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 partnered with local artist Peat “EYEZ” Wollaeger to create an Augmented Reality mural in St. Louis as part of its national #ACallForKindness campaign. Located at 6301 Delmar Blvd, the mural features a hidden smiley face symbolizing kindness. This initiative is part of Verizon's effort to foster community connections through art, with over 20 murals completed nationwide since the campaign's launch in October 2020. The campaign encourages individuals to perform acts of kindness and share their experiences on social media.
Verizon upgrades its fiber network infrastructure to enhance data management capabilities to 115 terabits per second (Tbps), with future scalability to 230 Tbps. This upgrade employs advanced 400 Gbps per port optical technology and is aimed at meeting the increasing data demands driven by the adoption of 5G. The equipment is provided by Juniper Networks and features automation, reduced space requirements, and improved efficiency. This core network enhancement will better support Verizon's wireless, home internet, and enterprise services.
Verizon kicked off its '#ACallForKindness' initiative with a 'Fuel the Love' campaign, surprising over 80 customers in Madison with free gas. This event aims to uplift communities while showcasing the benefits of being a Verizon customer. Verizon is promoting its Welcome Unlimited plan, offering substantial savings for families and rewards through the Verizon Visa Card, including a $100 statement credit for new cardholders. The campaign will extend to 15 cities, emphasizing the company's commitment to kindness and customer value.
Verizon Mobile Security Index 2022 shows a significant rise in cyberattacks, with 45% of companies experiencing compromises in the last year, a 22% increase year-over-year. 79% of respondents indicated that recent work practice changes have adversely affected their cybersecurity. 52% admitted to sacrificing mobile device security for productivity. Despite this, 85% of companies now allocate budgets for mobile security. The Index reveals varied impacts across sectors, with heightened security concerns in enterprise, retail, healthcare, and finance, highlighting a pressing need for robust cybersecurity measures.
Verizon has announced a $10,000 donation to the American Red Cross to aid recovery efforts for residents affected by severe flooding in the St. Louis area. This initiative demonstrates Verizon's commitment to community support in times of crisis. The company encourages its customers to contribute as well by texting to donate. Additionally, Verizon employees are being provided with volunteer opportunities through Citizen Verizon, reinforcing their engagement in relief efforts. In 2021, Verizon generated revenues of $133.6 billion, highlighting its robust financial presence in the technology and communications sector.
Verizon has announced new wireless home and business internet options for residents in Richmond, PA. Starting July 28, 2022, Verizon Home Internet begins at just $25 per month with AutoPay for premium Unlimited plan customers, while non-customers can access it for $50 per month. The service, powered by 5G Ultra Wideband, promises no extra fees or data caps. Additionally, businesses can benefit from 5G Business Internet with unlimited data and a 10-year price guarantee. This expansion is part of Verizon's commitment to enhancing connectivity.
Verizon is launching new wireless home and business Internet options for residents and businesses in Scranton and Harrisburg, PA. Starting July 28, 2022, customers on Verizon's premium Unlimited plans can access Verizon Home Internet at $25 per month with AutoPay, or $50 for non-customers. The service boasts no extra fees, equipment charges, or data caps. Businesses can also utilize 5G Business Internet with unlimited data and professional installation. This move aims to enhance connectivity and provide economic value during financially challenging times.
Verizon Prepaid customers can now enjoy Disney+ for six months at no cost upon activating or upgrading to a Prepaid Unlimited plan. This promotional offering enhances Verizon's commitment to providing value to its customers, particularly in the prepaid sector. Disney+ features popular franchises like Marvel and Star Wars, promising exciting content set to release soon, including 'LEGO Star Wars Summer Vacation' and 'Hocus Pocus 2'. Additionally, Verizon offers competitive pricing with unlimited calls, texting, and loyalty discounts for long-term customers.
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Verizon and Ericsson will demonstrate innovative 5G technologies in sports and entertainment at State Farm Arena on July 27, 2022. The event aims to showcase practical applications of 5G Ultra Wideband and Mobile Edge Compute, featuring dynamic demos and success stories from industry leaders. Attendees, including executives from the Atlanta Hawks and Ericsson, will explore various 5G-driven solutions such as facial recognition and crowd analytics. This series promotes digital transformation for businesses, ensuring they harness the power of Verizon's network for future success.