Verizon announces accepted amounts and pricing terms of its tender offers for six series of debt securities NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced the accepted amounts as of the Original Early Participation Date (as defined in the Early Results Press Release (as defined below)) and pricing terms of its previously announced six separate offers to purchase for cash, the outstanding series of debt securities (each a “Security” and collectively, the “Securities”) listed in the table below, on the terms and subject...
Verizon announces early results for tender offers for six series of debt securities and extension of early participation date NEW YORK, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (“Verizon”) (NYSE, NASDAQ: VZ) today announced, in connection with Verizon’s previously announced Offers (as defined below) to purchase its outstanding Securities (as defined below) on the terms and subject to the conditions set forth in the offer to purchase dated November 7, 2024 (the “Offer to Purchase”): (1) the early participation results for the Offers as of 5:00 p.m. (Eastern time) on No...
Verizon offers relief to customers impacted by the major Pacific Northwest storm Call/Text/Data usage incurred by customers in Washington’s hardest hit counties will be waived from Nov. 21-Nov. 27 What you need to know: Verizon is waiving domestic call/text/data usage incurred Nov. 21 - Nov. 27 for prepaid and postpaid consumer and small business customers* in King, Skagit and Snohomish counties IRVINE, Calif., Nov. 21, 2024 (GLOBE NEWSWIRE) -- In response to the powerful storm that caused power outages and damage across Washington, Verizon is waiving prepaid and postpaid call/text/da...
Verizon brings more joy and less stress to your holiday shopping experience GenAI-powered tools and customer-friendly services make holiday shopping effortless NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Verizon is taking some of the pressure off of the holidays this year. With GenAI tools and more customer-friendly services, we're making your shopping experience more personalized and easier than ever, so you can spend less time stressing and more time celebrating. Here’s how: A Verizon retail store in your pocketThe new and improved puts an entire Verizon retail store in your pocke...
Verizon Business secures new 5-year agreement with the U.S. Department of Agriculture (USDA) Award funded at $21 million in the first year WASHINGTON, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Verizon Business has been awarded a new agreement with the United States Department of Agriculture (USDA), valued at over $21 million in the first year. The agreement will enable the USDA to enhance its connectivity capabilities across the nation, supporting over 60,000 lines of service. Verizon will deliver wireless services and service enabled devices. The contract also creates the potential for mobi...
Verizon deploys first-ever interoperable multi-vendor O-RAN DAS system AUSTIN. Texas, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Verizon, a global leader in driving virtualized and Open Radio Access Network (O-RAN) technologies, has deployed Open RAN (O-RAN) based Distributed Antenna Systems (DAS) systems with multiple vendor interoperability at The University of Texas Moody Center and the Austin Convention Center. These are the first DAS systems commercially deployed in the Verizon network using O-RAN interfaces between the various components of the cellular Radio Access Network from different ve...
Verizon announces Dejero as latest “Verizon Frontline Verified” partner BASKING RIDGE, N.J., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Verizon Frontline today announced as the latest partner to earn “Verizon Frontline Verified” status. Dejero manufactures GateWay network aggregation devices that deliver high-quality live video and real-time data over IP. Dejero joins Panorama Antennas in meeting the high standards required to become “.” “This is yet another milestone for Dejero that will positively impact our emergency response communities,” said Jehan Karim, Dejero global director of busi...
Verizon statement on naming of Brendan Carr as FCC Chairman NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- The following should be attributed to Hans Vestberg, Verizon, chairman and CEO: Verizon congratulates FCC Commissioner Brendan Carr on being named the next Chairman of the Federal Communications Commission. Commissioner Carr has been a champion for policy approaches that unleash robust investment and deployment in next-generation broadband networks that benefit all Americans. During his years on the FCC, Commissioner Carr has shown that he understands how policies and regulations affe...
Last night, President-elect Trump designated Commissioner Brendan Carr to be the next Chairman of the FCC. Carr has long been seen as the favorite for the spot. In this note we review what we wrote a year ago what Carr intended to do if appointed Chair and what has changed in the last year, including the increased influence of Elon Musk and Robert Kennedy Jr. (RFK) on Trump Administration policies that might cause internal tensions within Trump circles as well as Trump’s desire to use the FCC to...
