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. (NYSE, Nasdaq: VZ) generates a steady stream of news that spans technology, communications, sports partnerships, customer loyalty programs and financial updates. Headquartered in New York City and serving countries worldwide as well as nearly all of the Fortune 500, Verizon regularly issues announcements about its network capabilities, enterprise solutions, consumer offers and shareholder actions.
Investors and followers of VZ news will find coverage of quarterly earnings dates and related webcasts, where Verizon presents results and provides business updates. These releases often include discussions of non‑GAAP financial measures such as Consolidated EBITDA, Adjusted EBITDA, Adjusted EPS and free cash flow, along with explanations of how management uses these metrics. Dividend declarations from the Board of Directors, including details on record and payment dates, also appear in Verizon’s news flow and reflect its approach to shareholder returns.
Beyond financial information, Verizon news highlights its role in major sports and entertainment properties. As the Official 5G Network of the NFL and the Official Telecommunication Services Sponsor of FIFA World Cup 2026™, Verizon announces customer sweepstakes and ticket programs tied to events like Super Bowl LX and FIFA World Cup 2026™ matches. Programs such as Verizon Access and Verizon Ultimate Access, accessed through the My Verizon app, give customers opportunities to win game tickets, on‑field experiences and other exclusive rewards.
Verizon Business announcements showcase large-scale network and venue projects, including Wi‑Fi 6E and LAN upgrades for stadiums such as Empower Field at Mile High, and high‑capacity optical networks for media organizations like Monumental Sports & Entertainment. Other news items cover strategic collaborations, such as the Verizon AI Connect deal with Amazon Web Services (AWS) to build new long‑haul, high‑capacity fiber routes that support AI and cloud workloads.
For the consumer and prepaid segments, news from brands within the Verizon Value portfolio, such as Total Wireless, describes new device financing programs, 5G‑covered no‑contract offerings and initiatives aimed at expanding access to premium devices. Together, these stories provide a broad picture of how Verizon engages with customers, partners and investors across its wireless, broadband, enterprise and value segments. Bookmarking the VZ news feed on Stock Titan can help users follow earnings announcements, dividend decisions, major network projects and customer-focused campaigns as they are reported.
Verizon Enhances Network in Lansing, MI
As of April 27, 2023, Verizon has made significant upgrades to its Lansing network to meet rising data demands. Key improvements include:
- 39% coverage with 5G Ultra Wideband, enhanced in areas like East Lansing and MSU Spartan Stadium.
- Deployment of 100 MHz of recently acquired C-band spectrum for improved service delivery.
- Increased capacity on fiber optic links, enabling 10 times more data throughput.
According to RootMetrics® tests, Verizon leads in overall network performance in Lansing, showing peak download speeds of up to 438 Mbps with a 115% annual increase in median download speeds. This positions Verizon to deliver robust Internet services for homes and businesses, with plans starting at $25/month.
Verizon has partnered with the New York Hall of Science and Snap to launch "Science City Explorers", an innovative augmented reality experience in New York City. This program allows users to learn about the science behind everyday public objects, such as fire hydrants and stop signs, through a Snapchat Lens available exclusively to Verizon 5G customers and a 4G version for all Snapchat users. The initiative aims to deliver equitable STEM learning opportunities, encouraging children to explore their neighborhoods. Users who engage with the Lens can earn a free ticket to the New York Hall of Science. Verizon's 5G network enhances the experience by providing low latency and high-speed connectivity for real-time learning.
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Verizon has recently upgraded its network in Miami, enhancing customer experience just ahead of the Miami Grand Prix and summer travel season. The multi-year network redesign aims to accommodate increasing data demands and provide personalized services. Key upgrades include:
- 94% 5G Ultra Wideband coverage, with new cell sites enhancing capacity in Doral and Aventura.
- Deployment of mmWave spectrum for faster speeds and increased capacity.
- 60 MHz of recently acquired C-band spectrum set to enhance service by year's end.
- Upgraded fiber optic connections capable of carrying ten times more data.
According to RootMetrics, Verizon leads in overall network performance in Miami, showing peak download speeds of up to 265 Mbps. Enhanced services facilitate IoT applications, home internet reliability, and business connectivity.
Verizon has launched its Small Business Days from April 27 to May 3, providing support and resources for small businesses, particularly Hispanic-owned enterprises. As part of this initiative, Verizon announced $250,000 in grants distributed to 25 Hispanic small business recipients across major cities including Chicago and San Diego. Their program, Verizon Small Business Digital Ready, aims to aid businesses in enhancing their technology, marketing, and operational costs. A study revealed that 74% of Hispanic businesses have embraced digital tools, yet only 32% applied for private loans or grants. The company also highlights the significant need for mentorship and external support, especially in technology adoption. These initiatives align with Verizon's broader goal of aiding 1 million small businesses by 2030.
Verizon Communications reported its Q1 2023 results, showcasing a 5.3% increase in total wireless postpaid phone gross additions year-over-year and a $1.5 billion rise in cash flow from operations. Earnings per share (EPS) reached $1.17, up from $1.09 in Q1 2022, though adjusted EPS fell to $1.20. Total operating revenue was $32.9 billion, down 1.9% from the previous year, while net income increased by 6.5% to $5.0 billion. The company also achieved its largest broadband net additions in over a decade, totaling 437,000. However, it reported 127,000 postpaid phone net losses. Looking ahead, Verizon anticipates wireless service revenue growth of 2.5% to 4.5% and adjusted EBITDA of $47.0 billion to $48.5 billion for 2023.
Verizon, a key technology partner of the NFL, will showcase its enhanced 5G network during the 2023 NFL Draft Weekend in Kansas City. Network upgrades include a Distributed Antenna System at the Kansas City International Airport and four new macro cell sites to bolster coverage. Verizon’s median download speed has surged by 39% in the region, with a consistent lead in network performance across key metrics.
Additionally, Verizon will host 'Small Business Days' from April 27 to May 3, offering complimentary tech checks and promotions. The company will also engage fans with 5G experiences at the Draft, including meet-and-greet events with NFL stars. Verizon's ongoing partnership with NFL Green will see tree-planting initiatives in Kansas City, underscoring its commitment to sustainability.
Verizon Communications Inc. (NYSE: VZ) is set to release its first-quarter 2023 earnings on April 25, 2023, during a webcast beginning at 8:30 a.m. ET. Investors can access detailed results and commentary on Verizon’s Investor Relations website starting at 7:00 a.m. on the same day. In 2022, Verizon generated revenues of $136.8 billion, maintaining its position as a leading technology and communications service provider globally. The company's diverse offerings include data, video, and voice services, reinforcing its commitment to delivering reliable network connectivity and security solutions to customers.
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