On July 16, 2022, Verizon’s landline customers gained the ability to dial 988, the new Suicide and Crisis Prevention Lifeline. This follows its prior introduction for wireless customers in December 2020. Users can call or text 988 to connect with trained experts without incurring charges. The initiative aims to provide essential support during crises, as emphasized by Kathy Grillo, Verizon's SVP of Public Policy. The Lifeline continues to maintain its toll-free number, 1-800-273-8255, alongside support for veterans and Spanish speakers through the 988 service.

On July 14, 2022, Verizon announced an expansion of its 5G Ultra Wideband network, providing over one million additional customers in Atlanta, GA, with enhanced speed and capacity. This service now delivers download speeds up to 10 times faster than median Verizon 4G LTE. The coverage includes key areas such as Forsyth and Fulton Counties, and it was achieved 18 months ahead of schedule through spectrum agreements. Verizon aims to reach 175 million people by the end of 2022 and 250 million by 2024, enhancing both mobile and business internet services.

Verizon has been recognized as the most awarded brand for Wireless Network Quality in J.D. Power's 2022 study, achieving this for the 29th consecutive time. The company received awards in five out of six regions, highlighting its superior customer satisfaction in network performance. Over the past 19 years, Verizon has accumulated over 180 J.D. Power awards, more than any other provider. The study surveyed over 34,174 wireless customers, emphasizing Verizon's reliability in delivering data, video, and voice services, with $133.6 billion in revenue generated in 2021.