Verizon Comms Stock Price, News & Analysis

Verizon (NYSE, Nasdaq: VZ) announced that Tony Skiadas, executive vice president and chief financial officer, will speak at the Morgan Stanley European Technology, Media and Telecom Conference on Thursday, November 21, at 2:05 a.m. ET. The presentation will be available via webcast through Verizon's Investor Relations website.

Verizon, headquartered in New York City, is a global telecommunications company serving millions of customers and nearly all Fortune 500 companies. The company generated revenues of $134.0 billion in 2023, focusing on providing mobility, reliable network connectivity, and security services.

Verizon Connect has released its fifth annual Fleet Technology Trends Report, surveying 543 fleet management professionals. The report shows that over 80% of fleets use at least one form of fleet technology, with GPS fleet tracking adoption at 69%. Key findings reveal significant improvements in cost savings, with fuel savings doubling from 8% to 16% between 2021-2025, and accident cost savings increasing from 11% to 22%. 47% of users achieved positive ROI from GPS tracking within a year. The report also highlights increased adoption of in-cab video solutions, with 68% of users rating them highly beneficial. Additionally, 28% of respondents use GPS tracking to identify suitable EV applications, while 77% cite rising costs as their top challenge.

Verizon Business has partnered with Knightscope to provide connectivity for autonomous security robots (ASRs). The collaboration focuses on deploying K5 security robots and K1 emergency communication devices at commercial and government facilities. The K5 ASR has received FedRAMP approval from the U.S. Department of Veterans Affairs, validating its security compliance. Operating 24/7 with Verizon's 4G LTE connectivity and future 5G integration, the K5 offers real-time monitoring capabilities through the Knightscope Security Operations Center interface. This partnership extends Verizon's relationship with the VA, following a $448.3 million contract for mobile devices and mission-critical communications support.

Frontier Communications Parent (NASDAQ: FYBR) announced that its stockholders have approved the acquisition by Verizon Communications (NYSE, NASDAQ: VZ). The vote saw approximately 63% of stockholders supporting the merger agreement, including ten of the company's top 12 stockholders. Under the agreement announced on September 5, 2024, Verizon will acquire Frontier in an all-cash transaction at $38.50 per share, representing a 37% premium to Frontier's unaffected share price on September 3, 2024. The transaction is expected to close by the first quarter of 2026, subject to regulatory approvals and customary closing conditions.

The Verizon Frontline Crisis Response Team recently supported first responders during a Nuclear Hostile Action Exercise at the Brunswick Nuclear Plant in North Carolina. The exercise, involving over 40 first responders from 12 public safety agencies, evaluated emergency preparedness plans. Verizon provided critical communications solutions including a Satellite Picocell on a Trailer (SPOT), VoIP phones, cellular routers, and 5G Ultra Wideband smartphones. The company's 24/7 emergency assistance service is offered at no cost to supported agencies, demonstrating Verizon's commitment to public safety through their advanced network and technology built for first responders.

Verizon and Barbie® have announced a first-ever holiday collaboration featuring the transformation of the iconic Barbie DreamHouse™ into the Barbie StreamHouse, powered by Verizon Home Internet. The partnership includes a life-sized replica in NYC's SoHo from December 12-15, featuring interactive experiences, exclusive merchandise, and virtual shopping. The campaign will span digital, TV, social media, and outdoor billboards, showcasing how Verizon powers gaming and connected home devices. Through partnerships with Barbie Dream Gap Project and Girls Inc., NYC, the initiative includes hosting 100 students for a special StreamHouse experience, highlighting Verizon's family-oriented services including Family features, Gizmo Watch 3, and myPlan offerings.

Verizon and ForgiveCo have announced a $3 million initiative to eliminate consumer debt for veterans across Michigan, Missouri, and Wisconsin. The program will distribute $1 million in debt relief in each metropolitan market of Detroit, St. Louis, and Milwaukee, running from Thanksgiving through Christmas. Each week, $250,000 in veteran debt will be cleared per market for four weeks.

The initiative is supported by partnerships with the Milwaukee Bucks (NBA) and St. Louis Blues (NHL) to amplify awareness. Additionally, Verizon is offering veterans and military members in these regions special savings on mobile or home internet plans, including a $50 bill credit for activating a new smartphone line on select plans.

Total Wireless, a no-contract wireless provider powered by the Verizon 5G network, announces partnership with Puerto Rican boxing champion Amanda Serrano during Puerto Rican Heritage Month. Serrano, a seven-division world champion and first-ever undisputed champion from Puerto Rico, receives her first-ever phone and unlimited data plan at age 36. The partnership includes collaboration with Most Valuable Promotions (MVP) for their docuseries MVP Uncut, featuring behind-the-scenes footage of upcoming fights. Fans can meet Serrano at a Brooklyn Total Wireless store on December 1, and watch her upcoming match against Katie Taylor on Netflix on November 15.

Verizon has secured a 24-month extension for its Global Network Solutions (GNS) contract with the Department of Defense, bringing the total contract value to over $98 million. The extension aims to establish a point-to-point connection in Southwest Asia for critical network communications. This builds on Verizon's extensive DoD partnerships, including a $2.67 billion U.S. Navy contract, three EIS awards worth nearly $1 billion, and a $15 million EIS task order for Navy voice and data services. The GNS contract is set for recompetition and award by 2026.