Verizon Comms Stock Price, News & Analysis

Verizon is launching a promotion for customers who have received at least one COVID-19 vaccination, offering a 10% discount on accessories. This offer, effective from June 15, 2021, is also available for teachers, nurses, first responders, and military personnel. To redeem, customers must complete a questionnaire and will receive a promo code via SMS within 24 hours. The discount can be combined with other existing accessory promotions for increased savings on popular tech products. The offer is valid until August 15, 2021.

Verizon Business has launched On Site 5G, its first commercially available private 5G network solution in the U.S. This innovation allows large enterprises and public sector clients to establish custom, secure 5G networks at various facilities, enhancing connectivity even in areas lacking public 5G coverage. The solution supports data-intensive applications like IoT and real-time edge compute. Existing On Site LTE customers can seamlessly transition to the 5G network, which combines 5G Ultra Wideband and LTE capabilities for optimal performance.

Verizon Business launched its new Advanced Secure Access Service Edge (SASE) solution, combining SD WAN capabilities with network security services. This unified, cloud-delivered model aims to meet the complex needs of modern enterprises, especially in light of increased online threats and the challenges posed by the COVID-19 pandemic. The solution provides adaptive, end-to-end managed services, allowing businesses to focus on growth while Verizon handles their network security.

Verizon Connect is assisting customers in transitioning from 3G to 4G LTE technology, enhancing vehicle tracking capabilities. KRP Rentals and Trucking, based in Odessa, Texas, upgraded their vehicle tracking systems and reported faster response times and improved accuracy in asset location. The 4G migration enables better data speed, coverage, and tracking features, supporting seamless fleet operations. Verizon Connect offers resources to facilitate this transition, with the sunset of 3G scheduled for December 31, 2022.

Verizon is celebrating Father’s Day with exclusive offers on 5G phones and accessories. Customers can purchase a Samsung Galaxy S21+ 5G and receive a second phone at no cost with select unlimited plans. Verizon also provides up to $600 for switching two lines and includes premium entertainment subscriptions like Disney+, Hulu, and ESPN+ with upgrades to certain plans. The network boasts extensive coverage, now reaching over 230 million people, enhancing data speeds and connectivity with 5G Ultra Wideband.

On June 4, 2021, Verizon's CTO, Kyle Malady, will present at the virtual Wells Fargo Media Telco Day on June 7 at 9:30 a.m. ET. The webcast will be available on Verizon’s Investor Relations website. Verizon, a leader in technology and communications since its formation on June 30, 2000, reported revenues of $128.3 billion in 2020. The company is headquartered in New York City and provides a wide range of services, including data and voice solutions, highlighting its commitment to reliable network connectivity.

Verizon has appointed Manon Brouillette as the Chief Operating Officer and Deputy CEO of its Consumer Group, aimed at enhancing customer experience and driving growth in 5G technology. Brouillette previously served as President and CEO of Vidéotron, where she led significant growth. Her extensive experience in telecommunications will support Verizon’s market leadership while fostering employee engagement. The company continues to invest in C-band spectrum and the pending Tracfone acquisition to further expand its consumer services.

On June 2, 2021, Verizon Communications declared a quarterly dividend of 62.75 cents per share, consistent with previous payments. This dividend will be payable on August 2, 2021, to shareholders of record by July 9, 2021. The company aims to enhance shareholder value through a sustained multi-purpose network strategy. In 2020, Verizon paid out $10.23 billion in dividends. With approximately 4.1 billion shares outstanding, Verizon reported revenues of $128.3 billion in 2020.

Verizon expands its 5G Home Internet service to seven additional cities, including Columbus, Greensboro, and Raleigh starting June 3, followed by Des Moines, New Orleans, Seattle, and Tucson on June 10. This expansion brings the service to a total of 40 markets, meeting the growing demand as 77% of homebuyers value 5G connectivity. To encourage switches, Verizon offers up to $500 in early termination fee coverage and a $100 credit for new online customers.