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. reports developments across its telecommunications business, including wireless service performance, broadband connectivity, enterprise services and network technology. Company updates commonly address postpaid phone activity, customer economics, cash flow, guidance, investor conference appearances and capital markets actions involving outstanding Verizon and subsidiary notes.
News also covers Verizon's network resilience and public-safety capabilities, including Digital Twin damage modeling, satellite-enabled disaster connectivity, private 5G, fixed wireless access and broadcast solutions. Partnership and sponsorship updates describe how Verizon uses 5G, fiber and venue network design to support connected experiences for customers, businesses, broadcasters and large events.
Summary not available.
Verizon will showcase its Enterprise Intelligence solutions at the Mobile World Congress Barcelona from February 27 to March 2, 2023. The demonstration aims to highlight the significance of 5G technology for businesses amidst changing consumer demands.
Verizon Business plans to display multiple innovative solutions, including Quality Assurance for Warehouses, a partnership with the NFL for coach communications, and an interactive experience to explore Private 5G networks. The company emphasizes its global reach and commitment to assisting enterprises through advanced connectivity solutions.
Verizon's Random Acts of Kindness Campaign celebrated kindness by partnering with local chocolate and flower shops across nine cities to surprise customers with gifts. Launched during Random Acts of Kindness Week and coinciding with Valentine's Day, the campaign aims to encourage recipients to spread kindness further. Verizon's COO emphasized that this initiative is part of the ongoing #ACallForKindness campaign started in 2020. The company also highlighted its value offerings, including home internet services and affordable mobile plans, reinforcing its commitment to customer satisfaction. Verizon generated revenues of $136.8 billion in 2022.
Verizon has expanded its internet services, introducing the Fios 2 Gig plan in New York City, which offers some of the fastest internet speeds available. Beginning February 16, customers in Colorado, Florida, and New York will also be able to access 5G Home and Business Internet. The new Fios plan starts at $94.99/month, and customers receive incentives including a price guarantee and up to $100 in gift cards.
Verizon Foundation has pledged $100,000 for humanitarian relief following the devastating earthquakes in Türkiye and Syria. The donation is split among key organizations: $40,000 to the International Rescue Committee, $30,000 to USA for UNHCR, and $30,000 to the American Red Cross. The funds will support critical efforts like cash assistance, hygiene supplies, and health services for affected communities. Verizon's CEO, Hans Vestberg, expressed deep concern for the survivors and emphasized the company's commitment to aid recovery efforts. Verizon generated $136.8 billion in revenues in 2022, illustrating its substantial financial standing.
Verizon has announced an open enrollment period for its device protection plans, allowing existing customers to sign up for Verizon Mobile Protect from February 13 to April 13, 2023. This plan offers same-day delivery and setup for replacement smartphones and includes benefits like 24/7 digital security. As devices are essential in daily life, protecting them has become increasingly crucial for users. Verizon's offering targets a broad audience, emphasizing convenience and comprehensive coverage for both accidental damage and online threats. Interested customers can enroll through their online accounts, the MyVerizon app, or in-store visits.
Verizon has announced significant upgrades to its network in Salt Lake City, enhancing 4G and 5G Ultra Wideband services in key areas, especially during high-traffic events like basketball games. With the deployment of mmWave and recently acquired C-band spectrum, Verizon aims to support large crowds efficiently. The company has installed permanent Distributed Antenna Systems (DAS) at major venues including the Salt Palace and Vivint Arena, improving coverage. Additionally, a mobile SPOT cell site will be deployed for first responders, ensuring connectivity. Upgraded fiber optic links now allow for tenfold data capacity, enhancing customer experiences.
Verizon reported a significant 36% increase in game day data usage during the Super Bowl LVII, reaching a record 47.8TB of data consumed. Approximately 60% of the attendees utilized Verizon's network, matching last year's numbers. Peak download speeds hit 4,200Mbps, with median speeds at 2,300Mbps. Verizon invested over $100 million in network enhancements in the Phoenix area, showcasing over 490 5G nodes and improving mobile service. The investment aims to benefit both fans and the local community long-term.
Verizon has released its Green Bond Impact Report, detailing nearly $1 billion in net proceeds from its fourth green bond issued in March 2022. This report confirms the full allocation of funds towards virtual power purchase agreements (VPPAs), contributing to 850 megawatts (MW) of new renewable energy capacity. Verizon aims to achieve 50% renewable energy sourcing by 2025 and 100% by 2030, supported by $4 billion in green bonds. Since 2019, it has signed 26 VPPAs for approximately 3.3 gigawatts (GW) of expected capacity, with operational projects exceeding 800 MW.
Verizon announces the winners of its inaugural 2022 Partner Network Recognition program, honoring partners excelling in six categories. The program acknowledges collaboration, customer service, and innovative solutions. Awardees include Source Inc. for Partner Innovation, Arrow Electronics/Seneca for Social Impact, and Connected Solutions Group for Operational Excellence. Other winners are ConectUS Wireless for Customer Impact, SHI International Corp. for Marketing Excellence, and Connected Solutions Group & Ingram Micro for Business Internet Growth. These winners will receive recognition at the Verizon Channel Partners Summit.