Welcome to our dedicated page for Verizon Comms news (Ticker: VZ), a resource for investors and traders seeking the latest updates and insights on Verizon Comms stock.
Verizon Communications Inc. reports developments across its telecommunications business, including wireless service performance, broadband connectivity, enterprise services and network technology. Company updates commonly address postpaid phone activity, customer economics, cash flow, guidance, investor conference appearances and capital markets actions involving outstanding Verizon and subsidiary notes.
News also covers Verizon's network resilience and public-safety capabilities, including Digital Twin damage modeling, satellite-enabled disaster connectivity, private 5G, fixed wireless access and broadcast solutions. Partnership and sponsorship updates describe how Verizon uses 5G, fiber and venue network design to support connected experiences for customers, businesses, broadcasters and large events.
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.
Verizon has extended its agreement with The Walt Disney Company, enhancing its Mix & Match Unlimited plans to include The Disney Bundle—Disney+, Hulu, and ESPN+. Starting August 20, customers can enjoy these services at no additional cost within select plans. The revised offerings not only provide more entertainment options but also introduce unlimited data in the Just Kids plan for $35/month. Verizon aims to deliver greater value at the same price while supporting its 5G Nationwide network, enhancing customer experience with faster speeds and extensive content choices.
Verizon has launched its Hyper Precise Location using Real Time Kinematics (RTK), offering centimeter-level accuracy compared to the typical three to nine meters of GPS. This technology aims to enhance IoT applications, road safety, and autonomous driving through collaborations with HERE Technologies and Renovo. Key benefits include improved logistics in robotics, enhanced emergency response, and safer vehicle navigation. Verizon, celebrating 20 years in business, generated $131.9 billion in revenue in 2019, marking its commitment to innovation in the communication sector.
Adam Koeppe, senior vice president of network strategy and planning for Verizon (NYSE, Nasdaq: VZ), will speak at the virtual Cowen Communications Infrastructure Summit on August 11, 2020, at 12:40 p.m. ET. His remarks will be webcast, with access details available on Verizon’s Investor Relations website. Verizon, founded on June 30, 2000, marked 20 years as a leading provider of technology and communications services, generating $131.9 billion in revenue in 2019. For further updates and news releases, visit their Online Media Center.
Verizon has partnered with Square Enix and Crystal Dynamics to offer customers early access to the anticipated video game Marvel's Avengers. Starting August 10, 2020, 5,000 Super Tickets are available for Verizon wireless and Fios customers, providing access to a beta event from August 14-16, and a digital copy of the game upon redemption.
This partnership highlights Verizon's commitment to enhancing customer experience in gaming, with plans for future exclusive content and innovative network offerings.
Verizon and AWS announced the launch of 5G mobile edge compute with AWS Wavelength, now live in Boston and the Bay Area. This partnership allows developers to create innovative applications benefiting from ultra-low latency and high bandwidth, essential for industries like healthcare and sports. Notably, use cases include real-time machine learning for medical procedures and enhanced analytics for sporting events. Verizon aims to expand the 5G Edge to more cities by the end of 2020, aiming to provide speeds 10 times faster than 4G.