Verizon Comms Stock Price, News & Analysis

A new report by Incisiv, Verizon (VZ), and Ericsson reveals that distribution companies are focusing on technology investments to enhance efficiency and labor productivity. The study, surveying 134 executives from retail, manufacturing, and logistics industries, found that:

1. 78% of companies prioritize managing operational costs.
2. 86% face labor shortages and workforce management challenges.
3. 81% plan to deploy mobile devices by 2026 for improved productivity.
4. 65% say their current network cannot support needs for the next 24 months.

Companies are investing in technologies like RFID, robotics, and AI to address these challenges and stay competitive in the evolving distribution landscape.

Verizon has partnered with the Atlanta Hawks and State Farm Arena as the Official 5G Wireless Partner for the 2024-25 regular season. This collaboration aims to enhance fan experience and support community engagement in Atlanta. Verizon has added 4G LTE and 5G Ultra Wideband coverage throughout the arena, focusing on providing 5G service using its premium mmWave spectrum.

Key points of the partnership include:

• Technology upgrades to improve event entry and concession experiences
• Exclusive access for Verizon customers to State Farm Arena events through Verizon Access
• Enhanced connectivity for fans during games and events
• Deepening Verizon's commitment to the Atlanta community

This partnership underscores Verizon's dedication to bringing innovative products and services directly to Hawks fans while contributing to Atlanta's cultural and sporting landscape.

Verizon has secured a $4 million task-order agreement with the National Labor Relations Board (NLRB) under the Enterprise Infrastructure Solutions (EIS) contract. The deal involves upgrading and reconfiguring SD-WAN at all 48 NLRB branch offices and headquarters. Verizon will also provide new distributed security infrastructure and cloud hosting services.

This win reinforces Verizon's position as a leading EIS service provider for federal agencies. The company's SD-WAN offering enables organizations to create application-driven, agile, and secure networks while controlling costs. Verizon recently announced a similar 1,000-site rollout for the Commonwealth of Virginia in April.

Verizon (NYSE, Nasdaq: VZ) has announced that Kyle Malady, Executive Vice President and CEO of Verizon Business, will speak at the 27th Annual Oppenheimer Technology, Internet & Communications Conference on August 12, 2024, at 12:25 p.m. ET. The event will be webcast with access instructions available on Verizon's Investor Relations website.

Verizon, headquartered in New York City, is a global telecommunications company serving millions of customers and nearly all Fortune 500 companies. In 2023, Verizon generated revenues of $134.0 billion. The company focuses on providing mobility, reliable network connectivity, and security solutions, continuously innovating to meet current and future customer needs.

Verizon (NYSE, Nasdaq: VZ) has enhanced its network in Fresno, CA, by activating new cell sites that provide 4G and 5G Ultra Wideband service. The upgrade includes three new macro cell sites, improving coverage in South Sunnyside, near Shields Avenue east of Fresno International Airport, and south of Highway 180 and S. Chestnut Avenue. This expansion is part of Verizon's multi-year, nationwide network transformation, aimed at enhancing connectivity for residents, visitors, and businesses.

The network upgrade allows for increased traffic support, improved performance, and the introduction of new products and services. It also expands the footprint of Verizon Home Internet, offering high-speed broadband to more households. Jake Hamilton, VP of Engineering and Operations at Verizon, emphasized the company's commitment to delivering reliable network experiences and meeting customers' connectivity needs.

Verizon Innovative Learning is expanding its education resources for the 2024/2025 school year, introducing new immersive learning content and an esports league. The initiative has already provided digital skills training to nearly 8 million students nationwide. Key highlights include:

- Welcoming 34 new Title I schools and opening 18 new Labs
- Launching a free scholastic high school esports league
- Expanding curriculum with gaming content and esports resources
- Adding new AR apps, Spanish-language activities, and museum partnerships
- Offering teachers discounted myPlan rates starting at $25 per line

Verizon has committed over $1 billion to support digital equity in education, aiming to provide 10 million youths with digital skills training by 2030.

Verizon Frontline has launched the 'Verizon Frontline-Verified' program to strengthen partnerships with vendors in the public safety and mission-critical communications industry. This initiative offers a special designation to vendors whose products meet rigorous standards for public safety use on the Verizon network. The program aims to provide first responders with peace of mind when purchasing new equipment.

Panorama Antennas is the first vendor to join the program, supplying 4G LTE and 5G antennas for disaster response operations. To gain 'Verified' status, vendors must be part of the Verizon Frontline Innovation Program, which focuses on exploring new technologies and developing solutions in four main public safety areas: Preparation, Response, Recovery, and Mitigation.

Verizon (NYSE, Nasdaq: VZ) has deployed an innovative program using artificial intelligence (AI) and machine learning to protect its fiber infrastructure from accidental damage. The system analyzes over 10 million annual 811 dig requests to identify high-risk excavations, potentially reducing up to several hundred fiber cuts yearly. This initiative highlights the importance of National Call Before You Dig Day on August 11th.

Verizon's AI strategy focuses on optimizing internal processes, enhancing products, and establishing AI-based revenue streams. The company owns and operates over 1 million miles of fiber, enough to wrap around Earth 40 times. This proactive approach aims to maintain customer connectivity and prevent costly repairs, demonstrating Verizon's commitment to leveraging advanced technology for improved service reliability.

Verizon is waiving domestic call, text, and data usage for postpaid consumer, small business, and prepaid customers in parts of Florida and Georgia affected by Hurricane Debby from August 6-12, 2024. The waiver applies to specific counties in both states. For prepaid customers using various Verizon-owned brands, service end dates are being extended to August 12, 2024.

Verizon is focusing on restoring service in areas affected by power outages. The company's macro cell sites have backup battery power, and most sites in the affected areas have backup generators. Engineers are working on repairs and ensuring continuous power supply through refueling efforts.