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Verizon Communications Inc (VZ.N)

VZ.N on New York Stock Exchange

52.74USD
17 Jan 2017
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Latest Key Developments (Source: Significant Developments)

Yahoo Inc board names Eric Brandt as chairman of boards
Monday, 9 Jan 2017 05:55pm EST 

Yahoo! Inc - : Board determined, effective January 9, Eric Brandt will become chairman of board and Maynard Webb will become chairman emeritus of board . Board made certain determinations with respect to size, composition following closing of sale of co's operating business to verizon . Board determined that, following deal closing, it intends to cause company's name to be changed to Altaba Inc . David Filo, Eddy Hartenstein, Richard Hill, Marissa Mayer, Jane Shaw, Maynard Webb has said that he or she intends to resign from board upon closing of deal .Board has determined that, immediately following closing of deal, size of board will be reduced to five directors.  Full Article

Vodafone says buys $2.5 bln worth notes issued by Verizon
Wednesday, 7 Dec 2016 10:22am EST 

Vodafone Group Plc : Repurchased outstanding $2.5 bln aggregate principal amount of floating rate notes due 2022 issued by Verizon .Notes were issued by Verizon to an indirect subsidiary of Vodafone on Feb. 21, 2014.  Full Article

Equinix to acquire portfolio of 24 data center sites from Verizon in $3.6 bln deal
Tuesday, 6 Dec 2016 08:00am EST 

Equinix Inc - : Says 24 sites consist of 29 data center buildings across 15 metro areas . Acquired portfolio includes approximately 900 customers . Proposed transaction is expected to be immediately accretive to adjusted funds from operations per share upon close . Approximately 250 verizon employees, primarily in operations functions of acquired data centers, will become Equinix employees. . Addition of strategic facilities will increase interconnection in U.S. And Latin America; opening three new markets in Bogotá, Culpeper and Houston . Equinix to acquire portfolio of 24 data center sites from Verizon in $3.6 billion deal . Acquired portfolio includes approximately 900 customers . Transaction is expected to close by mid-2017, subject to satisfaction of customary closing conditions. . Deal involves 24 sites consist of 29 data center buildings across 15 metro areas. . Proposed transaction is expected to be immediately accretive to our adjusted funds from operations per share upon close .Equinix to acquire portfolio of 24 data center sites from Verizon in $3.6 billion deal.  Full Article

Verizon Communications sets quarterly dividend at $0.5775 per share
Thursday, 1 Dec 2016 01:20pm EST 

Verizon Communications Inc :Sets quarterly dividend of $0.5775 per share.  Full Article

Verizon buys New York-based LQD WiFi
Monday, 14 Nov 2016 10:11am EST 

Verizon Communications Inc : Verizon acquires LQD WiFi to humanize the citizen engagement experience .Terms of transaction have not been disclosed.  Full Article

Verizon is closing call centers in five states, including home state of New York - NYT
Thursday, 13 Oct 2016 08:20am EDT 

Verizon Communications Inc : Verizon is closing call centers in five states, including its home state of new york - NYT .Verizon consolidation of call centers will impact about 3,200 workers near Rochester and New York City; Bangor, Maine; Lincoln, Nebraska; Wallingford and Meridan, Connecticut, and Rancho Cordoba, California- NYT.  Full Article

Verizon is pushing for a $1 bln discount off its pending $4.8 bln agreement to buy Yahoo - NY Post, citing several sources
Thursday, 6 Oct 2016 06:00pm EDT 

:Verizon is pushing for a $1 billion discount off its pending $4.8 billion agreement to buy Yahoo - NY Post, citing several sources.  Full Article

AOL and American Family Insurance sign 360° and virtual reality video partnership
Monday, 26 Sep 2016 05:52am EDT 

Verizon Communications Inc :AOL and American Family Insurance sign 360° and virtual reality video partnership.  Full Article

Yahoo says information associated with at least 500 mln user accounts stolen
Thursday, 22 Sep 2016 02:43pm EDT 

Yahoo Inc : An important message to yahoo users on security . Yahoo is notifying potentially affected users and has taken steps to secure their accounts . Yahoo Inc Says Investigation Has Found No Evidence That State Sponsored actor is currently in Yahoo's network . Yahoo is working closely with law enforcement on the matter . Yahoo Inc says "is also recommending that users who haven't changed their passwords since 2014 do so" . Steps to secure accounts include invalidating unencrypted security questions and answers so that they cannot be used to access an account . Steps to secure accounts also include asking potentially affected users to change their passwords . Account information stolen may have included names, email addresses, telephone numbers, dates of birth, hashed passwords . Yahoo Inc says Yahoo believes that information associated with at least 500 million user accounts was stolen . Recent investigation by yahoo has confirmed that a copy of certain user account information was stolen from network in late 2014 . Encourages users to review their online accounts for suspicious activity . Ongoing investigation suggests stolen information did not include unprotected passwords, payment card data, or bank account information . Encourages users to change their password and security questions and answers for any other accounts.  Full Article

Verizon Communications files for offering of $2.06 mln of notes
Friday, 2 Sep 2016 05:06pm EDT 

Verizon Communications Inc : Files for offering of $2.06 million of notes due 2046 - SEC filing Source: (http://bit.ly/2c1avA2) Further company coverage: [VZ.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

BRIEF-Yahoo says will not have earnings call for results for quarter and FY ended Dec. 31

* Yahoo-Due to pending deal with Verizon, co will not have an earnings call or webcast for its results for quarter and full year ended December 31, 2016 Source text for Eikon: Further company coverage: [YHOO.O VZ.N]