Verizon Comms Stock Price, News & Analysis

Verizon Expands High-Speed Internet in Delaware

On March 21, 2023, Verizon announced the expansion of its high-speed broadband services across Delaware, providing internet access to nearly 2,000 locations including Camden, Dover, Smyrna, Bridgeville, and Ocean View. This initiative, supported by over $6 million from the American Rescue Plan, aims to enhance connectivity for both homes and businesses. Customers can choose from various plans, starting at $25 per month for Fios broadband with speeds of at least 300 Mbps. Verizon also participates in the Affordable Connectivity Program to assist low-income households with internet costs.

The 2023 Connected Retail Experience Study by Incisiv and Verizon Business highlights the increasing focus of retailers on technological investments aimed at enhancing operational efficiency, reducing costs, and boosting profitability. Key findings include a projected ninefold increase in AI adoption for operations by 2025, along with a rise in mobile point of sale systems and curbside pickup technologies. Retailers expect up to 70% of routine tasks to be automated by 2025, allowing staff to focus on high-value customer interactions. The study emphasizes the necessity for robust network infrastructure to handle increased device traffic.

Verizon Expands 5G Internet Services in Northeast

Verizon has launched its 5G Ultra Wideband home and business internet services in Newark and Trenton, NJ, Syracuse, NY, and Wilkes-Barre, PA. Starting at $25 per month with AutoPay for eligible customers, these services promise reliable high-speed internet without hidden fees or annual contracts. Additionally, Verizon offers a 30-Day Satisfaction Guarantee and a credit of up to $500 to cover early termination fees for new customers switching from other providers. The new plans aim to enhance customer connectivity and affordability, with price guarantees spanning up to three years.

Verizon expands 5G Ultra Wideband services in Ames, Cedar Rapids, and Iowa City, providing high-performance connectivity. Residents can now experience faster speeds, greater capacity, and enhanced reliability similar to wired broadband. The first 5G cell sites are live, with additional service planned for key locales including downtown Iowa City and Iowa State University. As part of this rollout, Verizon utilizes recently acquired C-band spectrum, enhancing bandwidth to 100 MHz, promising superior speed and capacity. The upgrades will also enable fiber optic cables to handle ten times the data, significantly improving community network performance.

Verizon Innovative Learning has provided digital skills training to over 3 million students since its 2012 launch, supporting educational equity and inclusion. For the upcoming 2023-2024 school year, it will add 32 new Title I schools, increasing its program's reach to 593 schools and benefitting an estimated 18,000 students. The initiative offers free technology access, comprehensive teacher training, and an extensive online portal with over 275 lesson plans and 40 professional development courses. Verizon aims to equip 10 million youths with digital skills by 2030, reinforcing its commitment to bridging the digital divide.

Verizon's network in Fort Myers has been recognized as the best, according to RootMetrics testing, outperforming competitors in all categories including accessibility and speed. Verizon's median download speed has risen by 236% over the past year. Recent network upgrades include deployment of 5G Ultra Wideband and enhancements to fiber optic connections, allowing capacity to carry 10 times the data. Plans include expanding coverage with more small cell sites and utilizing a full 100 MHz of C-band spectrum. Customers can also access 5G Home Internet starting at $25/month.