Verizon Comms Stock Price, News & Analysis

Verizon announced an expansion of its network virtualization efforts by launching the first Ericsson virtualized cell site, supported by Intel and RedHat. This initiative enhances flexibility, scalability, and cost efficiency across Verizon's network.

Currently, Verizon has virtualized 8,000 cell sites with plans to reach 20,000. The transition to a cloud-native architecture will help meet diverse customer needs, improve service delivery speed, and support emerging technologies like IoT and augmented reality.

Verizon Home Internet is expanding its Fios footprint in Massachusetts, bringing high-speed fiber internet to over 70,000 additional homes and businesses in communities like Worcester, Brockton, and Lowell. This expansion is part of Verizon's ongoing commitment, with a past investment of $750 million in the state. The all-fiber network promises speeds up to 940 Mbps downstream and 880 Mbps upstream, with plans starting at $25 per month. Eligible households may receive free internet through the Affordable Connectivity Program.

Verizon 5G Ultra Wideband Expansion

As of December 5, 2022, Verizon's 5G Ultra Wideband service reaches over 175 million people, ahead of schedule. The rollout of C-Band technology is 13 months ahead of its original timeline, with nationwide availability expected in Q1 2023. This advancement provides download speeds up to 1 Gbps and improves access in both urban and rural areas. Verizon plans further expansion, activating up to 200 MHz of C-Band spectrum to enhance speed and capacity, complementing mmWave technology for densely populated regions.

Verizon Communications (VZ) announced the resignation of Manon Brouillette, CEO of Verizon Consumer Group, effective December 5, 2022. Brouillette had led the group since January 2022, which was established to enhance customer-focused services. Verizon's chairman and CEO, Hans Vestberg, will now oversee the Consumer Group, emphasizing the need for alignment between network products and operational performance. In 2021, Verizon reported revenues of $133.6 billion, reflecting its position as a leading provider of technology and communication services globally.

Verizon is participating in the Los Angeles Comic Con from December 2-4, 2022, offering attendees opportunities to earn in-game items for League of Legends. Visitors to the Verizon booth can collect a download code for a Masterwork Chest, enhancing their in-game experience. In addition, Verizon is promoting enticing holiday deals, including trade-in offers of up to $1,000 for 5G phone purchases and bundled gaming accessories such as the Ultimate Mobile Gaming Bundle.

Sowmyanarayan Sampath, executive VP for Verizon and CEO of Verizon Business, will speak at the virtual Arete Tech Conference 2022 on December 5 at 9:20 a.m. ET. A replay will be accessible post-event on Verizon’s Investor Relations website. Verizon, a leading technology and communications provider, generated revenues of $133.6 billion in 2021. Headquartered in New York City, the company offers data, video, and voice services on reliable networks, focusing on customer demands for mobility and security.

On December 5, 2022, Hans Vestberg, CEO of Verizon (VZ), will address attendees at the UBS Global TMT Conference at 8:20 a.m. ET. His presentation will be available via webcast on Verizon’s Investor Relations website.

Verizon, a leading provider of technology and communications services, reported revenues of $133.6 billion in 2021 and is headquartered in New York City. The company specializes in data, video, and voice services, meeting demand for reliable connectivity and security.

Verizon Communications has announced a quarterly dividend of 65.25 cents per share, maintaining its previous payout level. This dividend is payable on February 1, 2023, for shareholders on record by January 10, 2023. The company, with about 4.2 billion shares outstanding, has returned approximately $8.1 billion in cash dividends over the last three quarters. Verizon's revenue was reported at $133.6 billion in 2021, emphasizing its strong position in the technology and communications sector.

Verizon has announced the launch of a reCharge Gaming Lounge at MetLife Stadium for select football games in December. The lounge will offer fans a unique pre-game experience, featuring charging stations, gaming activities, and appearances by former NFL players, including Madden NFL 23 gameplay. Additionally, attendees can learn about the Verizon Visa Card, which provides rewards on purchases, including 4% on groceries and 3% on dining. The lounge will operate from 11:00 AM to 3:00 PM during three home games on December 4, 11, and 18.