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VERIZON COMMUNICATIONS

(VZ)
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Verizon Communications Inc. Announces 5G Business Internet Business Expansion to 42 U.S. Cities

07/15/2021 | 08:30am EDT

Verizon Communications Inc. Business announced that 5G Business Internet, a fixed-wireless Internet offering for businesses of all sizes, is now available in parts of 42 U.S. cities, a rapid expansion from the previous total of 24 announced in April. Verizon Business is also offering a credit of up to $1,500 to offset early-termination fees for eligible customers switching to Verizon from another Internet provider, and the previously announced 10-year price lock guarantee for eligible new customers is still in effect. 5G Business Internet provides businesses with an alternative to cable Internet, a primary connectivity backbone to run their entire business, and a platform to help take advantage of burgeoning technology. The offering is powered by 5G Ultra Wideband and includes professional installation with no digging and a fast timeline to deployment. Expanded 5G Business Internet availability announced includes parts of Ann Arbor, MI; Akron, OH; Fresno, CA; Spokane, WA; Columbia, SC; Milwaukee, WI; Tampa, FL; St. Petersburg, FL; Memphis, TN; San Antonio, TX; Columbus, OH; Raleigh, NC; Durham, NC; Greensboro, NC; Seattle, WA; Tucson, AZ; Des Moines, IA; and New Orleans, LA. Previously announced cities are listed here. Additional cities will be announced on a rolling basis. 5G Business Internet complements Verizon Business’ portfolio of solutions including 5G mobility and 5G Edge mobile-edge computing, OneTalk voice communications, BlueJeans by Verizon video-collaboration platform, IoT, advanced security solutions, managed network-as-a-service and support offerings, SDN, and more. Customers also have access to enterprise-grade networking equipment, multiple price tiers and unlimited data. Information about pricing, service and more is available here. Fixed-wireless LTE Business Internet is also available from Verizon Business. Verizon recently announced expansions of 5G Home Internet and 5G Ultra Wideband and in June introduced On Site 5G, a private 5G network solution for enterprise and public sector.


© S&P Capital IQ 2021
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Financials (USD)
Sales 2021 135 B - -
Net income 2021 21 815 M - -
Net Debt 2021 144 B - -
P/E ratio 2021 10,4x
Yield 2021 4,66%
Capitalization 225 B 225 B -
EV / Sales 2021 2,73x
EV / Sales 2022 2,67x
Nbr of Employees 132 200
Free-Float 96,5%
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Mean consensus HOLD
Number of Analysts 27
Last Close Price 54,43 $
Average target price 60,45 $
Spread / Average Target 11,1%
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Managers and Directors
Hans Erik Vestberg Chairman & Chief Executive Officer
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Kyle J. Malady Chief Technology Officer & Executive VP
Shankar Arumugavelu Global Chief Information Officer
Craig Silliman Chief Administrative & Legal Officer, Executive VP
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