Verizon Comms Stock Price, News & Analysis

Verizon Public Sector has secured five Enterprise Infrastructure Solutions (EIS) task orders from the U.S. Department of Labor to modernize its legacy telecommunications and IT services for 20,000 users. This partnership aims to build a secure, converged data and voice network across nearly 1,000 locations. The task orders involve enhancing the DOL's IT backbone, audio and web conferencing, and deploying Unified Communications Services. Additionally, Verizon will transition the DOL’s hosting service to a scalable data center environment, thereby reducing IT infrastructure costs.

Verizon Business and Yealink launched the One Talk T67LTE, the first advanced desk phone in the US featuring embedded 4G LTE technology. Designed for hybrid workers, this device supports seamless communication without the need for rewiring, using Verizon's reliable network. The T67LTE offers HD voice service, integrates easily with the One Talk product suite, and can be relocated without complex setups. Set for availability in Q4 2021, this phone enhances workplace mobility and performance by freeing up internet bandwidth.

Verizon Business has unveiled an upgraded BlueJeans platform aimed at enhancing virtual collaboration for hybrid work environments. Key features include BlueJeans Spaces, a 2D and 3D virtual office to foster spontaneous interactions, and a new Collaboration Board for continuous teamwork. A survey from Momentive reveals 43.5% of hybrid employees feel team culture has faltered since the shift to remote work. Additionally, BlueJeans Meetings now allows up to 1,000 participants, introducing features like Audio Lock and Open Breakout Sessions to boost engagement.

Verizon Frontline has secured a contract to provide connectivity solutions and smartphones for Harris County, Texas Emergency Services District No. 11. This initiative aims to enhance emergency medical services, which respond to over 55,000 calls and serve more than 600,000 residents annually. With Verizon's reliable network, first responders will have access to advanced technology tailored for their needs, ensuring real-time interoperability and priority services in critical situations. The partnership underscores Verizon's commitment to public safety and emergency responsiveness.

Verizon Public Sector has been selected by the U.S. Department of Defense to provide its 5G Ultra Wideband mobility service at seven Air Force Reserve Command installations across the U.S. This deployment aims to enhance productivity with increased speeds, bandwidth, and lower latency for personnel and local communities. This is part of a broader initiative, building on previous contracts to improve wireless services across 17 bases. Verizon is committed to supporting the Air Force’s digital transformation, especially in areas such as telemedicine and high-definition video.

Verizon's CEO, Hans Vestberg, is set to speak at the Goldman Sachs 30th Annual Communacopia Conference on September 21 at 8:00 a.m. ET. The remarks will be available via webcast on Verizon’s Investor Relations website. Verizon, formed on June 30, 2000, generated revenues of $128.3 billion in 2020, providing technology, communications, and entertainment services globally. The company is committed to meeting customer demands for mobility, connectivity, and security.

Verizon announced the results of its private offers to exchange eight series of outstanding notes, maturing from 2024 to 2026, for newly issued notes due 2032. The exchange offers, which complied with all conditions as of the early participation date, will settle on September 20, 2021. Verizon successfully accepted a principal amount equal to the new notes cap for the old notes tendered by the early participation date, making further tenders unnecessary. The new notes carry a coupon rate of 2.355% and will total approximately $4.66 billion in principal.