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 an exciting promotion for new and existing customers to get an iPhone 13, along with iPad offerings. Customers can pre-order on September 17 and receive significant discounts, up to $800, based on trade-ins and plan selections. The new iPhone 13 models feature the revolutionary A15 Bionic chip, enhanced camera systems, and improved battery life. Verizon's 5G network continues to expand, now covering over 80 cities. Promotions also include Apple Music and Apple Arcade subscriptions. This effort aims to strengthen customer engagement and drive sales for the new Apple products.
Ronan Dunne, executive vice president for Verizon (NYSE: VZ), will speak at the Bank of America Securities 2021 Media, Communications & Entertainment Conference on September 13, 2021, at 9:25 a.m. ET. His remarks will be available via webcast on Verizon's Investor Relations website. Verizon, headquartered in New York City, generated revenues of $128.3 billion in 2020 and is a leading provider of technology and communication services globally, offering mobility, security, and network solutions to its customers.
Verizon has expanded its 5G Ultra Wideband services to four new cities: Harrisburg, PA; Athens, GA; Orlando, FL; and Fremont, CA, bringing the total to 82 metros. Additionally, 5G Home Internet is now available in five more cities, totaling 57 locations. The service offers download speeds up to 1 Gbps and starts at $50 monthly for existing customers. Verizon is incentivizing switches from other ISPs by covering early termination fees up to $500. The advancements in 5G technology promise enhanced performance for both consumers and enterprises.
Verizon has announced a 10-year extension of its partnership with the NFL, becoming the league's Official Technology Partner and 5G Network. This collaboration aims to enhance innovation in management, training, and fan experiences across NFL venues. Verizon's 5G Ultra Wideband is already operational in parts of 25 stadiums, allowing fans to enjoy features like Multi-View camera angles. The partnership represents a significant investment, including over $80 million for Super Bowl preparations in Tampa. Verizon continues to develop advanced 5G applications that could transform game-day operations and fan engagement.
Summary not available.
Verizon Communications (VZ) issued its third green bond worth $1 billion on September 3, 2021, reinforcing its position as a top corporate buyer of renewable energy in the U.S. The proceeds will fund renewable energy projects, including long-term virtual power purchase agreements (VPPAs) for nearly 1.9 gigawatts of capacity. These efforts align with Verizon's goals to meet 50% of its electricity needs through renewable sources by 2025 and achieve net-zero operational emissions by 2035. The company also emphasizes diversity in its underwriter selection, partnering with diverse firms for this bond issuance.
Verizon announced an exchange offer for its eight series of outstanding notes maturing from 2024 to 2026, allowing eligible holders to exchange them for new notes due in 2032. The exchange offers commence on September 2, 2021, and expire on October 1, 2021. Eligible holders must tender their old notes by September 16, 2021, to qualify for early participation payments. The exchange is capped at $3.5 billion, with various conditions including a minimum issue requirement of $1 billion. All transactions depend upon satisfying certain conditions as detailed in the offering memorandum.
Verizon is responding to the impact of wildfires in Northern California by offering unlimited calling, texting, and data from September 1 to September 7, 2021, for affected consumer and small business customers. This initiative covers specific zip codes related to the Caldor, Dixie, French, and Monument Fires. Additionally, changes to retail store hours may occur due to evacuation orders, and customers are encouraged to check online for updates. The Verizon Response Team is prepared to assist emergency communications.
Verizon Communications has declared a quarterly dividend of 64 cents per share, reflecting a 1.25 cents increase from the last quarter. This dividend, marking the 15th consecutive increase, is payable on November 1, 2021, to shareholders recorded by October 8, 2021. The company's confidence in revenue growth stems from its multi-purpose network strategy. With approximately 4.1 billion shares outstanding, Verizon paid around $5.2 billion in dividends in the first half of 2021, contributing to its substantial revenue of $128.3 billion in 2020.
Verizon Frontline has deployed over 300 advanced communication solutions to support more than 35 public sector agencies in Southeastern Louisiana following Hurricane Ida. The Verizon Response Team, activated prior to the storm, has provided essential technology such as satellite pico-cells, network extenders, and mobile hotspots to assist first responders in emergency operations. This ongoing support highlights Verizon's commitment to public safety and disaster response. The team will remain on-site as needed to aid agencies dealing with power outages and extensive storm damage.