Verizon Comms Stock Price, News & Analysis

Verizon Communications has successfully completed the acquisition of TracFone Wireless for $3.125 billion in cash and stock. This deal enhances Verizon's position in the prepaid wireless market by incorporating TracFone's brands, which serve around 20 million subscribers. The acquisition enables Verizon to offer improved services, including expanded 5G access and more choices for consumers. Verizon will maintain its commitment to Lifeline services and further develop TracFone’s offerings, expecting to enhance overall customer experience and market penetration.

Verizon has received FCC approval for its acquisition of TracFone, enhancing customer offerings through improved devices, network performance, and services. Verizon aims to leverage this acquisition to expand its market presence and commitment to Lifeline services. The company expressed gratitude to FCC officials and community organizations supporting the deal. With a strong financial backdrop, generating $128.3 billion in revenue in 2020, Verizon seeks to deliver value to both existing TracFone customers and new users in a competitive market.

Verizon has launched its Black Friday deals early, offering discounts on 5G phones, home internet, and tech accessories, available in stores and online. Customers can trade in devices for up to $1200 off new smartphones and receive virtual prepaid Mastercard bonuses up to $800 for switching. Fios Gigabit Connection includes 12 months of Disney+ and AMC+, plus a choice of Google Nest products. Business customers can benefit from special offers. Promotions run from November 18 to the end of Black Friday weekend.

Verizon Business is reviving Small Business Days from November 18-24, offering early access to Black Friday deals for small and midsize businesses. Participants can access up to $1,200 in savings, waived fees, and personalized tech assessments. Eligible businesses can save on new 5G devices by trading in and starting new lines. This initiative is part of Verizon's commitment to support small businesses, complemented by the recently launched Verizon Small Business Digital Ready portal, which offers digital tools and learning resources.

Verizon Business has been selected by FM Logistic to enhance its global network infrastructure with a secure SD WAN. This upgrade will span across 14 countries, enabling FM Logistic to improve agility and performance amidst rising e-commerce demand. As digital applications expand, the new network will support high-bandwidth functionalities and optimize supply chain management, crucial for customer satisfaction. FM Logistic, a key player in omnichannel supply chain services, relies on Verizon's expertise for future growth and innovation.

Verizon has launched a new feature, Number Share - Home, allowing hands-free audio calls via Amazon Alexa-enabled devices. Customers who sign up and purchase an Alexa device from Verizon will receive three months free. This feature supports various user needs, enabling calls when phones are out of reach and allowing emergency calls using voice commands. The service costs $5 per month after a trial period, enhancing convenience for diverse households.

Matt Ellis, CFO of Verizon (NYSE: VZ), will speak at the Morgan Stanley European Technology, Media and Telecom Conference on November 17, 2021, at 8:35 a.m. ET. The event will be available via webcast on Verizon's Investor Relations website. Verizon, formed on June 30, 2000, is a leading global provider of tech and communications services, generating $128.3 billion in revenue in 2020. The company focuses on delivering data, video, and voice services across its extensive networks.

Verizon Communications has appointed Sam Hammock as the new Executive Vice President and Chief Human Resources Officer, effective December 1, 2021. Hammock, who has a strong background in HR from American Express, will oversee all HR practices at Verizon. Chairman and CEO Hans Vestberg emphasized the importance of attracting and retaining top talent as Verizon moves towards a 5G-connected future. Hammock's role will focus on fostering an inclusive culture while enhancing the company’s workforce to ensure they lead in network services.

Verizon has announced a $250,000 donation to the Wounded Warrior Project in honor of Veteran's Day, reinforcing its commitment to the military community. The donation aims to support various programs and services that assist American veterans. Tami Erwin, CEO of Verizon Business, expressed pride in the contributions of military service members within the company, highlighting their role in strengthening both the business and society. Verizon, a leading provider of technology and communications services, reported revenues of $128.3 billion in 2020.