Verizon(VZ)
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Verizon to Cut About 15,000 Jobs
WSJ· 2025-11-13 16:01
Core Viewpoint - The telecommunications company is focused on reducing costs to address customer losses [1] Group 1 - The company is experiencing customer losses and is taking measures to mitigate this issue [1]
Verizon chairman Mark Bertolini says the board 'needed to act' to revive company
CNBC· 2025-11-13 15:18
Core Insights - Verizon is undergoing a leadership change with the appointment of Dan Schulman as CEO, aiming to reverse the company's share losses experienced under former CEO Hans Vestberg [1][2] - The company has dropped from the number one position in market capitalization, bond ratings, and market share to number three, losing 30% of its market share over the past eight years [2] - Schulman, who previously led PayPal, is expected to redefine Verizon's trajectory and is currently evaluating the company's cost structures and other operational aspects [2][3] Leadership Transition - Dan Schulman has replaced Hans Vestberg as CEO, with Vestberg remaining on the board until the 2026 annual meeting and serving as a special advisor until October 4, 2026 [3] - The leadership change is seen as critical for Verizon to address its declining market position and to implement a new strategic plan [2][3] Strategic Direction - Verizon's chairman, Mark Bertolini, emphasized the need for a different approach to regain market competitiveness, indicating that the company is at a "critical juncture" [2] - Schulman is expected to present a turnaround plan soon, focusing on the value of Verizon's offerings rather than engaging in a price war [4] - The board's decision to act reflects a proactive stance in addressing the challenges faced by the company [4]
Verizon Business Powers Next-Generation Broadcasts for Monumental Sports & Entertainment
Globenewswire· 2025-11-13 15:00
100G Optical Network Backbone enables broadcast innovation for the Washington Capitals, Washington Wizards, Washington Mystics, and Capital City Go-GoNEW YORK, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Verizon Business today announced the completion of a new 100G dedicated optical ring. This ring will serve as the core broadcast, content creation engine, and corporate network for Monumental Sports & Entertainment (MSE), the owners and operators of the independent regional media platform Monumental Sports Network (M ...
Mark Bertolini on new role as Verizon chairman: Losing 30% share over the last 8 years is an issue
CNBC Television· 2025-11-13 14:43
Before we let you go, you are the newly named independent chairman at Verizon for the newly named CEO Dan Schulman. >> Yes. >> Um why the change and what's going to be different at this point.>> Um Verizon has gone from number one in market cap bond ratings and and share to number three. Um and the network isn't as differentiated as it used to be. in large part because everybody's been spending money to put these 5G networks in place.So losing 30% share over the last eight years is an issue. Um and we have ...
Mark Bertolini on new role as Verizon chairman: Losing 30% share over the last 8 years is an issue
Youtube· 2025-11-13 14:43
Company Overview - Verizon has experienced a decline in market position, dropping from number one to number three in market capitalization, bond ratings, and share value [1] - The company has lost 30% of its market share over the past eight years, indicating a significant issue that needs to be addressed [2] Strategic Changes - The newly appointed CEO, Dan Schulman, is tasked with evaluating the underlying cost structure and implementing changes to improve the company's performance [2] - There is a belief that once a comprehensive plan is established, Verizon will have a compelling narrative to present to the market [3] Market Dynamics - The market has reacted to the potential for a price war, but the focus is shifting towards the value of the products offered rather than just pricing strategies [3] - The board of Verizon recognized the need for action and has taken steps to address the company's challenges [3]
JUST Capital Strengthens Board of Directors With Six Strategic Appointments
Markets.Businessinsider.Com· 2025-11-10 14:34
