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Verizon Communications Inc (VZ.N)

VZ.N on New York Stock Exchange

44.23USD
21 Jul 2017
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$0.01 (+0.02%)
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Latest Key Developments (Source: Significant Developments)

Verizon no longer expects to be able to achieve an upgrade to pre-vodafone credit rating in 2018-2019 timeframe
Friday, 5 May 2017 08:28am EDT 

May 5 (Reuters) - Verizon Communications Inc : :Verizon - in Q1 earnings release, co indicated it was on track for return to pre-vodafone credit rating profile by 2018-2019 timeframe .Verizon- no longer expect to be able to achieve an upgrade to our pre-vodafone credit rating in 2018-2019 timeframe - .Verizon - expectation for return to pre-vodafone credit rating profile by 2018-2019 was based on then existing view rating agencies used to assess industry.Verizon - no longer expect to be able to achieve upgrade to pre-Vodafone credit rating as result of recent change in rating agencies' view on industry.  Full Article

Verizon launch FIOS Gigabit connection priced at $69.99 a month standalone
Monday, 24 Apr 2017 09:00am EDT 

April 24 (Reuters) - Verizon Communications Inc :Launched FIOS Gigabit connection priced at $69.99 a month standalone and starting at $79.99 a month for triple play bundle when ordered online.  Full Article

Verizon Communications Q1 earnings per share $0.84
Thursday, 20 Apr 2017 07:30am EDT 

April 20 (Reuters) - Verizon Communications Inc :Q1 earnings per share $0.84.Q1 revenue $29.8 billion versus i/b/e/s view $30.77 billion.Q1 earnings per share view $0.99 -- Thomson Reuters I/B/E/S.Q1 adjusted non-gaap earnings per share $0.95 excluding items.Verizon sees full-year 2017 consolidated revenues, on an organic basis, to be fairly consistent with 2016.Verizon sees consolidated capital spending for 2017 in range of $16.8 billion to $17.5 billion.Verizon - q1 wireless retail postpaid churn 1.15 percent versus 0.96 percent.Verizon sees full-year 2017 consolidated adjusted eps trends to be similar to consolidated revenue trends.Verizon - q1 net decline of 307,000 wireless retail postpaid connections versus wireless retail postpaid net additions 640,000 last year.Verizon - sees improvement in wireless service revenue and equipment revenue trends for fy 2017.Fy2017 earnings per share view $3.81, revenue view $124.53 billion -- Thomson Reuters I/B/E/S.  Full Article

Yahoo reports Q1 earnings per share $0.10
Tuesday, 18 Apr 2017 04:05pm EDT 

April 18 (Reuters) - Yahoo! Inc -:Yahoo reports first quarter 2017 results.Yahoo - company anticipates verizon deal closing to occur in june 2017.Yahoo - qtrly non-gaap earnings per share $0.18.Yahoo qtrly number of paid clicks decreased 12 percent compared to Q1 of 2016.Yahoo qtrly price-per-click increased 10 percent compared to q1 of 2016.Yahoo qtrly number of ads sold increased 2 percent compared to q1 of 2016.Yahoo qtrly price-per-ad remained same as q1 of 2016.Yahoo - qtrly earnings per share $0.10.Yahoo - qtrly gaap revenue $1,327 million versus $1,087 million.Yahoo - for q1 of 2017, change in revenue presentation contributed $304 million to each of gaap revenue and cost of revenue - tac.Q1 earnings per share view $0.14, revenue view $1.23 billion -- Thomson Reuters I/B/E/S.Yahoo - qtrly cost of revenue -tac $494 million versus $228 million.Yahoo - incurred security incidents costs of $11.3 million in q1.  Full Article

Verizon, Corning agree to three-year fiber deal for $1.05 bln - CNBC
Tuesday, 18 Apr 2017 11:01am EDT 

April 18 (Reuters) - :Verizon agrees to $1.05 billion fiber-optic cable deal to grow its Fios platform - CNBC.Verizon says Corning to provide and for Verizon to purchase up to 12.4 million miles of optical fiber each year beginning in 2018 through 2020 - CNBC.  Full Article

Verizon signs 3-year minimum purchase deal with Corning for fiber optic cable
Tuesday, 18 Apr 2017 11:01am EDT 

April 18 (Reuters) - Verizon Communications Inc ::Verizon agrees to $1.05 billion three-year minimum purchase agreement with Corning for next-generation optical solutions.Verizon - agreement calls for Corning to provide and Verizon to purchase up to 20 million kilometers of optical fiber each year from 2018 through 2020.Verizon says Corning expects the capacity expansions to begin to come online in 2017 and become fully operational in 2018.Verizon - agreement with Corning incorporated to provide fiber optic cable and associated hardware.  Full Article

Cinedigm signs deal with Verizon Digital Media Services
Wednesday, 12 Apr 2017 12:00pm EDT 

Cinedigm Corp : Cinedigm signs agreement with Verizon Digital Media Services to power linear stream distribution .Deal enables co to expand distribution of programmed linear streams direct to consumers as well as to television services.  Full Article

Verizon reorganizes customer groups within its wireline segment
Tuesday, 11 Apr 2017 08:26am EDT 

Verizon Communications Inc : Verizon - during Q1 2017, Verizon Communications Inc Reorganized customer groups within its wireline segment . Verizon - pursuant to reorganization, there are now four customer groups within wireline segment - SEC filing . Verizon - customer groups within wireline segment are consumer markets, enterprise solutions, partner solutions, business markets .Verizon - total wireline segment operating revenues remain unchanged from previously reported results for each of eight quarters ended Dec 31, 2016.  Full Article

Verizon changes operating structure
Friday, 31 Mar 2017 08:00am EDT 

Verizon Communications Inc : Verizon positions senior leadership to accelerate delivery of next-generation services . Verizon - announced a new operating structure focused on three areas: media and telematics, network and technology, and customer and product operations . Verizon - former Ericsson CEO Hans Vestberg to lead network and technology team .Verizon - Marni Walden to lead media and telematics; John Stratton to lead customer and product operations.  Full Article

Verizon prepares nationwide launch of live online TV service - BBG
Thursday, 30 Mar 2017 05:42pm EDT 

:Verizon Communications securing streaming rights from TV network owners in preparation for nationwide launch of live online TV service - Bloomberg.  Full Article

Major tech firms urge U.S. to retain net neutrality rules

WASHINGTON, July 17 A group representing major technology firms including Alphabet Inc and Facebook Inc urged the U.S. Federal Communications Commission on Monday to abandon plans to reverse the landmark 2015 rules barring internet service providers from blocking or slowing consumer access to web content.