Verizon Comms Stock Price, News & Analysis

Verizon Business concludes its 2024 Innovation Sessions at SoFi Stadium in Los Angeles on December 4, partnering with Ericsson. The event will showcase 5G-powered innovations featuring industry leaders from FIFA, Fox Sports, Ticketmaster, and Google. Demonstrations include cyber risk programs, Sensor Insights, Verizon Business Assistant, and various 5G applications.

The company highlights recent network upgrades in Los Angeles, including new cell sites deployment and increased fiber optic capacity. Through Verizon Innovative Learning, the company has reached over 54,000 students across 39 schools in the LA-Long Beach metro area. Additionally, more than 22,000 LA-based small businesses have registered for Verizon Small Business Digital Ready resources since September 2021.

Verizon also announces holiday promotions including smartphone trade-in offers, complimentary tablets and smartwatches with Unlimited Ultimate plans, and 5G Home Internet packages starting at $35 per month with special gaming or streaming bundles for new customers.

Verizon announces Holiday Deal Days through December 17, offering significant discounts on various products and services. The promotion includes savings on smartphones, gaming bundles, and streaming services. Key offers include up to $2,000 in value with iPhone trades, discounts on accessories like BeatsStudio Pro ($150 off), and home internet bundles featuring Xbox Gaming or Netflix & Max streaming perks. New and existing customers can trade in any phone from top brands for new devices like iPhone 16 Pro, Google Pixel 9 Pro, or Samsung S24+, with additional watch and tablet offers worth up to $1,800.

Verizon has donated $25,000 to the American Red Cross to support relief efforts following the Mountain Fire in Ventura County, which destroyed over 200 homes. The company's cell sites remained operational throughout the fire, providing essential connectivity for residents, businesses, and first responders. This donation follows a previous $25,000 contribution made earlier this year in response to the Line, Bridge and Airport wildfires. Verizon's network resilience is maintained through year-round engineering efforts, including backup power solutions and redundancy measures across critical sites.

Verizon Frontline Crisis Response Team has supported the U.S. Forest Service during the harvest of the 2024 U.S. Capitol Christmas Tree from Tongass National Forest in Alaska. The team provided critical communications solutions to assist in the tree's transportation from Alaska to Washington, D.C.

The deployment showcases Verizon Frontline's capability to deliver emergency assistance through portable cell sites, Wi-Fi hotspots, and charging stations. This service is provided 24/7 at no cost to supported government agencies and emergency responders.

The initiative demonstrates Verizon's commitment to supporting unique operations while strengthening relationships with public safety and government agencies they typically assist during crisis situations.

Verizon has donated $25,000 to Hopelink in response to a major storm that caused power outages throughout Washington. The funding will provide food assistance to communities affected by the severe weather event in the Pacific Northwest. Hopelink's food program offers fresh and healthy food at no cost to households, particularly important now as extended power outages have caused food spoilage for many families. The donation aims to support families experiencing poverty and food insecurity in King County, Washington, who have been severely impacted by the recent bomb cyclone.

Verizon successfully conducted a trial in Boston demonstrating the transportation of 1.6 terabits per second of data across a single wavelength on its live metro fiber network using Ciena's WaveLogic 6 Extreme coherent optical solution. This advancement enables faster and farther data transmission while improving reliability and energy efficiency. The upgrade positions Verizon's network to better handle AI workloads, particularly for Generative AI applications requiring real-time analysis of billions of data points. The company's multi-year network transformation includes cloud-native architecture deployment, high-performing spectrum implementation, and fiber infrastructure capacity expansion.

Verizon Communications (NYSE, NASDAQ: VZ) announced the accepted amounts and pricing terms for its tender offers covering six series of debt securities. The company will settle all validly tendered securities accepted for purchase on November 26, 2024. The tender offers include various notes due between 2025 and 2026, with Total Consideration ranging from $963.47 to $1,012.50 per $1,000 principal amount. The Extended Early Participation Date and Expiration Date is set for December 9, 2024. Verizon will continue to accept securities for purchase until the Expiration Date as the aggregate Total Consideration has not exceeded the Waterfall Cap.

Verizon (VZ) announced early results for its tender offers to purchase six series of debt securities. As of November 21, 2024, significant portions of various notes were tendered: 38.13% of 3.376% notes due 2025, 42.68% of Floating Rate notes due 2025, 43.98% of 0.850% notes due 2025, 48.63% of 1.450% notes due 2026, 51.26% of Floating Rate notes due 2026, and 43.44% of 2.625% notes due 2026.

The company extended the early participation date to December 9, 2024, which coincides with the offers' expiration date. Settlement for securities tendered by the original early participation date is scheduled for November 26, 2024.

Verizon announces relief measures for customers affected by the Pacific Northwest storm, waiving domestic call/text/data usage charges from Nov. 21-27, 2024, for prepaid and postpaid customers in Washington's King, Skagit and Snohomish counties. The company's prepaid brands are extending service end dates to November 27. Verizon's engineers are focusing on restoring connectivity and maintaining service through refueling operations at sites without commercial power. No action is required from customers as overages will be automatically credited.