Verizon Comms Stock Price, News & Analysis

Verizon Communications Inc. (NYSE: VZ) is set to announce its fourth-quarter 2022 earnings on January 24, 2023. The webcast presentation, starting at 8:30 a.m. Eastern Time, will provide insights into the company's performance. Access to materials, including a detailed earnings release and financial tables, will begin at 7:00 a.m. on Verizon's Investor Relations website. In 2021, the company reported revenues of $133.6 billion, showcasing its strong position as a leading provider of technology and communications services globally. Verizon focuses on meeting the demand for mobility, network reliability, and security.

Verizon and Centech, in partnership with Bell Canada, launched the 5G Development Hub to empower startups in harnessing 5G and Mobile Edge Computing (MEC). Initiated in May 2022, this program selected seven startups to develop innovative solutions across various sectors, such as manufacturing and energy. Each startup collaborated with Verizon's network experts and tested their technologies on Bell's 5G network. Notable participants include Kognitiv Spark and Haply Robotics, which leveraged 5G for enhanced performance and near-real-time control. The initiative aims to foster innovation and growth in Canada’s startup ecosystem.

Verizon has upgraded cell sites in Silver Valley, Idaho, enhancing network capacity and reducing latency. This upgrade doubles the data processing capabilities of local cell sites, allowing more customers to connect simultaneously. It also prepares the infrastructure for future cell sites in the area. Despite challenging weather conditions, engineers successfully deployed fiber cables, significantly improving network reliability and speed. The company emphasizes its commitment to providing advanced technology and maintaining service quality in extreme weather. Verizon generated $133.6 billion in revenue in 2021, highlighting its position as a leading technology and communications provider.

Verizon Mobile for Microsoft Teams has launched, integrating mobile devices with Microsoft Teams for seamless calling and collaboration. This service enables Teams Phone Mobile users to make and receive external calls using a single Verizon-provided business number. The solution aims to support hybrid work environments by providing features like single number simplicity, superior call quality, and seamless call transfers. Verizon positions itself as the first operator in the U.S. to offer this service, enhancing workforce mobilization and offering cost-effective communication solutions.

On January 12, 2023, Verizon announced four new long-term renewable energy purchase agreements (REPAs) totaling up to 410 megawatts (MW), pushing its total renewable energy capacity beyond 3.0 gigawatts (GW). These agreements contribute to Verizon's goal of sourcing 50% of its electricity consumption from renewable sources by 2025. The company has signed 24 REPAs since 2019, equating to approximately 8.4 million megawatt hours (MWh) of annual electricity production, enough to power over 707,000 homes. Verizon aims for net-zero operational emissions by 2035.

Verizon Business has launched a suite of digital engagement capabilities for its Virtual Contact Center (VCC), aiming to enhance the entire digital customer journey. This new framework includes solutions like VCC SmartAssist, VCC Guide, VCC Expert, and VCC Enlighten XO. These tools are designed to facilitate seamless customer interactions, offering self-service and AI-driven assistance. The vendor-agnostic solutions can be integrated with existing contact center systems, providing organizations with the flexibility to enhance customer experience across various digital channels.

Verizon will showcase its innovative 5G solutions at the National Retail Federation’s Big Show 2023 from January 15-17 at the Jacob K. Javitz Center, NYC. The event will highlight the role of 5G in transforming retail by enhancing omni-channel solutions. Key demos include a Hologram Experience, Express Shop for autonomous checkout, and a solution for Automated Returns. Verizon aims to demonstrate how its 5G technology facilitates enterprise connectivity and digital transformations for retailers.

Verizon announced a limited-time offer for its Welcome Unlimited plan at $25 per line per month for four lines, including a three-year price guarantee. To celebrate, they are giving away 20 pairs of Super Bowl tickets for three consecutive years. The offer is aimed at anyone seeking better value from their wireless provider and is available until February 15, 2023.