Verizon Comms Stock Price, News & Analysis

Verizon Connect has fully migrated its fleet management platform, Verizon Connect Reveal, to Amazon Web Services (AWS). This transition aims to enhance security, scalability, and reliability while accelerating product development. Nick Power, CTO of Verizon Connect, highlighted that being on AWS will improve customer experience and solidify their market position. AWS's infrastructure will enable better data utilization for fleet optimization, safety, and sustainability. In 2021, Verizon Connect received nine industry awards, further establishing its leadership in fleet management software.

Verizon and Live Nation have announced a multi-year partnership leveraging 5G technology to enhance live music experiences. The new 'First Access' presale program provides millions of tickets exclusively for Verizon customers, starting with tours from artists including The Weeknd and Imagine Dragons. The partnership aims to outfit iconic venues across the U.S. with 5G Ultra Wideband, enabling fans to stream and share content at speeds up to 10x faster than 4G. Additional features include exclusive live streaming concerts and immersive fan experiences.

Verizon expands 5G Ultra Wideband service by entering agreements for early access to additional C-band spectrum. This enables broader service coverage in major markets like Atlanta, Denver, Baltimore, and Washington DC this year. Verizon anticipates deploying up to 100 MHz of spectrum to cover at least 30 additional markets by the end of 2022, a year ahead of schedule. With speeds reaching up to one gigabit per second, the enhancements aim to improve customer experience and network efficiency significantly.

On March 17, 2022, Verizon announced its ongoing efforts to combat unwanted spam text messages, blocking millions daily. Currently, U.S. consumers send about 20 billion messages each day. Verizon employs network-level systems and automation to monitor and prevent spam while collaborating with industry leaders for improved security. Customers are encouraged to report spam texts by forwarding them to 7726. Verizon's commitment to protecting its users includes a history of successful robocall prevention, having blocked over 20 billion unwanted calls.

Verizon Business has launched Verizon Mobile for Microsoft Teams, integrating Verizon Wireless business numbers with Microsoft Teams for enhanced mobile calling capabilities. This service allows users to make calls through Teams while utilizing their native mobile dialer, enhancing collaboration for enterprises. Key benefits include mobile manageability, unified call control, and network flexibility. Verizon's robust network, complemented by its existing VoIP for Operator Connect service, positions the company to meet the growing demand for unified communication solutions in a hybrid work environment.

Verizon's wireless network is designed to withstand extreme weather events, including hurricanes, wildfires, and earthquakes. With nearly 80% of macro cell sites equipped with generator back-up, the network ensures reliability even during power outages. Verizon has implemented various protective measures, such as fire-resistant paint and seismic bracing at facilities. The company is dedicated to keeping customers connected, with advanced planning and infrastructure set to minimize disruption during emergencies. In 2021, Verizon generated revenues of $133.6 billion.

Verizon Business has announced the availability of BlueJeans Telehealth through a new distribution agreement with Kajeet to enhance its partner network. This HIPAA-ready virtual care platform aims to meet the rising demand for connected health solutions across the U.S. market. The collaboration aims to improve patient-provider communication, drive better outcomes, and lower costs for healthcare providers. The platform supports various healthcare applications, including remote patient monitoring and rural medicine.

The U.S. Department of Defense has awarded Verizon Public Sector three significant task orders totaling $966.5 million for enterprise infrastructure solutions. The largest order, worth $515.3 million, involves transitioning the Pentagon's communication systems from copper-based to advanced IP-based services, affecting over 52,000 voice lines. The DOD-National Capital Region will receive $432.9 million for services across more than 370 locations, while Fort Belvoir will benefit from an $18.3 million task order. This partnership aims to enhance technology and communication infrastructure.

Verizon has launched the Fios Forward program, enabling eligible customers under the Affordable Connectivity Program (ACP) to receive free high-speed Internet. This initiative aims to enhance digital inclusion by providing premium Internet without hidden fees or data caps, crucial for activities like telehealth and remote work.

Qualifying customers can access Fios’ fiber optic Internet with speeds starting at 200 Mbps. Verizon's commitment to social advancement includes a $3 billion investment through its Citizen Verizon initiative, supporting low-income households and underlining the company’s aim to bridge the digital divide.