Company Overview - Verizon Communications Inc. generated revenues of $134.0 billion in 2023, serving millions of customers globally and nearly all of the Fortune 500 [2]. Upcoming Events - Joe Russo, executive vice president and president of Global Networks and Technology at Verizon, is scheduled to speak at the Barclays Communications and Content Symposium on February 25, 2025, at 9:15 a.m. ET, with his remarks available via webcast [1].

NEW YORK, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Verizon Innovative Learning, an award-winning education initiative, has reached over 8.5 million students, bringing Verizon closer to its goal of empowering 10 million by 2030. Through partnerships with leading academic institutions and educational providers, Verizon Innovative Learning empowers teachers and students with new ways of learning through technology-integrated curriculum, emerging technologies, and extensive support for educators. Only half (55%) of st ...

Group 1 - Verizon Communications Inc. announced the redemption of Floating Rate Notes due 2025 with a principal amount of $487,396,000 on March 18, 2025 [1] - The redemption price will be 100% of the principal amount plus accrued and unpaid interest up to the Redemption Date [1] Group 2 - Questions regarding the notice of redemption can be directed to U.S. Bank Trust Company, National Association [2] - Media inquiries can be directed to Katie Magnotta at Verizon [2]

Financial Performance - The Enterprise and Public Sector revenues for 2024 were $14.2 billion, accounting for approximately 48% of the Business segment's total revenues[30]. - Business Markets and Other revenues reached $13.1 billion in 2024, representing about 44% of the Business segment's total revenues[33]. - Wholesale revenues were $2.2 billion in 2024, making up approximately 8% of the Business segment's total revenues[35]. - Net cash provided by operating activities was $36.9 billion in 2024, a decrease of $563 million compared to 2023[270]. - Free cash flow for 2024 was $19.8 billion, an increase from $18.7 billion in 2023, attributed to a decrease in capital expenditures[307]. - The anticipated cash requirements for the 2025 capital program are between $17.5 billion and $18.5 billion, focusing on advanced networks and broadband expansion[267]. - The company paid $11.2 billion in dividends during 2024, marking the eighteenth consecutive year of dividend increases[287]. - Total debt decreased to $144.0 billion at December 31, 2024, from $150.7 billion at December 31, 2023, with an effective interest rate of 5.1%[282]. - Long-term debt commitments total $142.2 billion, with $21.7 billion expected to be due within the next twelve months[268]. - Capital expenditures for 2024 were $17.1 billion, down from $18.8 billion in 2023, primarily due to the completion of the C-Band deployment program[275]. Market Position and Competition - As of December 31, 2024, the company had 95 million postpaid connections and 20 million prepaid connections, representing approximately 83% and 17% of its Consumer wireless retail connections, respectively[22]. - The company faces intense competition from major players like AT&T and T-Mobile, as well as regional providers and resellers, impacting market share and pricing strategies[55]. - Verizon's competitive landscape includes increasing pressure from low Earth orbit satellite companies and alternative internet access providers[56]. Network and Technology Development - The company operates a national network covering over 146 million wireless retail connections as of December 31, 2024[47]. - The company provides FWA broadband through its 5G and 4G LTE networks, with nearly 4.6 million FWA broadband connections as of December 31, 2024[23]. - The company is evolving its networks to improve reliability, speed, capacity, coverage, and security, with a focus on 5G technology[45]. - The company anticipates continued demand for spectrum driven by growth in customer connections and increased usage of wireless broadband services[49]. - The company continues to pursue opportunities to trade spectrum licenses to meet capacity and expansion needs in the future[50]. Regulatory Environment - Verizon's broadband services are subject to various state and federal regulations, with recent court rulings limiting the risk of burdensome FCC broadband regulation[67]. - Verizon's regulatory environment includes compliance with privacy and data protection laws, which are becoming increasingly stringent globally[71]. - The company holds FCC spectrum licenses that allow it to provide a wide range of mobile and fixed communications services, with licenses typically having a term of 10 years[65]. Workforce and Diversity - Verizon's workforce consists of approximately 99,600 employees, with 88% based in the U.S., and 36.2% of U.S. senior leadership being women[74]. - Verizon's commitment to diversity is reflected in its workforce demographics, with 52.5% White, 18.4% Black, and 14.0% Hispanic employees in the U.S.[75]. Strategic Acquisitions - The company entered into an agreement to acquire Frontier Communications Parent, Inc., which is expected to enhance its fiber broadband footprint and provide opportunities for future Fios growth[47]. - Verizon completed the acquisition of TracFone for approximately $3.5 billion in cash, $3.0 billion in common stock, and up to $650 million in future contingent consideration[351]. - Verizon entered into a merger agreement to acquire Frontier Communications for $38.50 per share in cash, subject to regulatory approvals[353]. - Frontier shareholders approved the merger transaction in November 2024[353]. - If the merger agreement is terminated, Frontier may owe Verizon a termination fee of $320 million under certain circumstances[353]. - Verizon may be required to pay Frontier a termination fee of $590 million under specified conditions if the merger agreement is terminated[353]. - The contingent consideration for TracFone is based on achieving certain revenue and operational targets over a two-year earn-out period[351]. - The estimated fair value of the contingent consideration for TracFone was approximately $560 million at the acquisition date[351]. - The merger with Frontier will result in Frontier becoming a wholly owned subsidiary of Verizon[353]. Financial Health and Cash Management - As of December 31, 2024, the company's cash and cash equivalents balance is $4.2 billion[265]. - Cash and cash equivalents increased by $2.1 billion to $4.2 billion as of December 31, 2024, compared to the previous year[304]. - Other net cash flow from operating activities in 2024 included $2.0 billion from a transaction with Vertical Bridge REIT, LLC[273]. - The company drew down $1.0 billion from credit facilities during 2023, with no drawings in 2024[298]. - Restricted cash decreased by $991 million to $441 million as of December 31, 2024, primarily due to changes in cash collection timing[305]. - Verizon made discretionary contributions of $365 million to qualified pension plans in 2024, up from $200 million in 2023[308]. Impairment and Fair Value Considerations - In Q4 2023, a noncash goodwill impairment charge of approximately $5.8 billion was recorded for the Business reporting unit due to lower projected cash flows[329]. - A projected sustained decline in revenues and earnings could significantly impact the fair value of the reporting unit and result in future impairment charges[331]. - The weighted-average expected loss rate for accounts receivable increased by 0.75% at December 31, 2024, compared to the previous year[343]. - Changes in macroeconomic factors, such as interest rates and inflation, have affected the fair value of the Business reporting unit[329]. - As of October 31, 2024, the fair value of the Business reporting unit exceeded its carrying amount by approximately 8%, but remains susceptible to future impairment risk[330]. Environmental and Sustainability Initiatives - The company has 28 renewable energy purchase agreements totaling approximately 3.7 gigawatts of anticipated renewable energy capacity[315].

