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 announces the exclusive offer of the motorola edge 5G UW, a feature-rich 5G smartphone starting at $18.33/month with select Unlimited plans. The device boasts advancements such as a 108 MP camera, 6.8" Max Vision display, and enhanced mobile audio with Verizon Adaptive Sound. Customers can also access perks like six months of Google Play Pass and bundled subscriptions to Disney+, Hulu, and ESPN+ with certain plans. The motorola edge 5G UW is available for order starting October 14, 2021.
Verizon Business has been recognized by Gartner as a Visionary in the Magic Quadrant for Meeting Solutions for its BlueJeans Meetings. This recognition highlights Verizon's completeness of vision and ability to execute. The platform has seen impressive growth, with video conferencing license sales increasing 377% year-over-year and new bookings rising 174%. Leveraging Verizon’s 5G network enhances video collaboration capabilities, aiming to redefine work flexibility.
On October 11, 2021, Verizon launched Women’s CoLab, an initiative aimed at supporting women in re-entering the workforce post-COVID-19, which saw 5.4 million women losing jobs. The effort features resources, virtual events, and expert insights to help women achieve their career goals in a digital economy. Key partners include Accenture and Mastercard. A survey revealed 60% of women can't afford training, demonstrating the critical role of Women’s CoLab in promoting gender equality in the workplace.
Verizon continues to expand its 5G services, now offering 5G Home Internet in 60 cities, 5G Ultra Wideband mobility in nearly 90 cities, and 5G Business Internet in 57 cities. Significant changes include unlimited Verizon Business plans featuring mobile hotspots starting at $30 per line. The 5G Home service boasts max download speeds of up to 1 Gbps, affordable pricing beginning at $50/month, and incentives for switching from other providers. For businesses, new plans offer extensive features like unlimited premium data, saving up to $80/month by bundling services.
Verizon and the Los Angeles Unified School District have expanded their partnership to improve digital access for families in California, addressing the 9.6% of households without internet. This initiative provides mobile broadband and voice service plans to eligible families, initially launched during the pandemic for distance learning. The expansion also supports public libraries under the same contract terms, enhancing resources for education and job retraining. Verizon's commitment aims to bridge the digital divide across California, ensuring reliable internet for those in need.
Verizon Business and CareAR, a Xerox Company, have partnered to enhance service delivery and customer experiences through the CareAR SXM™ Platform. By integrating Verizon's 4G and 5G networks with CareAR's augmented reality and AI technologies, the initiative aims to enable technicians to resolve service issues more efficiently. This collaboration focuses on bridging the talent gap and improving customer outcomes, leveraging advanced technology to streamline workflows and reduce carbon emissions. The partnership is set against the backdrop of a shifting global workforce landscape.
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Verizon Communications Inc. (NYSE: VZ) will announce its third-quarter 2021 earnings on October 20, 2021, during a webcast at 8:30 a.m. Eastern Time. The financial results will be preceded by access to relevant materials at 7:30 a.m. on the company's Investor Relations website. Verizon, one of the leading global providers of technology and communications services, generated $128.3 billion in revenue in 2020, showcasing its strong market position. Investors can find further resources and updates on Verizon's media center.
Verizon Public Sector has secured five Enterprise Infrastructure Solutions (EIS) task orders from the U.S. Department of Labor to modernize its legacy telecommunications and IT services for 20,000 users. This partnership aims to build a secure, converged data and voice network across nearly 1,000 locations. The task orders involve enhancing the DOL's IT backbone, audio and web conferencing, and deploying Unified Communications Services. Additionally, Verizon will transition the DOL’s hosting service to a scalable data center environment, thereby reducing IT infrastructure costs.
Verizon Business and Yealink launched the One Talk T67LTE, the first advanced desk phone in the US featuring embedded 4G LTE technology. Designed for hybrid workers, this device supports seamless communication without the need for rewiring, using Verizon's reliable network. The T67LTE offers HD voice service, integrates easily with the One Talk product suite, and can be relocated without complex setups. Set for availability in Q4 2021, this phone enhances workplace mobility and performance by freeing up internet bandwidth.