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Key Developments: Verizon Communications Inc (VZ)

VZ on New York Consolidated

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3 May 2016
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Latest Key Developments (Source: Significant Developments)

Verizon Communications Inc raises quarterly dividend 2.7 percent to 56.5 cents per share
Thursday, 3 Sep 2015 12:14pm EDT 

Verizon Communications Inc:Declared a quarterly dividend of 56.5 cents per outstanding share, an increase of 1.5 cents per share, or 2.7 percent, from the previous quarter.Quarterly dividend is payable on Nov. 2 to shareowners of record at the close of business on Oct. 9.  Full Article

Verizon Communications Inc's workers say no strike for now, union talks continue - Reuters
Saturday, 1 Aug 2015 08:00pm EDT 

Verizon Communications Inc:Says Verizon Communications Inc and the unions representing its wireline unit employees on the U.S. East Coast said work will go on and talks continue after their current contract expired - Reuters.Says Since June, the unions have been in talks with Verizon over the company's plans to cut costs by controlling healthcare and pension-related benefits over a three-year period.Last week, the Communications Workers of America (CWA) and International Brotherhood of Electrical Workers that represent over 37,000 wireline employees said they had voted to go on strike, if needed, after their contract expired on Aug. 1 at midnight.Says During the last round of contract negotiations in 2011, talks ended in a strike.Says The unions want extra benefits in addition to job security provisions.Says The CWA said that Verizon has not budged from its original proposal which they have said would increase workers' healthcare costs by thousands of dollars, eliminate job security and remove any restrictions on the company's right to contract out or offshore union jobs.Says Verizon presented the unions with a revised proposal on Saturday night that is on the table, the company said in a statement.  Full Article

Swisscom and Verizon Extend Global Partnership to Full Decade
Tuesday, 28 Jul 2015 09:00am EDT 

Verizon Communications Inc:Says three-year extension to Swisscom and Verizon's 2008 partnership agreement.  Full Article

Verizon Communications Inc gives Q3, FY 2015 revenue guidance
Tuesday, 21 Jul 2015 07:30am EDT 

Verizon Communications Inc:Expects higher year-over-year growth rate in Q3 2015 than in Q2 2015.Expects FY 2015 consolidated revenue growth of at least 3.0 pct.Reported revenue of $127.1 bln in FY 2015 and revenue of $31.586 bln in Q3 2014.Q3 2015 revenue of $32.865 bln - Thomson Reuters I/B/E/S.FY 2015 revenue of $131.298 bln - Thomson Reuters I/B/E/S.  Full Article

Verizon Communications and Scripps Networks Interactive turn up Mobile video offering with agreement
Thursday, 25 Jun 2015 08:30am EDT 

Verizon Communications:Verizon and Scripps Networks Interactive turn up Mobile video offering with agreement.Says multi-year content licensing agreement with Scripps Networks Interactive.Agreement includes content from Scripps Networks Interactive brands, will be available to Verizon wireless customers later this year.  Full Article

DigiCert acquires Verizon Enterprise SSL Business
Tuesday, 23 Jun 2015 08:00am EDT 

Verizon Communications Inc:Digicert acquires Verizon Enterprise SSL Business.Digicert - financial terms of the deal were not disclosed.  Full Article

Verizon Communications Inc offers hikes to 38,000 employees after starting union negotiations - Reuters
Sunday, 21 Jun 2015 08:00pm EDT 

Verizon Communications Inc:Says it offered salary hikes to 38,000 employee in its East wireline business after its first negotiating session with representatives of the Communications Workers of America and the International Brotherhood of Electrical Workers.Says the proposal for a three-year period included wage increases, cost controls for healtcare plans and pension-related benefits.Says the wage increases were subject to an agreement between the company and the unions.Says the company's union-represented employees in the East worked under 27 collective bargaining agreements in nine eastern states in the United States and Washington D.C.  Full Article

Verizon Communications Inc declares quarterly dividend
Thursday, 4 Jun 2015 11:39am EDT 

Verizon Communications Inc:Declares quarterly dividend of 55 cents per outstanding share.Payable on Aug. 3, to Verizon Communications shareowners of record at the close of business on July 10.  Full Article

Verizon Communication Inc to acquire AOL Inc
Tuesday, 12 May 2015 07:00am EDT 

Verizon Communication Inc:Says signing of an agreement to purchase AOL Inc.Acquisition for $50 per share -- an estimated total value of about $4.4 bln.  Full Article

Verizon Communications Inc declares quarterly dividend
Friday, 6 Mar 2015 01:00pm EST 

Verizon Communications Inc:Declares a quarterly dividend of 55 cents per outstanding share, unchanged from the previous quarter.Payable on May 1 to Verizon Communications shareowners of record at the close of business on April 10.  Full Article

BRIEF-Sprint posts Q4 loss per share $0.14

* Continues to expect approximately $1 billion of transformation program costs

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