Verizon Comms Stock Price, News & Analysis

Verizon responds to Texas population surge

On May 18, 2022, Verizon announced a $97.9 million increase in capital spending to accommodate an influx of over 200,000 new wireless customers in Texas since January 2020. The company reported significant data traffic growth, with Dallas up 81.3% and Austin soaring 323.2%. This investment aims to enhance 4G LTE and 5G services amid ongoing network expansion, following over $2 billion invested in Texas during 2020-2021.

Verizon executive vice president Tami Erwin will speak at the MoffettNathanson Media & Communications Summit on May 19, 2022, at 9:00 a.m. ET. The speech will be available via webcast on Verizon’s Investor Relations website. Verizon, one of the world’s top technology and communications service providers, reported $133.6 billion in revenue for 2021. The company, founded on June 30, 2000, focuses on delivering data, video, and voice services through its extensive networks, meeting global demands for connectivity and security.

On May 14, 2022, the Verizon Frontline Response Team deployed to support first responders combating the Blue Lakes Fire in northern Michigan, which has affected over 2,000 acres. They provided critical communications using Satellite Picocells on Trailers (SPOTs) at two command posts, enhancing situational awareness for firefighting efforts. This service is offered at no cost to local agencies, underscoring Verizon's commitment to public safety and innovation. Verizon generated revenues of $133.6 billion in 2021 and is a leading provider of technology and communications services.

Verizon announces a significant capital investment of $149 million in Florida to upgrade its network infrastructure due to a surge in demand following a population increase of over 250,000 wireless customers since January 2020. With data traffic soaring, especially in major cities like Miami (364% increase) and Orlando (408%), Verizon plans to enhance its 4G LTE and 5G services. This initiative builds on over $1 billion invested in the past two years, improving capacity and coverage across the state, particularly at key locations such as Disney World and major event venues.

On May 13, 2022, Verizon Business announced the winners of the 2022 BlueJeans by Verizon Customer Awards, recognizing organizations that successfully used BlueJeans solutions to enhance collaboration and communication. Notable winners include Merck KGaA for Most Successful Hybrid Work Transformation and Penn Med for Biggest Impact, showcasing significant ROI. The awards highlight leaders in technology adoption, illustrating the transformation of workplace priorities towards connectivity. Verizon, headquartered in New York City, generated $133.6 billion in revenue in 2021.

Verizon Communications Inc. (NYSE: VZ) held its first in-person shareholder meeting since 2019 on May 12, 2022. Shareholders re-elected all eleven directors for one-year terms and supported two management proposals: executive compensation and the appointment of Ernst & Young LLP as the independent auditor. However, four shareholder proposals were defeated, including reports on charitable contributions and executive compensation policies. Preliminary vote results will be finalized and posted on Verizon’s website, with 2021 revenues reported at $133.6 billion.

Verizon is offering special savings of up to $300 per year on its best 5G Unlimited plans for qualifying customers, including military, first responders, teachers, and nurses. Customers can save $25 monthly with personal accounts. Additionally, Fios 300 Mbps home internet is available for as low as $34.99/month with Auto Pay. Verizon's 5G Ultra Wideband network provides speeds up to 10 times faster than 4G LTE, serving 110 million people across 1,700 cities, aiming for coverage of 175 million by year-end 2022.

Verizon Business and Visionable have launched a center in Kent, U.K., focused on advancing connected healthcare technologies. This center showcases innovations like Verizon’s private 5G and AI-driven networking solutions, designed to enhance patient care. Key demonstrations include virtual wards, connected emergency services, and digitalized hospital care pathways. The collaboration aims to foster innovation, improve healthcare delivery, and benefit patients globally. Verizon's telehealth solutions, including BlueJeans Telehealth, aim to enhance accessibility and safety in healthcare services.

Verizon announces the launch of the new Google Pixel 6a, available for pre-order on July 21 and in stores starting July 28. Priced at $13.88 per month for 36 months ($499.99 retail), the Pixel 6a promises access to Verizon's 5G Ultra Wideband, enhancing streaming and gaming experiences. Key features include a 12MP dual camera, a 6.1” gOLED display, and advanced Google Tensor chip. Additionally, Pixel Buds Pro will launch alongside at $199.99, offering high-quality sound and noise cancellation. This move underlines Verizon's commitment to affordable 5G technology.