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 Business has been ranked #1 in customer satisfaction for Small Business Internet for the sixth consecutive year, according to the J.D. Power 2024 U.S. Business Internet Satisfaction Study. This accolade is based on responses from over 1,735 U.S. small businesses with 1-19 employees, highlighting Verizon's performance across six key factors: performance and reliability, cost of service, communications, billing, digital account management, and customer service. Aparna Khurjekar, Chief Revenue Officer at Verizon Business, emphasized the company's dedication to ensuring small businesses thrive. Verizon generated $134 billion in revenue in 2023, underscoring its position as a leading provider of technology and communication services.
Verizon's Frontline Crisis Response Team has provided important support to Grand Traverse County, Michigan following a ransomware attack. The team, upon request, delivered over 80 Verizon Frontline communication solutions to various county agencies to restore operations. Emergency management coordinator Gregg Bird expressed gratitude for Verizon Frontline's assistance in establishing temporary networks to ensure the continuation of public safety and essential government functions. Verizon Frontline offers on-demand emergency support to government agencies and first responders, including portable cell sites, Wi-Fi hotspots, and charging stations, at no cost. Verizon boasts a robust advanced network specifically designed for first responders, built through three decades of collaboration with public safety officials. In 2023, Verizon generated a revenue of $134 billion and continues to innovate to meet the evolving needs of its customers worldwide.
Total Wireless, operating on Verizon's 5G network, has launched new competitive prepaid wireless offerings. These include 10x faster unlimited data, a five-year price guarantee, and complimentary 5G phones with eligible plans. New customers can access unlimited data for under $30/month, with taxes and fees included. Additionally, customers get a $200 anniversary credit towards a new 5G phone after 12 months of plan payments. Total Wireless also provides a fourth line at no extra cost. The revamped brand look aims to distinguish Total Wireless in the market. The new offerings are designed to challenge competitors by providing reliable connectivity and no hidden fees. More information can be found at totalfacts.com.
Verizon has announced the availability of Samsung's latest Galaxy Z Fold6 and Z Flip6 smartphones, with pre-orders starting July 10, 2024, and full availability on July 24, 2024. The Galaxy Z Fold6 starts at $52.77 per month, while the Galaxy Z Flip6 starts at $30.55 per month, both over a 36-month payment plan with 0% APR. Additionally, Verizon is offering up to $800 off with any Samsung smartphone trade-in, and a free memory upgrade to 512GB for the price of 256GB when pre-ordering.
Other available products include the Galaxy Watch Ultra, Galaxy Watch7, and Galaxy Buds3 Pro with various offers and discounts. Verizon's promotional deals also include discounts on accessories and a Verizon Free Trial, providing unlimited premium data on 5G Ultra Wideband for 30 days.
The Washington Freedom of Major League Cricket (MLC) has announced Verizon as their team sponsor for the 2024 season, starting in July. Verizon, a leading telecommunications company, will have its logo on team helmets and caps. This partnership aligns with the expansion of cricket in the U.S., coinciding with the ICC Men’s Twenty20 World Cup and cricket's inclusion in the 2028 Los Angeles Olympics. The MLC's inaugural season in 2023 attracted over 70,000 fans and was broadcasted to 87 countries. The collaboration aims to foster community engagement through year-round initiatives.
Faction has launched self-driving light electric vehicle (EV) testing in Houston, Texas, aiming to transform curbside delivery operations. This initiative leverages Faction's proprietary DriveLink® autonomy system and TeleAssist® for remote human assistance, deploying a fleet of self-driving light EVs. These vehicles will conduct real-world testing with customer deliveries, gathering valuable data to enhance autonomous vehicle operations. A key partnership with Verizon (NYSE: VZ) provides important mobile connectivity and hyper-precise location services, ensuring efficient and reliable operations. Faction's CEO, Ain McKendrick, highlighted the potential of their technology to revolutionize urban transportation and foster a more sustainable future.
Verizon has announced its readiness for potential Public Safety Power Shutoff (PSPS) events in Hawaii as early as this week. These events are initiated by power providers like Hawaii Electric (HECO) to mitigate wildfire risks. Verizon has backup power resources to maintain network operations during power outages, ensuring customers stay connected. The company's retail team is prepared to assist customers with devices, accessories, and connectivity solutions. They also recommend measures like keeping devices charged, having backup power sources, and using emergency preparedness checklists. Verizon, a global technology and communications leader, reported $134 billion in revenue for 2023.
Verizon Communications Inc. has elected Caroline A. Litchfield, Executive Vice President and Chief Financial Officer of Merck, to its Board of Directors, effective October 1, 2024. Litchfield's extensive 34-year career at Merck includes roles such as EVP and CFO since 2021, SVP and Treasurer (2019-2021), and finance leader for Human Health (2014-2018). She brings significant expertise in financial operations, strategic planning, and mergers and acquisitions. This addition brings Verizon's board to 11 members. Verizon, a leader in network connectivity and security, reported $134 billion in revenue in 2023.
Verizon announced new customer-focused programs and benefits aimed at enhancing choice and flexibility. A key highlight is the launch of 'myHome,' which extends the customizable mobile plan 'myPlan' to home internet services, offering content perks from top streaming services at a low cost. The company also introduced a guaranteed phone trade-in program for all mobility customers, regardless of the phone's condition. Additionally, Verizon unveiled 'Verizon Access,' a platform providing exclusive access to events like NFL games and concerts. For business customers, Verizon Business launched a smartphone management solution. These initiatives coincide with a brand refresh featuring a new logo, color schemes, and marketing campaigns.
Verizon has launched myHome, a new offering designed to simplify home internet and entertainment services. myHome provides customers with flexible, customizable options for internet and entertainment, bundling services like Fios, 5G Home, and LTE Home internet plans with streaming services such as Netflix, Disney+, Hulu, and YouTube TV. Customers can also choose from various connected home perks and manage all options through the My Verizon app. The service includes price guarantees for up to four years and no hidden fees. myHome is available to over 67 million homes in the U.S., with plans starting at $35/month. Qualified low-income customers can get plans starting at $20/month. The initiative builds on the success of Verizon’s myPlan for mobile customers, offering significant savings for those who bundle home and mobile services.