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Verizon Communications (VZ) Stock News, Aug 9-17, 2022

VZ NYSE

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.

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Verizon continues its #ACallForKindness campaign, enhancing community goodwill through its 'Fuel the Love' initiative. On August 17, 2022, in Lawrenceburg, Indiana, nearly 50 customers received complimentary gas, joining cities like Las Vegas and Phoenix in the outreach effort. This initiative is aimed at inspiring kindness and promoting Verizon's services. Consumers can benefit from the new Welcome Unlimited plan, rebates for existing customers, and premium options that bundle popular streaming services. Verizon emphasizes its commitment to community support while enhancing customer engagement.

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Verizon Business is partnering with FUJIFILM Holdings to enhance its cybersecurity capabilities globally. Fujifilm will utilize Verizon's Advanced Security Operations Center in Canberra, providing 24/7 monitoring and threat intelligence from Verizon’s Threat Research Advisory Center. This initiative aims to bolster Fujifilm's IT infrastructure while addressing rising cybersecurity threats, particularly ransomware. Verizon, a leader in technology and communications, reported $133.6 billion in revenue for 2021, emphasizing its commitment to support business security in an increasingly digital landscape.

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On August 16, 2022, Verizon announced a partnership with Columbus artist Sarah Hout to create a mural promoting kindness in the community, part of its A Call for Kindness campaign. Hout expressed her honor in contributing to the initiative, emphasizing the importance of spreading kindness through art. Verizon has completed over 20 similar murals nationwide, fostering community engagement. The campaign encourages participation through acts of kindness, social media sharing, and community involvement, highlighting Verizon’s commitment to social responsibility.

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Verizon and Hi-Rez are enhancing mobile gaming with Verizon 5G Ultra Wideband in the new game Rogue Company Elite. Players can download a high fidelity graphics package rapidly and receive a free weapon wrap through Verizon Up. As the official U.S. telecom partner of Rogue Company, Verizon offers exclusive access to the Rogue Company: Elite Beta for the first 10,000 iOS and 20,000 Android customers. The Beta phase starts on August 18, 2022, for iOS and September 8, 2022, for Android, running until August 31, 2022.

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Verizon surprised Tampa residents by providing free gas as part of its Fuel the Love campaign. This initiative aims to alleviate financial strain amid rising inflation by covering gas costs at select stations. The campaign is part of a broader effort, #ACallForKindness, to foster community goodwill. Verizon also promotes its services, including the Welcome Unlimited plan and various credit card incentives. Overall, the company emphasizes its customer value through cost-saving options while engaging with communities in at least 15 cities nationwide.

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Verizon is enhancing its spam text and robocall prevention efforts to ensure better communication for users. In 2021, it processed 267 billion text messages and blocked over 11 billion spam texts. New Call Filter enhancements will categorize incoming calls, aiding users in identifying spam. From May to June 2022, Verizon blocked 2.5 billion unwanted calls. The company follows strict industry guidelines, requiring organizations to obtain consent for messages. With a revenue of $133.6 billion in 2021, Verizon remains a leader in technology and communication services.

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Verizon's 'Fuel the Love' campaign surprised 25 customers at Snackers Convenience Store in Las Vegas with free gas, part of their #ACallForKindness initiative. This campaign aims to foster kindness through simple acts, with similar events held in cities like Madison and Phoenix. Consumers can benefit from the new Welcome Unlimited plan, rewarding Verizon Visa Card holders with 4% back on gas purchases, and discounts on streaming services. Verizon generated revenues of $133.6 billion in 2021, offering a wide range of technology and communication services.

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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.

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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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FAQ

What is the current stock price of Verizon Communications (VZ)?

Verizon Communications (VZ) last closed at $41.65.

What is the market cap of Verizon Communications (VZ)?

The market cap of Verizon Communications (VZ) is approximately $173.0B.