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 and Google Cloud have partnered to enhance mobile computing with 5G Edge technology, bringing cloud capabilities closer to connected devices. This initiative will provide real-time support for enterprise applications such as intelligent logistics and autonomous robots. The collaboration aims to unlock efficiencies and improve productivity across various industries. Additionally, Ericsson will pilot this technology at its USA 5G Smart Factory, utilizing Verizon's Sensor Intelligence solution for inventory management, enhancing operational effectiveness.
iBASIS has announced the approval of Verizon's local profile, the first to utilize dynamic download technology for IoT connectivity. This new feature addresses permanent roaming challenges in the U.S. by allowing devices to operate as local SIMs. With improved global coverage and reliability, iBASIS enhances its iBASIS Global Access for Things™ eSIM. The partnership with Verizon meets GSMA remote SIM provisioning standards, furthering iBASIS' position in both Low Power Wide Area (LPWA) and High Data use cases for IoT devices.
Verizon is offering unlimited calling, texting, and data for consumer and small business customers in parts of Kentucky and Illinois affected by tornadoes from December 12 to December 18. The initiative includes support from the Verizon Response team, which is available 24/7 to assist first responders. Areas impacted include Mayfield and Owensboro in Kentucky, and Edwardsville in Illinois. This action aims to ensure connectivity during recovery efforts, reflecting Verizon's commitment to community support.
Verizon's Skyward has announced the preorder availability of the Parrot ANAFI Ai, the first drone utilizing Verizon's 4G LTE connectivity. This new offering allows mid-flight processing of data into 2D maps and the creation of 3D models.
The Skyward Connected Drone Solution includes the drone, a one-year subscription, and free connectivity if ordered by January 31, 2022. Priced at $4,000, the drone facilitates faster data transfer and enhanced operational capabilities for various industries. Verizon emphasizes its commitment to advancing drone technology through reliable connectivity.
Verizon has surpassed its target of 14,000 new 5G Ultra Wideband cell sites, achieving coverage in 87 U.S. cities. The company reports a 750% year-over-year increase in 5G data usage. Verizon now offers 5G Home service in parts of 65 cities and 5G Business Internet in 62 cities. The ongoing deployment of C-Band spectrum will expand coverage to an additional 100 million customers by March 2022. This expansion, despite global supply chain challenges, positions Verizon for accelerated growth in 5G services and innovative broadband solutions.
On December 8, 2021, Verizon Frontline announced its support for public safety agencies during a year marked by significant wildfires, which affected over 6.8 million acres across 16 states. The Verizon Response Team provided approximately 2,000 advanced network solutions to nearly 200 communities at no cost, aiding fire mitigation efforts. These included mobile hotspots, routers, and satellite solutions. Verizon, a leading communication services provider, generated revenues of $128.3 billion in 2020, reflecting its commitment to enhancing public safety through technology.
On December 8, 2021, Ronan Dunne and Manon Brouillette from Verizon (NYSE: VZ) will present at the Barclays Global TMT Conference at 8 a.m. ET. The presentation will be available via webcast on Verizon’s Investor Relations website. Verizon, a leading provider of technology and communications services, reported revenues of $128.3 billion in 2020. The company has been pivotal in delivering data, video, and voice services through its robust networks.
Summary not available.
Verizon announced the appointment of Krista Bourne as Chief Operating Officer of the Verizon Consumer Group, effective January 1, 2022. Bourne, who has been with Verizon for 20 years, previously served as Senior Vice President & President of Consumer Sales and Operations, overseeing services for over 100 million customers. Her leadership is expected to enhance Verizon's market position in 5G technology and further integrate VCG into a technology-driven entity, aiming for growth in the evolving telecommunications landscape.
Hans Vestberg, Chairman and CEO of Verizon (NYSE: VZ), is set to address the virtual UBS Global TMT Conference on December 6, 2021, at 9 a.m. ET. The event will be webcast, and details are provided on Verizon's Investor Relations website. Verizon, headquartered in New York City, is a global leader in technology and communications, boasting revenues of $128.3 billion in 2020. They deliver extensive data, video, and voice services through their renowned networks, meeting customer needs for connectivity and security.