VZ Verizon Communications Inc.

Verizon earns highest federal performance rating for 10th year in a row

Verizon earns highest federal performance rating for 10th year in a row

Consecutive “exceptional” WITS 3 rating punctuates decade of federal contract growth

WASHINGTON, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Verizon Business Network Services (VBNS) has been rated “exceptional” — the highest possible classification — for its performance across the Washington Interagency Telecommunications System (WITS) 3. Federal agencies use the grading system, known as the Contractor Performance Assessment Reporting System to evaluate government contractors’ history of performance.

Verizon earned the latest rating for the period from June 1, 2022 through May 31, 2023, securing the highest “exceptional” grade overall and also in every single category and sub-category. This marks the tenth year in a row Verizon has received the highest rating.

“We are grateful for the trust the federal government places in our outstanding team of managed and professional services experts,” said Maggie Hallbach, Senior Vice President of Public Sector at Verizon. “It also demonstrates that we’re not simply content with preserving compliance. We are always committed to delivering the highest-quality work and nurturing long-term relationships.”

Verizon has consistently performed on its federal government contracts over these last ten years. Its consistently stellar work, underscored by its WITS 3 rating, has built on those relationships, parlaying project-based contracts into long-term engagements.

Other Public Sector Wins

Earlier this year, Verizon announced a 10-year contract worth $147,500,000 with the United States Postal Service (USPS) that effectively positions VBNS as the USPS’ key strategic contact center and customer experience partner. Verizon also announced a 9-year expansion of its partnership with the Department of Veterans Affairs, valued at $448.3 M, through which the network provider will supply mobile devices and mission-critical communications systems.

For more information about Verizon and its digital modernization work across diverse federal agencies, visit .

Media Contact:

Geoffrey Basye

202-748-1882



EN
20/11/2023

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

Denver Broncos and Verizon Business enhance stadium operations and fan...

Denver Broncos and Verizon Business enhance stadium operations and fan experiences Verizon Business upgrades Empower Field at Mile High to Wi-Fi 6E-ready network NEW YORK, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Fans at Empower Field at Mile High, home of the Denver Broncos, can now enjoy a significantly upgraded game-day experience thanks to the new Wi-Fi 6E and Local Area Network (LAN) installation led by Verizon Business. The network refresh includes more than 2,400 wireless access points to deliver connectivity that will help advance the stadium’s operations and improve the overall fan ex...

 PRESS RELEASE

Verizon declares quarterly dividend on December 4

Verizon declares quarterly dividend on December 4 NEW YORK, Dec. 04, 2025 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 69 cents per outstanding share, consistent with the prior quarter's dividend rate. The quarterly dividend is payable on February 2, 2026 to Verizon shareholders of record at the close of business on January 12, 2026. “Verizon is transforming to be a leaner, faster and bolder team focused on delighting customers to regain market leadership,” said Dan Schulman, CEO of Verizon. “We are co...

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

The future of broadband 3Q25: Our updated broadband industry forecast ...

In this report, our latest broadband outlook tome, in addition to forecasting the future of broadband by technology for the next 5 years, we undertake a sensitivity analysis for Cable's end-state market share possibilities. We also refresh our work on the relative competitive positioning of carriers based on end-user cNPS scores via our Recon Analytics partnership.

Verizon Communications Inc. - September 2025 (LTM): Peer Snapshot

Compares key performance metrics against industry peers.

Blair Levin
  • Blair Levin

Can VZ Reduce Churn and Improve Performance with a Delete, Delete, Del...

A big issue affecting all mobile carriers is churn. One way to reduce churn is by creating friction for customers seeking to change carriers in transferring their phone to a different carrier. VZ, due to a 2007 commitment, is at a disadvantage relative to T and TMUS. VZ is seeking to change that rule, arguing that the rule not only creates an unfair playing field but also increases its costs and creates opportunities for fraud. In this note, we describe the current state of play for whether VZ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch