Verizon Comms Stock Price, News & Analysis

Verizon has enhanced accessibility to high-speed internet through its Fios Forward program, available to qualifying customers. This initiative offers discounted plans, starting at $19.99 per month, for both new and existing customers eligible for the Lifeline government assistance program. With speeds of up to 940 Mbps and no data caps, Fios Forward is designed to support remote learning and work needs. The program aims to foster digital inclusion and ensure that families have reliable internet access, which is crucial in today's digital age.

Ronan Dunne, executive VP for Verizon (NYSE: VZ), will speak at the Citi 2021 Global TMT West Virtual Conference on January 5 at 9 a.m. ET. Access details will be available on Verizon’s Investor Relations website. Verizon, celebrating its 20th anniversary, generated revenues of $131.9 billion in 2019 and is a leader in technology and communications services. The company provides data, video, and voice solutions on its advanced networks to meet customer demands for reliable connectivity and security.

Verizon has notified Fios customers about potential channel losses due to Hearst Television's demands for substantial rate increases. Hearst's requests could lead to higher monthly bills for customers, prompting Verizon to consider dropping channels to protect consumer interests. The dispute highlights ongoing issues with the retransmission model, which Verizon claims is anti-consumer and unsustainable. If an agreement isn't reached, Fios customers may lose access to popular channels, including local news and sports, starting January 1, 2021.

Verizon is expanding its 'Food for Frontline Workers' program, providing 50,000 meals to healthcare workers and first responders in six U.S. cities, including Milwaukee and Chicago. This initiative follows the successful delivery of over 150,000 meals since April 2020, aimed at supporting those fighting COVID-19 and local restaurants hit by the pandemic. The program reflects Verizon’s commitment to frontline workers while promoting community support. Additional initiatives include free access to BlueJeans Meetings for military personnel and discounts for frontline workers on Verizon plans.

Verizon supports NORAD's Santa tracking program for the 18th consecutive year, adapting to COVID-19 challenges by sharing Apple iPhones with its One Talk technology to create a virtual call center. Limited onsite volunteers will assist remotely while focusing on safety. Calls will start at 6 a.m. on Christmas Eve, with the goal of answering children's questions about Santa. Historically, nearly 1,500 people have participated, fielding over 154,000 calls. Verizon generated revenues of $131.9 billion in 2019, emphasizing its commitment to community support during the holidays.

Verizon Business and Deloitte are collaborating to create advanced 5G and mobile edge computing (MEC) solutions tailored for the manufacturing and retail sectors.

The partnership aims to deploy a smart factory solution capable of identifying quality defects in real-time using computer vision and sensor detection. This innovation seeks to enhance operational efficiency by minimizing manual inspections, reducing waste, and cutting costs.

The initiative aligns with a broader strategy to transform businesses with real-time intelligence and agility through cutting-edge technologies.

Verizon Communications Inc. (NYSE: VZ) will report its fourth quarter 2020 earnings on January 26, 2021. The webcast is scheduled to begin at 8:30 a.m. Eastern Time, with access details and financial materials available earlier at 7:00 a.m. on the Investor Relations website. Verizon, celebrating its 20th anniversary, generated revenues of $131.9 billion in 2019, offering data, video, and voice services globally. The announcement marks a crucial period as investors await insights into the company's financial performance.

Verizon Business announced the launch of IoT Managed Services aimed at assisting customers in deploying and managing IoT solutions. This service caters to companies lacking the necessary staff and resources. With various service levels, it offers support from cellular connectivity to complete lifecycle management. Verizon's dedicated IoT specialists will help businesses overcome the challenges associated with IoT implementation, promoting efficiency in asset monitoring and management.

The service aims to set a foundation for future technology advancements, including integration with Verizon's 5G network.

Verizon Business has launched On Site LTE, a secure, private wireless network for enterprise customers in the US. This offering aims to enhance digital transformation and operational efficiency for businesses. The On Site LTE platform supports critical applications and services, providing low-latency connectivity and reliability for various digital initiatives, including robotics and AI. Additionally, it is designed to pave the way for future 5G innovations.