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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.
The Verizon/Unloc Young Entrepreneurs Challenge has announced its five finalists competing for a £10,000/€11,000 Grand Prize on March 1, 2022. Finalists include innovative projects like Cotter Agritech's agricultural solution, Ango's sustainable shopping app, Movetru's wearable health device, SoundLence's noise-canceling headset, and Compound's eco-friendly footwear initiative. The competition aims to inspire young entrepreneurs in technology and sustainability, offering funding, mentorship, and entry to the One Young World 2022 Tokyo Summit for the winner.
DivInc has launched its inaugural 5G Sports Tech Accelerator in Houston, supported by Verizon. This program aims to assist startups focusing on technology in sports, including fan experience and esports. The accelerator will accept 10 companies, providing each with $10,000 in non-dilutive funding over a 12-week period from April to June 2022. This initiative seeks to bolster Houston's reputation as a sports innovation hub while promoting inclusivity among underrepresented founders in the technology sector.
Verizon Business has announced that BlueJeans by Verizon has been selected as the video conferencing provider for Canada’s National Research and Education Network (NREN). This partnership allows educational institutions across Canada to utilize BlueJeans' secure video collaboration services, enhancing remote learning. The platform offers features like HD audio and video, breakout rooms, and transcription. NREN connects over 750 educational and research institutions across the country, emphasizing BlueJeans' commitment to improving educational accessibility.
Verizon and Atos have announced a groundbreaking partnership to deliver smart IoT solutions via private 5G multi-access edge computing. This collaboration aims to enhance operational efficiency, risk mitigation, and revenue generation for businesses, governments, and communities globally. The solution combines Atos' Computer Vision platform with Verizon's 5G network, enabling predictive analytics capable of processing 180 billion data points hourly to forecast operational downtimes up to 30 days in advance. This end-to-end architecture offers scalable, low-latency solutions across various industries, positioning both companies as leading 5G providers.
Verizon Communications reported strong 2021 results, achieving a full-year earnings per share (EPS) of $5.32, up from $4.30 in 2020, and operating revenues of $133.6 billion, a 4.1% increase year-over-year. In the fourth quarter, EPS remained stable at $1.11, with adjusted EPS rising to $1.31, an 8.3% growth. Total wireless service revenue reached $17.8 billion, a 6.5% increase driven by higher average revenue per account (ARPA) and the acquisition of TracFone. Looking ahead, Verizon expects organic revenue growth of around 3% for 2022.
Verizon Communications Inc. (NYSE: VZ) is set to report its fourth-quarter 2021 earnings on January 25, 2022, at 8:30 a.m. Eastern Time. Prior to the webcast, access instructions, earnings news release, and financial tables will be available on Verizon's Investor Relations website from 7:00 a.m. The company generated revenues of $128.3 billion in 2020 and is recognized globally for providing advanced technology and communication services.
Verizon has announced seven new Renewable Energy Purchase Agreements (REPAs), increasing its total to 20 since 2019. The new agreements add approximately 910 megawatts (MW) of renewable energy capacity, contributing to a cumulative total of around 2.6 gigawatts (GW). These initiatives aim to support Verizon's goal of sourcing or generating renewable energy equivalent to 50% of its total electricity consumption by 2025. The projects are expected to avoid over 4.8 million metric tons of CO2 annually, furthering Verizon's commitment to sustainability.
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Verizon has expanded its 5G Ultra Wideband network, now available to over 100 million people in more than 1,700 cities. This growth allows access for over 20 million households and 2 million businesses. The company is introducing new unlimited plans, including 5G Get More and 5G Play More, at the same price as current offerings. Key features of 5G Home Internet include self-setup and no extra fees. Verizon aims to enhance connectivity for both consumers and businesses, showcasing the impact of 5G through initiatives like the 5G Ultra Show.
Verizon Business has launched new Business Unlimited Data Device plans, enhancing connectivity with its 5G Ultra Wideband network now accessible to 100 million people in over 1,700 cities. The plans include options for $45/month offering 60 GB and $75/month offering 100 GB, both facilitating remote work and high-definition video streaming. CEO Tami Erwin emphasized the transformative potential of 5G for businesses, especially in overcoming pandemic challenges. The offerings cater to current and new customers with 5G-enabled devices, providing significant value through increased data and enhanced performance.