|Bid||56.05 x 1800|
|Ask||56.06 x 2200|
|Day's Range||55.33 - 57.37|
|52 Week Range||54.26 - 62.22|
|Beta (5Y Monthly)||0.45|
|PE Ratio (TTM)||12.03|
|Earnings Date||Apr. 20, 2020 - Apr. 26, 2020|
|Forward Dividend & Yield||2.46 (4.31%)|
|Ex-Dividend Date||Jan. 08, 2020|
|1y Target Est||61.79|
While Verizon (VZ) conducts a trial to check the efficacy and viability of its 5G Ultra Wideband network, Nokia (NOK) introduces two new cloud-native software applications to help carriers migrate toward automated 5G network operations.
Designed to meet the modern needs of creatives, consumers and businesses, the LG V60 ThinQ 5G UW is built to let users share incredible moments faster and more often on both Verizon’s 5G Ultra Wideband network and our low-band 5G network, launching later this year1. The LG V60 ThinQ 5G UW opens the door to new audio and video experiences, leveraging the high speeds and low latency of Verizon’s 5G Ultra Wideband network for video streaming with virtually no buffering and immersive multiplayer mobile gaming.
Verizon (VZ) partners tech leaders to test the feasibility and reliability of its 5G Ultra Wideband network with carrier aggregation technology on Motorola's upcoming 5G device.
EULESS, Texas, Feb. 25, 2020 -- Verizon, along with Samsung Electronics Americas, Inc., Motorola Mobility, and Qualcomm Technologies, Inc., a wholly owned subsidiary of.
The initiative is part of Verizon's (VZ) broader strategy to partner with customers, startups, universities and large enterprises, and discover how 5G is likely to disrupt virtually every industry.
Sports fans are willing to pay more for streaming live sports, but only if it provides better access to the sports teams and leagues they are interested in. The research was conducted amongst 5,000 sports fans in the US, UK, France, Germany and Holland* and found that the opportunity for content providers streaming live sports is huge, as long as they offer greater personalization, better viewing options and a different advertising experience better suited to a streaming environment.
The third annual Verizon Mobile Security Index takes a deep dive into the state of mobile security, looking at different types of threats and offering tips to protect your environment. 43 percent of respondents said their organization had sacrificed mobile security in the past year, and those that did were 2x as likely to suffer a compromise. Organizations can protect against mobile security threats by establishing a “security-first” focus, developing and enforcing policies and encrypting data over unsecured networks.
What you need to know: The Verizon 5G Ultra Wideband network is now live at the Emory Healthcare Innovation Hub (EHIH) in Atlanta This is the nation’s first 5G healthcare.
(Bloomberg) -- The White House plans to hold a conference with Huawei Technologies Co. rivals to try to accelerate development of affordable competing 5G wireless technology, President Donald Trump’s top economic adviser said Friday.“We’re working carefully, closely with Nokia and Ericsson,” National Economic Council Director Larry Kudlow told reporters. “We’re going to be holding some kind of a conference in about a month. I’m sure the president would join us in part, that would include Samsung, that will include all of our guys.”He later told Fox Business that the meeting “might take place” in early April, and that companies including AT&T Inc., Verizon Communications Inc. and Qualcomm Inc. would be represented.The U.S. has engaged in a campaign to persuade other countries not to use Huawei equipment in emerging 5G networks, but the effort has faltered due to a lack of competing technology. Attorney General William Barr suggested recently the U.S. government or American companies should consider investing in Huawei competitors Nokia Oyj of Finland and Ericsson AB of Sweden to try to prevent the Chinese company’s technology from being widely adopted.Kudlow called the U.K. government’s attitude toward Huawei in particular “sub-optimal.” Trump has spoken repeatedly this month with British Prime Minister Boris Johnson, berating him in at least one phone call for refusing to ban Huawei gear.“They have made some concessions about putting the lid on Huawei, but I’m an optimist, I believe we can work through it, they are our great allies,” Kudlow said.The U.S. alleges that the Chinese government will use equipment from the Shenzhen-based company to spy on nations that install it in their networks. Huawei has denied that the Chinese government controls the company or has access to its products.(Updates with details of conference in third paragraph. An earlier version corrected a misspelling of Huawei in the first paragraph.)\--With assistance from Jennifer Jacobs.To contact the reporter on this story: Josh Wingrove in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Alex Wayne at email@example.com, John Harney, Virginia Van NattaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
RSA also said that AT&T Cybersecurity will not participate in the conference, taking the total number of companies that have pulled out to fourteen. Separately, Facebook Inc said that it will not be attending the Game Developers Conference, also in San Francisco, due to the coronavirus outbreak.
