VZ Verizon Communications Inc.

Verizon drives appx. $700 million in cost savings for Dept. of Health and Human Services over the life of the EIS contract

Verizon drives appx. $700 million in cost savings for Dept. of Health and Human Services over the life of the EIS contract

Recent EIS task order enables HHS to consolidate network technology modernization efforts into a single award to accelerate technology implementation and save money

WASHINGTON, March 30, 2023 (GLOBE NEWSWIRE) -- Verizon Public Sector’s $2.5 billion Enterprise Infrastructure Solutions (EIS) task order to modernize data and voice technology across the U.S. Department of Health and Human Services is already paying substantial dividends for the federal agency charged with enhancing the health and well-being of all Americans.

“HHS has set the bar for agency success as one of the first agencies to issue a task order through the EIS contract vehicle, while also making the fastest transition to the program. Now, its continued efficiency with EIS is a testament to its contracting capabilities,” GSA stated.

The 12-year contract with Verizon, awarded in August 2020, covers all 10 of the agency's operating components, and its Office of the Secretary. The EIS contract vehicle combined separate awards into a single, streamlined contract. The result is a solution that will save HHS an estimated $700 million over the life of the task order, resulting from scale and interactions between data and voice, HHS officials said.

“Large federal agencies faced unprecedented challenges as they transitioned their communications infrastructure contracts to the new EIS vehicle by the September 2022 deadline, especially when they had multiple, separate awards and/or contracts,” said Maggie Hallbach, Senior Vice President, Public Sector at Verizon. “Our Verizon Public Sector team has had an extraordinary opportunity to work with HHS to architect a single, streamlined EIS contract vehicle that is accelerating their transition to advanced networking technologies and unlocking new capabilities and opportunities.”

The combining of both voice and data technologies into a single EIS task order, awarded to Verizon by HHS, has also been credited by leaders in the federal government as a model for success that can be emulated by other federal entities participating in the EIS program.

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 $133.6 billion in 2021. 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.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at . News releases are also available through an RSS feed. To subscribe, visit .

Media contact:

Geoffrey Basye



(202) 748-1882



EN
30/03/2023

Underlying

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

Reports on Verizon Communications Inc.

Jan Frederik Slijkerman
  • Jan Frederik Slijkerman

TMT 4Q25 results: Verizon, T-Mobile US and AT&T/Telecom operators perf...

With the exception of Verizon, T-Mobile US and AT&T reported good EBITDA growth over 4Q25. Nevertheless, the credit profile of all three companies continues to look solid. Furthermore, we believe T-Mobile US might benefit from a credit rating upgrade at S&P. The Euro notes of Verizon and T-Mobile US look slightly more attractive than the notes of AT&T, in our view, as their credit profiles look better, while spreads are similar.

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

Compares key performance metrics against industry peers

 PRESS RELEASE

Verizon to report earnings April 27, 2026

Verizon to report earnings April 27, 2026 NEW YORK, March 30, 2026 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report first-quarter 2026 earnings on Monday, April 27, 2026. The company will present results on a webcast beginning at 8:30 a.m. ET. Access instructions and first-quarter 2026 materials, including Verizon’s press release and financial tables, will be available at 7:00 a.m. ET 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 ...

David Barden
  • David Barden

Takeaways from our 2026 Global Connectivity Leaders Conference

We wrapped up the US version of our 2026 Global Connectivity Leaders Conference in partnership with BCG. Our London conference wrapped up on Tuesday. We will be hosting a joint takeaways call next week, Tuesday, 3/31. Here are our key quick takeaways from the US conference.

 PRESS RELEASE

*MEDIA ALERT* All the ways Verizon customers can win free tickets to t...

*MEDIA ALERT* All the ways Verizon customers can win free tickets to the FIFA World Cup 2026™ this spring Verizon is giving mobile, home and business customers multiple chances to experience FIFA World Cup 2026™ Here’s everything you need to know NEW YORK, March 23, 2026 (GLOBE NEWSWIRE) -- As part of Verizon Ultimate Access to FIFA World Cup 2026™, Verizon is announcing multiple new ways for customers to win free tickets to the FIFA World Cup 2026™, bringing fans closer than ever to the action: How to enter Final Game Flyaway Sweepstakes The prize: Customers can win an all-in...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch