Verizon Comms Stock Price, News & Analysis

Verizon has amended terms for its ongoing offers to purchase debt securities totaling up to $4.0 billion. The changes include extensions to key dates: the Early Participation Date now set for March 4, 2022, Price Determination Date on March 7, 2022, and Expiration Date on March 21, 2022. Additionally, the Fixed Spread for several notes has been adjusted, impacting their market pricing. The offers are facilitated by lead dealer managers including Barclays and Goldman Sachs, with more details available through investor communications.

Verizon has announced its first agreement with a global automaker, Audi, to enhance the vehicles with 5G connectivity starting from the 2024 model year. The collaboration aims to embed 5G Ultra Wideband technology into Audi vehicles, allowing for advanced features like high-speed infotainment and over-the-air software updates. This partnership is expected to improve driver-assistance technologies and introduce cellular vehicle-to-everything (C-V2X) capabilities for safer driving. Verizon continues to expand its 5G network across the U.S., significantly increasing its coverage area.

Verizon, Bloomberg Media, Zixi, and AWS are collaborating to test live streaming of 4K Ultra High Definition content using 5G and edge computing, eliminating the need for satellites. This trial utilizes Verizon 5G Edge with AWS Wavelength and Zixi's SDVP to enhance content delivery speeds and quality. The initiative aims to simplify distribution workflows for broadcasters and meet consumer demand for quick-start, high-quality streaming. Future trials will also explore direct streaming to consumers' devices and real-time translation for global audiences.

Verizon enhances Call Filter app and Fios Digital Voice services to combat robocalls. The updated Call Filter app now allows wireless customers to block spam calls and manage Caller ID features at no cost, flagging 20 billion unwanted calls for 80 million users. Additionally, Fios customers will see a verified call indicator, enhancing Caller ID accuracy. Verizon is a leader in identifying robocall sources and collaborates with law enforcement to tackle the issue. The Call Filter Plus service is available for $2.99 per month, providing extra features for spam management.

Verizon Communications (NYSE: VZ) has launched 30 separate offers to repurchase outstanding debt securities totaling up to $4.0 billion, with the offers expiring on March 17, 2022. To qualify for the Total Consideration, holders must tender their Notes by March 2, 2022. The repurchase will be executed using a waterfall methodology based on Acceptance Priority Levels, with a cap of $4.0 billion and a specific $1.0 billion cap for the 2.987% Notes due 2056. The Offers are unrestricted by minimum tender amounts and will include accrued interest payments.

Verizon has awarded $500,000 to three winners of its inaugural Climate Resilience Prize at the GreenBiz22 Conference.

Winners include Hyfi for tech solutions, Forestry and Fire Recruitment Program for community-led efforts, and Coral Vita for nature-based solutions.

This initiative supports communities affected by climate change and is part of Citizen Verizon, aimed at achieving sustainability goals.

On February 14, 2022, Verizon showcased its 5G Home and Business Internet services during the Big Game, emphasizing their rapid expansion. The company reports that it now reaches over 30 million households and 2 million businesses, with a recent increase of 10 million households since last month. CEO Manon Brouillette highlighted plans for further expansion into cities like Boise and El Paso. Verizon's offers include a simple setup process and promotional discounts, reinforcing its commitment to becoming a leading home Internet provider in the U.S.