Verizon Comms Stock Price, News & Analysis

Verizon has completed lab trials with Corning and begun trials with Samsung for new 5G mmWave in-building solutions aimed at enhancing indoor coverage. These solutions are expected to provide high throughput, capacity, and reliability in facilities such as hospitals and schools. The commercialization of these solutions will facilitate the creation of private 5G networks, enhancing performance and security for enterprise customers. Verizon plans to launch a commercial product by the end of 2020, further expanding its 5G Ultra Wideband network capabilities.

Verizon Media has unveiled enhancements to its Media Platform, focusing on evolving live streaming experiences and fan engagement. Key features include sub-second latency for live sports through a partnership with Phenix Real Time Solutions, enabling immersive multi-camera viewing and synchronized social experiences. New capabilities such as channel scheduling and syndication extend content reach, while Managed Slicer as a Service simplifies video feed management for broadcasters. Additionally, Smartplay Prebid and OTT Smart Auction aim to boost programmatic ad revenue for publishers.

Speed of Thought is a documentary directed by Mila Aung-Thwin that examines how Verizon's 5G Ultra Wideband technology is revolutionizing sectors like healthcare, public safety, education, and transportation. Premiering at TechCrunch Disrupt and available on streaming platforms, the film showcases innovators tackling significant challenges with advanced connectivity. Notable features include a robotic medical device for remote procedures and augmented reality solutions for firefighters and education. Industry leaders emphasize the transformative potential of 5G for society's future.

Verizon Media launched OTT Smart Auction, a solution for over-the-top (OTT) publishers, enhancing ad inventory monetization. This new server-to-server integration allows programmatic demand to compete in real-time with reserved demand directly in a publisher's ad server. The OTT ad market is expected to double in three years, but traditional methods hinder efficiency. Key benefits include improved transparency in auction dynamics, increased revenue through optimized bidding, and a unified platform for both publishers and advertisers. The integration leverages Prebid Server's capabilities to support advanced ad experiences.

On September 14, 2020, Verizon launched Verizon Latino, an Apple Music room featuring Latin music for Hispanic Heritage Month. Customers can access Apple Music and enjoy exclusive content. Additionally, Verizon is collaborating with Univision for a live concert featuring Bad Bunny on September 20. The company emphasizes diversity with initiatives supporting the Latinx community, including a month-long program led by its employee group, SOMOS Verizon, and partnerships with media organizations for content highlighting Hispanic achievements.

Verizon has partnered with The Paley Center to gain exclusive streaming rights for its 2020/2021 events and programs. This collaboration establishes Verizon as the official sponsor for various festivals and initiatives, including a tribute to Hispanic achievements in television. Verizon Media, reaching nearly 900 million unique viewers monthly, will livestream programs such as PaleyFest and educational workshops aimed at promoting diversity and inclusion. Verizon's commitment to enhancing conversations around industry issues is emphasized through this strategic engagement.

Verizon Acquires Tracfone

NEW YORK, Sept. 14, 2020 - Verizon (NYSE: VZ) announced its acquisition of Tracfone for $6.25 billion, enhancing its value segment offerings within the wireless market. Serving approximately 21 million subscribers across 90,000 retail locations, Tracfone has been a longtime partner of Verizon. The acquisition aims to improve customer experience and expand market opportunities, with a focus on 4G LTE and 5G technology. Verizon expects the transaction to be accretive in its first year post-closing and anticipates it will not significantly impact capital expenditures.

Verizon Chairman and CEO Hans Vestberg is set to speak at the Goldman Sachs 29th Annual Communacopia Conference on September 15, 2020, at 8:00 a.m. ET. The event will be available via webcast, with details provided on Verizon's Investor Relations website. Founded on June 30, 2000, Verizon has emerged as a leading global provider of technology and communication services, celebrating 20 years of service. In 2019, the company generated revenues of $131.9 billion, offering data, video, and voice services on its award-winning networks.