Verizon Comms Stock Price, News & Analysis

Verizon is enhancing its Call Filter service, now protecting over 75 million wireless lines against unwanted robocalls. Recent data indicate a 30% decline in unwanted calls over the last three months, reflecting a seven-month trend of decreasing spam calls. The company has identified nearly 40 new COVID-19 scams and is working with government agencies to combat these issues. The Call Filter app has prevented over 5 billion spam calls since launch. Customers can upgrade to Call Filter Plus for enhanced features at $2.99/month.

Verizon has expanded its 5G Home Internet service to parts of Houston, enhancing connectivity for remote work and smart homes. By year-end 2020, 5G Home will reach 10 cities. Verizon is also trialing new network technology with Pivotal Commware in Dearborn, Michigan, aimed at improving signal coverage through intelligent repeaters. This cost-effective solution targets underserved areas, particularly multi-unit dwellings. The company generated revenues of $131.9 billion in 2019, reflecting its status as a leading provider of technology and communication services.

Verizon has launched new prepaid plans that provide savings over time, encouraging long-term customer retention. Customers can save $5 after three months and another $10 after nine months, with an additional $5 discount for Auto Pay, totaling up to $15 off. The Unlimited plan starts at $65 per month, dropping to $50 after nine months. It includes talk, text, and data to Mexico and Canada. Options like the 5GB plan are available for as low as $25/month. These offers aim to deliver value without sacrificing quality on Verizon's award-winning network.

Verizon has partnered with Digital Catapult to launch an immersive accelerator program focused on developing innovative 5G solutions for enterprises. This initiative invites select retail and brand partners to work with startups in Verizon's London 5G Lab over a seven-month period. The lab, launched in February 2020, enables organizations to test and develop 5G applications, showcasing its transformative potential across various use cases. The collaboration aims to drive innovation and support the local entrepreneurial community in leveraging 5G technology.

Verizon is set to launch the Verizon Visa Card on June 26, offering unique rewards and monthly discounts on wireless bills. Exclusive to Verizon wireless customers, cardholders can earn Verizon Dollars on everyday purchases, redeemable like cash for Verizon products. The card features no limits on earnings, no expiration dates, and is the only credit card eligible for Auto Pay discounts. Early access is available for qualifying customers until June 25, with approvals potentially granting up to $1,000 in Verizon Dollars.

Verizon has successfully completed trials of Dynamic Spectrum Sharing (DSS) technology in Texas and Minnesota, enabling simultaneous data sessions for LTE and 5G NR over low-band spectrum. This advancement supports Verizon's goal to launch 5G Nationwide in 2020. DSS allows efficient spectrum use, maximizing customer experience by keeping 5G-enabled devices connected to 5G when outside Ultra Wideband coverage. This technology enhances network programmability and low latency, catering to various use cases, including IoT and AR/VR applications.

Verizon is expanding its "Food for Frontline Workers" program to support healthcare staff in El Paso, TX, and Chula Vista, CA, by providing 100 meals daily from local restaurants between June 15-20. This initiative aims to support medical staff during the COVID-19 pandemic and assist local businesses affected by it. Tami Erwin, CEO of Verizon Business Group, highlighted their commitment to frontline workers and small business owners. The program will deliver meals to The Hospitals of Providence and Scripps Mercy Hospital and is part of Verizon's broader efforts to support the community during the health crisis.

On June 16, 2020, Girl Scouts of the USA launched CircleAround, a media brand designed for adult women aged 25-54. With a focus on Inspiration, Wellness, Work, Money, Parenting, Relationships, and News, CircleAround aims to provide a trusted content destination that embodies the values of the Girl Scouts. The platform will feature various content formats including articles, blogs, and podcasts, and is operated by a wholly-owned subsidiary of the organization. Revenue will be generated through advertising, supporting the Girl Scouts' mission of empowering young girls.

Verizon is launching a new monthly webinar series titled "Return to Business as Unusual" aimed at enterprise businesses, starting on June 17, 2020. The first session, featuring Harvard Professor Dr. Joseph Kvedar and journalist Ron Insana, will explore telehealth advancements during the COVID-19 pandemic. This initiative focuses on adapting to changes in business practices, particularly in health technology, which has seen increased use due to the pandemic. The webinar will be available on-demand for those unable to attend live.