Edition:
United States

Verizon Communications Inc (VZ.N)

VZ.N on New York Stock Exchange

54.39USD
18 Sep 2018
Change (% chg)

$-0.31 (-0.57%)
Prev Close
$54.70
Open
$54.47
Day's High
$54.80
Day's Low
$54.29
Volume
4,065,343
Avg. Vol
3,739,468
52-wk High
$55.42
52-wk Low
$43.97

Latest Key Developments (Source: Significant Developments)

Verizon Names K. Guru Gowrappan Oath CEO
Wednesday, 12 Sep 2018 02:00pm EDT 

Sept 12 (Reuters) - Verizon Communications Inc ::VERIZON NAMES K. GURU GOWRAPPAN OATH CEO.VERIZON - EFFECTIVE OCT 1, K. GURU GOWRAPPAN, WHO SERVED AS OATH'S PRESIDENT & COO SINCE APRIL, WILL ASSUME RESPONSIBILITIES AT OATH AS CEO.VERIZON - OATH FOUNDER TIM ARMSTRONG WILL BE LEAVING COMPANY AT END OF 2018.  Full Article

Verizon Commences 8 Separate Offers To Purchase For Cash Up To $2.5 Bln Of Outstanding Series Of Notes
Wednesday, 5 Sep 2018 05:30pm EDT 

Sept 5 (Reuters) - Verizon Communications Inc ::VERIZON ANNOUNCES TENDER OFFERS FOR 8 SERIES OF NOTES.VERIZON - COMMENCED 8 SEPARATE OFFERS TO PURCHASE FOR CASH UP TO $2.5 BILLION AGGREGATE PURCHASE PRICE OF OUTSTANDING SERIES OF NOTES.VERIZON - OFFERS WILL EACH EXPIRE AT 11:59 P.M. EASTERN TIME ON OCTOBER 2, 2018, UNLESS EXTENDED OR EARLIER TERMINATED BY VERIZON.  Full Article

Verizon Will Launch 5G In Houston In 2018
Tuesday, 24 Jul 2018 08:45am EDT 

July 24 (Reuters) - Verizon Communications Inc ::VERIZON WILL LAUNCH 5G IN HOUSTON IN 2018.VERIZON - PLANS TO LAUNCH 5G TECHNOLOGY IN HOUSTON STARTING IN SECOND HALF OF 2018.  Full Article

Verizon says Go90 will be discontinued on July 30 - Verizon Spokesperson
Thursday, 28 Jun 2018 06:12pm EDT 

June 28 (Reuters) - :VERIZON SAYS FOLLOWING THE CREATION OF OATH, GO90 WILL BE DISCONTINUED ON JULY 30 - VERIZON SPOKESPERSON.  Full Article

Verizon Sets Quarterly Dividend Of $0.59 Per Share
Thursday, 7 Jun 2018 11:50am EDT 

June 7 (Reuters) - Verizon Communications Inc ::SETS QUARTERLY DIVIDEND OF $0.59 PER SHARE.  Full Article

Synchronoss Renews Agreement To Power Verizon Cloud
Thursday, 22 Mar 2018 08:00am EDT 

March 22 (Reuters) - Synchronoss Technologies Inc ::SYNCHRONOSS RENEWS AGREEMENT TO POWER VERIZON CLOUD.SYNCHRONOSS TECHNOLOGIES INC - ‍RENEWED EXISTING AGREEMENT WITH VERIZON TO POWER VERIZON'S CLOUD SOLUTION FOR WIRELESS CUSTOMERS FOR ADDITIONAL 5 YEARS​.  Full Article

Verizon, CONCACAF Kick Off Multi-Platform Media Partnership
Tuesday, 27 Feb 2018 10:30am EST 

Feb 27 (Reuters) - Verizon Communications Inc ::VERIZON AND CONCACAF KICK OFF EXCLUSIVE MULTI-PLATFORM MEDIA PARTNERSHIP.ADDITIONAL TERMS OF DEAL WERE NOT DISCLOSED​.‍DEAL GIVES VERIZON EXCLUSIVE ENGLISH LANGUAGE RIGHTS TO DISTRIBUTE MULTIPLE CONFEDERATION CHAMPIONSHIPS​.DEAL TO DISTRIBUTE CONFEDERATION OF NORTH, CENTRAL AMERICAN AND CARIBBEAN ASSOCIATION FOOTBALL​ (CONCACAF) TOURNAMENTS ACROSS CO'S DIGITAL MEDIA PLATFORMS.PEOPLE IN CANADA, MEXICO AND CARIBBEAN WILL ALSO BE ABLE TO VIEW SELECT CONCACAF TOURNAMENTS ON CO'S DIGITAL PLATFORMS​.  Full Article

