Verizon Comms Stock Price, News & Analysis

Verizon has appointed Sowmyanarayan Sampath as the new Executive Vice President and CEO of Verizon Business, effective July 1, 2022. He will succeed Tami Erwin, who will transition to a Strategic Advisor role. Sampath, with over two decades of experience, has been pivotal in driving commercial success at Verizon since joining in 2014. His strategic roles include Chief Revenue Officer and Chief Product Officer, where he led key initiatives like Network Transformation and the launch of Verizon’s 5G networks. Erwin’s leadership during her tenure positioned Verizon as a key partner in digital transformation.

Verizon introduces its 5G Start plan at $35 per line per month, emphasizing affordability and value with discounts for multiple lines, 5G phone deals, and six months of popular entertainment subscriptions. Customers can save up to $400 with eligible device trade-ins and up to $200 in e-gift cards when switching from other carriers. Verizon's 5G network is expanding rapidly, with 249% increased data usage since January 2021. Plans include provisions for unlimited 5G Nationwide/4G LTE data, though speeds may slow during congestion.

Verizon Business has announced the appointment of Debika Bhattacharya as Chief Product Officer and Iris Meijer as Senior Vice President of Business Marketing and Revenue Operations. Both leaders emphasize customer centricity in their roles. Bhattacharya aims to enhance Verizon’s product portfolio amid the growing demand for 5G solutions, while Meijer focuses on digital marketing strategies that drive revenue. The leadership changes are expected to strengthen Verizon’s growth in 5G mobility, broadband, and B2B solutions.

Verizon Frontline received the 2022 'Partner of the Year' award from the EMS FDNY Help Fund for its 'Food for Frontline Workers' initiative, which provided over 150,000 meals to essential workers during the pandemic. Tami Erwin, CEO of Verizon Business, highlighted the program's success in delivering more than 25,000 meals to first responders. The EMS FDNY Help Fund recognized this initiative as a significant achievement during challenging times. Verizon Communications, a major player in technology and communications, reported revenues of $133.6 billion in 2021.

Verizon is enhancing its preparedness for the hurricane season amidst forecasts of Tropical Storm Alex threatening Florida. Key initiatives include year-round emergency drills, fiber and cell-site testing, and positioning over 500 portable recovery assets. Verizon's network, known for its reliability, features battery and generator backups to minimize service disruptions. An investment of over $1 billion in Florida and an additional $149 million aim to bolster network capacity. Verizon Frontline continues to support first responders by deploying essential communication assets during emergencies.

Verizon's Summer Tech Offerings: Verizon has unveiled a range of tech gadgets ideal for summer travel, including the JBL Flip 6 speaker for music on the go, Chromecast with Google TV for streaming, and the Razer Kishi Gaming Controller for gaming anywhere. The company highlights 5G Unlimited plans featuring perks like a complimentary TravelPass day and unlimited mobile hotspot data. Verizon's 5G Ultra Wideband service is available in popular vacation spots, ensuring connectivity. With solid revenues of $133.6 billion in 2021, Verizon continues to innovate and provide reliable services.

Verizon's Responsible Marketing Action Plan has successfully exceeded its 2021 goals and introduced new objectives for 2022, aiming to enhance diversity, equity, and inclusion (DE&I) in marketing. Key highlights include spending 65% on diverse video production and a 40% goal for 2022 across all media. The company reported that 39.3% of its marketing team are people of color, with women making up 51.7%. Verizon achieved a 99.4% brand safety rating in media placements and continues initiatives like the adfellows program, fostering diverse marketing leaders with a 98% job placement rate.