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.
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.
Yahoo, a part of Verizon Media, has launched the podcast series “STOR14S” in collaboration with the GEANCO Foundation. Featuring renowned actors like Benedict Cumberbatch and Rachel Brosnahan, the 14-part series will air starting June 18, 2020. It aims to provide entertainment and support mental health during the pandemic, while raising funds for GEANCO's COVID-19 relief efforts in Nigeria. The podcast will be available on major platforms, with all talent fees donated to the foundation.
BlueJeans by Verizon has enhanced its video conferencing platform with new features to improve security, user engagement, and productivity for remote workers. Key updates include Restricted Meetings for enhanced access control, Waiting Room features for managing meeting entry, and AES-256 GCM Encryption for improved security. Additionally, features like Smart Meetings Transcription and Slack Integration aim to boost collaboration while combatting video fatigue. This comes as utilization of BlueJeans surged by 300% during the pandemic, reflecting growing demand for secure, effective communication tools.
Verizon has launched the Lenovo Flex 5G, the world’s first laptop featuring 5G Ultra Wideband connectivity, available from June 18. Powered by the Qualcomm Snapdragon 8cx 5G platform, it offers remarkable speed with connectivity up to 2 gigabits per second and a battery life of up to 24 hours. Alongside, Verizon introduces its 5G Ultra Wideband Connected Device Plan starting at $30/month. This plan provides unlimited access to 5G Ultra Wideband and HD-quality streaming. The Lenovo Flex 5G targets mobile professionals and features enterprise-grade security, making it ideal for work-from-home and on-the-go productivity.
Verizon (NYSE: VZ) has announced its commitment to achieve carbon neutrality by 2035, joining The Climate Pledge to meet the Paris Agreement 10 years early. The company plans to invest $1 billion through green bonds to enhance its sustainability initiatives, targeting 50% renewable energy use by 2025. This initiative includes implementing decarbonization strategies, reporting greenhouse gas emissions, and fostering innovation in low carbon products. Verizon aims to be a leader in corporate sustainability, positively impacting the environment and its operations.
Verizon collaborated with the Cherokee Nation to establish a virtual hotline using its OneTalk service during the COVID-19 pandemic. This initiative aids around 2,000 fluent Cherokee speakers in accessing crucial information and services in their native language. The hotline ensures that calls from elders are promptly answered, facilitating communication related to health and food assistance. Additionally, Verizon supports distance learning for Cherokee language students, enhancing community engagement during a challenging time.
On June 15, 2020, Verizon Communications (NYSE: VZ) announced the redemption of several outstanding notes on July 15, 2020. The nominal value of the notes totals approximately $12.2 million, with each note being redeemed at 100% of its principal amount plus accrued interest. The notes affected include various Verizon InterNotes with due dates ranging from January 2029 to June 2030. This action reflects Verizon's ongoing financial management strategy to optimize its capital structure.
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Verizon 5G Home Internet has launched in Detroit, marking the sixth city to offer this wireless broadband service. The plan costs $50/month for Verizon customers and $70/month for others, with no hidden fees or annual contracts. Customers can also enjoy various entertainment options, including a year of Disney+ and a month of YouTube TV at no additional cost. Enhanced services are now available in parts of Indianapolis and Los Angeles, with plans to expand to ten cities by the end of 2020.