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 Communications (NYSE: VZ) announced a quarterly dividend of 61.50 cents per share, remaining unchanged from previous quarters. This dividend is payable on August 3, 2020, to shareholders on record by the close of business on July 10, 2020. In 2019, Verizon distributed approximately $10.02 billion in cash dividends, with around 4.1 billion shares outstanding. Verizon generated $131.9 billion in revenues last year, showcasing its strong market presence in technology and communications.
Verizon Communications Inc. (NYSE: VZ) will announce its second quarter 2020 earnings on July 24, 2020. The results will be presented via a webcast at 8:30 a.m. ET, with access instructions available on Verizon's Investor Relations website at https://www.verizon.com/about/investors starting at 7:30 a.m. ET. Verizon, headquartered in New York City, recorded $131.9 billion in revenue in 2019, focusing on voice, data, and video services across its award-winning networks.
On May 27, 2020, Verizon (NYSE: VZ) announced that Ronan Dunne, executive vice president and CEO for Verizon Consumer, will speak at the virtual Bernstein 36th Annual Strategic Decisions Conference on May 28 at 3 p.m. ET. Interested parties can access the webcast through Verizon's Investor Relations website. Celebrating its 20th anniversary as a leading provider in technology and communications, Verizon generated $131.9 billion in revenue in 2019, offering various voice, data, and video services. For more updates, visit Verizon's online media center.
Verizon and the Los Angeles Unified School District have amended their agreement to enhance distance learning for students in California. This partnership aims to bridge the digital divide, providing internet access to low-income families. Verizon's commitment includes unlimited connectivity at discounted rates, aiding hundreds of thousands of additional students. This initiative supports the California Department of Education's mission to ensure every student has the necessary technology for academic success. LAUSD serves nearly 700,000 students, making it one of the largest school districts in the U.S.
Verizon has enhanced its hurricane season preparations, integrating requirements for additional personal protective equipment and virtualized command centers into its response plans. The Verizon Response Team is available 24/7, offering critical support to first responders. With heightened network demands due to COVID-19, Verizon focuses on ensuring reliable communication during crises, utilizing strategies like backup generators and mobile wireless centers. The company emphasizes individual and business readiness, encouraging communities to prepare personal communication plans as storm season approaches.
Verizon has announced several key 5G advancements, including the launch of a virtual lab aimed at accelerating 5G application development. San Diego becomes the 35th city to receive Verizon’s 5G Ultra Wideband service, set to go live on May 28. Additionally, 5G uploads are now available across all existing cities, enhancing user experience with faster upload speeds. The company has also formed partnerships with technology firms to improve millimeter wave coverage, indicating ongoing commitment to expanding its 5G capabilities.
Verizon has announced that the Samsung Galaxy S20 5G UW will be available for preorder starting May 21 for $41.66 per month over 24 months, totaling $999.99. This smartphone, designed for Verizon’s 5G Ultra Wideband network, features an advanced 64MP camera with 30x Space Zoom and can shoot 8K video. The device includes a 120Hz display and a 4,000 mAh battery. Verizon is also offering promotions, including up to $1,000 towards a second device with new lines, and discounts for existing customers upgrading their devices.
The 2020 Data Breach Investigations Report reveals that 86% of data breaches are financially motivated, up from 71% in 2019. Credential theft and social attacks are responsible for 67% of breaches, with web application attacks doubling to 43%. The report analyzed 32,002 security incidents, identifying patterns that can help organizations strengthen their defenses. Smaller businesses, particularly, are increasingly targeted, with phishing accounting for 30% of breaches. The findings underscore the urgent need for comprehensive security measures as cyber threats evolve.
Verizon acquired BlueJeans Network, Inc. on May 15, 2020, enhancing its Advanced Communications portfolio. This acquisition adds 390 new employees and bolsters Verizon's offerings in video conferencing, particularly critical during the pandemic. BlueJeans products are designed to integrate seamlessly with Verizon's mobile-first solutions and 5G roadmap, facilitating scalable and secure cloud-based meetings. Verizon generated $131.9 billion in revenue in 2019, positioning itself as a leader in technology and communications.
Verizon Communications (VZ) announced the redemption of two sets of notes, scheduled for June 15, 2020. The 2.375% Notes due February 17, 2022, totaling €935,347,000, and the 0.500% Notes due June 2, 2022, with €453,963,000 outstanding, will be redeemed at the greater of their principal amounts or the present values of remaining payments. This strategic financial move allows Verizon to optimize its debt structure as it continues to navigate a dynamic market.