Verizon Comms Stock Price, News & Analysis

Verizon Public Sector is collaborating with the Veterans Health Administration to enhance safety and efficiency at the Palo Alto Health Care System using 5G Mobile Edge Compute technologies and drones. The initiative aims to improve situational awareness, emergency response, and infrastructure monitoring, utilizing advanced sensors and aerial perspectives. This partnership represents a significant step in the VA’s innovation journey and may serve as a model for other federal agencies adopting next-generation technologies. Verizon generated $133.6 billion in revenue in 2021.

Verizon is waiving call, text, and data charges for postpaid consumers and small businesses in North Carolina affected by a significant power outage from December 3-7. This initiative aims to support customers relying on mobile services during this challenging time. Automatic bill credits will be issued for overage charges, and affected customers do not need to take any action. The measure reflects Verizon's commitment to customer service in crisis situations.

Verizon Business announced that its Verizon Connect Fleet Platform has achieved Canadian Electronic Logging Device (ELD) certification, enhancing compliance with Canada's new hours of service regulations. This certified ELD solution integrates with the fleet management system, aiding customers in meeting the January 1, 2023 enforcement deadline. The certification process, managed by a third-party organization, ensures compliance with Transport Canada's standards. Additionally, Verizon Connect received eight awards in 2022 for product innovation, affirming its commitment to safety and compliance.

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.