Welcome to our dedicated page for Verizon Communications news (Ticker: VZ), a resource for investors and traders seeking the latest updates and insights on Verizon Communications stock.
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 has expanded its 5G Edge capabilities by enabling developers to build and deploy applications in Chicago, Houston, and Phoenix. This real-time cloud computing platform, in collaboration with AWS Wavelength, aims to reduce latency for applications like immersive VR gaming and autonomous vehicles. Morehouse College is leveraging this technology for virtual campus tours and remote learning, enhancing student engagement with low-latency experiences. Verizon now supports 5G Edge in 13 major U.S. cities, planning further expansion.
Verizon Business has expanded its 5G Business Internet services to five new cities—Gresham, OR; Albuquerque, NM; Austin, TX; Little Rock, AR; and Nashville, TN—bringing total availability to 47 cities.
Customers can enjoy BlueJeans Meetings and Verizon OneTalk services at no additional cost. The company will continue to deploy its C-Band spectrum assets, enhancing fixed-wireless services. Customers benefit from professional installation, unlimited data, and fast deployment without needing infrastructure digging.
Verizon, Parrot, and Skyward have partnered to introduce the Parrot ANAFI Ai, the first 4G LTE connected drone in the US market. This drone, exclusively available to Skyward subscribers without extra charges, enhances aerial data management with features like automated access to controlled airspace, real-time data transfer, and advanced obstacle avoidance. With a 48 MP camera and 32 minutes of flight time, it supports complex tasks in various sectors. The launch is planned for the second half of 2021, marking a significant milestone in drone technology.
Verizon and the Georgia Department of Education launched a digital access initiative to enhance internet connectivity for underserved communities in 13 states, including Georgia. This program aims to provide wireless broadband services to eligible households, especially low-income families, ensuring they can access online education and resources. The program is crucial as 43.7% of low-income households lack personal high-speed internet. This initiative builds on Verizon's previous distance learning program, which connected over 38 million students during the pandemic.
Verizon Frontline has launched a pioneering Unmanned Aerial System (UAS) training program for the Verizon Response Team (VRT), aimed at enhancing support for first responders. The program includes 30 training blocks, enabling pilots to deploy drones for various missions, such as damage assessments and search and rescue operations. Currently, 15 out of 18 VRT members are certified to fly drones under FAA regulations. This initiative underscores Verizon's commitment to public safety, enabling real-time data aggregation during emergencies like hurricanes and wildfires.
Verizon has announced the launch of four new mobile hotspot plans designed to meet the needs of travelers and digital nomads. The plans offer data allowances ranging from 15 GB to 150 GB per month, with access to 5G Ultra Wideband on the top tiers. Prices start at $20 per month for the Essential plan and go up to $110 for the Premium option. Customers with qualifying Unlimited plans can enjoy significant discounts on these new offerings, enhancing their mobile connectivity while on the go.
Verizon announces key leadership changes with the appointments of Tony Wells as Senior Vice President, Chief Media Officer, and Jennifer Gardner as Vice President, Media Platforms. Wells transitions from USAA, bringing extensive marketing and brand experience, while Gardner joins from Unilever, focused on media strategy and diversity initiatives. These changes aim to enhance Verizon's media strategy and drive brand innovation as part of its commitment to responsible marketing, succeeding John Nitti, who has been promoted within the company.
Verizon has unveiled enhanced features for its BlueJeans Events platform, addressing challenges highlighted in a Forrester survey. New integrations include HTML Embed Enhancements and MootUp Integration, enhancing event customization and attendee engagement. With 80% of firms believing improved virtual strategies can match in-person success, Verizon aims to reshape event marketing strategies for its clients as demand for virtual events soars post-pandemic.
Verizon Public Sector has secured a $78.8 million task order from the U.S. Department of Defense to enhance network modernization services for the Air National Guard (ANG) Readiness Center. The award will expand services across approximately 140 locations, focusing on transitioning from legacy TDM systems to advanced IP voice services and managed network solutions. This initiative is part of the ANG's broader digital transformation strategy, aimed at improving operational capabilities while leveraging Verizon’s expertise in network solutions.
Verizon and Samsung Electronics have successfully conducted an end-to-end fully virtualized 5G data session using C-band spectrum in a live network, marking a significant milestone in the expansion of 5G Ultra Wideband. The trial involved cloud-native virtualization and Massive MIMO technology, enhancing 5G performance. This initiative will enable flexibility, scalability, and cost efficiency in delivering 5G services, aiming to provide coverage to over 250 million people by 2024. The collaboration reinforces Verizon's commitment to advanced network capabilities and customer satisfaction.