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. 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.
Verizon announces pre-orders for the new Samsung Galaxy Z Flip4 and Z Fold4 starting August 10, 2022. Customers can save up to $800 with select trade-ins on qualified 5G Unlimited plans. Additionally, switching customers will receive a $200 Verizon eCard after signing up. Pre-ordering the phones also grants a free upgrade to the next storage tier. Both devices utilize 5G Ultra Wideband, enabling fast downloads and immersive experiences. The Galaxy Z Flip4 and Z Fold4 are set to hit stores on August 26, 2022.
Verizon Business has been chosen to manage Astellas Pharma Inc’s global network infrastructure, marking a significant step in Astellas’s digital transformation. This strategic partnership aims to enhance patient outcomes and reduce drug development timelines through advanced network technologies. Astellas, with over 14,000 employees globally and operations in 70+ locations, seeks to build a scalable secure network. This initiative builds on a decade-long relationship between the two companies and supports Astellas's growth vectors by improving connectivity and innovation.
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Verizon's executive vice president and CEO for Verizon Business, Sowmyanarayan Sampath, will speak at the 25th Annual Oppenheimer Technology, Internet & Communications Conference on August 10, 2022, at 1:15 p.m. ET. This event will be streamed live, and details for accessing the webcast are available on Verizon’s Investor Relations website.
Headquartered in New York City, Verizon generated $133.6 billion in revenue in 2021. The company is a global leader in technology and communications services, offering data, video, and voice services.
Verizon emphasizes its commitment to providing reliable service as summer travel continues, with a recent survey showing that 58% of Americans plan to travel, including 21% who will work remotely. Verizon's network has been recognized by J.D. Power for top quality, achieving 29 consecutive awards for excellence. The company is enhancing its 5G Ultra Wideband network and expanding its fiber network's capacity. Additionally, Verizon is offering plans like Welcome Unlimited, starting at $30 per line for four lines, and promoting a $240 e-gift card for activating eligible devices.
Verizon's "Fuel The Love" initiative surprised customers at GetGo gas stations in Indianapolis by filling their tanks for free. This initiative, part of the broader #ACallForKindness campaign, has reached at least 15 U.S. cities this summer. Verizon aims to promote kindness and community support during tough economic times. The company also introduced new customer benefits, including the Welcome Unlimited plan and rewards through the Verizon Visa® Card. Verizon reported $133.6 billion in revenue in 2021, emphasizing its position as a leader in technology and communications.
Verizon has been recognized as the provider of the Most Reliable 5G Network in the U.S. for the third consecutive test period, according to RootMetrics. The company secured the best overall network title for the 18th consecutive time in RootMetrics' State of the Mobile Union report. Key highlights include:
- Best 5G data reliability in 95 out of 125 metro markets.
- Increased 5G availability in 99 markets.
- Significant improvements in 5G download speeds due to enhanced C-Band spectrum.
Verizon is upgrading its core equipment to handle up to 230 Tbps of data, enhancing its network capabilities.
Verizon is providing unlimited calling, texting, and data for consumer and small business customers impacted by wildfires in parts of California, Idaho, Montana, Nebraska, Oregon, and Washington from August 3-9, 2022. This initiative is aimed at helping residents during the current wildfire crisis, which has been exacerbated by extreme weather conditions. Additionally, the Verizon Frontline Response Team is offering critical communications support to first responders at no cost to public safety agencies.
Verizon announced a $15,000 investment to support a mentoring program with Gateway Global in St. Louis, enhancing STEM education and workforce development. This initiative aims to prepare youth for tech careers linked to the National Geo-Spatial Intelligence Agency's new headquarters. Verizon mentors have guided students in critical infrastructure skills while showcasing Verizon's 5G technology. The partnership reflects Verizon's commitment to fostering economic empowerment and stability in the local community, aligning with its broader mission to connect people through technology.
Verizon Connect has introduced an advanced AI Dashcam aimed at enhancing fleet safety and management. The new dashcam features real-time detection of hazardous driving behaviors and provides in-cab alerts to drivers. It is compatible with both new and existing Fleet and Reveal customers and boasts a modular design for easy upgrading. Additionally, the technology includes Advanced Driver Assistance Systems (ADAS) and a Driver-Monitoring System (DMS) to monitor driving behaviors. Verizon Connect has received nine industry awards in 2021 for its innovations, highlighting its competitive edge in the market.