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 demonstrated strong network performance during Super Bowl Sunday in New Orleans, with customers using 93.5 TB of data citywide and 38.1 TB at Caesars Superdome. The company's network showed superior performance, delivering 2.4x faster download and 4.8x faster upload speeds compared to competitors, with peak speeds reaching 4,161 Mbps download and 1,067 Mbps upload.
As part of its commitment to New Orleans, Verizon has made significant infrastructure investments, including laying over 560 miles of fiber and adding large capacity connections across key city locations. At Caesars Superdome, the company deployed 511 5G UltraWideband and 155 C-band radios to ensure comprehensive coverage for the 65,719 attendees, with approximately 53% using Verizon's network.
Verizon (VZ) has secured top positions in RootMetrics® second half 2024 drive tests, winning awards for Best 5G, Fastest 5G, and Most Reliable 5G networks. The company achieved 874 Metro Area RootScore Awards, 70% more than its closest competitor, marking its eighth consecutive national 5G reliability award.
The company's 5G Ultra Wideband network now reaches over 280 million people. Key network improvements include expanded home broadband availability, satellite backup connectivity implementation, 5G Standalone Core deployment, and integration of 5G Advanced technologies. Verizon is also preparing its network infrastructure for AI workloads to support future innovations.
Verizon reported revenues of $134.8 billion in 2024, serving countries worldwide and nearly all Fortune 500 companies.
Verizon (VZ) announces the addition of Google One AI Premium as a new perk for myPlan and myHome customers, becoming the first U.S. wireless provider to offer an AI-powered perk. Starting February 6, customers can access this service for $10 per month, half the regular price of $19.99.
The package includes Gemini Advanced, Google's next-gen AI, 2TB of cloud storage, and AI features in Google apps like Gmail and Docs. Customers can use Gemini for tasks like analyzing documents, creating presentations, and conducting research. The service allows analysis of up to 1,500 pages and includes custom AI experts ('Gems') for personalized assistance.
This addition complements Verizon's existing perks like Disney Bundle, Netflix & Max, and YouTube Premium. Customers can bundle Google One AI Premium with YouTube Premium for $20 monthly, saving $13.98 compared to separate subscriptions.
Verizon has announced that its first-ever Super Bowl FanFest initiative has reached full capacity with over 100,000 free tickets claimed across 30 cities. The events, designed for customers and fans, will provide exclusive access to stadiums and iconic venues, featuring activities like on-field experiences, locker room tours, and player meet-and-greets.
Following AFC and NFC championship outcomes, Verizon has expanded its FanFest locations in Philadelphia (Pennsylvania Convention Center) and Kansas City (KC Live!) to accommodate additional fans. The company is also donating thousands of tickets to organizations supporting first responders in Los Angeles, with special recognition planned at SoFi Stadium.
The company reported revenues of $134.8 billion in 2024, demonstrating its significant market presence in providing mobility, network connectivity, and security services.
Verizon (VZ) has partnered with ForgiveCo to eliminate $10 million in consumer debt for 6,500 Western North Carolinians affected by Hurricane Helene. The initiative, announced at Verizon's South Asheville store, targets medical, financial, and other necessity-related debts, with Basketball Hall of Fame coach Roy Williams participating in notifying beneficiaries.
The debt relief program operates on a 'random acts of kindness' model, requiring no applications from recipients. This effort complements Verizon's previous $400,000 donation to United Way of North Carolina post-hurricane. ForgiveCo's approach involves purchasing consumer debt in affected areas and notifying recipients through surprise communications.
The company reported revenues of $134.8 billion in 2024, serving countries worldwide and nearly all Fortune 500 companies.
Verizon (VZ) is expanding its network coverage through satellite technology partnerships. The FCC has authorized Verizon and AST to test satellite-to-phone connections for voice, data, and video applications. The company is collaborating with Skylo for satellite messaging features and has formed a $100 million strategic partnership with AST SpaceMobile to provide direct-to-cellular service.
The initiative includes AST's first five commercial BlueBird satellites in low Earth orbit, which will test connections with Verizon smartphones without requiring specialized software. Verizon currently operates nearly 300 satellite-based portable network assets for emergency situations and utilizes satellite connections for cell sites in remote areas where fiber infrastructure is unavailable.
The company reported revenues of $134.8 billion in 2024 and claims to cover more than 99% of where people live, work, and play. The satellite expansion aims to eliminate remaining coverage gaps in remote locations.
Verizon Business has secured an 8-year Enterprise Infrastructure Solutions (EIS) task order from the U.S. Coast Guard worth up to $66 million. The contract involves providing Wi-Fi, phone, data, and other services to the Coast Guard's C5I office.
The scope includes phasing out legacy TDM services and implementing cellular-based POTS replacement for voice communications, along with Contact Center as a Service (CCaaS) with IL-4 security solutions. While the base task order is 12 months, it can extend to eight years.
This adds to Verizon's portfolio of federal contracts, including a $2.67 billion U.S. Navy contract, a $1 billion Pentagon network overhaul, and a $78 million Naval District Washington modernization contract.
Verizon Frontline has announced a significant expansion of its services to the New York State Police, providing 5G connectivity to their fleet through over 1,800 new service lines. The implementation will enable high-speed, low-latency connectivity for various important police equipment including Mobile Data Terminals, GPS applications, radios, wireless printers/scanners, license plate readers, and camera systems.
This technological upgrade aims to enhance operational efficiency and safety for state troopers as they perform their duties across New York. The initiative is part of the police force's modernization efforts to improve crime prevention and response capabilities. Verizon Frontline's advanced network, developed through three decades of partnership with public safety agencies, is specifically designed to meet first responders' unique needs.
Verizon Communications (NYSE, Nasdaq: VZ), which generated revenues of $134.8 billion in 2024, continues to expand its services in public safety and emergency response sectors.
Verizon Connect has launched two advanced fleet management solutions: Extended View Cameras and Driver Vehicle Inspection Report (DVIR). The Extended View Cameras system provides near-360-degree visibility with rear, side, and cargo cameras, enhancing fleet safety and reducing liability. The DVIR solution streamlines vehicle inspections and compliance through the Reveal platform.
The Extended View Cameras feature multi-channel views and help reduce collision risks, protect against false claims, and monitor cargo damage. The DVIR system offers customizable inspection reports, photo documentation capabilities, real-time alerts, and third-party maintenance provider integration.
The Extended View Cameras are available in the U.S., while DVIR is available in both U.S. and Canada. These innovations aim to improve operational efficiency, enhance safety, and ensure regulatory compliance for fleet managers.
Verizon Business has unveiled Verizon AI Connect, a comprehensive suite of solutions designed to support AI workloads at scale. The strategy addresses the growing demand for network capacity and computational power, particularly focusing on real-time inference processing, which McKinsey projects will represent 60-70% of AI workloads by 2030.
The company is leveraging its existing infrastructure, including 5G networks, fiber connectivity, and edge computing capabilities. Google Cloud and Meta are already utilizing this additional capacity for their AI workloads. Verizon is expanding its AI ecosystem through strategic partnerships with NVIDIA for GPU-based edge platforms, Vultr for GPU-as-a-Service, and collaborations with Google Cloud for network maintenance and Meta for network infrastructure enhancement.