VZ Verizon Communications Inc.

Verizon and Team Penske to continue storied partnership

Verizon and Team Penske to continue storied partnership

Will Power Piloted Verizon Chevrolet to Second INDYCAR SERIES Title in 2022

NEW YORK and MOORESVILLE, N.C., Feb. 07, 2023 (GLOBE NEWSWIRE) -- Following a 2022 motorsports season that saw Will Power win his second NTT INDYCAR SERIES (NICS) title in the No. 12 Verizon 5G Chevrolet, Verizon and Team Penske today announced a multiyear extension of Verizon’s sponsorship.

Verizon will continue as the primary sponsor of Power and the No. 12 Team Penske Chevrolet for all 17 races on the NICS schedule. The Verizon colors first adorned the No. 12 Team Penske Chevrolet in 2009 during Power’s initial, part-time NICS season. The technology, communications, information and entertainment leader has remained the primary sponsor of Power throughout his 15-year career with Team Penske, with this new agreement extending the relationship into the future.

“Verizon has been a true partner of Team Penske since our first season together in 2009,” said team owner Roger Penske. “They have been an integral part of our success in INDYCAR competition. Verizon is a terrific fit for our INDYCAR team and the INDYCAR SERIES as one the world’s technological leaders. Their cutting-edge approach means a bright future for our partnership.”

Power continues to rise through the ranks of the all-time greatest drivers in the NTT INDYCAR SERIES as he enters his 15th season as part of the Team Penske lineup. After winning races at a prodigious clip early in his career, the Toowoomba, Australia native captured his first series title in 2014. In 2018, he became the first Australian to win “The Greatest Spectacle in Racing” with a spectacular drive in the No. 12 Verizon Chevrolet. However, the 2022 season was one in which he fully-cemented his place in INDYCAR SERIES lore. A consistent season was transformed into a historic one as he passed Mario Andretti for the most pole positions in series history in the season-finale weekend at Laguna Seca. A third-place finish in that race lifted Power to his second career title in a season in which he completed all 2,268 laps of competition. Throughout the partnership between Verizon and Penske, Power has raced to 41 wins and 68 pole positions, ranking fifth and second in team history, respectively.

“Very few drivers are lucky enough to have the support of one partner for as long as I’ve had the opportunity to work with Verizon,” said Power. “They have been instrumental in my career, a career that would likely have looked much different without them. I still have things I want to accomplish and I look forward to representing them and having my number 12 car with the Verizon logo in the winner’s circle.”

Verizon and Team Penske have a longstanding innovation history. From using Verizon 5G Ultra Wideband to analyze the performance of cars coming in and out of the first turn at the Indianapolis Motor Speedway in preparation for the Indy 500 and being able to analyze performance data in near real-time, to race fans being able to share, stream and tweet race moments via Verizon 5G Ultra Wideband at the Penske-owned Indianapolis Motor Speedway, innovation is at the forefront of this partnership.

“Team Penske has been a true co-innovation partner since the very beginning of our relationship. They understand the impact that Verizon 5G can have on what they are trying to achieve each season, which is a NTT INDYCAR SERIES title, and the proof is in their performance,” said Massimo Peselli, CRO of Global Enterprise and Public Sector, Verizon Business. “We’re excited to continue this legacy and be a key part of this storied race team’s future.”

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $136.8 billion in 2022. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

About Team Penske

Team Penske is one of the most successful teams in the history of professional sports. Cars owned and prepared by Team Penske have produced more than 600 major race wins, over 670 pole positions and 43 championships across open-wheel, stock car and sports car racing competition. Over the course of its 56-year history, the team has also earned 18 Indianapolis 500 victories, three Daytona 500 Championships, a Formula 1 win, victories in the 24 Hours of Daytona and the 12 Hours of Sebring, along with a win in Australia’s legendary Bathurst 1000 race. In 2023, Team Penske will compete in the NTT INDYCAR SERIES and the NASCAR Cup Series. Under a new Team Penske global partnership, Porsche Penske Motorsport will compete in the IMSA WeatherTech SportsCar Championship and the World Endurance Championship beginning next season. For more information about Team Penske, please visit .

Media contact:

Kyle Ragonese



732.236.3526

Tina Strader



678.523.5857



EN
07/02/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Verizon Communications Inc.

 PRESS RELEASE

Verizon to speak at Deutsche Bank Media, Internet & Telecom Conference...

Verizon to speak at Deutsche Bank Media, Internet & Telecom Conference on March 10 NEW YORK, March 05, 2026 (GLOBE NEWSWIRE) -- Tony Skiadas, executive vice president and chief financial officer at Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the Deutsche Bank Media, Internet & Telecom Conference on Tuesday, March 10, at 8:00 a.m. ET. The session will be webcast, with access instructions available on Verizon’s Investor Relations website, . Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their dema...

David Barden ... (+2)
  • David Barden
  • Vikash Harlalka

Broadband Spring 2026 – A fine time for FWA

In this Broadband Spring report, we share a quick update on broadband industry trends from 4Q25 heading into 2026E. Industry net adds improved meaningfully in 4Q25 from a year ago but remained slightly below last year when we adjust for the loss of ACP. Net adds for the quarter were in line with the pre-pandemic norm but trailing twelve-month net adds remain below pre-pandemic levels. We take a deep-dive here into FWA’s continued strong momentum, by carrier, and how it fits into the overall broa...

Blair Levin
  • Blair Levin

C-Band Update: What Does the El Paso Airport Shutdown and Broadcaster ...

The El Paso Airport Shutdown does not on the surface reference FCC spectrum policy. But what happened is a tale of two agencies, that both rhymes with past conflicts between the FCC and FAA and raises questions about the wireless industry’s hope for access to the Upper C-Band. In this note, we address those questions and others raised by broadcasters seeking to limit the amount of spectrum that wireless can bid on in the upcoming C-Band auction.

Verizon Communications Inc: 1 director

A director at Verizon Communications Inc sold/sold after exercising options 225,000 shares at 49.614USD and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's...

 PRESS RELEASE

Verizon to speak at Morgan Stanley Technology, Media & Telecom Confere...

Verizon to speak at Morgan Stanley Technology, Media & Telecom Conference on March 2 NEW YORK, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Dan Schulman, CEO of Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 2, at 12:20 p.m. PT / 3:20 p.m. ET. The session will be webcast, with access instructions available on Verizon’s Investor Relations website, . Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable netwo...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch