Verizon Communications has acquired Frontier Communications in a $20 billion all-cash deal, boosting its fiber network and broadband services nationwide. The acquisition, expected to close in 18 months, will integrate Frontier’s 2.2 million fiber subscribers and 7.2 million fiber locations with Verizon’s existing infrastructure, creating a significant expansion of Verizon’s fiber footprint and bolstering its delivery of premium services.
Amidst market volatility, investors often turn to dividend-yielding stocks. This article highlights the latest analyst ratings for three high-yielding companies in the communication services sector: Verizon, AT&T, and TEGNA. The information is sourced from Benzinga’s database of analyst ratings and their accuracy rates.
AST SpaceMobile, a company aiming to bring cellular service to remote areas, reported a loss for the second quarter but also highlighted a significant strategic investment from Verizon. The company also provided updates on its satellite launch progress.
As travel demand surges this summer, Verizon steps in to ensure a smooth and connected journey for travelers. From unlimited international plans to eco-friendly battery packs and cloud storage, Verizon provides a comprehensive suite of tools and services to keep travelers connected and entertained throughout their adventures.
Verizon has been fined $1.05 million by the FCC for multiple 911 outages in 2022, including one lasting almost two hours that affected several states. The FCC emphasizes the importance of reliable 911 access and is taking action to ensure service providers uphold their responsibilities.
Despite Google’s June Pixel update rollout beginning on June 11th, T-Mobile and Verizon users are still waiting for the update as of June 18th. This has caused frustration among some users who are eager to access new features like Gemini Nano and enhanced Find My Device functionality. Google has stated that the update will be rolled out in phases, but the delay has raised questions about why carrier affiliation impacts update timing.
Glance, an Indian startup with a lockscreen platform for Android smartphones, is targeting the U.S. market. It has partnered with Motorola and Verizon for a pilot program, and plans a full launch later this year. Glance’s platform offers users a customized feed of news, local events, and other content without requiring additional app installation. It has gained traction in India, Southeast Asia, and Japan. The company is not collecting personal data of users, relying instead on usage patterns to inform its recommendation engine. It is collaborating with Qualcomm to develop an AI-powered lockscreen experience and reduce data consumption.
The stock market rebounded after last week’s decline, helped by easing geopolitical tensions and upcoming earnings reports from major companies. The Dow Jones Industrial Average rose 0.7%, the S&P 500 added 0.9%, and the Nasdaq Composite gained 1.1%. Investors had been concerned about higher interest rates and mixed quarterly results, but this week’s news seems to have eased those concerns. However, Tesla shares continued to decline after the company cut prices in China and Germany, and Verizon disappointed with its quarterly revenue growth. Several major events could cause choppy trading in the days ahead, including earnings reports from Big Tech companies and the release of inflation data.
Mobile carriers often advertise generous discounts and trade-in offers for smartphones, but it’s crucial to carefully examine the details before committing. Hidden charges and conditions can make these deals less appealing than they initially seem. This article explores the fine print of carrier deals, providing a real-world example and a spreadsheet tool to help readers calculate the true cost of smartphone ownership.
Verizon Communications (VZ) reported better-than-expected wireless subscriber additions and financial results in the first quarter of 2023. Despite losing 68,000 wireless subscribers, below analyst estimates, the company’s wireless service revenue grew 3.3% to $19.5 billion, driven by pricing adjustments and higher premium plans. Adjusted earnings per share (EPS) declined from $1.20 to $1.15, but surpassed expectations of $1.12. Total revenue increased slightly by 0.2% to $33 billion, shy of analyst expectations. Verizon remains optimistic about the future, expecting continued wireless service revenue growth and adjusted EPS within the range of $4.50 to $4.70.
