Verizon Comms Stock Price, News & Analysis

Verizon is launching the Verizon Access Concert Series, featuring exclusive live performances by Becky G and Xavi for Verizon customers this fall. The series aims to bring customers closer to their favorite artists through unparalleled experiences. Xavi will perform at 713 Music Hall in Houston on October 25, while Becky G will take the stage at The Fillmore in Miami on November 12.

Verizon customers can obtain free tickets through various methods, including the Verizon Access program via the myVerizon app, in-store sweepstakes at select Verizon stores, and social media giveaways. The ticket drop for Xavi's performance begins on October 3, and for Becky G on October 11. This initiative is part of Verizon's effort to provide customers with exclusive access to events, pre-sales, and tickets to concerts and music festivals.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Vertical Bridge have announced a $3.3 billion tower transaction. Vertical Bridge will obtain exclusive rights to lease, operate, and manage 6,339 wireless communications towers across all 50 states and Washington, D.C. from Verizon subsidiaries. The deal includes:

- A prepaid lease with upfront proceeds of approximately $2.8 billion in cash
- A 10-year leaseback agreement for Verizon to use tower capacity
- Options to extend the lease term up to 50 years
- Access for Verizon to additional tower space for future use

This agreement aims to help Verizon reduce tower-related costs and increase vendor diversity. The transaction is expected to close by the end of 2024, subject to customary closing conditions.

Verizon has announced it will waive domestic call, text, and data usage for postpaid consumer, small business, and Verizon Prepaid customers in parts of Florida and Georgia affected by Hurricane Helene from Sept. 26-Oct. 5, 2024. The waiver applies to specific counties in both states. For prepaid customers using various Verizon-owned brands, service end dates will be extended to Oct. 5, 2024.

Verizon's network is prepared for the hurricane with redundancy in critical paths and components. All macro cell sites have backup battery power, and most sites in affected areas have backup generators. The company has ensured that batteries and generators are operational and refueled, with ongoing refueling efforts to maintain power during commercial outages.

Verizon is preparing for potential Hurricane Helene approaching the Florida coast. The company's Response Team has been readying year-round through emergency drills, network infrastructure fortification, and resource mobilization. Verizon's networks are designed to maintain connectivity during extreme weather, with redundancy in critical components.

Key preparations include:

• A fleet of over 550 portable network assets
• Nearly 300 satellite-based portable network assets
• More than 1,000 mobile generators

The Verizon Frontline Crisis Response Team is ready to support public safety agencies with mission-critical communications. In the first nine months of 2024, they've responded to over 1,000 requests from more than 500 agencies across 46 states.

Verizon Business offers solutions for business continuity during emergencies. The company also provides tips for residents to stay connected and prepared during the hurricane.

Verizon Business (NYSE, Nasdaq: VZ) and SK Shieldus have announced a strategic collaboration to deliver cybersecurity solutions to South Korean and Asian enterprises operating globally. This partnership combines Verizon's global reach with SK Shieldus' local expertise to provide comprehensive protection for Asian businesses. The collaboration will focus on real-time threat intelligence, vulnerability assessment, incident response, and managed security services.

Verizon Business, which works with 99% of Fortune 500 companies, operates nine Security Operations Centers and six forensics labs. It monitors 61 billion security events annually and conducted over 500 IT investigations in 2023. SK Shieldus, South Korea's largest security services provider, offers a wide range of physical and cybersecurity services to over 1,800 customers across various sectors.

This partnership aims to strengthen cybersecurity capabilities for customers in the Korean market and expand services to clients in Asia and globally.

Verizon has been named the Official Telecommunication Services Sponsor for FIFA World Cup 26™ in Canada, Mexico, and the U.S., as well as an Official Tournament Supporter for FIFA Women's World Cup 2027™ in the U.S. This marks the first-ever agreement between FIFA and Verizon. For FIFA World Cup 26, Verizon will provide connectivity services across stadiums, official sites, and tournament operations.

The partnership aims to power experiences for fans, players, media, and visitors, ensuring everyone can follow the action. Verizon will deploy a program for international fans to access their network in the U.S. and Canada. For the FIFA Women's World Cup 2027™ in Brazil, Verizon will bring experiences for U.S. fans, including activations, giveaways, and player meet-and-greets.

Verizon Business has secured a new contract with the South Carolina Army National Guard (SCARNG), becoming their primary wireless communications provider. The deal includes connectivity for over 1,000 devices, ranging from 5G Ultra Wideband and 4G LTE smartphones to data devices like jet packs.

As part of the agreement, SCARNG will have access to the Verizon Frontline Crisis Response Team, a specialized group offering 24/7 emergency assistance during crises at no additional cost. This team provides portable cell sites, Wi-Fi hotspots, and other solutions to enable communications and boost network performance.

The SCARNG serves South Carolina by responding to domestic emergencies and assisting in special situations. This partnership aims to enhance their communication capabilities, supporting their mission across the state.

Verizon Business and Vay Technology have announced a partnership to bring 5G connectivity to Vay's fleet of teleoperated electric vehicles in Las Vegas. Verizon will provide custom data plans to manage the massive amounts of data generated by Vay's vehicles' sensors and cameras. Vay's service allows users to order an electric car via an app, which is then delivered by a remote teledriver. Users drive themselves during the trip, and upon completion, a Vay teledriver remotely drives the car to the next customer.

The high-performance, low-latency Verizon 5G connectivity enables Vay's operational model, supporting data-intensive workloads such as mobility solutions for teleoperation-capable cars, transmitting telematics and diagnostic information, and over-the-air software updates. This partnership highlights the important role of mobile connectivity in the future of transportation and demonstrates Verizon's commitment to innovative automotive solutions.

Verizon has donated $10,000 to the American Red Cross Northern Nevada Chapter to support relief efforts for the Davis Fire in Washoe County, Nevada. The company's cell sites remain operational in the affected area, with extensive redundancy measures and backup power solutions in place. Verizon's Frontline Crisis Response Team continues to support first responders, having delivered nearly 2,000 Frontline solutions to fire camps in 13 states this year alone.

The team has responded to over 200 requests from more than 60 agencies dealing with nearly 100 different named wildfires. In the first nine months of 2024, they've addressed over 1,000 requests from more than 500 agencies in 46 states. Verizon provides emergency assistance to government agencies and emergency responders 24/7 at no cost, offering portable cell sites, Wi-Fi hotspots, and charging stations.