(Bloomberg) -- T-Mobile US Inc. and Sprint Corp. agreed to new terms for their pending merger that take account of the slide in Sprint shares since the transaction was first agreed, putting the industry-altering deal a step closer to completion.T-Mobile owners will get roughly 11 shares of Sprint for each of their stock, the companies said Thursday. That’s an increase from a ratio of 9.75 previously and is more favorable for T-Mobile’s German owner Deutsche Telekom AG.The equity value of the amended deal is about $37 billion compared with the original agreement of $26.5 billion, according to Bloomberg Intelligence analyst Erhan Gurses. The higher valuation partly reflects the 62% gain in T-Mobile shares since the all-stock transaction was announced almost two years ago, despite the deterioration in Sprint’s business.Getting one of the biggest U.S. wireless mergers ever over the finish line would be a boon for Deutsche Telekom as it will reduce its reliance on Europe, where carriers are struggling to grow amid fierce competition. T-Mobile makes up more than half of Deutsche Telekom’s sales, up from about a third in 2014. A completed deal will also benefit Sprint owner SoftBank Group Corp. by allowing its chairman, Masayoshi Son, to better focus on his technology investments and the $100 billion Vision Fund.The combined company, which will operate under the T-Mobile name, will have a regular monthly subscriber base of about 80 million -- in the same league as AT&T Inc., which has 75 million subscribers, and Verizon Communications Inc., which has 114 million.When the transaction closes, which could happen as soon as April 1, Deutsche Telekom is expected to keep 43% of the merged entity, while SoftBank has 24%. The rest will be held by public shareholders.Deutsche Telekom shares fell 1.3% to trade at 16.41 euros in Frankfurt. Sprint shares were up 5% to $9.96 at 11:01 a.m. in New York, while T-Mobile was down 1.8% to $97.73.The original accord, which united the third- and fourth-largest U.S. wireless carriers, was forged in April 2018. That pact lapsed on Nov. 1, and the companies didn’t initially renew the terms while they fought for government approval. When a federal judge rejected a state lawsuit to block the transaction earlier this month, that put the talks on the front burner.Along the way, Sprint’s condition has worsened. That added pressure to redraw the agreement so that it was more favorable to Deutsche Telekom.SoftBank agreed to surrender 48.8 million T-Mobile shares that it will acquire in the merger to the combined company immediately after the transaction closes. But those shares could be reissued to SoftBank by 2025 if the new company’s stock stays above $150 for a period of time.That arrangement -- having SoftBank relinquish the stock after the deal closes -- was structured so that the deal wouldn’t have to go before another shareholder vote.Sprint investors other than SoftBank will still get the original ratio of 0.10256 T-Mobile shares for each Sprint share -- the equivalent of about 9.75 Sprint shares for each T-Mobile share.Sprint’s monthly churn -- a closely watched measure of how many customers leave -- has risen to nearly 2%. That means roughly a quarter of its subscriber base is quitting the carrier each year. And the company isn’t making up for the decline by charging more: Average revenue per customer has fallen 5% since the deal was announced.Analysts such as LightShed Partners’ Walt Piecyk said the merger’s exchange ratio should be closer to 12, given Sprint’s deteriorated business.(Updates with valuation detail in third paragraph, updates share prices.)To contact the reporters on this story: Scott Moritz in New York at firstname.lastname@example.org;Stefan Nicola in Berlin at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, Jennifer RyanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Verizon and multi-platinum, three-time GRAMMY® Award winning artist The Weeknd are partnering to bring members of customer loyalty program Verizon Up, opportunities for exclusive access to concerts and private experiences throughout 2020. “Connecting with my fans is paramount,” said The Weeknd. During all U.S. tour dates of The Weeknd’s 2020 After Hours Tour, Verizon Up ticket holders will get access to an exclusive stage side experience within the Verizon Up Members section.
What you need to know: Verizon to bring enhanced wireless connectivity to 12 NASCAR-owned racetracks over next three years as the Official Wi-Fi PartnerVerizon named Official.
