|Bid||56.52 x 2900|
|Ask||56.92 x 800|
|Day's Range||56.57 - 57.46|
|52 Week Range||50.05 - 61.58|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||14.62|
|Earnings Date||Aug 1, 2019|
|Forward Dividend & Yield||2.41 (4.21%)|
|1y Target Est||59.61|
Jul.18 -- Verizon Business Group CEO Tami Erwin discusses the launch of a 5G ultra wideband network in St. Paul. She speaks on "Bloomberg Daybreak: Americas."
Verizon (VZ) maintains its market-leading position with the launch of Inseego 5G hotspot, which is its fifth 5G-enabled device. The company also adds 5G Ultra Wideband mobility service in Saint Paul.
Increased 5G deployment, thrust on digital and media business along with focus on edge computing capabilities are likely to enable AT&T (T) to generate higher second-quarter 2019 revenues.
(Bloomberg) -- The largest U.S. telephone companies last year asked regulators to kill limits on the rates smaller carriers can be charged for connecting to the giants’ networks.Now the small carriers are claiming they have successfully defended the regulations as the Federal Communications Commission nears conclusion of a proceeding it has acted on in parts.“We see it as a huge victory,” said Chip Pickering, chief executive officer of the trade group Incompas. Its member companies that offer broadband service and need to connect through lines controlled by companies such as AT&T Inc. and Verizon Communications Inc.The regulations are designed to ensure small companies have access to lines that carry traffic for businesses, schools and homes -- and can use those connections to expand broadband competition by building new fiber links.USTelecom, a trade group with members including AT&T and Verizon, filed the petition with the FCC to eliminate rules in May 2018 and is claiming a partial victory.“We’re thrilled about the steps taken by the FCC to grant important parts” of the petition, Jonathan Spalter, chief executive officer of USTelecom, said in an interview.Eliminating the rules clears the way for more investment in modern networks, according to the trade group.1996 RulesIn its petition, USTelecom said more companies are offering service, undermining the need for the rules put in place in 1996, as the U.S. opened communications markets to more competition.For instance, companies subject to the rules served 186 million wholesale and retail land lines in 2000 compared with 35 million in 2018, according to the petition, which added that some 60% of U.S. households have turned to wireless service.“The mandates at issue here -- principally involving access to old copper network facilities and protections related to an extinct ‘long distance voice market’ -- are not necessary to protect competition or consumers,” USTelecom said in its petition.The agency eliminated some reporting requirements in April, and earlier this month lifted pricing regulations for lines that carry bulk business traffic in most of the country -- decisions that together represented “substantial and meaningful” progress, according to a blog post by Spalter.In June, USTelecom withdrew its request to remove rules around fiber lines that can carry signals from town to town, usually in less populated areas. And in July it withdrew its request to kill rules about local lines that can carry broadband.Copper LinesThe FCC must act on the remainder of USTelecom’s petition by Aug. 2, and Chairman Ajit Pai has recommended the agency remove rate mandates on old copper lines that provide voice service, according to a background document provided by the FCC.The FCC, while not commenting on the outcome, said in a statement that the issues that remain to be decided “were intended to open monopoly local phone companies to competition in voice services” and are no longer necessary.Incompas, representing the small service providers, says it scored victories with the withdrawals by USTelecom of portions of the petition in June and July. The trade group led a campaign that included letters from more than 9,000 customers to the FCC, where Pai has emphasized creating more broadband connections.“When it comes to fiber, they’re removing barriers,” said Pickering, the Incompas leader. “We won the case by being consistent with the commission’s priorities.”Spalter, the USTelecom chief, said his group would continue to make the case for lifting old rules. “As surely as the sun sets in the west, there will be time and space for the FCC to modernize the outdated rules, to make them reflect the competition that exists,” Spalter said.To contact the reporter on this story: Todd Shields in Washington at email@example.comTo contact the editors responsible for this story: Jon Morgan at firstname.lastname@example.org, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
AT&T's (T) 5G capabilities and Microsoft's Azure cloud facilitate exceptional solutions for mutual customers, and are likely to shape the future of media and communications.
BASKING RIDGE, N.J., July 18, 2019 -- Verizon offers the nation’s best network experience. That’s not according to us, or even multiple independent third party awards covering.
Inseego MiFi is the first 5G hotspot and fifth 5G-enabled device on Verizon’s 5G network St. Paul, MN joins Chicago, Denver, Minneapolis and Providence as a Verizon 5G mobility.
Banning pornography from Tumblr was not necessarily meant to define Verizon Media's strategy to turn around a collection of Internet has-beens. After Verizon Communications Inc, which owns media brands like Yahoo, AOL and social media site Tumblr, declared its media properties nearly worthless last year with a $4.6 billion write-down, the division of the U.S. telecoms giant is resurrecting the businesses as an antidote to the cesspool of the internet. "I want to build something that you'll 100% trust," Verizon Media Chief Executive Guru Gowrappan said in an interview last month.
Per the multi-year strategic alliance, AT&T (T) will leverage IBM's domain expertise to augment the internal software applications of AT&T Business division for seamless migration to IBM Cloud.
Verizon (VZ) and Ericsson (ERIC) exhibit how cloud native Evolved Packet Core technology can be crucial in increasing efficiency and utilization of the cloud infrastructure.
T-Mobile (TMUS) and Roambee aim to provide a comprehensive asset tracking solution that works exclusively on Narrowband Internet of Things network.
Growing demand for E-Series meters, ORION Cellular endpoints and BEACON Advanced Metering Analytics managed solution is likely to translate into higher second-quarter 2019 revenues for Badger Meter (BMI).