Core Insights - JUST Capital has appointed six new members to its board of directors, enhancing its leadership and expertise in technology, research, communications, and corporate strategy [1][2][4] Group 1: New Board Members - Mehdi Ansari is a partner at Sullivan & Cromwell LLP, specializing in intellectual property and technology, particularly in AI [7][8] - Jonathan Auerbach has over 30 years of experience in technology and financial services, previously serving as Chief Strategy and Growth Officer at PayPal, where he led significant initiatives including the launch of PayPal USD [9][10][12] - Laxman Narasimhan, former CEO of Starbucks and Reckitt, brings extensive experience in leading global brands and driving digital transformation [14][15][16] - Franz Paasche, EVP of Corporate Affairs at Verizon, has over 30 years of experience in public affairs and communications, previously holding leadership roles at Columbia University and PayPal [19][20][21] - Stephanie Stahl is a seasoned business leader and executive coach with a strong background in marketing and strategy, serving on multiple public company boards [23][25][26] - Charles C.Y. Wang is a professor at Harvard Business School, focusing on corporate governance and valuation, with extensive research published in leading academic journals [27][29] Group 2: Organizational Goals and Developments - The new board members will support JUST Capital's transformation into an AI-powered corporate intelligence platform, set to launch its JUST Intelligence platform in 2026 [2][4] - JUST Capital aims to provide C-suites and boards with insights on stakeholder performance, competitive benchmarking, and strategic guidance on critical issues [4][5] - The organization has already improved job quality for 2.6 million workers and reached over 30 million Americans through media partnerships [5]
Verizon seeks $10 billion from bond sale tied to Frontier deal, Bloomberg News reports
Reuters· 2025-11-10 14:14
Core Viewpoint - Verizon Communications is planning to raise approximately $10 billion in the corporate bond market to finance its acquisition of Frontier Communications [1] Group 1 - The funding will be utilized specifically for the deal involving Frontier Communications [1]
X @Bloomberg
Bloomberg· 2025-11-10 13:33
Acquisition Funding - Verizon initiated a corporate bond offering to finance its acquisition of Frontier [1]
Wall Street's Most Accurate Analysts Spotlight On 3 Tech And Telecom Stocks Delivering High-Dividend Yields
Benzinga· 2025-11-10 13:28
Core Insights - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: Company Ratings and Analyst Insights - Verizon Communications Inc (NYSE:VZ) has a dividend yield of 6.89%. Goldman Sachs analyst Michael Ng initiated coverage with a Buy rating and a price target of $49, while Morgan Stanley's Benjamin Swinburne maintained an Equal-Weight rating, raising the price target from $47 to $48 [7] - Interpublic Group of Companies Inc (NYSE:IPG) has a dividend yield of 5.18%. JP Morgan's David Karnovsky maintained an Overweight rating but reduced the price target from $35 to $33. Citigroup's Jason Bazinet reinstated a Buy rating with a price target of $35 [7] - Comcast Corp (NASDAQ:CMCSA) has a dividend yield of 4.83%. Citigroup's Michael Rollins maintained a Buy rating but cut the price target from $39 to $35, while Goldman Sachs' Michael Ng maintained a Neutral rating and reduced the price target from $39 to $30 [7] Group 2: Recent Company Performance - Verizon reported better-than-expected third-quarter adjusted EPS results on October 29 [7] - Analysts expect Interpublic Group to post quarterly earnings of 73 cents per share on revenue of $2.19 billion for the latest quarter [7] - Comcast posted positive quarterly results on October 30 [7]
T-Mobile: The Pullback Is Attractive For Long-Term Investors (Rating Upgrade)
Seeking Alpha· 2025-11-10 12:00
Core Viewpoint - T-Mobile US, Inc. (TMUS) is outperforming its peers, particularly Verizon Communications Inc. (VZ), despite telecom stocks being perceived as bond-like investments by some investors [1]. Group 1: Company Performance - T-Mobile has surpassed Verizon in performance metrics, indicating a strong competitive position in the telecom sector [1]. Group 2: Investment Perspective - The article suggests that T-Mobile's performance may attract investors looking for growth opportunities in the telecom industry, contrasting with the traditional view of telecom stocks as stable, bond-like investments [1].