Key Developments: Verizon Communications Inc (VZ.N)

VZ.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Verizon Communications Inc reaffirms FY 2014 outlook
Tuesday, 22 Jul 2014 06:33am EDT 

Verizon Communications Inc:Continues to target consolidated top-line growth of 4 pct for FY 2014.Reported revenue of $120.5 billion in FY 2013.FY 2014 revenue of $125.3 billion - Thomson Reuters I/B/E/S.  Full Article

Verizon Communications Inc announces expiration and final results of exchange offer
Thursday, 26 Jun 2014 11:28am EDT 

Verizon Communications Inc:Says expiration and final results of previously announced private offer to exchange up to all of Cellco Partnership's and Verizon Wireless Capital LLC's 600,000,000 pounds outstanding aggregate principal amount of 8.875 pct Notes due Dec. 18, 2018.Exchange for Verizon's new sterling-denominated 4.073 pct notes due 2024 and an amount of cash.  Full Article

Verizon Communications Inc closes sale of $3.3 billion in notes
Wednesday, 11 Jun 2014 12:23pm EDT 

Verizon Communications Inc:Closes on sale of $1,300,000,000 Floating Rate Notes due 2017 and $2,000,000,000 1.35 pct Notes due 2017.Underwriters, including four minority, women and veteran-owned firms.These are Barclays Capital Inc. J.P. Morgan Securities LLC Morgan Stanley & Co. LLC Citigroup Global Markets Inc. Merrill Lynch, Pierce, Fenner & Smith Incorporated Blaylock Beal Van, LLC CastleOak Securities, L.P. Drexel Hamilton, LLC and Muriel Siebert & Co., Inc.  Full Article

Verizon Communications declares quarterly dividend
Thursday, 5 Jun 2014 11:55am EDT 

Verizon Communications Inc:Declared a quarterly dividend of 53 cents per outstanding share.Payable on Aug. 1, to shareowners of record on July 10.  Full Article

Verizon Communications Inc announces exchange offer
Thursday, 29 May 2014 07:48am EDT 

Verizon Communications Inc:Commences private offer to exchange up to all of Cellco Partnership's and Verizon Wireless Capital LLC's 600,000,000 pounds outstanding aggregate principal amount of 8.875 pct notes due Dec. 18, 2018 for Verizon's new sterling-denominated notes due 2024 and an amount of cash.Exchange offer is conditioned on at least 300,000,000 pounds aggregate principal amount of Existing Notes- being validly tendered.Exchange offer will expire on June. 25 unless extended by Verizon.Tenders of existing notes in the exchange offer may be validly withdrawn at any time on June 11 unless extended by Verizon, but not thereafter, unless additional withdrawal rights are required by law.Price for each 1,000 pounds principal amount of existing notes tendered in the exchange offer will be calculated on June 11 unless extended by Verizon.Exchange Offer is being conducted by Verizon upon the terms and subject to the conditions set forth in a confidential exchange offer memorandum, dated May 29.  Full Article

Medallia signs agreement with Verizon Communications Inc
Thursday, 8 May 2014 08:30am EDT 

Verizon Communications Inc:Medallia signed an agreement with Verizon Communications.To unify customer feedback across Verizon's wireline, wireless and enterprise business units.Verizon selected Medallia for its solution that captures Voice of the Customer feedback from millions of customers each day to deliver intuitive real-time insights and actions back to employees, enabling them to rapidly identify issues, improve processes, and resolve problems.  Full Article

Verizon Communications Inc reaffirms FY 2014 revenue guidance
Thursday, 24 Apr 2014 07:32am EDT 

Verizon Communications Inc:Continues to target consolidated top-line growth of 4 percent for FY 2014.Reported revenue of $120.5 billion in FY 2013.FY 2014 revenue of $124.1 billion - Thomson Reuters I/B/E/S.  Full Article

Cincinnati Bell to sell Wireless Spectrum Licenses to Verizon Wireless
Monday, 7 Apr 2014 07:00am EDT 

Cincinnati Bell Inc:Enters into agreements to sell wireless spectrum licenses and certain related assets to Verizon Wireless.Cash and an assumption of certain Cincinnati Bell liabilities with a total value to Cincinnati Bell of about $210 mln.Stephens Inc. is acting as sole financial advisor to Cincinnati Bell.Cravath, Swaine & Moore LLP is acting as legal counsel, and Bingham McCutchen LLP is acting as regulatory counsel to Cincinnati Bell in this transaction.  Full Article

Verizon Communications Inc approved share repurchase
Wednesday, 12 Mar 2014 08:00am EDT 

Verizon Communications Inc:Authorizes to repurchase up to 100 million shares of its common stock.  Full Article

Verizon Communications Inc declares quarterly dividend
Monday, 10 Mar 2014 03:00am EDT 

Verizon Communications Inc:Says declares a quarterly dividend of 53 cents per outstanding share, unchanged from the previous quarter.The dividend is to be paid on May 1 to shareowners of record at the close of business on Apr 10.  Full Article

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Verizon revenues top estimates on wireless surge

- Verizon Communications Inc, the largest U.S. wireless telecommunications company, on Tuesday reported better-than-expected quarterly revenue on a jump in wireless customers and a surge in tablet sales.

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