Industry/Company Involved * **Company**: Verizon Communications Inc. (NYSE: VZ) * **Industry**: Telecommunications Core Points and Arguments 1. **Acquisition of Frontier**: Verizon announced the acquisition of Frontier to expand its fiber footprint and enhance its broadband offerings. This deal is expected to be accretive to EBITDA and revenue growth rates from the first time it closes. 2. **Fiber and Fixed Wireless Access (FWA)**: Verizon plans to expand its fiber footprint to 30 million homes by 2026 and provide FWA to 60 million homes. This will create a competitive broadband footprint and enable the company to offer high-quality broadband to a large portion of America. 3. **Customer Churn Reduction**: The integration of wireless and fiber networks is expected to reduce churn rates by 50% for mobility and 40% for fiber. This will increase the lifetime value of customers and drive revenue growth. 4. **Cost Savings**: The integration with Frontier is expected to generate $500 million in cost savings, with half of it coming from the network and half from go-to-market and G&A. 5. **Business Segment**: Frontier's business segment, which includes wholesale and SMB, will be a valuable addition to Verizon's portfolio. The company plans to leverage its converged offerings and strong NPS to grow this segment. 6. **Intelligent Edge Network (IEN)**: Verizon has completed the buildout of its IEN, which will enable the company to add more profitable connections and improve service performance. 7. **Capital Allocation**: The acquisition of Frontier aligns with Verizon's capital allocation strategy, which focuses on funding initiatives that drive shareholder value, paying down debt, and considering buybacks. 8. **Gen AI**: Verizon sees Gen AI as both a revenue opportunity and a way to reduce costs. The company is focusing on applying AI internally, using AI in its products and applications, and exploring new products and opportunities in the enterprise and consumer spaces. 9. **Consumer Group**: The consumer group is on track to deliver sustainable annual service revenue growth and EBITDA growth. This is driven by factors such as improved customer acquisition and retention, a strong product mix, and financial discipline. Other Important Points * **Ultra-Wideband Deployment**: Verizon is building out its ultra-wideband network, which will further expand its FWA footprint. * **5G Adoption**: Verizon is seeing strong momentum in 5G adoption, with 80% of its customers having devices that can take advantage of its network. * **B2B and IoT**: Verizon is focused on building out capabilities that allow for new use cases and applications in the B2B and IoT spaces. * **Prepaid Business**: Verizon's prepaid business is experiencing a turnaround, with 4 net add positive in the second quarter when excluding the SafeLink piece.

NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- The Board of Directors at Verizon Communications Inc. (NYSE, Nasdaq: VZ) today declared a quarterly dividend of 67.75 cents per outstanding share, an increase of 1.25 cents per share from the previous quarter. The quarterly dividend is payable on November 1, 2024, to Verizon shareholders of record at the close of business on October 10, 2024. This is the 18th consecutive year Verizon’s Board has approved a quarterly dividend increase. “Our strong focus on three k ...

It's allegedly in advanced talks to acquire a sizable peer.Is Verizon Communications (VZ -3.60%) about to open its wallet for a massive new acquisition?That was the scuttlebutt on the stock market Wednesday, and on potential news that the incumbent telecom might spend a pretty penny for a deal, investors traded out of its shares. In late-session trading Verizon's price was down by nearly 4%, a more dramatic slide than the 0.4% sag of the S&P 500 index at the point.A potential deal that could easily top $10 ...

NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Hans Vestberg, Chairman and CEO of Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on Monday, September 9, at 11:50 a.m. ET. His remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, www.verizon.com/about/investors. Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand ...

Verizon Communications Inc. (NYSE:VZ) Bank of America's 2024 Media, Communications and Entertainment Conference September 4, 2024 8:00 AM ET Company Participants Sowmyanarayan Sampath - President & CEO Conference Call Participants David Barden - Bank of America David Barden All right. Good morning, everybody. Thanks for joining us. I'm Dave Barden. I head up US and Canada Telecom and Comm Infrastructure Research, and we're getting started a couple minutes late, but I'm really happy to be able to kick off ou ...

Verizon Communications Inc. (NYSE:VZ) Bank of America's 2024 Media, Communications and Entertainment Conference September 4, 2024 8:00 AM ET Company Participants Sowmyanarayan Sampath - President & CEO Conference Call Participants David Barden - Bank of America David Barden All right. Good morning, everybody. Thanks for joining us. I'm Dave Barden. I head up US and Canada Telecom and Comm Infrastructure Research, and we're getting started a couple minutes late, but I'm really happy to be able to kick off ou ...

It's very possible that any day now, the company will declare a dividend raise.On a down Tuesday for U.S. equities, incumbent telecom stock Verizon (VZ 2.75%) managed to land well in positive territory. On speculation that the company is about to raise its already considerable dividend, investors snapped up its shares. This pushed its stock price nearly 3% higher, on a day when the S&P 500 index was in the red with a more than 2% decline.Dividend raise on the way, say analystsThat morning, an analyst team a ...

NEW YORK, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Sowmyanarayan Sampath, Executive Vice President for Verizon (NYSE, Nasdaq: VZ), and CEO for Verizon Consumer, is scheduled to speak at the BofA Securities 2024 Media, Communications & Entertainment Conference on Wednesday, September 4, at 8:00 a.m. ET. His remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, www.verizon.com/about/investors. Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed in 2000 and is one ...

Verizon Communications Inc. (VZ) recently announced that it had partnered with Skylo Technologies to enhance connectivity for the former’s customers by introducing a new satellite-based direct-to-device messaging service. This deal marks a strategic win for the U.S. telecommunication giant, showcasing its commitment to technological advancement in the nation.VZ’s Focus on Emergency ServicesVerizon has been at the forefront of integrating satellite technology with its services for rapid cell tower deployment ...

SAN FRANCISCO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Verizon, the nation’s largest wireless network provider, and Skylo, a pioneer in Non-Terrestrial Network (NTN) communications, have teamed up to launch a commercial direct-to-device messaging service for Verizon customers so they can stay connected wherever they are. Starting this fall, customers on certain smartphones have access to emergency messaging and location sharing even when a terrestrial cellular network is not available. Coming next year, Verizon w ...