Verizon Comms Stock Price, News & Analysis

Verizon Connect is assisting customers in transitioning from 3G to 4G LTE technology, enhancing vehicle tracking capabilities. KRP Rentals and Trucking, based in Odessa, Texas, upgraded their vehicle tracking systems and reported faster response times and improved accuracy in asset location. The 4G migration enables better data speed, coverage, and tracking features, supporting seamless fleet operations. Verizon Connect offers resources to facilitate this transition, with the sunset of 3G scheduled for December 31, 2022.

Verizon is celebrating Father’s Day with exclusive offers on 5G phones and accessories. Customers can purchase a Samsung Galaxy S21+ 5G and receive a second phone at no cost with select unlimited plans. Verizon also provides up to $600 for switching two lines and includes premium entertainment subscriptions like Disney+, Hulu, and ESPN+ with upgrades to certain plans. The network boasts extensive coverage, now reaching over 230 million people, enhancing data speeds and connectivity with 5G Ultra Wideband.

On June 4, 2021, Verizon's CTO, Kyle Malady, will present at the virtual Wells Fargo Media Telco Day on June 7 at 9:30 a.m. ET. The webcast will be available on Verizon’s Investor Relations website. Verizon, a leader in technology and communications since its formation on June 30, 2000, reported revenues of $128.3 billion in 2020. The company is headquartered in New York City and provides a wide range of services, including data and voice solutions, highlighting its commitment to reliable network connectivity.

Verizon has appointed Manon Brouillette as the Chief Operating Officer and Deputy CEO of its Consumer Group, aimed at enhancing customer experience and driving growth in 5G technology. Brouillette previously served as President and CEO of Vidéotron, where she led significant growth. Her extensive experience in telecommunications will support Verizon’s market leadership while fostering employee engagement. The company continues to invest in C-band spectrum and the pending Tracfone acquisition to further expand its consumer services.

On June 2, 2021, Verizon Communications declared a quarterly dividend of 62.75 cents per share, consistent with previous payments. This dividend will be payable on August 2, 2021, to shareholders of record by July 9, 2021. The company aims to enhance shareholder value through a sustained multi-purpose network strategy. In 2020, Verizon paid out $10.23 billion in dividends. With approximately 4.1 billion shares outstanding, Verizon reported revenues of $128.3 billion in 2020.

Verizon expands its 5G Home Internet service to seven additional cities, including Columbus, Greensboro, and Raleigh starting June 3, followed by Des Moines, New Orleans, Seattle, and Tucson on June 10. This expansion brings the service to a total of 40 markets, meeting the growing demand as 77% of homebuyers value 5G connectivity. To encourage switches, Verizon offers up to $500 in early termination fee coverage and a $100 credit for new online customers.

Verizon is enhancing customer access to its 5G network by allowing trade-ins of any phone condition for new 5G devices on select unlimited plans. The initiative aims to attract both new and existing consumers and small businesses, offering coverage for switching costs. Customers can enjoy premium entertainment options, including Apple Music and Disney+, with their plans. Verizon's 5G Ultra Wideband is now available in over 75 cities, providing ultra-fast speeds for various applications. The summer promotion runs from June 4 to July 30, focusing on small business solutions.

Ronan Dunne, Verizon's EVP and Group CEO for Consumer, will speak at the Bernstein 37th Annual Strategic Decisions Conference on June 2, 2021, at 8 a.m. ET. The event will be webcast live, and details can be found on Verizon's Investor Relations page.

Verizon, one of the leading global providers of communication and technology services, reported $128.3 billion in revenue for 2020. The company is headquartered in New York City and offers a range of services, including data, video, and voice solutions, on its renowned networks.

AiFi has partnered with Verizon Business to introduce an autonomous shopping experience at the 105th Indianapolis 500 on May 30, 2021. The event will feature AiFi's NanoStore, a fully autonomous store utilizing Verizon's 5G Ultra Wideband network. Attendees can purchase snacks and merchandise while avoiding crowded lines through a contactless shopping experience. AiFi's technology boasts a 99% accuracy rate without using facial recognition. The partnership aims to enhance customer service and safety during large gatherings, catering to the evolving demands of event attendees.