Verizon Comms - VZ STOCK NEWS

Verizon has announced that the Samsung Galaxy S20 5G UW will be available for preorder starting May 21 for $41.66 per month over 24 months, totaling $999.99. This smartphone, designed for Verizon’s 5G Ultra Wideband network, features an advanced 64MP camera with 30x Space Zoom and can shoot 8K video. The device includes a 120Hz display and a 4,000 mAh battery. Verizon is also offering promotions, including up to $1,000 towards a second device with new lines, and discounts for existing customers upgrading their devices.

The 2020 Data Breach Investigations Report reveals that 86% of data breaches are financially motivated, up from 71% in 2019. Credential theft and social attacks are responsible for 67% of breaches, with web application attacks doubling to 43%. The report analyzed 32,002 security incidents, identifying patterns that can help organizations strengthen their defenses. Smaller businesses, particularly, are increasingly targeted, with phishing accounting for 30% of breaches. The findings underscore the urgent need for comprehensive security measures as cyber threats evolve.

Verizon acquired BlueJeans Network, Inc. on May 15, 2020, enhancing its Advanced Communications portfolio. This acquisition adds 390 new employees and bolsters Verizon's offerings in video conferencing, particularly critical during the pandemic. BlueJeans products are designed to integrate seamlessly with Verizon's mobile-first solutions and 5G roadmap, facilitating scalable and secure cloud-based meetings. Verizon generated $131.9 billion in revenue in 2019, positioning itself as a leader in technology and communications.

Verizon Communications (VZ) announced the redemption of two sets of notes, scheduled for June 15, 2020. The 2.375% Notes due February 17, 2022, totaling €935,347,000, and the 0.500% Notes due June 2, 2022, with €453,963,000 outstanding, will be redeemed at the greater of their principal amounts or the present values of remaining payments. This strategic financial move allows Verizon to optimize its debt structure as it continues to navigate a dynamic market.

Verizon has launched a virtual commencement series titled ‘Class of 2020: Ready for Anything,’ featuring prominent speakers like President Bill Clinton and Hans Vestberg, CEO of Verizon. The series runs every Friday from May 22 to June 12 and will be available on Verizon’s LinkedIn, Yahoo, and Yahoo Life. Each session includes a 30-minute conversation followed by a student Q&A. This initiative marks Verizon’s commitment to providing students with a memorable graduation experience amidst the challenges posed by the pandemic. The company continues to strengthen its position in technology and communications.

Verizon Communications (NYSE: VZ) and SiriusXM have announced a partnership to integrate SiriusXM with 360L into 10 2021 model year Audi vehicles in the U.S. This advanced audio platform combines satellite and streaming content for a seamless listening experience. The partnership utilizes Verizon's 4G LTE network to provide reliable access to SiriusXM's On Demand content. Audi customers will also receive a complimentary six-month trial of Audi connect services and a three-month trial subscription to SiriusXM’s All Access package with their vehicle purchase or lease.

Verizon and SiriusXM have announced a collaboration to integrate SiriusXM with 360L, a cutting-edge audio platform, into 11 Audi models for the 2021 model year in the U.S. This platform merges satellite and streaming content, enhancing in-vehicle entertainment. Verizon's 4G LTE network supports seamless access to on-demand content. Audi customers will receive a six-month trial of Audi connect services and a three-month SiriusXM All Access subscription. This partnership aims to improve customer experience and mobility through enhanced connectivity.

Hans Vestberg, CEO of Verizon (NYSE: VZ), will present at the virtual J.P. Morgan Global Technology, Media and Communications Conference on May 12, 2020, at 8 a.m. ET. The event's webcast details can be found on Verizon's Investor Relations website. Verizon, celebrating its 20th anniversary, reported revenues of $131.9 billion in 2019, providing diverse technology and communication solutions globally. As a key player in mobility and reliable network services, Verizon remains committed to meeting customer demands for connectivity and security.

Verizon's CFO, Matt Ellis, will present at the virtual MoffettNathanson 7th Annual Media & Communications Summit on May 11 at 8 a.m. ET. The presentation will be available via webcast on Verizon’s Investor Relations website. Established on June 30, 2000, Verizon is a major global provider of technology and communications solutions, achieving revenues of $131.9 billion in 2019. The company offers a variety of services including voice, data, and video across its award-winning networks, catering to consumer needs for connectivity and security.