Verizon Comms Stock Price, News & Analysis

Verizon (NYSE, Nasdaq: VZ) has announced that Joe Russo, Executive Vice President and President of Global Networks and Technology, will speak at the Citi 2024 Global TMT Conference on Thursday, September 5, at 9:10 a.m. ET. The event will be webcast, with access instructions available on Verizon's Investor Relations website.

Verizon, formed in 2000, is a leading provider of technology and communications services. Headquartered in New York City, the company generated revenues of $134.0 billion in 2023. Verizon offers data, video, and voice services, focusing on mobility, reliable network connectivity, and security.

For more information, interested parties can visit Verizon's online media center at verizon.com/news or subscribe to their RSS feed at www.verizon.com/about/rss-feeds/.

Verizon Connect, a leading fleet management solutions provider, has announced new features to help fleet operators manage vehicle emissions more effectively. The company has been chosen for the California Bureau of Automotive Repair (BAR) Continuous Testing Program (CTP) pilot, allowing California government entities to submit telematics data directly to BAR, eliminating the need for physical smog tests. Additionally, Verizon Connect has launched the Emission System Report, a tool providing detailed information on vehicle emissions-related systems, including fault codes and check engine light status. These initiatives aim to simplify compliance with environmental regulations, reduce downtime, and contribute to sustainability goals for fleet operators across the United States and Canada.

Verizon (NYSE, Nasdaq: VZ) has announced significant updates to its Verizon Visa® Card, offering enhanced rewards and savings for both Verizon Wireless and Fios customers. The card now provides 4% rewards on Verizon purchases, grocery stores, gas (including EV charging), and dining, with 1% on other purchases. Cardholders can save up to $10 per account or line monthly on their Verizon bills through Auto Pay. New customers can receive a $100 statement credit after their first purchase within 90 days. Notably, Fios-only customers are now eligible to apply for the card. The Verizon Visa® Card, issued by Synchrony (NYSE: SYF), has no annual fee and allows customers to earn unlimited Verizon Dollars with no expiration date.

Total Wireless, a prepaid wireless provider on Verizon's network, has launched a new promotion targeting Metro, Mint Mobile, and T-Mobile customers. New customers who port in two or more lines from these carriers can get unlimited 5G data for $15 per month per line on the Total 5G Unlimited plan. This offer includes a five-year price guarantee with taxes and fees included.

The promotion follows Visible's recent deal for single-line switchers and comes shortly after Mint Mobile's offer for AT&T and Verizon switchers. Total Wireless' offer is designed for T-Mobile customers needing multiple lines. Additional benefits include faster data that never slows down and a $200 Anniversary Credit towards any 5G phone after 12 monthly plan payments.

Verizon and Skylo have partnered to launch a commercial direct-to-device messaging service for Verizon customers, providing connectivity in areas without cellular coverage. Starting this fall, select smartphones will have access to emergency messaging and location sharing via satellite. By next year, Verizon plans to offer text-anywhere satellite capabilities for certain devices.

Verizon is the first mobile carrier globally to launch supplemental smartphone connectivity on Skylo's non-terrestrial satellite network. The companies are also collaborating on satellite IoT technology, successfully demonstrating how Verizon-enabled IoT devices can roam onto satellite networks when out of cellular range. This innovation has potential applications in transportation, agriculture, maritime, environmental monitoring, and asset tracking.

Verizon remains prepared for Hurricane Hone's impact on Hawaii, demonstrating its commitment to keeping communities and first responders connected. The company's Response Team has conducted year-round preparations, including emergency drills, network infrastructure fortification, and resource mobilization for rapid response.

Verizon's network is engineered to withstand severe weather, featuring redundancy in critical components. The company has over 550 portable network assets, 300 satellite-based portable network assets, and more than 1,000 mobile generators ready for deployment. The Verizon Frontline Crisis Response Team, composed primarily of former first responders and military personnel, stands ready to support public safety agencies at no cost.

In 2023, Verizon supported agencies during three major hurricanes, and in the first seven months of 2024, the team has responded to nearly 800 requests from over 400 agencies in 44 states. Verizon also supports its employees through the VtoV Employee Relief Fund, providing aid during natural disasters or emergencies.

Simple Mobile, a Verizon no-contract wireless provider, has introduced its LifeLine discount program for California residents. Eligible customers can get a 30GB wireless plan for as low as $1/month when combined with the Federal Lifeline program. This comes as Simple Mobile launches a promotion offering 3x the high-speed data on select plans.

Key points:

• California LifeLine program offers $29 off the $30 plan price
• QR code application process at authorized retailers
• Automatic qualification for SNAP, Medicaid, and Veterans Pension beneficiaries
• Over 700 locations in California and 5,000 nationwide
• Expansion of Lifeline program across the U.S.

Verizon (NYSE: VZ) has announced the expiration and final results of its private exchange offers for 10 series of notes.

The offers, which expired on August 19, 2024, involved the exchange of old notes for newly issued notes due 2035. All conditions for the exchange have been met or waived. Verizon accepted all notes validly tendered after the original early participation date of August 2, 2024.

Key figures include:

• Total exchange price for fixed rate notes varied from $933.66 to $1,008.93 per $1,000 principal of old notes.
• New notes have a coupon rate of 4.780% and a principal amount of $25,819,000.
• Final settlement date is August 21, 2024.

Verizon has entered into a registration rights agreement for the new notes and appointed Global Bondholder Services as the exchange and information agent.

Verizon (NYSE, Nasdaq: VZ) announces the launch of the Google Pixel 9 smartphone family, available for preorder now. The lineup includes Pixel 9, Pixel 9 Pro, Pixel 9 Pro XL, and Pixel 9 Pro Fold, featuring advanced AI capabilities and 5G connectivity. Verizon offers attractive deals, including:

1. Up to $800 off with qualified trade-in for new and existing customers
2. Free memory upgrade for Pixel 9 and Pixel 9 Pro XL
3. Pixel Watch 3 for as low as $5/month with 5G Android smartphone purchase
4. NFL Sunday Ticket from YouTube and YouTube TV included with new line activation on select plans

The devices will be available in stores starting August 22 for Pixel 9 and Pixel 9 Pro XL, and September 4 for Pixel 9 Pro and Pixel 9 Pro Fold. Verizon also introduces exclusive perks like YouTube Premium for $10/month and a 30-day free trial for new customers.