Welcome to our dedicated page for Verizon Comms news (Ticker: VZ), a resource for investors and traders seeking the latest updates and insights on Verizon Comms 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 Communications Inc. (NYSE: VZ) held its first in-person shareholder meeting since 2019 on May 12, 2022. Shareholders re-elected all eleven directors for one-year terms and supported two management proposals: executive compensation and the appointment of Ernst & Young LLP as the independent auditor. However, four shareholder proposals were defeated, including reports on charitable contributions and executive compensation policies. Preliminary vote results will be finalized and posted on Verizon’s website, with 2021 revenues reported at $133.6 billion.
Verizon is offering special savings of up to $300 per year on its best 5G Unlimited plans for qualifying customers, including military, first responders, teachers, and nurses. Customers can save $25 monthly with personal accounts. Additionally, Fios 300 Mbps home internet is available for as low as $34.99/month with Auto Pay. Verizon's 5G Ultra Wideband network provides speeds up to 10 times faster than 4G LTE, serving 110 million people across 1,700 cities, aiming for coverage of 175 million by year-end 2022.
Verizon Business and Visionable have launched a center in Kent, U.K., focused on advancing connected healthcare technologies. This center showcases innovations like Verizon’s private 5G and AI-driven networking solutions, designed to enhance patient care. Key demonstrations include virtual wards, connected emergency services, and digitalized hospital care pathways. The collaboration aims to foster innovation, improve healthcare delivery, and benefit patients globally. Verizon's telehealth solutions, including BlueJeans Telehealth, aim to enhance accessibility and safety in healthcare services.
Verizon announces the launch of the new Google Pixel 6a, available for pre-order on July 21 and in stores starting July 28. Priced at $13.88 per month for 36 months ($499.99 retail), the Pixel 6a promises access to Verizon's 5G Ultra Wideband, enhancing streaming and gaming experiences. Key features include a 12MP dual camera, a 6.1” gOLED display, and advanced Google Tensor chip. Additionally, Pixel Buds Pro will launch alongside at $199.99, offering high-quality sound and noise cancellation. This move underlines Verizon's commitment to affordable 5G technology.
Verizon is providing crucial support for customers affected by wildfires in New Mexico from May 11 to 17, 2022, offering unlimited calling, texting, and data to impacted consumers and small businesses. A Wireless Emergency Communication Center has been established to provide free WiFi and charging services for displaced residents. Additionally, the Verizon Frontline Response Team is aiding first responders in Arizona and New Mexico with critical communication solutions, having deployed over 250 frontline devices to enhance emergency operations.
Verizon is actively supporting the Federal Communications Commission’s Affordable Connectivity Program (ACP) to provide low-cost internet access to vulnerable populations. Currently, over 11.5 million low-income homes benefit from this initiative. ACP-qualified customers can access Verizon Fios' fiber optic internet free of charge, featuring 200Mbps download/upload speeds without hidden costs. These efforts align with Verizon’s Citizen Verizon initiative, aiming to enhance social and economic advancement through a $3 billion pledge. This commitment reflects Verizon's dedication to bridging the digital divide.
Verizon has deployed its Frontline Response Team to assist first responders in New Mexico and Arizona amid ongoing wildfires, including the Calf Canyon and Hermits Peak fires. Over 200 Verizon Frontline solutions, including phones and routers, have been provided to enhance communication for firefighting efforts, covering more than 170,000 acres in New Mexico and nearly 30,000 acres in Arizona. This support, offered at no cost to local agencies, underscores Verizon's commitment to public safety and innovation in emergency communications.
Verizon showcased its advanced 5G Ultra Wideband network during the Formula 1 Crypto.com Miami Grand Prix, providing customers with enhanced mobile experiences. Attendees enjoyed peak download speeds of 2.8 Gbps and an average of over 1 Gbps. Over the event's first two days, users consumed 30 TB of data. Verizon's network team ensured reliable connectivity for fans and safety personnel. With a footprint in over 1700 cities, Verizon's commitment to delivering high-speed connectivity is evident as it continues to enhance event experiences.
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Verizon has launched a promotional offer allowing new and existing customers to get an iPhone 13 or up to $800 towards a new 5G phone with select trade-in and 5G Unlimited plans. This initiative is in response to rising living costs, aiming to provide customers with better value amidst financial strain. The best 5G Unlimited plans offer up to $90/month in included value, featuring popular entertainment services like Disney+ and Hulu. Additionally, 5G Home Internet is available starting at just $25/month.