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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 significant savings for back-to-school shoppers, offering up to $800 off on 5G phones with select trade-ins and plans, plus an additional $200 for new customers switching to the network. Customers can also save up to 50% on accessories such as earbuds and chargers. Special discounts of up to $25/month are available for teachers and students on 5G Unlimited plans, along with a $19.99/month offer for 5G Home Internet. This initiative highlights Verizon's commitment to providing affordable technology solutions in a challenging economic environment.
Verizon Business has partnered with Virginia International Terminals to establish a private 5G Ultra Wideband network at The Port Of Virginia, enhancing high-bandwidth industrial operations and secure networking. This marks Verizon's second deal with an international port and its first with a U.S. terminal. The 5G network will enable VIT to test autonomous truck technologies and improve logistical efficiencies. In the last fiscal year, VIT handled 3.7 million TEUs, generating approximately $47 billion in state gross product.
Verizon Communications Inc. (NYSE: VZ) is set to report its Q2 2022 earnings on July 22, 2022, with a webcast presentation starting at 8:30 a.m. ET. The earnings news release and financial tables will be available on Verizon's Investor Relations website at 7:30 a.m. ET. In 2021, Verizon achieved revenues of $133.6 billion, highlighting its status as a leading provider of technology and communications services globally.
Verizon has launched a new service called Get Help - Caregiver Alert, designed to assist caregivers for loved ones using Apple Watch. The service connects users automatically with their Trust Circle contacts when a hard fall is detected. Available exclusively for select Apple Watch models, it allows caregivers to receive alerts, view locations, and initiate group messaging. The first 30 days are free, after which the service costs $5 per month. Verizon aims to enhance caregiving through technology, with an emphasis on safety and independence.
Verizon has once again excelled in network performance, securing the RootMetrics® US Overall RootScore® Award for the 18th consecutive time. This remarkable achievement emphasizes Verizon's leading position, outperforming competitors by delivering the best 5G data reliability. The report highlights Verizon's top awards for overall performance, reliability, and accessibility across 96% of the tested metro markets. RootMetrics conducted extensive tests, covering over 260,000 miles, affirming Verizon's unmatched network experience and technological strength.
Verizon Business has launched the SumUp Plus Card Reader, allowing its small and midsize business customers to tap into SumUp's extensive merchant network of over four million globally. The card reader, priced at $19.99, enables seamless payment acceptance via Bluetooth on Verizon devices, with a competitive 2.75% transaction fee. This partnership highlights Verizon's commitment to supporting digital transformation for its clients. SumUp, established in 2012, has raised over $1.6 billion and operates in more than 35 countries.
Verizon Public Sector has secured an over $400 million task order under the Enterprise Infrastructure Solutions (EIS) program with the FBI to enhance its network infrastructure.
The partnership aims to improve data bandwidth and operational efficiency, integrating critical technologies to support various applications including cloud computing and video transmissions.
This initiative follows nearly 20 years of collaboration, ensuring high-speed connectivity and resilient virtual private network services for the FBI's mission-critical operations.
Verizon has commenced deployment of 100 MHz of C-band spectrum, significantly increasing its 5G Ultra Wideband capacity from 60 MHz. This upgrade allows for peak download speeds of 1.4 Gbps near cell sites and 500 Mbps further away. As additional spectrum clears, customers will gain access to between 140-200 MHz nationwide. This expansion aims to enhance service quality for mobile users and broaden the reach of Verizon's 5G Home broadband services, positioning Verizon as a stronger competitor in the home broadband market.
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Verizon Enhances Access to Mental Health Resources
On July 16, 2022, Verizon’s landline customers gained the ability to dial 988, the new Suicide and Crisis Prevention Lifeline. This follows its prior introduction for wireless customers in December 2020. Users can call or text 988 to connect with trained experts without incurring charges. The initiative aims to provide essential support during crises, as emphasized by Kathy Grillo, Verizon's SVP of Public Policy. The Lifeline continues to maintain its toll-free number, 1-800-273-8255, alongside support for veterans and Spanish speakers through the 988 service.