Bandwidth - Unit, Co And Verizon Services Entered Settlement Agreement
Friday, 9 Feb 2018 08:43am EST 

Feb 9 (Reuters) - Bandwidth Inc ::BANDWIDTH SAYS ON JAN 29, UNIT, CO AND VERIZON SERVICES, ON BEHALF OF ITSELF AND RELATED ENTITIES, ENTERED INTO SETTLEMENT AGREEMENT - SEC FILING.BANDWIDTH SAYS PURSUANT TO SETTLEMENT AGREEMENT, VERIZON MADE A $4.4 MILLION LUMP SUM PAYMENT TO CO ON FEB 8.BANDWIDTH SAYS ENTERED SETTLEMENT AGREEMENT TO RESOLVE ONGOING DISPUTE, LITIGATION WITH VERIZON, WHICH IS CARRIER ACCESS BILLING CUSTOMER OF CO.BANDWIDTH - SETTLEMENT AGREEMENT ALSO RESOLVED VERIZON'S COUNTER-CLAIMS AGAINST CO.BANDWIDTH - FOLLOWING LUMP SUM PAYMENT, CO WILL ISSUE TO VERIZON BILL CREDITS WITH RESPECT TO OTHER CABS AMOUNTS PREVIOUSLY BILLED TO VERIZON.  Full Article

Oath Says Kathryn Friedrich To Be Appointed Chief Business Officer of Ryot Studio
Monday, 29 Jan 2018 07:00am EST 

Jan 29 (Reuters) - Oath::OATH NAMES KATHRYN FRIEDRICH HEAD OF RYOT STUDIO AND KAREN SCHMIDT HEAD OF B2B FIELD MARKETING.OATH SAYS KATHRYN FRIEDRICH WILL JOIN COMPANY AS CHIEF BUSINESS OFFICER, RYOT STUDIO.OATH SAYS KAREN SCHMIDT HAS BEEN APPOINTED VICE PRESIDENT, HEAD OF B2B FIELD MARKETING.  Full Article

Verizon Q4 Adj. EPS $0.86
Tuesday, 23 Jan 2018 07:00am EST 

Jan 23 (Reuters) - Verizon Communications Inc ::Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.86 EXCLUDING ITEMS.Q4 REVENUE $34 BILLION VERSUS I/B/E/S VIEW $33.29 BILLION.Q4 EARNINGS PER SHARE VIEW $0.88 -- THOMSON REUTERS I/B/E/S.QTRLY EARNINGS PER SHARE ‍$4.56​.TAX-REFORM LEGISLATION WILL HAVE A POSITIVE IMPACT TO CASH FLOW FROM OPERATIONS IN 2018 OF ABOUT $3.5 BILLION TO $4 BILLION.WILL ALSO BE INCREASING CONTRIBUTIONS TO VERIZON FOUNDATION BY $200 MILLION TO $300 MILLION OVER NEXT TWO YEARS​.‍FOURTH-QUARTER 2017 ADJUSTED EPS INCLUDED A NET PRE-TAX LOSS FROM SPECIAL ITEMS OF ABOUT $2.6 BILLION​.CUMULATIVE NET IMPACT FROM ITEMS, AFTER TAX, WAS APPROXIMATELY $15.2 BILLION, OR $3.71 PER SHARE, IN FOURTH-QUARTER 2017​.QTRLY WIRELESS RETAIL POSTPAID NET ADDITIONS ‍1.2 MILLION​ VERSUS 591,000 REPORTED LAST YEAR.QTRLY WIRELESS RETAIL POSTPAID CHURN ‍1.00​ PERCENT VERSUS 1.10 PERCENT REPORTED LAST YEAR.SEES ‍FULL-YEAR 2018 CONSOLIDATED REVENUES WILL GROW AT LOW-SINGLE-DIGIT PERCENTAGE RATES ON A GAAP BASIS​.ON A GAAP BASIS, VERIZON EXPECTS SERVICE REVENUE GROWTH TO TURN POSITIVE AROUND END OF 2018 OR EARLY 2019​.SEES FOR 2018, LOW SINGLE-DIGIT PERCENTAGE GROWTH IN ADJUSTED EPS​.CAPITAL SPENDING FOR 2018 WILL BE IN RANGE OF $17.0 BILLION TO $17.8 BILLION, INCLUDING COMMERCIAL LAUNCH OF 5G​.EXPECTED SAVINGS FROM TAX REFORM EXPECTED TO YIELD A 55 TO 65 CENT INCREASE IN 2018 EPS,NET OF IMPACTS FROM EMPLOYEE, FOUNDATION INITIATIVES​.  Full Article

Photo

Verizon names new CEO for Oath

Verizon Communications Inc on Wednesday named K. Guru Gowrappan as the new chief executive officer of its media and advertising business, Oath, replacing Tim Armstrong.