reports
- Jonathan Chaplin
US Cellular Sells 850MHz Licenses to Verizon
US Cellular has sold its cellular licenses in the 850MHz band, as well as a handful of AWS and PCS licenses, to Verizon for $1 billion. The transaction isn’t a surprise; we have been expecting USM to sell all their assets (USM and TDS have been our favorite small ideas). The price was higher than expected. In this note we briefly cover implications for USM, TDS, EchoStar, and spectrum values more broadly.
Verizon to report 3Q earnings on October 22, 2024
Verizon to report 3Q earnings on October 22, 2024 Company to discuss third-quarter 2024 earnings and share broadband strategy update during live sell side analyst event NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report third-quarter 2024 earnings on Tuesday, October 22. Third-quarter 2024 materials will be available at 7:00 a.m. ET on Verizon’s Investor Relations website, /about/investors. These materials include: Detailed information on Verizon's third-quarter results, including a recording and transcript of management’s commen...
Verizon Business returns to HLTH 2024 to showcase how 5G innovation dr...
Verizon Business returns to HLTH 2024 to showcase how 5G innovation drives the future of healthcare NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Verizon Business returns to the HLTH Event (booth #3028) in Las Vegas to showcase its latest advancements in 5G healthcare solutions. From enhanced connectivity and security to partnership showcases, Verizon Business is at the forefront of empowering healthcare providers with the technology they need to transform patient care. Visit Verizon Business at Booth #3028:Experience Verizon Business's healthcare solutions firsthand at booth #3028 in the ...
- Jonathan Chaplin
Verizon to grant $73K to DC-area Latino-serving orgs, host panel, take...
Verizon to grant $73K to DC-area Latino-serving orgs, host panel, take headshots at networking event ROCKVILLE, Md., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Celebrating $73,300 in new Verizon donations to local Latino-serving organizations that boost workforce development, digital inclusion and small businesses, the company will host its second Washington, D.C.-area “Connected By Culture” event Oct. 17 at the Verizon store at 1701 Rockville Pike in Rockville, Md. With a theme of “Innovadores del Futuro – Empowering Rising Latino Community Tech Leaders,” the Oct. 17 event will connect commu...
- Jonathan Chaplin
FYBR Quick Hit: Top Shareholders Planning to Vote Against the Deal
This morning, Copper Investors, a top shareholder of Frontier, issued a letter to the Frontier board suggesting that the offer price of $38.50 was too low, and that they intend to vote against the deal as well. Cooper has made the case that Frontier’s standalone value is 24-62% above the offer price and that a fair transaction value would be up to 94% higher than the current offer.
Verizon Business State of Small Business Survey finds a surge in SMBs ...
Verizon Business State of Small Business Survey finds a surge in SMBs using AI What you need to know: AI usage has more than doubled compared to 2023, with almost 2 in 5 reporting their business currently uses AISMBs are increasingly investing in tech, with decision-makers noting it helps address challenges, save costs and boost revenueMore SMBs are tapping social media platforms, with 84% of respondents using Facebook for promotion and customer engagementFrom October 14-20, Verizon Business is offering small businesses a free “tech check” to assess their current solutions and help identif...
- Blair Levin
NSR Policy: Election Impact: Summary of Notes Plus Upcoming Calls
It is likely that in the next month (and perhaps beyond) the single most important event affecting capital markets will be the election. Over the last month, we have provided six notes on the potential impact of the election, separately focusing on policies affecting telecom, spectrum, media, tech, and leadership, as well as a note on what we think is the most underappreciated potential impact; how a Trump Presidency could result in a dramatic shift in telecom and spectrum policy due to the infl...
Verizon Foundation Donates $2 Million towards Hurricane Helene and Hur...
Verizon Foundation Donates $2 Million towards Hurricane Helene and Hurricane Milton Relief Efforts Funding supports the American Red Cross and local recovery organizations in Florida, Georgia, and North Carolina NEW YORK, Oct. 13, 2024 (GLOBE NEWSWIRE) -- The Verizon Foundation is stepping up to support communities devastated by Hurricane Helene and Hurricane Milton with a total of $2 million in donations to aid relief and recovery efforts. The contributions will provide essential support and rebuilding efforts to those who have been devastated by the storms. The donations include $1 m...
Verizon donates $50,000 to Los Angeles Mission
Verizon donates $50,000 to Los Angeles Mission Funding supports the unhoused population of Los Angeles County IRVINE, Calif., Oct. 10, 2024 (GLOBE NEWSWIRE) -- In honor of World Mental Health Day, Verizon is proud to announce a $50,000 donation to . This funding will enable the organization to expand its services and provide critical relief supplies to the unhoused community during severe weather events, such as the intense heat waves of summer and the frigid cold snaps of winter. This marks the second consecutive year that Verizon has supported Los Angeles Mission’s vital work...
Verizon está listo y ofrece consejos a medida que el huracán Milton se...
Verizon está listo y ofrece consejos a medida que el huracán Milton se acerca a Florida La preparación durante todo el año, la infraestructura de red y los activos móviles son la base del plan de respuesta de Verizon ante el huracán Milton ALPHARETTA, Ga., Oct. 09, 2024 (GLOBE NEWSWIRE) -- A medida que el huracán Milton se acerca a la costa de Florida, Verizon sigue comprometido a mantener conectados a la comunidad y al personal de primeros auxilios. Además de una red reforzada diseñada para soportar las condiciones más extremas, los ingenieros de Verizon tomaron firmes medidas de prepa...
