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. (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.
Verizon announced the launch of its 5G Ultra Wideband network, set to enhance connectivity for over 90 million Americans. As the leading wireless provider, Verizon is taking a proactive measure by temporarily limiting 5G deployment near certain airports to address concerns from the FAA and airlines. Despite being fully operational in over 40 other countries, Verizon insists on this limitation until navigational issues are fully resolved. Verizon generated $128.3 billion in revenue in 2020, reinforcing its position in the technology and communications sector.
Verizon and AWS have expanded their 5G Edge with AWS Wavelength mobile edge computing service to four new U.S. cities: Charlotte, Detroit, Los Angeles, and Minneapolis. This expansion allows developers to deploy applications with ultra-low latency, enabling innovative solutions such as drone and energy management. Companies like Easy Aerial and Fermata Energy leverage this technology for real-time data processing, enhancing operational efficiency and reducing costs. The service is now available in 17 locations across the U.S.
Verizon has launched a 5G Innovation Hub at Arizona State University (ASU), aimed at bridging the digital divide through technology. The first program, 'The Digital Equity Jam', invites student teams to create solutions using 5G Ultra Wideband and mobile edge compute. This initiative responds to the needs of an estimated one million residents in Arizona lacking internet access. Sponsored by Verizon, AWS, and Inseego, the program will begin in February 2022, culminating in funding and training for the winning team.
Verizon Business has launched BlueJeans Studio, an all-in-one event production and live streaming platform. This new tool enables creators and businesses to easily produce professional-grade live streams without technical expertise. Key features include no technical integration, ease of use, cost-effective subscription plans starting at $42/month, and the ability to host unlimited events. The platform aims to enhance audience engagement and extend broadcast reach across major platforms like Facebook, YouTube, and Twitch. BlueJeans Studio will be included in existing Events subscriptions at no extra cost.
Verizon Frontline restored communication services in Washington, a small mining town in Northern California, after a severe snowstorm disrupted landline services. Following a request from the Nevada County Sheriff’s Office, Verizon deployed its Satellite Picocell on a Trailer (SPOT) to provide 4G LTE and Wi-Fi services, aiding both residents and first responders. The support was offered at no cost and emphasized Verizon's ongoing commitment to public safety. With a history of collaboration with first responders, Verizon Frontline continues to enhance emergency communications capabilities.