Verizon Comms Stock Price, News & Analysis

Verizon Frontline has delivered advanced technology to 14 locations in Arizona to support first responders battling 11 wildfires statewide. The Verizon Response Team (VRT) provided mission-critical communications with equipment such as Satellite Pico-cell on a Trailer (SPOT), repeaters, routers, mobile hotspots, and smartphones. This initiative is part of Verizon's commitment to enhancing public safety communication, developed over three decades of collaboration with public safety agencies. The VRT offers 24/7 emergency assistance, enabling crucial coordination and operational efficiency in crisis situations.

Verizon has officially confirmed compliance with the FCC's mandate to implement STIR/SHAKEN caller ID authentication, enhancing its efforts against robocalls. Over 78 million customers are now protected from more than 13 billion unwanted calls. Verizon completed its network upgrade to STIR/SHAKEN in March 2019, ahead of the deadline. Currently, it exchanges STIR/SHAKEN-enabled calls with carriers covering 80% of the U.S. wireless industry, processing 135 million calls per day. The company's analytics-driven programs have reduced robocalls by 500 million per month.

Catalina has announced its interoperability with Verizon Media ConnectID to enhance measurement for CPG advertisers amid the cookie deprecation era. This partnership aims to leverage a robust identity solution that provides advertisers with access to consumer data without relying on cookies. With over 200 billion data signals daily, Verizon Media can offer a reach of 148 million logged-in users. The collaboration is expected to enable seamless audience activation and improve campaign performance.

The Walt Disney Company and Verizon have initiated a trial of advanced content caching technology within Verizon's Fios network, aimed at enhancing streaming experiences for Disney+ users. Utilizing Verizon’s Open Caching platform, popular content like 'Falcon and The Winter Soldier' is stored closer to customers, resulting in faster load times and fewer interruptions. Verizon's CTO emphasized the importance of this collaboration in offering exceptional service, while Disney's CTO noted the trial's role in scaling content distribution effectively. The trial is ongoing with further potential applications for other content providers.

Verizon Visa Card holders can now redeem rewards for purchases beyond Verizon, including gift cards, flights, and hotel bookings. Card holders earn 2% in Verizon Dollars on Auto Pay bill payments and can enjoy two free days of TravelPass annually. The card offers 4% on groceries and 3% on dining, with no earning limits. New card members can receive up to $100 in credit applied to their wireless bill within 24 months. The initiative is part of a partnership with cxLoyalty to enhance customer experiences in travel and gift card redemptions.

Verizon Frontline has deployed advanced communication technology to 10 locations in Colorado to assist first responders tackling wildfires. This initiative includes support for the Muddy Slide, West, and Sylvan fires, facilitated by the Verizon Response Team (VRT). The deployment features Satellite Pico-cells and various devices such as routers and smartphones to ensure reliable voice and data services in remote areas. This action highlights Verizon's commitment to public safety and its ongoing partnership with emergency services, utilizing nearly three decades of experience in developing tailored solutions.

On June 25, 2021, Verizon Communications Inc. (NYSE: VZ) announced the election of Laxman Narasimhan to its Board of Directors effective July 1, 2021. Narasimhan, CEO of Reckitt Benckiser, brings significant expertise in consumer services and global operations. His addition will expand Verizon's board to ten members, nine of whom are independent. The company aims to leverage his experience as it accelerates 5G adoption and expands its business. Verizon reported revenues of $128.3 billion in 2020, positioning itself as a leading provider of technology and communication services.

Skyward, a Verizon company, has signed a Memorandum of Agreement (MOA) with the FAA to test cellular-connected drones. The agreement focuses on using cellular communication networks for command and control (C2) within the National Airspace System, particularly for complex operations like beyond visual line of sight (BVLOS). Over the three-year term, both parties aim to develop standards for drone operations utilizing Verizon's reliable 4G LTE network to improve safety and operational capability. This collaboration builds on previous FAA partnerships and is aimed at enhancing drone technology and regulatory frameworks.

Verizon Frontline technology was deployed for public safety operations during a concert in Newnan, Ga., supporting victims of an EF-4 tornado. The Verizon Response Team (VRT) utilized advanced network solutions to ensure safety at the event, which is expected to attract 18,000 attendees. Verizon Frontline, developed for first responders, provides critical communication support, including portable cell sites and WiFi. This effort exemplifies Verizon's commitment to public safety and community support, following their previous response to the tornado disaster.