Verizon Comms Stock Price, News & Analysis

Verizon has announced its acquisition of incubed IT, a company specializing in autonomous navigation software for robots. This agreement aims to enhance Verizon's robotic capabilities, leveraging 5G technology. The integration will support enterprise customers in optimizing operations through mobile robot orchestration. Key products from incubed IT include the Smart Shuttle Navigation Toolkit and Fleet Management Server. The deal is expected to close in the first half of 2021, furthering Verizon's innovation in automation.

Verizon's Yahoo Ryot Lab has partnered with IMG as the official Innovation Partner for New York Fashion Week 2021. This partnership will utilize 5G technology to create immersive experiences, starting with a preview of Rebecca Minkoff’s Spring/Summer ‘21 collection. The collaboration aims to enhance consumer engagement through next-gen content and immersive formats powered by Verizon Media Immersive. The event will take place from February 14-18, 2021, and will feature a range of innovative technologies including augmented reality and real-time animation rendering.

Verizon and Deloitte have launched a retail digital platform leveraging 5G and mobile edge computing (MEC) to enhance operational efficiency and customer experience in retail. The initiative aims to provide real-time analytics to address common challenges like inventory management and customer engagement. Key technologies include AI, AR, and video-based analytics. This collaboration will also integrate SAP’s software solutions to enable improved revenue, margins, and overall sustainability for retailers. CEO Tami Erwin emphasized the importance of digital transformation in today's retail industry.

Verizon Business is collaborating with Zyter to enhance operations at sports and entertainment venues through the innovative Zyter ThermalAlert platform. This technology provides non-contact temperature monitoring, utilizing Verizon’s 5G Ultra Wideband for quick entry and reduced congestion. It measures temperatures of up to six people at once from a distance of 20 feet. Recently implemented at Hard Rock Stadium, this system aims to ensure safer venue access. Verizon, a major communications provider, reported revenues of $128.3 billion in 2020, focusing on reliable connectivity and advanced solutions.

Verizon Media's Yahoo launched the "Make Space for Black Voices" campaign for Black History Month, featuring new programming aimed at amplifying Black communities. The initiative includes a special logo by artist Janel Young, a video series, and a livestream event with industry leaders. Emphasizing e-commerce, the campaign will promote Black-owned businesses through virtual shops and dedicated content. The campaign builds on previous efforts, including the Black Lives Matter content hub, as Verizon Media reinforces its commitment to diversity and inclusion.

Verizon has announced a significant investment of over $80 million to enhance 5G infrastructure in Tampa, particularly at Raymond James Stadium, ahead of Super Bowl LV. This includes the launch of the 5G SuperStadium in the NFL app, providing fans with immersive viewing experiences both in-stadium and at home. Additionally, Verizon is debuting a virtual 5G Stadium in Fortnite Creative, the largest activation ever in the platform. The company is also committed to supporting small businesses with a concert event and a $10 million donation as part of its long-term initiative to aid one million small businesses by 2030.

Verizon is committing to support small businesses with a multi-year initiative to uplift one million businesses by 2030. This includes a $10 million investment through the Local Initiatives Support Corporation (LISC) to support businesses in underserved areas. Verizon will host the Big Concert for Small Business on February 7, featuring various artists, to raise funds and awareness. The program will also offer training and 5G connectivity to aid small businesses in their digital transformation. These efforts are part of Verizon's broader Citizen Verizon plan aimed at social and economic advancement.