En preparación para la llegada del huracán Milton, Verizon ofrece ayud...
En preparación para la llegada del huracán Milton, Verizon ofrece ayuda a clientes afectados El costo por el uso de llamadas, mensajes de texto y datos incurrido por clientes en los condados más afectados de Florida no se aplicará del 9 al 23 de octubre. Lo que necesitas saber: Verizon eliminará el costo por eluso de llamadas, mensajes de texto y datos nacionales para los consumidores de pospago y los clientes de Verizon Small Business afectados por la tormenta en partes más afectadas de Florida del 9 al de octubre 23 de 2024. ALPHARETTA, Ga., Oct. 09, 2024 (GLOBE NEWSWIRE) -- En resp...
In Preparation for Hurricane Milton Landfall, Verizon Offers Relief to...
In Preparation for Hurricane Milton Landfall, Verizon Offers Relief to Impacted Customers Call/Text/Data usage incurred by customers in Florida’s hardest hit counties will be waived from Oct. 9th-Oct. 23rd What you need to know: Verizon to waive domestic call, text, and data usage for postpaid consumer and Verizon Small Business customers most impacted by the storm in parts of Florida from Oct.9th-Oct. 23rd, 2024. ALPHARETTA, Ga., Oct. 08, 2024 (GLOBE NEWSWIRE) -- In response to Hurricane Milton’s forecasted impact on Florida, Verizon is providing an initial relief offer to help affec...
Verizon announces new round of grant funding for small businesses
Verizon announces new round of grant funding for small businesses Through Verizon Small Business Digital Ready, small businesses can access free courses in English and Spanish, coaching with small business experts, and an opportunity to apply for a $10,000 grant.The platform has also partnered with Next Street to share a “Small Business Funding Marketplace,” where business owners can search for loan and grant opportunities based on their business needs.The program has reached over 350,000 businesses across the country, of which 51% are women-owned and 62% are Black or Hispanic-owned. BASKI...
Verizon anuncia nueva ronda de apoyos para pequeñas empresas
Verizon anuncia nueva ronda de apoyos para pequeñas empresas A través de Verizon Small Business Digital Ready, las pequeñas empresas pueden acceder a cursos gratuitos en inglés y español, capacitación con expertos en pequeñas empresas y la oportunidad de solicitar un apoyo de $10,000.La plataforma también se ha asociado con Next Street para compartir un “Mercado de financiación para pequeñas empresas”, donde los propietarios de empresas pueden buscar oportunidades de préstamos y subvenciones según sus necesidades comerciales.El programa ha llegado a más de 350,000 empresas en todo el país, ...
- Jonathan Chaplin
Frontier / Verizon Deal - The case for a higher price
This report pulls together our work that makes the case for a higher price. We establish: 1) Frontier’s standalone value of at least $60; 2) synergy value of at least $11; 3) a value based on comparable transactions of at least $49; 4) Verizon’s ability to comfortably pay at least $67, and still create value for its shareholders; 5) a record of past telecom deals where investors have demanded more and received it, even without competing bids.
- Blair Levin
NSR Policy: Implications of Multiple Mergers at the FCC
It appears likely that within a few months, multiple transactions—TMUS buying US Cellular, VZ buying Frontier, and DISH and DirecTV merging—will be pending at the FCC. The transactions involve all four, or three (depending on how you think about it) of the national facilities based mobile carriers. Investors have asked, how will the presence of multiple transactions affect the process of approval for each other? We address that question in this note.
Verizon is Ready, Offers Tips as Hurricane Milton Approaches Florida
Verizon is Ready, Offers Tips as Hurricane Milton Approaches Florida Year-round preparedness, network infrastructure and mobile assets are the foundation of Verizon’s response plan for Hurricane Milton ALPHARETTA, Ga., Oct. 07, 2024 (GLOBE NEWSWIRE) -- As Hurricane Milton approaches the Florida coast, Verizon remains committed to keeping communities and first responders connected. In addition to a hardened network designed to withstand the most extreme conditions, Verizon's engineers undertook steadfast preparation measures to ensure resources are in place for rapid response. “At Veriz...
Verizon to expand high-speed Fios internet in Rhode Island
Verizon to expand high-speed Fios internet in Rhode Island Fios to reach more homes in the state, including Jamestown and Westerly NEW YORK, Oct. 07, 2024 (GLOBE NEWSWIRE) -- In partnership with the Rhode Island Commerce Corporation, Verizon plans to expand its all-fiber, high-speed broadband, reliable service to over three thousand underserved addresses in Jamestown and Westerly. “Verizon is focused on delivering high-speed internet service and the major economic benefits that it can provide, especially in underserved areas,” said Paul Sullivan, Vice President New England Wireline Net...
Verizon to report earnings on October 22, 2024
Verizon to report earnings on October 22, 2024 Company to discuss third-quarter 2024 earnings and share broadband strategy update during live sell side analyst event NEW YORK, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, Nasdaq: VZ) will report third-quarter 2024 earnings on Tuesday, October 22. Third-quarter 2024 materials will be available at 7:00 a.m. ET on Verizon’s Investor Relations website, /about/investors. These materials include: Detailed information on Verizon's third-quarter results, including a recording and transcript of management’s commentary;Ve...
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