Verizon Comms Stock Price, News & Analysis

Verizon announces the preorder launch of the Samsung Galaxy S21 5G series starting January 14, 2021. The lineup includes the Galaxy S21 Ultra, S21+, and S21, all optimized for Verizon’s 5G Ultra Wideband and Nationwide networks. Customers can switch to Verizon to get a 128GB Galaxy S21+ 5G for free with eligible trade-in and Unlimited plans. Pricing starts at $39.99/month for the Ultra model. Additionally, promotions include savings on Galaxy S21 models for new and existing customers.

The Met Unframed is a groundbreaking virtual experience launched by The Metropolitan Museum of Art and Verizon on January 12, 2021. This platform allows users to access immersive digital galleries and augmented reality (AR) versions of nearly 50 iconic artworks via Verizon's 5G Ultra Wideband. Available for free for five weeks, it features enhanced interactivity through games and AR technology. Max Hollein, the Museum's Director, emphasized the importance of connecting people with art, while Verizon's Andrew McKechnie highlighted the initiative's potential to democratize art access, fostering education and engagement.

Skyward, a Verizon company, and UPS Flight Forward are collaborating to deliver retail products via drones connected to Verizon's 4G LTE and upcoming 5G networks in The Villages, Florida. UPS CEO Carol B. Tomé emphasized the necessity of 5G for managing multiple drones safely. The partnership seeks to enhance the delivery experience, leveraging the low latency of 5G technology. UPS has successfully conducted over 3,800 drone delivery flights since 2019, with a focus on providing contactless delivery options during the pandemic. This collaboration aims to improve safety and efficiency in drone logistics.

Verizon's CEO, Hans Vestberg, presented at CES 2021, highlighting the transformative impact of 5G technology across various sectors, including sports, education, and live entertainment. Key announcements included the rollout of 5G Ultra Wideband in 28 NFL stadiums by the end of 2021, enhancing fan engagement through immersive experiences. Partnerships with the Smithsonian and The Metropolitan Museum of Art were revealed, aiming to enrich educational content using augmented reality. Additionally, Verizon is collaborating with UPS for connected drone deliveries, showcasing the essential role of 5G in modern logistics.

Verizon is expanding its 5G Home Internet service, reaching parts of six new markets including Arlington, TX, and Miami, FL, by January 2021. The company also offers access to its 5G Ultra Wideband service in Colorado Springs, CO, Columbia, SC, and Knoxville, TN. Currently, Verizon’s Nationwide 5G network covers 230 million people across 2,700 cities. Customers can enjoy up to 12 months of discovery+ streaming service. Additionally, Verizon's Chairman and CEO, Hans Vestberg, will keynote at CES 2021 on January 11.

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.