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.
As Tropical Storm Ian approaches, Verizon's response team is actively preparing to maintain connectivity for communities and first responders. The company has conducted emergency drills, tested networks, and positioned recovery equipment along the affected coastal areas. With a fleet of over 500 portable assets and robust backup systems, Verizon aims to ensure reliable service during the storm. Additionally, the Verizon Frontline Crisis Response Team is ready to assist public safety agencies. The company emphasizes the importance of business continuity during such emergencies.
Verizon is donating $100,000 to the American Red Cross to assist recovery efforts in Puerto Rico following the devastation caused by Hurricane Fiona. The hurricane resulted in severe flooding and widespread power outages. CEO Hans Vestberg emphasized the company's commitment to support first responders and those affected. Verizon is encouraging customers to contribute via mobile donations to aid ongoing disaster relief initiatives in the region.
Verizon Communications is providing free access to WAPA América and Televisión Dominicana for Fios TV subscribers from September 22 through October 21, 2022. This initiative aims to keep Spanish-speaking customers informed about Hurricane Fiona's aftermath. WAPA América, known for leading ratings in Puerto Rico, and Televisión Dominicana, featuring top-rated Dominican stations, will be available at no extra cost. This move reflects Verizon's commitment to delivering quality content and reliable connectivity during critical times.
Verizon has received an $11.5 million Tranche 2 award from the U.S. Department of Defense to establish a private 5G network at Joint Base Pearl Harbor Hickam. This network aims to enhance operational efficiencies for military personnel by utilizing Verizon's 5G Ultra Wideband capabilities. In partnership with Ericsson, the project focuses on technological advancements, including foreign object detection and other maintenance applications. Verizon's commitment to 5G infrastructure is expected to positively impact military operations.
Verizon has achieved the IS-BAO registration for its commercial drone program, marking it as the first corporate drone program to attain this status. This independent audit confirms Verizon’s high safety standards and governance, enabling the expansion of drone operations into more complex areas. Since 2017, Verizon's drone program has conducted over 17,000 flights, enhancing network testing and infrastructure inspection. This certification validates Verizon's commitment to safety, as noted by both internal leaders and the International Business Aviation Council.
Verizon Launches Affordable 5G Home Internet
On September 22, 2022, Verizon introduced its new 5G Home Internet service, available at just $25/month for premium unlimited plan users and $50/month for non-customers. This service is aimed at regions lacking Fios availability, including parts of Philadelphia, Washington D.C., and the Delaware Shore. Customers benefit from fast, reliable internet without annual contracts or hidden fees, alongside a 30-day satisfaction guarantee. Additionally, Verizon 5G Business Internet offers unlimited data and professional installation with a 10-year price guarantee.
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Verizon's #ACallForKindness campaign aims to inspire kindness through video storytelling. Over 10,000 pledges have been made to perform acts of kindness. As part of the campaign, Verizon has partnered with kindness.org and AudPop to host a video submission contest. The top three videos will be showcased on the NASDAQ billboard in Times Square on World Kindness Day, November 13. The contest closes on October 21.
Verizon has partnered with the University of South Carolina to launch the Innovation Experience Hub at the McNair Center. This hub will leverage 5G Ultra Wideband technology to develop solutions for manufacturing, healthcare, and civil infrastructure. Initial projects involve quality inspection in manufacturing, remote health monitoring, and drone inspections of infrastructure. The collaboration aims to explore how 5G can transform various industries, enhancing operational efficiency and innovation through advanced technologies.