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Verizon Appoints Former PayPal Head Dan Schulman as CEO to Lead ‘New Chapter of Growth'
PYMNTS.com· 2025-10-06 14:45
Verizon appointed its independent lead director and former PayPal Holdings CEO Dan Schulman as CEO, effective immediately, saying he will lead the company’s “new chapter of growth.”By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional l ...
Verizon names board member and former PayPal CEO Schulman to its top post
Yahoo Finance· 2025-10-06 13:53
Verizon Communications is tapping the former CEO of PayPal to its top role, taking over the post from Hans Vestberg. Dan Schulman, who has served as a Verizon board member since 2018 and is its lead independent director, will become CEO of the New York company immediately. Vestberg will serve as a special adviser through Oct. 4, 2026. During that time, he will focus on the transition process, which includes the integration with Frontier Communications, which is expected to close in the first quarter of ne ...
Verizon Announces CEO Transition
Globenewswire· 2025-10-06 12:30
Board of Directors Appoints Independent Lead Director and Former CEO of PayPal, Dan Schulman, as Chief Executive Officer Hans Vestberg to Serve as Special Advisor Through October 4, 2026 and Member of the Board of Directors until the 2026 Annual Meeting Mark Bertolini Appointed Chairman of the Board of Directors Company Reiterates Full-Year 2025 Financial Guidance NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Verizon Communications Inc. (NYSE, NASDAQ: VZ) today announced that its Board of Directors has appoin ...
Verizon Business delivers advanced network connectivity solutions to the St. Louis Blues and Enterprise Center
Globenewswire· 2025-09-22 14:00
Core Insights - Verizon Business has completed a major converged network solution refresh at Enterprise Center, enhancing wireless connectivity for athletes, staff, and fans during the hockey season [1][2] - The upgraded network includes a comprehensive wired and wireless internet system, ensuring ultra-fast, secure, and reliable connectivity to improve operational efficiency and fan experience [2][3] - The new network solutions will be available for fans starting October 9, 2025, during the St. Louis Blues' home opener against the Minnesota Wild [3] Company and Industry Overview - Verizon Communications Inc. generated revenues of $134.8 billion in 2024, serving millions of customers and nearly all Fortune 500 companies [5] - As the Official 5G Network for Enterprise Center, Verizon operates a neutral host Distributed Antenna System (DAS) to provide multiple connectivity options for fans [4] - The partnership between Verizon and Extreme Networks focuses on delivering high-speed connectivity and network visualization to enhance the experience during games and events at Enterprise Center [6]
Verizon Leads the Future of Wireless with Development of New Industry 6G Alliance
Globenewswire· 2025-09-22 13:00
Core Insights - Verizon has established the 6G Innovation Forum to drive innovation and shape the future of wireless technology, uniting key players in the technology ecosystem [1][2] - The forum aims to develop foundational 6G technologies and establish a resilient 6G ecosystem while ensuring global alignment [1][3] - Verizon's commitment to integrating AI into its operations will continue with the evolution of 6G, enhancing its AI Connect strategy and intelligent edge capabilities [2][4] Industry Developments - The forum will focus on tangible advancements in 6G and explore new use cases, moving beyond theoretical discussions [3] - Verizon is collaborating with global standards bodies like 3GPP to ensure alignment with mainstream 6G development and promote interoperability [5] - Dedicated Verizon 6G Labs will be established in Los Angeles for collaborative research, prototyping, and early trials of 6G technologies [5] Company Performance - Verizon generated revenues of $134.8 billion in 2024, serving millions of customers and nearly all Fortune 500 companies [4] - The company continues to innovate to meet customer demands for mobility, reliable connectivity, and security [4]
AT&T (T) Expands 5G and Fiber Networks, Eyes Leading Telecom Revenue Position
Yahoo Finance· 2025-09-21 07:59
Group 1 - AT&T Inc. is positioned as one of the top communication services stocks to consider for investment, with plans to enhance its 5G and fiber networks to become the leading telecommunications provider in the U.S. by the end of the decade [1] - The acquisition of mid-band spectrum from EchoStar/DISH is crucial for AT&T's expansion, ensuring stability for future capacity needs and targeting specific customer segments with wireless-only solutions in areas lacking fiber infrastructure [2] - AT&T offers a diverse range of wireless communication services and data solutions to various customer groups, including corporations, government entities, wholesale customers, and individual consumers [3]
江苏2.8万个场所将“信号升格”,10月底前全面提升重点场景移动网络质量
Yang Zi Wan Bao Wang· 2025-09-15 07:45
