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 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.
Verizon Business announced updates to BlueJeans Meetings aimed at enhancing hybrid collaboration and inclusivity. Key features include Weather Person Mode, Auto-Camera Framing, and personalized options such as multi-language closed captioning, hiding self-view, and breakout sessions. These enhancements cater to diverse workforce dynamics, improving meeting engagement and flexibility. With strong analyst accolades in 2022, including PC Mag Editor's Choice and TrustRadius Top Rated Award, BlueJeans Meetings aims to provide a comprehensive meeting experience across mobile, desktop, and Meta Portal applications.
Verizon announced the launch of the Lenovo ThinkPad X13s, the first business-ready PC fully leveraging 5G Ultra Wideband connectivity. This ultrathin laptop, powered by the Qualcomm Snapdragon 8cx Gen 3, offers a smartphone-like experience with instant-on features and multi-day battery life. The device supports Verizon's On Site 5G private networks and provides enhanced security features through Lenovo's ThinkShield Platform. The pricing starts at $1,349.99 on a 2-year contract, aiming to empower mobile productivity for businesses.
Verizon partners with Microsoft to offer Xbox All Access starting July 28, 2022. Customers can obtain an Xbox Series S or Series X console and two years of Xbox Game Pass Ultimate for as low as $24.99 per month with 0% APR. This program provides access to hundreds of games including day one releases. Additionally, Verizon's fast 5G services enhance gameplay with ultra-low latency. Special offers on accessories are also available. This collaboration aims to strengthen Verizon's position in gaming and expand its digital service offerings.