Verizon Comms Stock Price, News & Analysis

Verizon has launched a program to provide wireless broadband access to underserved communities in Massachusetts and eight neighboring states, plus the District of Columbia. This initiative aims to narrow the digital divide highlighted by the pandemic, where 43.7% of low-income households lack high-speed internet. Eligible families include those participating in the National School Lunch Program and Pell Grant recipients. Verizon previously assisted over 38 million students with internet access during the pandemic, underscoring its commitment to connectivity.

Verizon Business has welcomed Speak Loud Media, a marketing firm based in Wylie, Texas, as a new customer, enhancing its service offerings. The firm, founded by DJ Shirley, sought Verizon after experiencing issues with its previous wireless provider. They will benefit from BlueJeans video conferencing, device security, and tech support. According to Verizon's recent survey, 63% of small and midsize businesses are implementing digital tools for growth, with 68% believing in future improvement.

Verizon announces an exciting promotion for new and existing customers to get an iPhone 13, along with iPad offerings. Customers can pre-order on September 17 and receive significant discounts, up to $800, based on trade-ins and plan selections. The new iPhone 13 models feature the revolutionary A15 Bionic chip, enhanced camera systems, and improved battery life. Verizon's 5G network continues to expand, now covering over 80 cities. Promotions also include Apple Music and Apple Arcade subscriptions. This effort aims to strengthen customer engagement and drive sales for the new Apple products.

Ronan Dunne, executive vice president for Verizon (NYSE: VZ), will speak at the Bank of America Securities 2021 Media, Communications & Entertainment Conference on September 13, 2021, at 9:25 a.m. ET. His remarks will be available via webcast on Verizon's Investor Relations website. Verizon, headquartered in New York City, generated revenues of $128.3 billion in 2020 and is a leading provider of technology and communication services globally, offering mobility, security, and network solutions to its customers.

Verizon has expanded its 5G Ultra Wideband services to four new cities: Harrisburg, PA; Athens, GA; Orlando, FL; and Fremont, CA, bringing the total to 82 metros. Additionally, 5G Home Internet is now available in five more cities, totaling 57 locations. The service offers download speeds up to 1 Gbps and starts at $50 monthly for existing customers. Verizon is incentivizing switches from other ISPs by covering early termination fees up to $500. The advancements in 5G technology promise enhanced performance for both consumers and enterprises.

Verizon has announced a 10-year extension of its partnership with the NFL, becoming the league's Official Technology Partner and 5G Network. This collaboration aims to enhance innovation in management, training, and fan experiences across NFL venues. Verizon's 5G Ultra Wideband is already operational in parts of 25 stadiums, allowing fans to enjoy features like Multi-View camera angles. The partnership represents a significant investment, including over $80 million for Super Bowl preparations in Tampa. Verizon continues to develop advanced 5G applications that could transform game-day operations and fan engagement.

Verizon Communications (VZ) issued its third green bond worth $1 billion on September 3, 2021, reinforcing its position as a top corporate buyer of renewable energy in the U.S. The proceeds will fund renewable energy projects, including long-term virtual power purchase agreements (VPPAs) for nearly 1.9 gigawatts of capacity. These efforts align with Verizon's goals to meet 50% of its electricity needs through renewable sources by 2025 and achieve net-zero operational emissions by 2035. The company also emphasizes diversity in its underwriter selection, partnering with diverse firms for this bond issuance.

Verizon announced an exchange offer for its eight series of outstanding notes maturing from 2024 to 2026, allowing eligible holders to exchange them for new notes due in 2032. The exchange offers commence on September 2, 2021, and expire on October 1, 2021. Eligible holders must tender their old notes by September 16, 2021, to qualify for early participation payments. The exchange is capped at $3.5 billion, with various conditions including a minimum issue requirement of $1 billion. All transactions depend upon satisfying certain conditions as detailed in the offering memorandum.