Core Viewpoint - The Jiangsu Provincial Communication Administration is implementing a "signal upgrade" initiative to enhance mobile network quality across 28,000 key locations by the end of October, focusing on critical scenarios such as tourism and major events [1][3] Group 1: Initiative Details - The "signal upgrade" action targets 10 categories of key scenarios, aiming for completion by the end of October [1] - Measures include increasing signal source equipment and upgrading to 5G-A networks to improve mobile network quality [1] Group 2: Evaluation and Results - A previous evaluation of 3,927 locations across six categories showed a dual compliance rate (both 4G and 5G coverage and speed meeting standards) exceeding 99% [3] - Since the start of the "signal upgrade" initiative, telecom companies in the province have invested a total of 4.93 billion yuan, added 15,000 signal sources, and constructed 32,000 new 5G base stations and 11,000 new 4G base stations [3]
菏泽联通多维发力全力备战中国林交会 通信保障
Qi Lu Wan Bao Wang· 2025-09-10 08:28
Group 1 - The 20th China Timber Products Trade Fair will be held from September 19 to 21 at the Zhuangzhai Timber Products Industrial Park in Caoxian [1] - Heze Unicom has established a special working group led by the deputy general manager to ensure effective communication network support during the event [1][3] - A comprehensive mobile signal strength test was conducted on the A and B exhibition halls to assess current communication coverage and inform optimization plans [3] Group 2 - Heze Unicom initiated a special inspection of optical cables due to potential impacts from renovations, ensuring the integrity and performance of core communication links [3] - To accommodate the expected increase in data transmission needs during the event, Heze Unicom will add one 5G sector in each of the A and B exhibition halls [3] - The company aims to provide high-speed and smooth network services for participants, enhancing the overall communication experience during the fair [3][5] Group 3 - Heze Unicom recognizes the significance of the trade fair in promoting regional forestry industry exchanges and supporting local economic development [5] - The company has implemented strict quality control measures throughout the preparation process, from signal surveys to equipment debugging [5] - Professional technical personnel will be on-site 24/7 during the event to monitor network status and respond to any emergencies promptly [5]
These Analysts Boost Their Forecasts On EchoStar
Benzinga· 2025-08-27 18:16
Core Viewpoint - EchoStar Corp's shares experienced a significant increase due to a $23 billion deal to sell a portion of its wireless spectrum portfolio to AT&T Inc, which is expected to enhance AT&T's 5G network capabilities [1][2]. Group 1: Deal Details - The agreement with AT&T is an all-cash transaction involving EchoStar's 3.45 GHz and 600 MHz spectrum licenses [2]. - The sale aims to provide AT&T with mid-band and low-band airwaves to strengthen its 5G network and fiber infrastructure [2]. - The deal is anticipated to close by mid-2026, subject to regulatory approval [2]. Group 2: Market Reaction - Following the announcement, EchoStar shares surged by 14.5%, reaching $58.32 [2]. - Analysts have adjusted their price targets for EchoStar in light of the deal [2]. Group 3: Analyst Ratings - TD Cowen analyst Gregory Williams maintained a Buy rating on EchoStar and raised the price target from $28 to $67 [4]. - Deutsche Bank analyst Bryan Kraft also maintained a Buy rating, increasing the price target from $43 to $67 [4]. - Morgan Stanley analyst Benjamin Swinburne kept an Equal-Weight rating and raised the price target from $25 to $59 [4].
Amer Movil (AMX) Up 6.6% Since Last Earnings Report: Can It Continue?
ZACKS· 2025-08-21 16:31
Core Viewpoint - America Movil reported a significant year-over-year increase in net income for Q2 2025, although it fell short of consensus estimates, indicating mixed performance in the telecommunications sector [2][3]. Financial Performance - Net income per ADR for Q2 2025 was 38 cents, compared to a net loss of 2 cents in the same quarter last year, but missed the Zacks Consensus Estimate of 49 cents [2]. - Total quarterly revenues increased by 13.8% to Mex$233,785 million, driven by growth in both Service and Equipment segments [4]. - Service revenues reached Mex$198,540 million, up 13.4% year over year, while Equipment revenues rose 17.3% to Mex$32,911 million [4]. - Comprehensive financing costs decreased by 80.8% to Mex$7,729 million from Mex$40,210 million in the prior year [3]. - Total costs and expenses rose by 15.5% to Mex$141,375 million, while EBITDA increased by 11.2% to Mex$92,409 million, resulting in an EBITDA margin of 39.5% [10]. Subscriber Growth - America Movil gained 1.7 million wireless subscribers in Q2 2025, including 2.9 million postpaid subscribers, with Brazil contributing the most at 1.4 million [5]. - The company experienced a net loss of 1.1 million prepaid subscribers, primarily due to disconnections in Brazil, Chile, and Honduras [5]. Regional Performance - Colombia's revenue grew by 7.6% year over year, driven by a 6.1% increase in service revenue, with strong performance in both fixed and mobile platforms [7]. - Argentina's revenues reached ARS 633,865 million, a 9.9% increase year over year, supported by improved economic conditions [8]. - Central America's revenues increased by 10.1% to $721 million, with growth in both Service and Equipment revenues [9]. Liquidity and Debt - As of June 30, 2025, America Movil had Mex$92,730 million in cash and short-term investments, alongside long-term debt of Mex$453,681 million [12]. Market Outlook - Estimates for America Movil have been trending upward, with a 28.57% shift in consensus estimates over the past month [13]. - The company holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [15].