Verizon Comms Stock Price, News & Analysis

Verizon has released its Green Bond Report, detailing the allocation of nearly $1 billion raised through its first green bond issuance. The report indicates investments of $637 million in renewable energy, $319 million in green buildings, $37 million for energy efficiency, and $1 million for biodiversity and conservation. Verizon was the first U.S. telecom to issue a green bond in February 2019. The report is accessible on their investor relations site, highlighting Verizon's commitment to sustainability as it celebrates 20 years of operation.

Verizon Communications has announced four new long-term renewable energy purchase agreements (REPAs) totaling over 450 MW of renewable capacity, advancing its goal to achieve carbon neutrality in operations by 2035. The agreements include two with Brookfield Renewable for 160 MW from repowered wind facilities in New York, expected operational by 2021, and two with First Solar for 296 MW from solar facilities, projected to be operational by late 2022. These initiatives align with Verizon's commitment to source renewable energy for 50% of its total electricity consumption by 2025.

Verizon is enhancing support for remote learning through partnerships with school districts, providing discounted connectivity to over 36 million students across 38 states. The initiatives include the expansion of the Verizon Innovative Learning program to 254 middle schools and pilot programs in 10 high schools. Additionally, Verizon collaborates with The New York Times and Discovery Education to offer educational resources. The company aims to bridge the digital divide and prepare students for a modern economy, with a target of reaching 10 million young individuals.

Verizon has achieved a significant milestone by completing the world’s first end-to-end fully virtualized 5G data session in a live network. This successful demonstration positions Verizon to enhance mobile edge computing and network slicing, allowing for increased responsiveness to customer latency and computing demands.

This advanced technology leverages virtualized Radio Access Network (RAN) architecture, which enables greater flexibility, scalability, and cost efficiency. With this development, Verizon continues to lead in virtualization, setting the stage for groundbreaking applications in IoT, AR/VR, and smart city solutions.

Verizon is poised to support emergency communication as Tropical Storms Laura and Marco approach the Gulf Coast. The company emphasizes the significance of reliable connectivity during crises, especially in light of recent weather events like Hurricane Isaias. The Verizon Response Team (VRT) is on standby 24/7, ready to assist first responders with essential technologies and equipment. Preparations include backup power strategies, redundant systems, and community support initiatives, ensuring a robust network during emergencies.

Verizon is providing unlimited calling, texting, and data from August 22 to August 28 for consumer and small business customers affected by wildfires in California and Colorado. Customers in the impacted counties can access this service automatically, with no additional action needed. The Verizon Response Team is on standby 24/7, offering essential support like portable cell sites and charging stations to first responders. Eric Reed from Verizon emphasized the company's commitment to supporting customers during this challenging time, as they navigate evacuation and recovery efforts.

Verizon’s 5G Ultra Wideband service has been launched at the Indianapolis Motor Speedway for the 104th Indianapolis 500. This innovative service includes a 360-degree, 5G-enabled camera that allows select fans to virtually experience the race from their smartphones through an AR portal. Additionally, Verizon and IMS are hosting a pre-race virtual fan engagement on August 22, 2020, at 10 am ET. A 5G-connected broadcast camera will also enhance NBC Sports' coverage by providing unique shots of the race, showcasing the transformative potential of 5G technology in live sports broadcasting.

Verizon is enhancing its preparedness for crises, such as wildfires and power outages, affecting California and western states. The company ensures connectivity for its customers through backup generators at most cell sites and switch locations, allowing network functionality during outages. Verizon prioritizes first responders by providing network access at no cost, deploying support teams, and utilizing advanced technologies like drones and satellite links for damage assessment. Additionally, Verizon encourages customers to prepare personal communication plans and keep their devices charged for emergencies.

Verizon announced its partnership with Twitch Rivals North America as the official 5G and 4G LTE network partner. This collaboration will focus on media and broadcast integrations in Twitch streams and activations at events. With 5G Ultra Wideband designed for gamers, both companies aim to innovate how creators and fans interact. Verizon's Chief Media Officer highlighted the potential for 5G to enhance gaming experiences. Additionally, Verizon announced other partnerships, including with FaZe Clan and Riot Games, showcasing their commitment to the gaming industry amidst a revenue generation of $131.9 billion in 2019.