Verizon Comms Stock Price, News & Analysis

Verizon has announced the formation of a new division focused on the value market, named the Verizon Value organization. Effective January 1, 2023, Angie Klein will lead this division. The initiative aims to streamline Verizon's prepaid and value brands, including Visible and TracFone, to better serve the needs of 23 million subscribers. This strategic shift is expected to drive efficiencies and enhance customer-centric products, positioning Verizon competitively in a changing market.

Verizon is enhancing its retail experience this holiday season by implementing advanced technology across over 1,400 stores. The launch includes 15,000 mobile POS tablets and 4,000 payment terminals, improving service speed and efficiency.

The new 'View Together' tool offers seamless interactions between customers and agents, while AI-driven data insights optimize staffing for customer service. Businesses can utilize new Retail Lockers for device order pickups. Additionally, the 'Return Anywhere' program simplifies device returns. Promotions include a 5G phone and other devices with trade-ins.

Verizon and Higi have announced a strategic collaboration aimed at enhancing digital health solutions. This partnership will integrate Higi's virtual chronic care services with Verizon's robust 5G connectivity and BlueJeans Telehealth platform. The initiative focuses on improving healthcare access for underserved communities, particularly in rural areas. Plans include establishing a virtual care clinic and comprehensive chronic condition management services. With Verizon's network support, the partnership aims to address health equity and provide remote monitoring for chronic conditions.

The third annual State of Small Business Survey by Verizon reveals that 61% of small and midsize businesses have adopted digital tools to enhance customer experiences. However, 44% of decision-makers express concerns that supply chain issues could negatively impact holiday sales. With almost 40% worried about pricing amid inflation, the need for technology adoption is emphasized. Verizon aims to support 1 million small businesses by 2030 through initiatives like Small Business Digital Ready and special offers during Small Business Days, running until November 23.

On November 16, 2022, Matt Ellis, CFO of Verizon (NYSE: VZ), will speak at the Morgan Stanley European Technology, Media and Telecom Conference at 2:05 a.m. ET. The event will be webcast, accessible via Verizon’s Investor Relations website. Verizon, headquartered in New York City, is a leading global provider of technology and communications services, generating $133.6 billion in revenue in 2021. The company delivers data, video, and voice services, prioritizing customer mobility and network reliability.

Sowmyanarayan Sampath, executive vice president for Verizon (VZ), will speak at the NSR & BCG Innovation Conference on November 14 at 10:30 a.m. ET. Attendees can access the webcast via Verizon’s Investor Relations website.

Founded on June 30, 2000, Verizon is a top global provider of technology and communications services, headquartered in New York City. The company reported revenues of $133.6 billion in 2021, offering data, video, and voice services to meet customer demands.

Verizon is offering an enticing holiday promotion, providing customers with a free 5G phone, along with additional gifts like tablets, smartwatches, and earbuds, available while supplies last. Starting November 17, customers can enjoy enhanced trade-in deals, receiving up to $1,000 for their old phones upon signing up for select 5G Unlimited plans. Verizon also introduces other tech deals, including substantial discounts on gaming bundles and popular accessories, while ensuring their Home Internet service comes with a 10-year price guarantee for added affordability.

Verizon has strengthened its partnership with MiCTA, enhancing access to its comprehensive suite of communications solutions for over 8,000 members in public sectors. This agreement streamlines procurement processes, enabling members to modernize their communications infrastructure efficiently. Key offerings include advanced tools like virtual contact centers and secure cloud services, supporting improved citizen engagement. Verizon's reliable 5G network and technology portfolio are set to provide significant benefits to state and local governments, educational institutions, and other organizations that MiCTA serves.

In response to Hurricane Ian and upcoming tropical weather, Verizon has reaffirmed its commitment to keep Florida's community and first responders connected. The company has mobilized teams and equipment throughout the state, completing necessary maintenance and upgrades. Verizon's network is designed to withstand extreme conditions, featuring backup power systems at 100% of macro cell sites. Over 500 portable assets and 150 satellite-based systems are ready for deployment to enhance network coverage. Verizon Frontline will support first responders with critical communication tools during emergencies.