Verizon Comms Stock Price, News & Analysis

Verizon has launched +play, an innovative platform that allows customers to manage and access various subscription services, including Netflix, Disney+, and Peloton, all in one place. This new hub aims to simplify the subscription experience as consumers increasingly subscribe to multiple streaming services. The platform will begin trials for select customers in March 2022, with a wider launch expected later this year. By centralizing content subscriptions, +play enhances Verizon's existing offerings and strengthens its position as a leading direct-to-consumer platform.

Verizon and Celona have teamed up to launch a new private networking solution that integrates 5G LAN technology into Verizon's On Site 5G portfolio. This partnership aims to provide cost-effective, cloud-first private networks for small to enterprise businesses, enhancing connectivity and reducing operational challenges. The joint offering promises flexible deployment options, network automation, and secure connectivity, catering to various business applications, including factory automation and healthcare. Verizon generated $133.6 billion in revenue in 2021, reaffirming its position as a leading communications provider.

Verizon Communications Inc. has outlined a strategic vision for growth targeting at least 4% service and other revenue growth in 2024 and beyond, alongside plans to lower capital intensity below 12%. The company aims to enhance its 5G coverage, planning to reach more than 175 million people by year-end 2022. Key initiatives include launching +play, a direct-to-consumer platform, and forming a strategic partnership with Meta to explore metaverse applications. Additionally, Verizon anticipates significant net adds in fixed wireless subscribers and a focus on private networking solutions.

Verizon has expanded its relief offerings in response to the ongoing situation in Eastern Europe. From now until March 10, the company is waiving international calling, texting, and in-country data charges for both consumer and business wireless customers to and from Ukraine, Hungary, Moldova, Poland, Romania, and Slovakia. This includes residential landline customers. Additionally, customers can donate to relief efforts in Ukraine through various organizations by texting specific keywords to designated numbers.

On March 2, 2022, Verizon deployed its Response Team in Los Angeles for Super Bowl LVI, supporting public safety agencies with Verizon Frontline solutions. Prior to the event, Verizon set up critical communications assets, including COLTs and satellite trailers, working closely with the Inglewood Police Department. The installation ensured high-bandwidth, 5G connectivity for emergency responders, measured at over a gigabit. Verizon's Frontline network, developed over decades, enhances communication for first responders during major events, underlining the company's role in public safety.

Verizon is hosting a free virtual event on March 8, 2022, for International Women’s Day, featuring Jaclyn Johnson, founder of Create & Cultivate, alongside executives from major companies like Chipotle and Kimberly-Clark. The event aims to support women navigating their careers, acknowledging that 1.1 million women have left the workforce since February 2020. Verizon emphasizes ongoing efforts to remove structural barriers faced by women in the workplace. The online platform Women’s CoLab offers resources and community support for women in various stages of their professional journey.

Verizon Communications (VZ) is set to hold its Investor Day 2022 on March 3, at 9:00 a.m. ET. During this event, CEO Hans Vestberg and senior leadership will discuss the company's strategic updates and its advancements in 5G initiatives and network performance. Verizon, a global leader in technology and communications, reported revenues of $133.6 billion in 2021. Investors can access the meeting and related materials on Verizon’s Investor Relations website.

Verizon Communications has successfully settled its fourth green bond offering, raising $1 billion, with proceeds directed towards renewable energy investments to enhance the U.S. electrical grid's sustainability. This follows the complete allocation of its third green bond within five months. Since 2019, Verizon has issued four green bonds totaling $4 billion. The company is committed to diversity in capital markets by partnering with minority- and women-owned firms for underwriting. In 2021, Verizon paid over $20 million in fees to such firms, reinforcing its ESG strategy alongside significant revenue generation of $133.6 billion in 2021.

Verizon Business and BlackRock announced the deployment of a private 5G network at BlackRock’s new headquarters in New York's Hudson Yards, marking a significant first for commercial 5G implementation in the U.S.

The network enhances secure connectivity for critical areas such as trading floors and conference centers, facilitating advanced applications like AR/VR and real-time edge computing.

Verizon’s On Site 5G offers a scalable platform, combining 5G Ultra Wideband with LTE, positioning BlackRock at the forefront of data-centric innovation.