Verizon Comms Stock Price, News & Analysis

Verizon expands 5G Ultra Wideband network across Nebraska, launching new service in Columbus, Cozad, Grand Island, Hastings, Nickerson, North Platte, Spalding, and Tilden. Customers in these areas will now benefit from faster speeds, increased capacity, and improved reliability, enabling activities like HD streaming and video conferencing previously reliant on wired connections. The service utilizes C-band spectrum to enhance its 5G capabilities, with ongoing plans for further deployment throughout Nebraska.

By year's end, additional spectrum will enhance these services, offering significantly higher speeds and accommodating more users. Verizon aims to connect homes and businesses with top-tier 5G technology, supporting local economies and enhancing public safety through dedicated networks for first responders.

Verizon announced the upcoming availability of Snapchat+, Snap Inc.'s premium subscription service, on its +play platform starting next month. Customers who subscribe through +play will receive a promotional offer of three months of access at no cost. This integration adds Snapchat+ to a portfolio of over 30 services on +play, enhancing the choices available to Verizon's customers.

Snapchat+ provides early and exclusive features, already attracting 3 million subscribers. Erin McPherson, Chief Content Officer of Verizon, emphasized the expanded partnership options and encouraged users to utilize the exclusive Snapchat+ offer. The +play platform aims to evolve continuously with new functionalities in entertainment and lifestyle.

Verizon, a leading technology and communications provider, reported revenues of $136.8 billion in 2022.

Verizon's network upgrades in San Diego have significantly enhanced customer experience, with 42% coverage using 5G Ultra Wideband technology. Major cell sites added in key areas increase data capacity. The network's performance has been validated by RootMetrics, showcasing Verizon as unbeaten in overall performance metrics. Peak download speeds reached 352 Mbps, with a 38% rise in median speeds year-over-year. The enhancements support various applications, including IoT, home internet, and augmented reality solutions. Verizon offers Home Internet starting at $25 per month with no data caps, further improving accessibility for users. Businesses benefit from ultra-fast 5G Business Internet with unlimited data options and a ten-year price guarantee. These upgrades position Verizon as a leader in providing reliable and secure connectivity.

Verizon is enhancing education through its Innovative Learning program, integrating technology into language arts to boost student engagement and learning outcomes. With one-on-one devices and internet access, students at institutions like Secrist Middle School in Tucson are exposed to a variety of resources that enrich their learning experience. Educators emphasize that technology facilitates individualized instruction, particularly benefiting English language learners by allowing them to practice speaking skills creatively. The program provides free lesson plans that combine STEM principles with language arts, including activities such as creating interactive biographies and designing futuristic logos. This initiative supports the overall goal of synergizing learning across disciplines.

Verizon Business has announced the launch of a private 5G network at the new Cleveland Clinic hospital set to open in July 2023. This collaboration aims to enhance patient care and improve connectivity for caregivers. The private network will support various applications, including patient check-in kiosks, detailed digital displays, in-room infotainment, and asset tracking. Additionally, advanced technologies such as AR/VR for education and assisted surgeries will be explored as part of future 5G deployments. This initiative aligns with the Cleveland Clinic's vision of developing a fully digital hospital infrastructure to enhance patient experiences and continuity of care.

Verizon's deployment will utilize an Ericsson platform, facilitated by a partnership with KPMG LLP, aiming to provide secure and reliable connectivity essential for healthcare operations.

Verizon Expands Fios Access in Maryland

Verizon is rolling out high-speed Fios internet service to nearly 4,000 new households and businesses in underserved areas of Maryland. The $26 million initiative, supported by $11 million from the American Rescue Plan Act and $14 million from Verizon, aims to enhance digital connectivity.

The project will deploy over 500 miles of fiber, providing symmetrical speeds ranging from 300Mbps to 2Gbps. This significant upgrade is expected to connect over one-third of unserved addresses in the state. Additionally, the Affordable Connectivity Program will enable low-income households to access discounted internet services.

With plans starting as low as $25 per month, Verizon’s Fios service emphasizes affordability and accessibility, contributing to closing the digital divide for Maryland residents.

Verizon Business has announced a partnership with Siemens to enhance network connectivity solutions for employees at smaller office sites. This collaboration emphasizes security through a Zero Trust Program, requiring continuous validation for access to critical applications and data. Verizon plans to implement a global Managed Wide Area Network utilizing Cisco Meraki technology, aligning with Siemens’ goal of maintaining stringent security measures. Sanjiv Gossain, EMEA VP at Verizon, highlighted the need for a secure yet user-friendly infrastructure. This initiative follows a survey revealing that over 70% of organizations believe remote work has strained cybersecurity. The deployment of these innovative solutions supports Verizon's growth in private networks and business solutions.