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 has enhanced its 5G services in Myrtle Beach and Hilton Head, SC, adding 20 new small cells and boosting 5G capacity to 31 existing sites in Myrtle Beach, and enhancing 8 existing sites with a new 4G/5G cell site in Hilton Head. This expansion aims to improve network performance for beachgoers and residents, supporting activities from social media sharing to remote work.
A survey indicates that 75% of beachgoers use their phones at the beach, with 63% having used them for work. Coverage has been extended to key areas, including Myrtle Beach Airport, Coastal Carolina University, and Palmetto Dunes in Hilton Head.
This initiative is part of Verizon's broader 5G network expansion, reaching over 250 million people and providing advanced services like 5G Business Internet and Verizon Home Internet.
Verizon Communications (NYSE, Nasdaq: VZ) will announce its second-quarter 2024 earnings on July 22. The company will begin its earnings webcast at 8:30 a.m. ET, with presentation materials available online from 7:00 a.m. ET on Verizon's Investor Relations website. Verizon, established in 2000 and headquartered in New York City, is a leading global provider of technology and communications services. In 2023, the company generated $134 billion in revenue, offering data, video, and voice services through its award-winning networks. Further details, including financial tables and earnings commentary, will be included in the webcast.
Verizon and TelevisaUnivision have expanded their partnership to offer new Verizon myPlan and Home Internet customers 12 months of ViX Premium at no extra cost. This offer, starting June 20, provides over $80 in savings and access to 17,000 hours of Spanish-language content, including exclusive soccer coverage such as the CONMEBOL Copa America 2024 and UEFA Euro 2024. Additionally, the partnership includes unique experiences like talent meet-and-greets and ViX Originals screenings for Verizon customers and employees. This collaboration builds on Verizon's efforts to engage the Latino community through various partnerships and services, including international calling plans and recognizing international credit history.
Verizon Connect, a leader in fleet management solutions, has been awarded a Silver Stevie® Award in the transportation category at the 22nd Annual American Business Awards® for 2024. This award is one of three accolades the company has received this year, highlighting its competitive achievements. Verizon Connect was recognized for its innovative solutions in fleet management and asset tracking, including the Video Coaching solution, EV Suitability Tool, and Equipment Asset Tracker. The company aims to digitize services and reduce costs for businesses, with over 220 million driving videos analyzed and 29 patents filed. The company also boasts a marketplace with 40+ integration partners.
On June 10, 2024, Verizon will host a career and networking event at its Fordham Road store in The Bronx as part of its 'Connected by Culture' series.
From 2:30 p.m to 5:30 p.m., attendees can hear from top community leaders, discuss job opportunities with a Verizon recruiter, and get free professional headshots. Leaders from the Latino and Black communities, including Lisa Sorin, Paloma Izquirdo-Hernandez, Rocky Bucano, and Debbie Roman, will participate in the panel.
The event underscores Verizon's commitment to workforce development and digital inclusion, aligning with the Citizen Verizon responsible-business plan. Verizon Skill Forward program will be highlighted, offering free, expert-led online courses for one year.
Verizon, a leading tech and communications provider, generated $134 billion in revenue in 2023. The company aims to foster community growth and technological inclusivity through such initiatives.
Verizon introduces the Gizmo Watch 3 – Adventure, a new smartwatch for kids aged 6 to 11. It features a larger 1.6-inch display with a scratch-resistant coating, real-time location tracking, boundary notifications, an SOS button, and voice/text communication capabilities. Other highlights include fitness and learning tools, a robust design, and a Snapdragon Wear 4100 platform for enhanced performance. Available from June 20, the watch costs $3.61 per month over 36 months or $129.99 retail. A -time offer allows buyers to get a second watch for $85 off with a new line.
The Board of Directors of Verizon Communications declared a quarterly dividend of 66.50 cents per share, consistent with the previous three quarters. This dividend will be payable on August 1, 2024, to shareholders of record by July 10, 2024. Chairman and CEO Hans Vestberg emphasized the company's confidence in its cash flow and dedication to shareholder value. Verizon aims to raise the dividend later this year, continuing a 17-year trend. Verizon has around 4.2 billion shares outstanding and paid over $11 billion in cash dividends in 2023. In 2023, Verizon generated $134 billion in revenue, offering various technology and communication services worldwide.
Verizon's Frontline Crisis Response Team has mobilized to support over 1,000 first responders tackling wildfires in New Mexico. The team provided Satellite Picocells on Trailers (SPOTs) and other Verizon Frontline solutions to enhance communication in remote areas, particularly in Santa Fe National Forest and Lincoln County Emergency Operations Center. Equipment such as smartphones, jetpacks, and network extenders was deployed to ensure critical voice and data services. Verizon's initiative is part of its ongoing commitment to public safety, bringing advanced technology to first responders at no cost. Verizon generated $134 billion in revenue in 2023.
Verizon has been named a Gold Verified Peering Provider (VPP) by Google, allowing it to offer optimized connectivity services to Google applications like Google Workspace, Google Cloud, and Google APIs.
As a Gold VPP, Verizon can provide simplified and reliable connectivity to Google's services, benefitting customers who prefer offloading the complexities of network management. This designation is the highest tier within Google's VPP program, demonstrating Verizon's extensive and diverse connectivity capabilities across multiple metropolitan areas.
Verizon's secure and efficient broadband services aim to reduce latency and enhance the customer experience, particularly for those involved in latency-sensitive operations such as secure access service edge (SASE) and SD-WAN migrations.
Google recognizes Verizon's global network footprint and enterprise connectivity offerings as ideal for providing high-quality connectivity services to mutual customers.
Verizon Business and Samsung Electronics America will host their award-winning Innovation Sessions in New York City on June 5 at Radio City Music Hall. This event will highlight the latest advancements in 5G technology and its transformative potential for businesses. Attendees will witness demonstrations of current technology and participate in discussions on digital transformation and innovation.
The collaboration aims to showcase how 5G can revolutionize various industries by enhancing connectivity and operational efficiency. Keynote speakers and industry experts will provide insights into the practical applications of 5G technology, driving forward-thinking conversations on its future impact.
This session is part of Verizon Business's ongoing efforts to lead in 5G deployment and underscore their commitment to innovation and technological progress.