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 has announced the selection of five companies for the fourth cohort of its 5G First Responder Lab, aimed at enhancing emergency medical services through 5G technology. The focus will be on developing solutions that address challenges faced by EMS during the patient journey, leveraging 5G's high speed and low latency. Participating companies include Biotricity, Rave Mobile Safety, DispatchHealth, Vuzix, and Visionable. Verizon is also seeking applicants for the fifth cohort, concentrating on fire response and situational awareness.
Verizon has launched the Galaxy A71 5G UW, offering affordable access to its 5G Ultra Wideband network. With a 6.7” Super AMOLED display, quad-camera system, and robust battery, the device promotes seamless connectivity and entertainment. Customers can preorder starting July 9 for as low as $15/month with a new Premium Unlimited plan. The Galaxy A71 5G UW will be widely available from July 16, enabling users to experience next-generation mobile capabilities at competitive pricing.
Verizon and Ericsson have tested Integrated Access Backhaul (IAB) technology to enhance 5G deployment, allowing service rollout while awaiting fiber installation. IAB enables mobile cell sites to operate independently of fiber connections, crucial for first responders during emergencies. Despite its promise for quicker deployments, fiber remains essential for optimal network performance. Verizon continues to invest heavily in fiber, with $131.9 billion revenue in 2019, emphasizing its importance in the network ecosystem.
Verizon Media has launched a new TV tune-in attribution product, enabling broadcasters and media companies to measure the impact of digital ads on TV show viewership. This innovative product connects ad exposure across various platforms—mobile, CTV, video, and others—to actual TV viewing. It utilizes ACR data from over 15 million smart TVs, ensuring consumer privacy. With Discovery as an early adopter, the service aims to enhance ad personalization and campaign optimization. This development represents a significant advancement in cross-device advertising measurement.
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.