Verizon Comms Stock Price, News & Analysis

On April 13, 2023, Verizon Frontline deployed its Crisis Response Team to support the Baker to Vegas Challenge Cup Relay, a law enforcement race involving over 8,000 participants. The team provided vital communications in remote areas of California and Nevada, including 20 medical support sites, using 215 Verizon solutions, such as Satellite Picocells on Trailers (SPOTs). This assistance, delivered at no cost to local agencies, highlights Verizon Frontline's commitment to public safety partnerships. The team’s efforts enabled emergency medical services in challenging terrains, reinforcing the importance of reliable communication in crisis situations. Verizon Communications, a leading technology provider, generated $133.6 billion in revenue in 2021.

Verizon announced new promotions for its Home Internet services on April 13, 2023, targeting new customers during the moving season. Eligible customers can choose between a gift card of up to $200 for Home Depot or an Xbox Series S with accessories when signing up for Fios, 5G Home, or LTE Home Internet. The offer aims to ease the transition for customers moving into new homes by providing reliable internet and additional incentives for home improvement or entertainment.

Verizon also offers a 30-Day Satisfaction Guarantee with a refund on service charges if customers are unsatisfied. The promotional offer reflects Verizon's commitment to enhancing customer experience and driving sign-ups in a competitive market.

Verizon Enhances Network Performance in Kissimmee

On April 13, 2023, Verizon announced significant upgrades to its network in Kissimmee, Florida, aimed at improving coverage, capacity, and customer experience. Key highlights include:

• Over 51% of cell sites now support 5G Ultra Wideband.
• Deployment of C-band and mmWave spectrum to boost speed and capacity.
• Peak download speeds reaching up to 279 Mbps, making Verizon unbeaten in overall network performance per RootMetrics.
• Upgraded fiber optic links to handle 10 times the data capacity.

These enhancements support various applications, including IoT devices, home internet services without data caps starting at $25/month, and robust solutions for businesses.

Verizon Business has announced the return of its 5G Innovation Sessions, starting on April 19, 2023, at Chicago's Soldier Field. Following a successful 2022 tour, the 2023 series aims to demonstrate the potential of 5G technology through immersive experiences and expert panels. Collaborating with Ericsson and other key players like IBM and UC Davis Health, the events will showcase applications such as 5G Edge Crowd Analytics and Cashierless Checkout.

The initiative reflects Verizon's commitment to enhancing its network in Chicago, with significant investments resulting in 85% of cell sites offering 5G Ultra Wideband. By the end of the year, additional spectrum is expected to further enhance bandwidth and service speed. Verizon continues its efforts in digital equity through initiatives like the Verizon Innovative Learning program.

Verizon Upgrades Network in San Francisco

On April 12, 2023, Verizon announced significant upgrades to its network in San Francisco to meet rising data demands and support innovative applications. The enhancements include expanded 5G Ultra Wideband coverage using enhanced C-band spectrum, with 80% of the area now covered. Key improvements involve deploying new cell sites, adding fiber optic capacity, and introducing advanced technologies like Mobile Edge Compute (MEC) to lower latency. Additionally, the company has opened a new Innovation Lab in San Francisco to foster development and collaboration with partners. The facility emphasizes both commercial and private 5G applications, marking a pivotal step toward enhancing digital transformation in the region.

Verizon is collaborating with Virginia Beach to enhance communication and public safety along its iconic boardwalk. The partnership involves installing 14 small cell sites to improve 4G and 5G Ultra Wideband cell service. The city will also utilize these installations for safety measures, including cameras and public address systems. Verizon experienced a significant 53% increase in data usage in 2022, highlighting the growing demand for robust data services. The deployment aims to support the upcoming "Something in the Water" music festival, expected to attract around 40,000 visitors. All services are slated to be fully operational this year, improving connectivity and safety for residents and tourists.

Verizon Enhances Network Experience in St. Louis

Verizon has implemented significant network upgrades in St. Louis, MO, enhancing customer experience as part of a long-term strategy to handle rising data usage. Key improvements include:

• 74% of the area covered by 5G Ultra Wideband, with faster speeds reported.
• Utilization of 60 MHz of C-band spectrum for improved service delivery.
• Upgraded fiber optic cables capable of transporting ten times more data.

According to RootMetrics®, Verizon is ranked the top network for overall performance, boasting peak download speeds of up to 388 Mbps. These advancements enable robust options for Internet-of-Things devices, home internet solutions, and enterprise services.

Verizon Connect has launched its new proprietary Equipment Asset Tracker (EAT), enhancing mobile workforce management platforms across the U.S. and Canada. The EAT supports AEMP 2.0 telematics integration for heavy-duty machinery, allowing businesses to monitor critical equipment data like location, productivity, and health.

This innovation aims to streamline installations, featuring both wired and battery options to support various types of equipment. The EAT device offers a battery life of up to 10 years and enables customers to manage their assets efficiently, improving recovery rates and reducing downtime.

With these updates, Verizon Connect continues to provide essential tools for fleet management, helping users make informed decisions and optimize operational efficiency.