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. has outlined a strategic vision for growth targeting at least 4% service and other revenue growth in 2024 and beyond, alongside plans to lower capital intensity below 12%. The company aims to enhance its 5G coverage, planning to reach more than 175 million people by year-end 2022. Key initiatives include launching +play, a direct-to-consumer platform, and forming a strategic partnership with Meta to explore metaverse applications. Additionally, Verizon anticipates significant net adds in fixed wireless subscribers and a focus on private networking solutions.
Verizon has expanded its relief offerings in response to the ongoing situation in Eastern Europe. From now until March 10, the company is waiving international calling, texting, and in-country data charges for both consumer and business wireless customers to and from Ukraine, Hungary, Moldova, Poland, Romania, and Slovakia. This includes residential landline customers. Additionally, customers can donate to relief efforts in Ukraine through various organizations by texting specific keywords to designated numbers.
On March 2, 2022, Verizon deployed its Response Team in Los Angeles for Super Bowl LVI, supporting public safety agencies with Verizon Frontline solutions. Prior to the event, Verizon set up critical communications assets, including COLTs and satellite trailers, working closely with the Inglewood Police Department. The installation ensured high-bandwidth, 5G connectivity for emergency responders, measured at over a gigabit. Verizon's Frontline network, developed over decades, enhances communication for first responders during major events, underlining the company's role in public safety.
Verizon is hosting a free virtual event on March 8, 2022, for International Women’s Day, featuring Jaclyn Johnson, founder of Create & Cultivate, alongside executives from major companies like Chipotle and Kimberly-Clark. The event aims to support women navigating their careers, acknowledging that 1.1 million women have left the workforce since February 2020. Verizon emphasizes ongoing efforts to remove structural barriers faced by women in the workplace. The online platform Women’s CoLab offers resources and community support for women in various stages of their professional journey.
Verizon Communications (VZ) is set to hold its Investor Day 2022 on March 3, at 9:00 a.m. ET. During this event, CEO Hans Vestberg and senior leadership will discuss the company's strategic updates and its advancements in 5G initiatives and network performance. Verizon, a global leader in technology and communications, reported revenues of $133.6 billion in 2021. Investors can access the meeting and related materials on Verizon’s Investor Relations website.
Verizon Communications has successfully settled its fourth green bond offering, raising $1 billion, with proceeds directed towards renewable energy investments to enhance the U.S. electrical grid's sustainability. This follows the complete allocation of its third green bond within five months. Since 2019, Verizon has issued four green bonds totaling $4 billion. The company is committed to diversity in capital markets by partnering with minority- and women-owned firms for underwriting. In 2021, Verizon paid over $20 million in fees to such firms, reinforcing its ESG strategy alongside significant revenue generation of $133.6 billion in 2021.
Verizon Business and BlackRock announced the deployment of a private 5G network at BlackRock’s new headquarters in New York's Hudson Yards, marking a significant first for commercial 5G implementation in the U.S.
The network enhances secure connectivity for critical areas such as trading floors and conference centers, facilitating advanced applications like AR/VR and real-time edge computing.
Verizon’s On Site 5G offers a scalable platform, combining 5G Ultra Wideband with LTE, positioning BlackRock at the forefront of data-centric innovation.
The Board of Directors at Verizon Communications has declared a quarterly dividend of 64 cents per share, consistent with previous quarters. This dividend is payable on May 2, 2022, to shareholders on record by April 8, 2022. Verizon reported $10.4 billion in cash dividend payments in 2021 and has approximately 4.198 billion shares outstanding. Chairman Hans Vestberg credited the company's operational performance for enabling this return to shareholders, as Verizon generated $133.6 billion in revenues last year.
Maggie Hallbach has been appointed as the senior vice president for Verizon Public Sector, a role in which she will oversee services for federal, state, local, education, and public safety customers. With over 25 years at Verizon, Hallbach's previous role included leading business development. She is expected to leverage her extensive experience and relationships to drive innovation and support customer missions. Under her leadership, Verizon aims to enhance its network reliability and digital transformation initiatives, especially with the upcoming 5G Ultra Wideband launch.
Verizon Business has announced the integration of VMware into its global managed SD-WAN service portfolio. This addition aims to enhance network services for cloud-ready enterprises, enabling centralized orchestration and improved user experiences across diverse devices. Designed for modern applications, the solution offers bandwidth efficiency, cost control, and swift deployment, addressing the complexities of wide area networks. This partnership signifies a strategic move in Verizon’s Network as a Service initiative, further solidifying its offerings in the cloud-based service sector.