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. (VZ) delivers cutting-edge wireless, broadband, and enterprise solutions through America's most reliable network. This news hub provides investors and industry professionals with direct access to official press releases and strategic updates from the telecommunications leader.
Track Verizon's latest 5G deployments, financial results, technology partnerships, and infrastructure investments. Our curated collection features earnings announcements, product launches, and regulatory filings – all essential for understanding the company's market position.
Key updates include network expansion initiatives, enterprise cloud solutions, and advancements in AI-driven connectivity. Bookmark this page for real-time insights into Verizon's operational developments and competitive strategies within the evolving telecom sector.
The 2023 Connected Restaurant Experience Study, conducted by Incisiv in partnership with Verizon Business and Cisco, highlights the growing complexity in restaurant operations due to increased digital ordering. It reports that 83% of customers plan to utilize mobile order-ahead services in 2023, and 72% of restaurant operators find it challenging to meet these rising customer expectations. Only 52% of quick-service and 41% of full-service restaurants are satisfied with their digital offerings. Key areas for technology investment include fulfilling digital orders, enhancing kitchen efficiency, and speeding up checkouts. Automation is expected to rise, with quick-service restaurants anticipating 51% of tasks will be automated by 2025.
Verizon announced significant upgrades to its network in Colorado Springs, CO, part of a multi-year redesign to enhance customer experience and meet growing data demands. Notable improvements include the deployment of new cell sites and an expanded fiber optic network, significantly increasing capacity.
Currently, 47% of residents have access to 5G Ultra Wideband, with additional services like home internet becoming available at affordable rates. Recent testing by RootMetrics® indicates that Verizon leads in overall network performance in Colorado Springs, with a 67% increase in median download speeds.
Verizon has launched a Free Trial program for non-Verizon customers, allowing them to experience its 5G network for 30 days at no cost. Customers can sign up without needing a credit card or impacting their current mobile plan. The trial offers unlimited talk and text, up to 100 GB of data, and supports streaming in 480p on 4G/LTE and 4K on 5G Ultra Wideband. Eligible users must have an unlocked eSIM-capable smartphone to participate. Verizon generated revenues of $136.8 billion in 2022, solidifying its position as a leading telecom service provider.
Verizon is set to expand high-speed broadband services to approximately 349 addresses in rural Bedford County, Virginia, after receiving approval from the County Board of Supervisors. The project, financed with American Rescue Plan funds, aims to close the digital divide by making broadband accessible to previously unserved areas. Expected completion is by spring 2024. Verizon's commitment to expanding broadband aligns with its goal of enhancing connectivity in underserved regions, reflecting ongoing efforts to provide economic benefits and reliable internet services to customers.
Verizon Communications Inc. (NYSE: VZ) is scheduled to report its first-quarter 2023 earnings on April 25, 2023, at 8:30 a.m. Eastern Time. The company generated revenues of $136.8 billion in 2022 and is recognized as a leading provider of technology and communication services globally. Investors can access Verizon's earnings news release and financial tables on its Investor Relations website by 7:30 a.m. on the reporting day. This webcast will provide insights into the company’s financial performance and strategic direction in the competitive telecommunications landscape.
BlueJeans Basic is a newly launched free video conferencing plan from Verizon that supports unlimited meetings for up to 25 participants. This platform emphasizes superior audio and video quality, aiming to serve the needs of small businesses and individuals. Key features include high-fidelity audio, enterprise-grade security, and compatibility across devices. A TechValidate survey revealed 95% of users find BlueJeans easy to use, and 94% consider it more reliable than competitors. The service also incorporates advanced AI capabilities for enhanced video experiences. Users can download BlueJeans Basic for free today.
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