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Verizon Communications Inc (VZ)

VZ on New York Consolidated

17 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Verizon to increase waterfall cap in its tender offers
Monday, 14 Aug 2017 08:06am EDT 

Aug 14 (Reuters) - Verizon Communications Inc :Verizon announces an increase to the waterfall cap in, early participation results of, and election of early settlement for, its tender offers for 29 series of notes of Verizon and certain of its subsidiaries.Verizon - ‍offers will expire on August 25, 2017 unless extended or earlier terminated by Verizon​.  Full Article

Straight Path stockholders approve merger with Verizon
Wednesday, 2 Aug 2017 05:14pm EDT 

Aug 2 (Reuters) - Straight Path Communications Inc ::Straight Path stockholders approve merger with verizon.Straight Path Communications Inc - ‍approximately 99% votes cast at special meeting of stockholders were in favor of proposal​.  Full Article

Verizon ‍named EIS contract solutions provider by U.S. General services administration​
Wednesday, 2 Aug 2017 10:15am EDT 

Aug 2 (Reuters) - Verizon Communications Inc ::Named an enterprise infrastructure solutions (EIS) contract solutions provider by U.S. General services administration​.  Full Article

Verizon to purchase infrastructure in Chicago market from Wideopenwest
Tuesday, 1 Aug 2017 05:05pm EDT 

Aug 1 (Reuters) - Verizon Communications Inc :Verizon- to purchase fiber network infrastructure in Chicago market from Wideopenwest; deal for $225 million‍​.Verizon- agreement includes additional $50 million in network investment for WOW to complete the build-out of its chicago network in second-half 2018‍​.  Full Article

Wideopenwest Inc to sell Chicago Fiber Network to Verizon​‍​
Tuesday, 1 Aug 2017 05:00pm EDT 

Aug 1 (Reuters) - Wideopenwest Inc :Wideopenwest Inc - to sell Chicago Fiber Network to Verizon​‍​.Says ‍a portion of proceeds are expected to be used to pay-down WOW!'s existing debt balances​.Wideopenwest Inc - deal for $225 million in cash.Wideopenwest says ‍WOW!, Verizon will enter into new agreement pursuant to which WOW! will complete build-out of network in exchange for about $50 million​.  Full Article

Verizon reports tender offers for 29 series of notes of co and certain units
Monday, 31 Jul 2017 08:05pm EDT 

July 31 (Reuters) - Verizon ::Verizon announces tender offers for 29 series of notes of verizon and certain of its subsidiaries.Commencement of 29 separate offers to purchase for cash up to $1.5 billion aggregate purchase price of outstanding series of notes.  Full Article

Verizon Communications Q2 earnings per share $1.07
Thursday, 27 Jul 2017 06:30am EDT 

July 27 (Reuters) - Verizon Communications Inc ::Q2 adjusted non-gaap earnings per share $0.96 excluding items.Q2 earnings per share $1.07.Q2 revenue $30.5 billion versus I/B/E/S view $29.91 billion.Q2 earnings per share view $0.96 -- Thomson Reuters I/B/E/S.Verizon sees ‍full-year 2017 consolidated revenues, on an organic basis, to be fairly consistent with 2016​.Verizon sees ‍full-year 2017 consolidated adjusted EPS trends to be similar to consolidated revenue trends​.Verizon sees ‍consolidated capital spending for 2017 to be in range of $16.8 billion to $17.5 billion​.Verizon - qtrly wireless retail postpaid net additions of 614,000 versus net additions of 615,000.Verizon - at quarter end wireless retail postpaid connections base grew 1.2 percent to 109.1 million, and retail prepaid connections grew 1.4 percent to 5.4 million​.Verizon - qtrly wireless retail postpaid churn 0.94 percent versus 0.94 percent.Verizon - "‍Verizon believes its service-revenue trend has flattened and expects an improving trend in second half​".  Full Article

Verizon says ‍new Moto Z(2) Force edition available for preorder from Verizon
Tuesday, 25 Jul 2017 11:30am EDT 

July 25 (Reuters) - Verizon Communications Inc :Verizon - ‍new Moto Z(2) force edition available for preorder from Verizon on Tuesday​.  Full Article

Verizon expects to record expenses of about $500 mln pre-tax in Q2
Thursday, 15 Jun 2017 10:23am EDT 

June 15 (Reuters) - Verizon Communications Inc ::Expects to record severance, acquisition and integration related expenses of approximately $500 million pre-tax in Q2 of 2017.Says expects to realize over $1 billion in cumulative operating expense synergies from Yahoo transaction through 2020 - SEC filing​.  Full Article

Verizon completes Yahoo acquisition, Mayer resigns from Yahoo
Tuesday, 13 Jun 2017 10:08am EDT 

June 13 (Reuters) - Verizon Communications Inc ::Verizon completes Yahoo acquisition, creating a diverse house of 50+ brands under new Oath subsidiary.Given inherent changes to Marissa Mayer's role with Yahoo resulting from closing of transaction, Mayer has chosen to resign from Yahoo.Tim Armstrong, former CEO of AOL, is now CEO of Oath, which is part of Verizon's media and telematics organization.  Full Article


Verizon to pay $17.7 million to resolve school broadband probe

WASHINGTON Verizon Communications Inc said on Tuesday it will pay $17.7 million to resolve a probe by U.S. regulators and the Justice Department into potential payment violations related to a federal school broadband program.