Verizon Comms Stock Price, News & Analysis

Verizon has launched Enhanced Video Calling, powered by network slicing technology, initially available on iPhone. This feature intelligently manages data from video communication apps like Facetime, WhatsApp, and Zoom to provide improved user experience. Network slicing uses virtualized infrastructure to dynamically match network performance to specific application requirements.

The service is available in select 5G Ultra Wideband coverage areas at no additional cost with the Unlimited Ultimate plan or Business Unlimited Pro 5G Plan, requiring iPhone14 or newer and iOS 18.2. The technology aims to deliver clear video calls during congestion and consistent real-time collaboration with low latency, particularly benefiting business communications and critical scenarios.

Verizon has released a new study revealing changing connectivity demands at concerts and music festivals. The research shows that 85% of concertgoers expect cell service for calls and texts, while 81% want to share photos or videos. Poor cell service is a major stress factor for 75% of attendees, surpassing the fear of missing favorite songs (63%).

The study highlights a significant shift in concert behavior, with attendees becoming content creators who prioritize uploading and sharing content in real-time. Verizon's Ultra Wideband network is available in most major venues, supporting this increased demand. The company reports that upload traffic now exceeds download traffic at live music events, particularly during major concerts like Taylor Swift's The Eras Tour.

Verizon Communications (NYSE, NASDAQ: VZ) announced the expiration and final results of its six separate tender offers to purchase debt securities. The offers expired on December 9, 2024. The total principal amount of Securities accepted for purchase by Verizon on both the Original Early Participation Date and Extended Early Participation Date is $3,313,991,000.

The company will settle all securities validly tendered after the Original Early Participation Date and at or prior to the Expiration Date on December 11, 2024. The Total Consideration includes an early participation payment of $50 per $1,000 principal amount of Securities, plus applicable accrued but unpaid interest.

Verizon Communications (NYSE, Nasdaq: VZ) has appointed Daniel H. Schulman as lead director, effective immediately. Schulman, who has served on Verizon's Board since 2018 and is the former President and CEO of PayPal Holdings, succeeds Clarence Otis, Jr., who held the position since 2019 and will remain an independent director.

Schulman brings extensive experience in driving revenue growth, expanding market share, and creating shareholder value through innovation and customer-centric solutions. During his tenure as PayPal CEO, he led the company's transformation in digital payments. The Verizon Board currently comprises 11 directors, with 10 being independent members.

Verizon (NYSE, Nasdaq: VZ) has declared a quarterly dividend of 67.75 cents per share, maintaining the same rate as the previous quarter. The dividend will be paid on February 3, 2025, to shareholders of record as of January 10, 2025. With approximately 4.2 billion shares outstanding, Verizon has distributed $8.4 billion in cash dividends over the last three quarters.

CEO Hans Vestberg highlighted the company's track record of 18 consecutive years of dividend increases, attributing this consistency to Verizon's position as the largest consumer wireless base in the U.S., leading share in business, and strong cash flow. The company reported revenues of $134.0 billion in 2023.

Verizon Business is strengthening EBARA 's global cybersecurity through the deployment of Managed Security Incident and Event Management (MSIEM) capabilities. EBARA, a leading industrial manufacturer founded in 1912 with over 19,800 employees across 100+ locations, will receive continuous security threat monitoring and daily threat intelligence feeds from Verizon's Threat Research Advisory Center (VTRAC).

The implementation marks a significant step in EBARA's transition to a cloud-centric architecture with zero-trust security framework. Verizon's global security infrastructure processes over 20 trillion security events yearly through nine Security Operations Centers and six forensics labs. According to Verizon's 2024 Data Breach Investigations Report, 15% of breaches involve third parties, highlighting the importance of advanced threat-hunting tools.

Verizon (NYSE, Nasdaq: VZ) Chairman and CEO Hans Vestberg will be speaking at the UBS Global Media & Communications Conference on Monday, December 9, at 9:00 a.m. ET. The presentation will be available via webcast, with access details provided on Verizon's Investor Relations website.

Verizon, headquartered in New York City, is a global telecommunications company serving millions of customers and nearly all Fortune 500 companies. The company generated revenues of $134.0 billion in 2023, focusing on providing mobility, reliable network connectivity, and security services. Verizon maintains a commitment to innovation and customer service through its world-class team.

Office Depot (ODP) has announced a new business initiative with Verizon to offer telecommunications products and services through kiosks in select Office Depot and OfficeMax stores. The initial phase includes four locations in California and Illinois, with California stores launching in December 2024 and Illinois stores in early 2025.

The partnership will feature Verizon authorized agents selling products including 5G Business and Home Internet, One Talk Business Voice Over IP Solution, smartphones, watches, and tablets. The program will launch in two California locations (La Crescenta and Pasadena) and two Illinois locations (Chicago and Crystal Lake), offering customers access to market-exclusive promotions and national deals.

Verizon Business concludes its 2024 Innovation Sessions at SoFi Stadium in Los Angeles on December 4, partnering with Ericsson. The event will showcase 5G-powered innovations featuring industry leaders from FIFA, Fox Sports, Ticketmaster, and Google. Demonstrations include cyber risk programs, Sensor Insights, Verizon Business Assistant, and various 5G applications.

The company highlights recent network upgrades in Los Angeles, including new cell sites deployment and increased fiber optic capacity. Through Verizon Innovative Learning, the company has reached over 54,000 students across 39 schools in the LA-Long Beach metro area. Additionally, more than 22,000 LA-based small businesses have registered for Verizon Small Business Digital Ready resources since September 2021.

Verizon also announces holiday promotions including smartphone trade-in offers, complimentary tablets and smartwatches with Unlimited Ultimate plans, and 5G Home Internet packages starting at $35 per month with special gaming or streaming bundles for new customers.