Verizon Comms Stock Price, News & Analysis

Verizon Media and Entain have announced a global alliance to innovate in interactive sports and entertainment. This partnership will create a unique virtual reality experience for live sports that integrates data, social interaction, and gaming. With the rise of 5G and immersive technologies, they aim to enhance consumer engagement in sports betting and live events. New research indicates significant consumer demand for interactive experiences, particularly among men aged 25-39. This initiative builds on existing collaborations, including BetMGM within Yahoo Sports, to strengthen their market presence.

On December 16, 2020, Verizon Business announced a strategic multi-year partnership with Walgreens Boots Alliance to enhance customer experiences at over 9,000 retail locations. The initiative involves deploying Verizon's Network as a Service (NaaS), integrating LTE, 5G, and Verizon Media. This collaboration is designed to support Walgreens' digital transformation efforts and future technological innovations. Verizon's NaaS aims to provide on-demand solutions that accelerate digital changes, enabling retailers to adapt quickly to evolving customer needs.

Verizon and Corning have launched the first commercial indoor 5G cell sites, transitioning from proof of concept to scalable solutions. This deployment aims to extend the reach of Verizon's 5G Ultra Wideband network and enable private 5G networks for enterprises. WeWork has signed a contract for installations in ten US locations, enhancing flexible work environments. The indoor cell sites will provide high-speed connectivity, supporting digital transformation and improving operational efficiency for businesses.

Verizon Business has partnered with Fiserv to offer the Clover point-of-sale platform to its customers. This collaboration allows small businesses to access touchless payment solutions, improving service efficiency amidst COVID-19 regulations. Verizon customers can utilize Clover Flex devices embedded with Verizon SIM cards for reliable payment processing. Clover has over one million devices globally and processes more than $130 billion annually. This partnership reflects Verizon's commitment to empower small businesses with modern technology.

Verizon CFO Matt Ellis will speak at the Barclays Global TMT Conference on December 10, 2020, at 8 a.m. ET. His presentation will be available via webcast on Verizon’s Investor Relations website. Established on June 30, 2000, Verizon is a leading provider of technology and communications services, generating $131.9 billion in revenue in 2019. Celebrating 20 years in operation, Verizon offers solutions in data, video, and voice, emphasizing mobility and reliable network connectivity. For more details, visit Verizon's Online Media Center.

Verizon has partnered with Simon Fuller, the creator of American Idol, to revolutionize storytelling through 5G Ultra Wideband and extended reality (XR). This collaboration aims to develop new entertainment experiences, leveraging Verizon's technological capabilities. The initial project will be a short-form immersive VR video, set to launch early next year. Both companies are focused on enhancing audience engagement via next-gen devices, using advanced technologies including 360 Stereoscopic 3D cameras for superior visual quality.

Verizon and Motorola Solutions have launched Group First Response, a mission-critical push-to-talk solution aimed at enhancing communication for first responders. This service utilizes LTE technology to facilitate voice, text, and video communication across multiple devices, integrating seamlessly with existing land mobile radio (LMR) systems. The platform prioritizes public safety communication with robust features like multimedia messaging and fast setup times. Group First Response aims to improve operational efficiency, situational awareness, and redundancy for public safety agencies.