Verizon to speak at Morgan Stanley European TMT Conference November 21 NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Tony Skiadas, executive vice president and chief financial officer for Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the Morgan Stanley European Technology, Media and Telecom Conference on Thursday, November 21, at 2:05 a.m. ET. His remarks 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 thei...
Verizon Connect report highlights fleet tech adoption, ROI gains, and safety improvements What you need to know: For five consecutive years, at least four out of five respondents have reported using at least one form of fleet technology.Fleet technology is making significant strides in reducing costs, enhancing operational efficiency, and improving safety.Fleet management software is evolving to meet emerging challenges, including sustainability and electrification. NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Verizon Connect today released its fifth annual , conducted in partnership...
Verizon partners with Knightscope to power connectivity for advanced public safety tech Knightscope’s K5 GOV Autonomous Security Robot has received FedRAMP Approval to serve the U.S. Department of Veterans Affairs SAN ANTONIO, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Verizon Business today announced a partnership with Knightscope, a leading developer of autonomous security robots (ASRs), to provide secure, reliable connectivity for the deployment of Knightscope’s K5 security robots and K1 emergency communication devices to help elevate safety at commercial and government facilities. This coll...
Shareholders representing 63% of the shares voted in favor of the transaction this morning. We congratulate the Frontier and Verizon management teams for getting the deal done. While we think Frontier should have received more, we recognize that most large shareholders will lock in a very substantial gain while removing uncertainty with this transaction. This is a strong win for Verizon, who will secure a great asset at a great price.
Verizon Frontline delivers connectivity during North Carolina nuclear incident training exercise What you need to know: The Verizon Frontline Crisis Response Team supported first responders participating in the exerciseAdvanced communication technologies helped ensure seamless coordination across jurisdictions and organizationsVerizon provided multiple mission-critical communications solutions SOUTHPORT, N.C., Nov. 12, 2024 (GLOBE NEWSWIRE) -- The Verizon Frontline Crisis Response Team recently completed a deployment in support of first responders participating in a Nuclear Hostile Acti...
Verizon and Barbie® team up to turn the DreamHouse into the StreamHouse Powered by Verizon Home Internet – and you’re invited! Partnership between Verizon and Barbie® includes a real-life Verizon Barbie StreamHouse experience in NYC, special content, merch, giveaways and more NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- This holiday season, Verizon and Barbie®, today announced a first-ever collaboration showcasing Barbie as the star of Verizon’s holiday campaign, including content and experiences for fans of all ages. With Barbie “Malibu” Roberts, Barbie “Brooklyn” Roberts, Ken and al...
When examining the very significant premium that Ziply is receiving from BCE over what Frontier has been offered by Verizon, investors have asked two further questions: first, why was BCE willing to pay a higher price for Ziply than they were willing to pay for Frontier (they bid on both assets); second, how do we know they aren’t just overpaying for Ziply. We cover both questions in this brief note.
Verizon, ForgiveCo launch $3M Veteran Debt Relief Program to alleviate hardships for veterans this holiday season Initiative provides financial relief for veterans across Michigan, Missouri, and Wisconsin CHICAGO, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Verizon and ForgiveCo are proud to announce a transformative partnership to eliminate $3 million in consumer debt for veterans across Michigan, Missouri, and Wisconsin. For veterans in greater Detroit, St. Louis, and Milwaukee, Verizon and ForgiveCo will clear $1 million in debt in each metropolitan market, providing financial relief to Vetera...
U.S. Department of Defense awards Verizon Business with contract extension The award brings the total Global Network Solutions contract value to over $98 million WASHINGTON, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Verizon today announced a 24-month task order extension for its Global Network Solutions (GNS) contract with the Department of Defense (DoD). With this extension, the total revenue for the GNS contract, originally awarded in 2016, will now amount to over $98 million. The purpose of the extension is to create a point-to-point connection within Southwest Asia that provides critic...
Investors are inevitably comparing the price that Verizon has offered for Frontier to the price that BCE has offered for Ziply. We have been asked whether buyers would give the operators credit for locations they haven’t deployed fiber to yet. If so, the price for Ziply isn’t so compelling, given their plans to more than double their fiber footprint. The answer: absolutely not! We walk through our thought process in this brief note.
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