Verizon Communications Inc. reports developments across its telecommunications business, including wireless service performance, broadband connectivity, enterprise services and network technology. Company updates commonly address postpaid phone activity, customer economics, cash flow, guidance, investor conference appearances and capital markets actions involving outstanding Verizon and subsidiary notes.
News also covers Verizon's network resilience and public-safety capabilities, including Digital Twin damage modeling, satellite-enabled disaster connectivity, private 5G, fixed wireless access and broadcast solutions. Partnership and sponsorship updates describe how Verizon uses 5G, fiber and venue network design to support connected experiences for customers, businesses, broadcasters and large events.
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.
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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.
Verizon has announced six new Renewable Energy Purchase Agreements (REPAs), increasing its total to 13 agreements with nearly 1.7 gigawatts (GW) of projected renewable energy capacity. These agreements include virtual power purchase agreements designed to finance six new solar facilities. The recent REPAs involve 525 MW from Invenergy, 152.5 MW from Lightsource bp, 92.5 MW from EDF Renewables, and 75 MW from NextEra Energy. Verizon aims for carbon neutrality by 2035 and has committed to additional on-site green energy installation by 2025.
Verizon Business released the 'Verizon 5G Business Report', revealing insights about the impact of 5G technology on businesses. Key findings include that 69% of decision-makers believe 5G will mitigate COVID-19's adverse effects, with 48% planning to provide 5G-enabled devices soon. Furthermore, 76% view mobile edge computing as crucial, and 80% anticipate 5G will foster new opportunities. These findings reflect a strong confidence in 5G adoption across industries, including sports, healthcare, and retail.
JumpStart has launched a new initiative, Access Tech, funded by Verizon, to connect Cleveland residents with digital education and tools necessary for success in the digital economy. This program aims to equip participants with foundational digital skills, career development, and business growth training, while providing equipment like laptops and internet access to those in need. Selected for Verizon's nationwide initiative, Cleveland joins other cities including Portland and Pittsburgh to address community-specific digital access challenges.