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Verizon Announces Strategic Partnership with Accenture to Help Organizations Tackle Emerging Cybersecurity Threats
Newsfilter· 2025-03-03 07:00
Core Insights - Verizon Business and Accenture have formed a strategic partnership to enhance cybersecurity solutions for businesses of all sizes, addressing threats such as data breaches and phishing attacks [2][3] - The partnership will initially focus on offering as-a-service capabilities including Identity and Access Management (IAM) and Managed Extended Detection and Response (MxDR), followed by co-innovation of new solutions [3][7] - The collaboration aims to improve resilience against evolving cybersecurity threats driven by emerging technologies and geopolitical uncertainties [4][7] Company Overview - Verizon Communications Inc. generated revenues of $134.8 billion in 2024 and serves nearly all Fortune 500 companies, focusing on mobility, reliable network connectivity, and security [5] - Accenture is a global professional services company with approximately 799,000 employees, providing services that help organizations build their digital core and optimize operations [6] Industry Context - The cybersecurity landscape is becoming increasingly complex, necessitating businesses to prioritize resilience and adapt to new threats [4] - The partnership between Verizon and Accenture is positioned to meet the growing demand for comprehensive cybersecurity solutions, enhancing Verizon's competitive edge in the market [4][7]
Lockheed Martin, Nokia, and Verizon Advance Defense Capabilities Through 5G.MIL® Collaboration
Prnewswire· 2025-03-02 13:00
Core Insights - The successful integration of Nokia's military-grade 5G solutions with Lockheed Martin's 5G.MIL Hybrid Base Station enhances the interoperability of commercial 5G connections with military communications systems, crucial for national defense [1][2][3] Group 1: Strategic Collaboration - Lockheed Martin, Nokia, and Verizon are collaborating to ensure seamless data routing in military operations, enhancing situational awareness and decision-making [2][6] - The integration demonstrates Nokia's flexibility in meeting defense demands while ensuring security and efficiency [2][3] Group 2: Technical Integration - Recent demonstrations showcased the interoperability of Nokia's 5G solutions with Verizon's network management, allowing for rapid integration of advanced capabilities into Lockheed Martin's systems [3][4] - The integration allows users to switch between commercial 5G and tactical LPx waveforms without interruption, enhancing operational capabilities [5] Group 3: Future Developments - The collaboration will continue to evolve with the incorporation of new technology advancements at Lockheed Martin's 5G.MIL Experimental Network site in Florida, enhancing military and national security operations [6][7] - Future efforts will focus on expanding hybrid network testing and improving interoperability across various tactical communication systems [6][7]
Verizon declares quarterly dividend on February 28
Globenewswire· 2025-02-28 20:44
NEW YORK, Feb. 28, 2025 (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, unchanged from the previous quarter. The quarterly dividend is payable on May 1, 2025, to Verizon shareholders of record at the close of business on April 10, 2025. Verizon demonstrated strong performance in 2024, as it more than doubled wireless postpaid phone net additions compared to 2023, and continued to take broad ...
Verizon to speak at Morgan Stanley TMT Conference March 4
Globenewswire· 2025-02-28 16:00
NEW YORK, Feb. 28, 2025 (GLOBE NEWSWIRE) -- Tony Skiadas, executive vice president and chief financial officer for Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the Morgan Stanley Technology, Media and Telecom Conference on Tuesday, March 4, at 11:30 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 ...
Verizon Details Cloud Platform Development Plans
The Motley Fool· 2025-02-28 14:10
Core Insights - Verizon is focusing on developing its own virtual cloud platform to enhance its cloud computing capabilities, with 40% of its network already virtualized [2][3] - The company is expanding broadband coverage through fiber deployment and millimeter wave technology for fixed wireless access, aiming to build approximately 650,000 premises this year [4][5] - Verizon's AI Connect strategy emphasizes three key infrastructure elements: fiber and wave services, improved facilities for equipment, and programmable networks [6] Network Strategy - The virtualization of 40% of the network involves replacing old hardware with software on general-purpose computers, facilitating easier upgrades and management [3] - The use of millimeter wave technology allows Verizon to deliver ultra-fast internet speeds wirelessly to multi-dwelling units, achieving reliable 1 gigabit speeds [5] AI Infrastructure Development - Verizon's AI Connect strategy aims to reimagine its assets for the AI ecosystem, focusing on faster internet connections, better facilities for equipment, and smarter, adaptable networks [6] - Key focus areas for the company include Ultra Wideband Network deployment, development of 5G-Advanced services, and enhancing AI infrastructure capabilities [7]
The Value of Virtualized Architecture in High-Density Environments
Newsfilter· 2025-02-27 15:42
NEW YORK, Feb. 27, 2025 (GLOBE NEWSWIRE) -- In the ever-evolving landscape of telecommunications, Verizon has consistently been at the forefront, pioneering the deployment and operation of its award-winning network on a fully virtualized platform. Verizon has been aggressively deploying Virtualized Radio Access Network (V-RAN) technology across its network to enhance flexibility, efficiency, and performance. As of early 2025, Verizon has over 170,000 O-RAN radios and over 22,900 V-RAN site locations in serv ...
