Verizon Comms Stock Price, News & Analysis

BASKING RIDGE, N.J., Sept. 24, 2020 - BlueJeans by Verizon introduced enhancements for the Microsoft-certified BlueJeans Gateway for Microsoft Teams. These updates cater to the growing needs of a hybrid workforce, allowing organizations to transition back to the office seamlessly. Key features include support for large events, localized IVR for multiple languages, a 7x7 gallery view, improved management tools, and simplified deployment online. The solution is already in use by over 400 global organizations, facilitating a unified meeting experience across various work environments.

Verizon Communications announced the upcoming introduction of the new 582 area code, which will overlay the existing 814 area code. Starting October 3, 2020, customers will need to dial 10 digits (area code + seven digits) for local calls, transitioning to mandatory 10-digit dialing by April 3, 2021. The existing telephone numbers will remain unchanged, and prices for calls will not increase. Customers are advised to reprogram any devices that currently dial 7-digit numbers to ensure compatibility with the new dialing system. For more information, visit Verizon's media center.

The FAA has granted Skyward, a part of Verizon, a temporary waiver to operate the Percepto Sparrow drone remotely, inspecting critical communications infrastructure near the Big Hollow wildfire in Washington. This waiver, applicable until Sept. 25, allows 24/7 operations without a pilot on site, enhancing safety during emergency inspections. The initiative exemplifies innovative drone technology use amid rising natural disasters, ensuring reliable communications for first responders while minimizing risk to personnel. Verizon continues to monitor wildfires and provide emergency support across affected states.

Verizon Communications (NYSE: VZ) is scheduled to report its third quarter 2020 earnings on October 21, with a webcast presentation starting at 8:30 a.m. ET. Preceding the event, investors can access detailed earnings materials from its Investor Relations website at 7:30 a.m. Verizon, a leading global technology and communications provider, generated revenues of $131.9 billion in 2019. The company emphasizes its commitment to delivering mobility, reliable connectivity, and security across its innovative networks and platforms.

The Samsung Galaxy S20 Fan Edition (FE) 5G UW will debut on Verizon, available for preorder on September 24, 2020. This premium device, priced at $29.16 monthly for 24 months, features 5G Ultra Wideband connectivity and a 6.5-inch 120Hz display. Key specifications include a pro-grade camera with 30X Space Zoom, a 4,500 mAh battery, and four color options. Promotions include up to $699.99 towards a new phone with activation and a $250 gift card for switching. General availability starts October 2, 2020.

Verizon Communications announced two exchange offers for its outstanding notes, targeting specific series maturing between 2021-2024 and 2037-2055. The first offer allows holders of short-dated notes to exchange them for 2030 New Notes, while the second involves long-dated notes for 2056 New Notes. The exchange period ends on October 26, 2020, with an early participation deadline of October 2, 2020. Eligible holders must be qualified institutional buyers or non-U.S. persons. The company aims to streamline its debt maturity profile with these transactions.

Verizon is enhancing its robocall protection for over 75 million customers, successfully reducing spam calls for the tenth consecutive month. The introduction of iOS 14 settings enables automatic blocking of potential fraud calls, allowing customers to view missed calls without action needed. More than 80% of Fios Digital Voice customers receive free Caller ID and Spam Alerts. Verizon's collaboration with other providers is expanding authentication measures through STIR/SHAKEN to combat spoofed calls, while its commitment to enhancing customer protection against scams remains steadfast.

Verizon is hosting the Citizen Verizon Assembly event on September 23, 2020, to address issues in education and student mental health. The assembly will feature celebrities like Yara Shahidi and Gabrielle Union, alongside educators and leaders. Verizon has expanded its Innovative Learning program, increasing data plans from 10GB to 30GB for eligible students and teachers. The initiative aims to bridge the digital divide and support 10 million youth with essential digital skills training. Verizon generated $131.9 billion in revenue in 2019, marking its 20th anniversary.