BASKING RIDGE, N.J., July 16, 2019 -- The gap between Verizon’s network performance and the other national wireless providers continues to grow, according to the latest.
Verizon Communications (VZ) closed the most recent trading day at $57.59, moving +0.7% from the previous trading session.
In a proof-of-concept trial in a live network environment, Verizon and Ericsson have introduced cloud native, container based technology on the core of Verizon’s active network. This trial, the first container-based wireless EPC (Evolved Packet Core) technology deployment in a live network in the world, introduces a much more efficient way to deliver operational applications that run the network. It is a solution that will increase agility and enable deployment at scale for new services in 4G and 5G. “The pace of technological advancement is rapid and is exponentially increasing. By evolving our core network past simply using virtualized machines and instead changing our underlying software architecture to run on cloud-native technology, we are able to achieve new levels of operational automation, flexibility and adaptability,” said Bill Stone, Vice President of Technology Development and Planning for Verizon.
NEW YORK, July 15, 2019 -- Verizon Communications Inc. (NYSE, NASDAQ: VZ) today announced that it will redeem the following outstanding notes (the “Notes”) on August 15, 2019.
While the rain continues to fall and waters rise, Verizon continues to keep loved ones and first responders connected with strong network performance at typical non-storm levels. As anticipated, flood waters are impacting the entire area and commercial power is out in many places throughout Louisiana, but back-up generators are running, providing power to our cell sites, and we have begun to refuel those generators to ensure facilities continue operating normally. Verizon is extending unlimited calling, texting and data to our postpaid, prepaid and small business customers impacted by the storm in the following 12 parishes through Friday, July 19: Assumption, Jefferson, Lafourche, Orleans, Plaquemines, Saint Bernard, Saint Charles, Saint James, Saint John the Baptist, Saint Martin, Saint Mary and Terrebonne.
(Bloomberg) -- Makan Delrahim, the U.S. Justice Department’s antitrust chief, is trying to shape a deal combining T-Mobile US Inc. and Sprint Corp. that he can pitch as a win for consumers. Here’s how he may do it.If the $26.5 billion deal is approved, it’s likely to include conditions that give satellite TV provider Dish Network Corp. enough airwaves, prepaid customers and network access to emerge as a new national wireless competitor.That would allow T-Mobile and financially struggling Sprint to merge and create a stronger No. 3 rival to AT&T Inc. and Verizon Communications Inc. Dish’s role would satisfy the government’s longstanding demand that there be four national mobile-service companies remaining.“The right deal could be a genuine win for consumers, and if Delrahim structures it right, the facts and history will stand by him,” said Jonathan Chaplin, an analyst with New Street Research LLC.The Justice Department is nearing a final decision. While the broad outline of an accord has been established, key issues are still being debated -- including possible limits on Dish’s ambitions as a wireless carrier. The company owns billions of dollars in unused airwaves that could be tapped to create an even more formidable competitor if it’s free to obtain sufficient outside investment to build its own network, according to people familiar with the matter.Under that broad outline, Sprint’s airwaves would land in more financially stable hands. The No. 4 U.S. carrier has the most mobile-phone spectrum in the U.S. but has limited ability to build a network given its years of losses and financial constraints. Combining with No. 3 T-Mobile would solve those problems.Opponents LurkEven if Delrahim gives his blessing, he’ll still have to convince opponents that consumers won’t see higher prices and fewer choices. One point he’ll likely to highlight is that the deal provides a path to putting Dish’s trove of airwaves to work. The department declined to comment.Skeptics point out that the track record for competitors created by divestitures has been dismal. French communications firm Iliad SA became Italy’s fourth carrier last year after buying assets divested by two larger rivals that merged. Iliad had an initial surge in subscriber growth, followed by a slowdown across the sector.“The premise that this deal will be good for everyone may be a little overly optimistic,” said Phil Berenbroick of Public Knowledge, a consumer advocacy group in Washington. “It’s obvious how harmful they think the deal is if they have to create a remedy as extravagant as this.”New KidThe shift to wireless will be a challenge for Dish, which is better known as the second-largest U.S. satellite TV provider. Dish has no experience selling phones or operating a mobile service. As part of the deal taking shape, the company would take over fewer than 9 million prepaid customers from Sprint to get its wireless business started. But that’s a tiny runway to competing against incumbent carriers with 10 times more subscribers.The future looks better for T-Mobile. With Sprint’s spectrum, it will have nearly twice the wireless capacity of any other carrier. The company’s cost per gigabyte, a measure of how expensive it is to deliver service, will be cut in half, Chaplin said.“If that isn’t a recipe for lower prices and share gains, I don’t know what is,” he said.Judgment DayThe merger has already won a nod from the chairman of the Federal Communications Commission, provided the combined company divests its Boost prepaid business, freezes prices and deploys a 5G network that would cover 99% of the U.S. population within six years.If the Justice Department approves, T-Mobile and Sprint would gain an important ally as they fight a lawsuit challenging the merger brought in June by 13 states and the District of Columbia. The states argue the tie-up will harm competition and lead to higher prices.Chaplin said investors may provide a crucial clue when the Justice Department announces its now-expected approval.“Watch what happens to the stock price of AT&T and Verizon on the day the deal is announced,” he said. “That will be the best litmus test of whether the deal is good for consumers, or not. If their stock prices fall, it is probably a good deal for consumers.”\--With assistance from Todd Shields.To contact the reporters on this story: Scott Moritz in New York at email@example.com;David McLaughlin in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Nick Turner at email@example.com, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Verizon Foundation makes $25,000 donation to Louisiana's Rapid Relief Fund **Editor’s Note: To access images and b-roll of past storms, Verizon equipment, recovery efforts and.