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 (NYSE: VZ) is enhancing the NFL fan experience with exclusive offers for customers. Key highlights include:
- NFL Sunday Ticket from YouTube and YouTube TV, free for eligible customers (up to $449 value)
- $10/month discount on YouTube TV Base Plan for home internet customers
- Weekly ticket drops for every NFL game through Verizon Access
- Offers available for both mobile and home internet customers
These promotions aim to provide fans with comprehensive access to NFL games, whether through out-of-market streaming or in-person attendance. Verizon's myPlan and myHome platforms facilitate these offers, reinforcing the company's position as a key player in sports entertainment connectivity.
Verizon Communications (NYSE, NASDAQ: VZ) has initiated private exchange offers for 10 series of outstanding notes, totaling up to $2.5 billion in new notes maturing in 2035. The offers target qualified institutional buyers and non-U.S. persons. To receive the total exchange price, holders must tender their old notes by August 2, 2024. The exchange price includes an early participation payment and accrued coupon payments. Verizon will use a waterfall methodology to accept notes based on specified priority levels, capped at $2.5 billion but subject to potential increase. The new notes will bear interest at a rate tied to the 4.375% U.S. Treasury Security due May 2034, plus 100 basis points. The offers expire on August 19, 2024, with settlement dates following shortly after. The new notes will not be registered under the Securities Act and are only available to eligible holders.
Verizon (NYSE, Nasdaq: VZ) reported strong Q2 2024 results, showcasing growth in wireless service revenue and broadband subscribers. Key highlights include:
- Total wireless service revenue of $19.8 billion, up 3.5% year-over-year
- Retail postpaid phone net additions of 148,000
- Total broadband net additions of 391,000, including 378,000 fixed wireless
- Consolidated revenue of $32.8 billion, up 0.6% from Q2 2023
- Earnings per share of $1.09, with adjusted EPS of $1.15
Verizon remains on track to meet its full-year 2024 financial guidance, projecting wireless service revenue growth of 2.0-3.5% and adjusted EBITDA growth of 1.0-3.0%.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) has announced it will report its second-quarter 2024 earnings on Monday, July 22. The company will present results via a webcast starting at 8:30 a.m. Eastern Time. Access instructions and presentation materials will be available at 7:00 a.m. on Verizon's Investor Relations website.
The materials will include detailed commentary on Q2 results, an earnings news release, and financial tables. Verizon, headquartered in New York City, generated revenues of $134.0 billion in 2023. The company serves millions of customers worldwide, including nearly all Fortune 500 companies, providing mobility, reliable network connectivity, and security services.
Verizon (NYSE, Nasdaq: VZ) is celebrating a new partnership with the San Francisco 49ers by hosting an event featuring linebacker Fred Warner at its Blossom Hill retail location in San Jose on July 22, 2024. The event, from 5:00 to 6:00 p.m., offers fans autograph signings, photo opportunities, and exclusive giveaways.
This collaboration aims to enhance fan experiences both on and off the field, leveraging Verizon's technology and the 49ers' dedication to excellence. The partnership will provide unique, money-can't-buy experiences through Verizon Access rewards, demonstrating Verizon's commitment to connecting communities with their passions.
Verizon (VZ) has launched an exclusive streaming offer for its customers, bundling Netflix's Premium Plan with Peacock Premium for the first time. This -time deal allows Verizon customers to purchase one year of Peacock Premium and receive one year of Netflix's Premium plan for free, representing a $275 value. The offer aims to provide Verizon customers with significant savings on popular streaming content, including hit shows, movies, live sports, and upcoming events like the 2024 Paris Olympics. This strategic move by Verizon enhances its value proposition in the competitive telecommunications market, potentially attracting new customers and retaining existing ones through exclusive entertainment partnerships.
Verizon and the Washington Nationals have announced a new marketing and philanthropic partnership, making Verizon a proud partner of the Nationals. This alliance aims to enhance fan experiences and strengthen community contributions in Washington D.C. and beyond. Key highlights include:
1. Verizon signage at Nationals Park and on the bullpen cart
2. Creation of unique fan experiences
3. Expanded support for Washington Nationals Philanthropies
4. A sweepstakes offering tickets and exclusive experiences for fans
5. Verizon as the red carpet sponsor for the 2025 Nationals Homecoming Gala
6. Continued investment in the Nationals Youth Baseball Academy
The partnership reflects both organizations' commitment to supporting the D.C. community and enhancing the overall baseball experience for fans.
Verizon Frontline recently supported first responders at the Dallas Fort Worth International Airport's (DFW) preparedness showcase. The event brought together over 100 participants from various public safety agencies. Verizon deployed its Crisis Response Team, Satellite Solutions Group, and Network Assurance Team to provide critical communications services.
Key technologies provided included a Tactical Command Trailer, Community Response Trailer ('Big Red'), and a High Altitude Wireless Kennawhat (HAWK) drone. The showcase successfully demonstrated interoperable communications among different agencies, highlighting Verizon Frontline's commitment to supporting first responders with advanced network solutions.
Verizon is hosting a graduation ceremony on July 16th, 2024, in Philadelphia for small businesses completing a six-month technology training program. The event, held at Verizon's 1430 Walnut Street store from 8:30 a.m. to 10:30 a.m., will also include a session on AI adaptation for small businesses. This initiative is part of Verizon's $1M national Verizon Forward Community Enhancement Award, with a $50,000 investment to the African-American Chamber of Commerce and the Greater Philadelphia Hispanic Chamber of Commerce.
The program aims to help small businesses leverage technology to improve capacity and efficiency. Verizon's commitment to supporting diverse small businesses is further demonstrated through its Verizon Small Business Digital Ready platform, which has supported over 3,900 small businesses in Philadelphia with courses, workshops, and networking opportunities.
Verizon's network demonstrated resilience as Hurricane Beryl struck Houston. Despite widespread power outages, Verizon quickly restored connectivity for its customers using backup battery and generator power. Ninety percent of Verizon’s macro cell sites in Houston have backup generators. Verizon’s engineers have been working around the clock to maintain and restore services, deploying seven mobile assets to the area. The Verizon Frontline Crisis Response Team also provided important communication support to 20 different emergency management teams. Additionally, Verizon set up community resources like portable cell sites and Wi-Fi hotspots and is waiving call/text/data usage costs for affected customers from July 8-17, 2024.