(Bloomberg) -- Deutsche Telekom AG wants to renegotiate the terms for the sale of Sprint Corp. to its U.S. wireless unit T-Mobile US Inc., according to people familiar with the matter.The German carrier, the majority owner of T-Mobile, is seeking a lower price because Sprint’s shares have been trading below their level when the deal was proposed in 2018, said the people, who asked not to be identified as the deliberations are private.Getting one of the biggest U.S. wireless mergers ever over the finish line would be a boon to both companies. For Deutsche Telekom, the deal reduces its reliance on Europe, where carriers are struggling to grow amid fierce competition. For the chairman of Sprint owner SoftBank Group Corp., Masayoshi Son, it allows him to better focus on his technology investments and the $100 billion Vision Fund. The renegotiation talks are expected to start soon, the people said. They would follow a victory for the companies in a U.S. court this week, when a federal judge rejected a state lawsuit against the tie-up. Now the deal is in the home stretch, with only minor approvals left to secure and final financial terms to be ironed out. SoftBank declined to comment. Deutsche Telekom didn’t immediately return a call seeking comment.Deutsche Telekom shares fell 1.4% in Frankfurt as of 12:58 p.m. on Thursday. What Bloomberg Intelligence Says:Deutsche Telekom has limited leverage to renegotiate the terms of its Sprint acquisition, we think, even as the valuation of the latter jumped to $75 billion from $60 billion in 2018 under the deal terms, despite worsening operational performance. The allure of consolidation, including the acquisition of an attractive spectrum portfolio, suggests only a modest potential improvement in stock-exchange ratio.\-- Erhan Gurses, BI telecoms analystClick here for the researchFrequency ConstraintsWhile Sprint’s standalone value has dropped, SoftBank also sees itself in a good position because T-Mobile needs Sprint’s wireless frequencies or would face capacity constraints within as little as two years, one of the people said.T-Mobile’s importance for Deutsche Telekom has grown steadily in recent years and it now accounts for about half of group sales, up from around a third in 2014. T-Mobile and Sprint haven’t renewed the merger agreement since it lapsed on Nov. 1, and there have been discussions regarding several issues that T-Mobile Chief Executive Officer John Legere described as “not hostile” that month on an investor call. T-Mobile has suggested there could be new terms.The combined company, which will operate under the T-Mobile name, will have a regular monthly subscriber base of about 80 million -- in the same league as AT&T Inc., which has 75 million subscribers, and Verizon Communications Inc., which has 114 million. T-Mobile will have more wireless frequencies than any other U.S. carrier, giving it an advantage as the industry transitions to the next generation of wireless technology, the much-faster 5G standard.Bloomberg News reported Wednesday that Sprint and SoftBank would likely have to accept a lower price than when the merger agreement was first forged in April 2018. Sprint’s monthly churn -- a closely watched measure of how many customers leave -- has risen to nearly 2%, which means roughly a quarter of its subscriber base is quitting the carrier each year.The German company is likely to leverage that to negotiate a lower price, but Sprint also has valuable radio frequency spectrum without which T-Mobile US will face serious bottlenecks, a person familiar with the matter told Bloomberg on Wednesday.The Financial Times previously reported that Deutsche Telekom is pushing to renegotiate terms of the deal, citing unidentified people familiar with the matter.(Updates with analyst comment in fifth paragraph)\--With assistance from Stefan Nicola.To contact the reporters on this story: Pavel Alpeyev in Tokyo at email@example.com;Scott Moritz in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Rebecca Penty at email@example.com, Thomas Pfeiffer, Jennifer RyanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
NEW YORK, Feb. 12, 2020 -- Verizon Communications Inc, (NYSE, Nasdaq: VZ) will hold an investor meeting on Thursday, Feb. 13. Presentations will be webcast and will cover.
Verizon furthers its commitment to 5G Built Right with the launch of multiband Galaxy S20 5G series Preorders for Galaxy S20+ 5G and Galaxy S20 Ultra 5G begin February 21Galaxy.
Wall Street advanced on Tuesday with the S&P 500 and the Nasdaq on track to score their second consecutive record highs after officials said the deadly coronavirus could be contained by April. Amazon.com provided the biggest boost to both the S&P 500 and the Nasdaq, while McDonald's Corp led the blue-chip Dow's advance.
The S&P 500 and the Nasdaq indexes scaled new highs on Tuesday as investors took heart from remarks by a top Chinese health adviser that the coronavirus outbreak may be peaking. After more than 1,000 deaths and weeks of uncertainty that roiled global financial markets, China's foremost medical adviser on the epidemic said infections may be over by April.
The S&P 500 and the Nasdaq indexes scaled new highs on Tuesday as investors took heart from remarks by a top Chinese health adviser that the coronavirus outbreak may be peaking. The communication services index was among the only two major S&P sectors in the red.