Verizon announces new savings & VIP benefits for customers who bring together Mobile & Home
Newsfilter· 2025-02-27 14:10
Core Insights - Verizon has launched a converged offer for Mobile and Home Internet customers, providing significant savings and enhanced customer experience [1][2] Group 1: Offer Details - Customers combining mobile and home services with Verizon can receive a $15 monthly discount on home internet [2][10] - Verizon Home Internet plans start as low as $35 per month when combined with a postpaid mobile plan [10][11] - Customers can save up to $215 annually through perk credits for entertainment subscriptions like Netflix and Max [10][9] Group 2: Customer Experience - The offer includes priority customer support, ensuring faster access to expert representatives for Mobile + Home customers [10][9] - Verizon aims to provide a superior network experience and value in entertainment that competitors do not offer [2][12] Group 3: Promotions and Events - Verizon stores will host an immersive experience related to HBO's "The White Lotus" from March 1st to April 4th, enhancing customer engagement [5] - Verizon Value customers with eligible plans will also receive a $15 monthly discount on their Fios bill [7][10]
Verizon announces new savings & VIP benefits for customers who bring together Mobile & Home
Globenewswire· 2025-02-27 14:10
Core Insights - Verizon has launched a converged offer for Mobile and Home Internet customers, allowing them to save $15 per month and access entertainment perks like Netflix and the Disney Bundle when bundling services [1][2]. Summary by Sections Offer Details - Customers combining Verizon's mobile and home services can receive a $15 monthly discount on home internet, along with entertainment savings and priority customer support [2][9]. - Verizon Home Internet plans start as low as $35 per month when combined with a postpaid mobile plan [9][11]. Entertainment Perks - Customers are eligible for a perk credit of up to $10 per month towards entertainment subscriptions such as Netflix, Max, and the Disney Bundle, potentially saving up to $215 annually [9][8]. - Exclusive entertainment experiences will be available at select Verizon stores, including a pop-up inspired by HBO's "The White Lotus" [5]. Customer Support - Mobile and Home customers will receive premium customer care, including expedited support and personalized greetings when contacting Verizon [9]. Target Audience - The offer is also available to Verizon Value customers who have both an eligible Fios Home Internet plan and a mobile service plan from various Verizon Value brands, providing a $15 monthly discount [7]. Company Background - Verizon generated revenues of $134.8 billion in 2024 and continues to innovate to meet customer demands for mobility and reliable network connectivity [12].
Verizon sets new 5G upload speed record as it continues to advance its network to manage AI and other emerging workloads
Newsfilter· 2025-02-26 15:00
Core Insights - Verizon is enhancing its 5G network capabilities through advanced technology, high-speed fiber, edge computing, and intelligent management to meet the increasing data demands of real-time applications and AI workloads [1] - A collaboration between Verizon, Ericsson, and Qualcomm has resulted in a record-breaking uplink speed of 480 Mbps using sub-6 GHz spectrum, achieved through TDD carrier aggregation and uplink MIMO technology [2][4] Group 1: Technological Advancements - The combination of faster uplink speeds and network advancements allows for efficient processing of real-time data, crucial for applications like smart surveillance, industrial automation, and generative AI [3] - The trial utilized 200 MHz of C-band spectrum and 2x2 MIMO technology, showcasing the capabilities of Ericsson's Generation 4 RAN Processor and Massive MIMO TDD antenna [5] - MIMO technology enhances data throughput and reliability by using multiple antennas to send and receive data streams simultaneously [6] Group 2: Application Impact - High uplink speeds are essential for time-sensitive applications such as healthcare diagnostics and live broadcasting, where delays can significantly affect outcomes [3] - Enhanced uplink capabilities support real-time applications like video conferencing, cloud gaming, and IoT communications, ensuring seamless performance [3] - As user-generated high-resolution content increases, strong uplink capabilities are vital for maintaining smooth performance on social media and streaming platforms [3] Group 3: Industry Commitment - The achievement of 480 Mbps uplink speeds demonstrates the commitment of Verizon, Ericsson, and Qualcomm to advancing the 5G ecosystem, enabling businesses to leverage AI for smarter automation and improved user experiences [8] - Verizon's revenue reached $134.8 billion in 2024, reflecting its position as a leader in providing reliable network connectivity and innovative solutions [9]
Verizon Advances Satellite to Cellular Connectivity: Stock to Gain?
ZACKS· 2025-02-25 19:45
Group 1: Core Developments - Verizon Communications, Inc. has made significant advancements in satellite-to-cellular connectivity through a partnership with AST SpaceMobile, which is developing a space-based cellular broadband network for standard mobile devices [1] - In mid-2024, Verizon formed a strategic partnership with ASTS, committing $100 million to deliver direct-to-cellular service across the U.S., aiming for 100% coverage by leveraging its terrestrial network and ASTS' satellite capabilities [2] - ASTS received Special Temporary Authority from the FCC in January 2025 to test smartphones connected to its BlueBird satellites, successfully completing a video call between devices connected to terrestrial and satellite networks [3] Group 2: Market Position and Competition - Despite rapid 5G expansion, many areas in the U.S. remain outside network coverage, prompting Verizon to combine its terrestrial infrastructure with ASTS' capabilities to enhance connectivity and address dead zones [4] - Verizon's competitor, T-Mobile, is also developing direct-to-cell technology in collaboration with Starlink, indicating a competitive landscape in satellite connectivity [5] Group 3: Stock Performance - Verizon's stock has increased by 3.3% over the past year, while the industry has seen a growth of 41.8%, highlighting a lag in performance relative to peers [6] Group 4: Earnings and Rankings - Verizon has delivered an earnings surprise of 158.41% over the trailing four quarters, showcasing its strong performance in advanced mobile technologies [9] - Currently, Verizon holds a Zacks Rank of 3 (Hold), while other companies in the industry, such as InterDigital and Akamai Technologies, have higher rankings, indicating potential investment alternatives [8][10]