What you need to know: Verizon customers in New Orleans used 93.5 TB of data on Super Bowl Sunday.The fans at Caesars Superdome used 38.1 TB of data in and around the stadium.Verizon customers benefited from 2.4x faster download and 4.8x faster upload speeds than the competition. NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- As the official 5G network of the NFL, Verizon powered the gameday experience across New Orleans on Super Bowl Sunday. As fans gathered to watch the Philadelphia Eagles’ victory over the ...

NEW YORK, Feb. 11, 2025 (GLOBE NEWSWIRE) -- Verizon's relentless focus on innovation and customer experience has once again earned them the top spot in the industry, claiming Best 5G, Fastest 5G, and Most Reliable 5G in the 2024 RootMetrics® second half drive tests, the nation's most rigorous, independent scientific study. This win underscores Verizon's unwavering commitment to providing customers with a superior 5G network experience where they live, work, and play. "Our priority is delivering the best, mo ...

Rose's Income Garden Portfolio "RIG" has 85 investments, which my last article here discussed, along with the defensive nature of how the portfolio derives its income. Communication/ telecom is a sector I believe to be defensive, and therefore I enjoy the nice higher yieldsMacro Trading Factory is a macro-driven service, run by a team of experienced investment managers.The service offers two portfolios: “Funds Macro Portfolio” & “Rose's Income Garden”; both aim to outperform the SPY on a risk-adjusted basis ...

I understand that Verizon Communications Inc. (NYSE: VZ ) and other telecom companies may not be every investor's preferred investments as a result of their huge debt loads. And while this is a constant burden that typically weighsContributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to d ...

NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) -- [TL;DR] Verizon bolsters its perk portfolio with the addition of Google One AI Premium at exclusive value for myPlan and myHome customers at an unbeatable dealGet access to Gemini Advanced for everyday tasks, and 2 TB of sharable cloud storage for an exclusive monthly price of just $10/mo. (a savings of $9.99/mo.)1Verizon continues to add new perks to myPlan and myHome, giving customers access to their favorite productivity and streaming services at a great value ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Verizon (NYSE: VZ ) is one of the largest telecommunication companies in the world and one of the big three in the United States. The company has a $170 b ...