(Bloomberg) -- T-Mobile US Inc. is poised to close its long-sought merger with Sprint Corp., a deal that will reshape the U.S. wireless industry, after winning approval from a federal judge who rejected a state lawsuit against the tie-up.The two companies said Tuesday they expect to close as soon as April 1 after U.S. District Court Judge Victor Marrero in Manhattan said the states failed to persuade him that a merger of the No. 3 and 4 carriers would harm consumers.“Today was a huge victory for this merger,” T-Mobile Chief Executive Officer John Legere said in a statement. “We are finally able to focus on the last steps to get this merger done!”The ruling comes almost two years after the merger was announced. The companies had bet on a favorable reception from the Trump administration, which signed on to the deal last year. Regulators under President Barack Obama in 2014 rebuffed an earlier merger proposal out of fear that consolidating the market would lead to higher prices.Now the tie-up will give T-Mobile added heft to take on industry leaders AT&T Inc. and Verizon Communications Inc. The new T-Mobile will overtake AT&T in total number of regular monthly subscribers.For T-Mobile’s parent company, Deutsche Telekom AG, the deal reduces the German company’s reliance on Europe, where carriers are struggling to grow amid fierce competition and where its biggest rival -- Vodafone Group Plc -- bolstered its position by buying continental cable assets from Liberty Global Plc. T-Mobile’s importance for Deutsche Telekom has grown steadily in recent years and currently accounts for about half of group sales, up from about a third in 2014.Approval of the deal will come as a huge relief for Sprint parent SoftBank Group Corp. and its chairman, Masayoshi Son, who had faced the prospect of having to bail out Sprint if the deal were blocked. Now, the entrepreneur can better plug SoftBank as a technology investment powerhouse, allowing him to focus his energies on the $100 billion Vision Fund.Shares of Sprint soared 74% to $8.33 at 9:56 a.m. in New York from Monday’s closing price of $4.80. T-Mobile gained 11% to $94.13.T-Mobile and Sprint haven’t renewed the merger agreement since it lapsed on Nov. 1. T-Mobile has suggested there could be new terms, including on the price. Before the merger can close, it still needs approvals from California’s utility board and a federal judge in Washington who must sign off on the Justice Department’s settlement allowing the deal.In his decision, Marrero rejected key arguments from the states: that the merged company would raise prices for lower quality service and that Sprint could remain as a viable competitor without the merger.“T-Mobile has redefined itself over the past decade as a maverick that has spurred the two largest players in its industry to make numerous pro-consumer changes,” the judge wrote. “The proposed merger would allow the merged company to continue T-Mobile’s undeniably successful business strategy for the foreseeable future.”Consumer advocates blasted the decision as dangerous for wireless subscribers even with a settlement approved by federal regulators that envision Dish Network Corp. entering the market as a new wireless competitor. With the core satellite-TV business in decline, Charlie Ergen, the Dish co-founder and chairman, has amassed a trove of airwaves to build a state-of-the-art wireless network.“Going from four established nationwide wireless networks to only three -- with the possibility that we might someday, eventually, get some version of a fourth network added back into the mix -- will be extremely damaging to competition,” George Slover, senior policy counsel at Consumer Reports, said.Marrero’s ruling is a major setback for New York Attorney General Letitia James and her California counterpart, Xavier Becerra, who led the litigation for states representing more than 40% of the U.S. population. James said in a statement her office is considering an appeal.“From the start, this merger has been about massive corporate profits over all else, and despite the companies’ false claims, this deal will endanger wireless subscribers where it hurts most: their wallets,” she said.The states argued without success that the merger would lead to billions of dollars in extra costs for consumers, with wireless customers in urban areas being hit particularly hard. They also said the deal wouldn’t work out as planned because Dish was unlikely to be able to follow through on its commitments to become a viable wireless competitor.During the two-week trial, Marrero at one point expressed doubt that the new T-Mobile would “be so bold” as to raise prices after the merger without also offering better service, pushing back on testimony by an expert hired by the states who predicted that customers of the four biggest providers could see combined increases of as much as $8.7 billion, with $4.6 billion from T-Mobile alone.The defense also presented evidence that Sprint couldn’t survive without the deal. Legere had testified that Sprint would be “sold for parts” if the merger didn’t go through.The states’ lawsuit was the last major hurdle to the deal after it was approved by regulators at the Federal Communications Commission and the Justice Department’s antitrust division. The states that sued had urged Marrero after the trial not to give any extra weight to the federal government’s decision, calling the government’s review of the deal “cursory.”\--With assistance from Chris Dolmetsch and Stefan Nicola.To contact the reporters on this story: David McLaughlin in Washington at firstname.lastname@example.org;Scott Moritz in New York at email@example.com;Erik Larson in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: David Glovin at email@example.com, ;Sara Forden at firstname.lastname@example.org, ;Nick Turner at email@example.com, Joe Schneider, Paula DwyerFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.