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Verizon Communications Inc (VZ.N)

VZ.N on New York Stock Exchange

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26 Apr 2018
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Latest Key Developments (Source: Significant Developments)

Synchronoss Renews Agreement To Power Verizon Cloud
Thursday, 22 Mar 2018 

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 

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 

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 

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 

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

Verizon Estimates About $4.10 Impact To EPS From TCJA
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Verizon Communications Inc ::VERIZON - ESTIMATES ENACTMENT OF TCJA WILL RESULT IN A ONE-TIME REDUCTION IN NET DEFERRED INCOME TAX LIABILITIES OF ABOUT $16.8 BILLION.VERIZON - FOR YEAR ENDING DEC. 31, 2017, IMPACT OF TCJA TO CO'S EARNINGS PER SHARE IS ESTIMATED TO BE ABOUT $4.10.VERIZON - IMPACT FROM ENACTMENT OF TCJA TO BE REFLECTED IN INCOME FROM CONTINUING OPERATIONS WHICH WILL INCREASE EARNINGS FOR Q4, YEAR ENDING DEC 31, 2017‍​.VERIZON - ADOPTION OF NEW ACCOUNTING STANDARD WILL HAVE A SIGNIFICANT IMPACT ON 2018 OPERATING RESULTS.VERIZON - DURING Q1 2018, WILL RECORD A CUMULATIVE ADJUSTMENT TO RETAINED EARNINGS DUE TO ADOPTION OF NEW ACCOUNTING STANDARD.VERIZON - ESTIMATE IMPACT FROM NEW ACCOUNTING STANDARDS ON 2018 PRETAX RETAINED EARNINGS INCREASE BY $4.0 BILLION - $4.6‍​ BILLION.VERIZON - FOR YEAR ENDING DEC 31, 2017, IMPACT OF TCJA TO VERIZON’S EARNINGS PER SHARE IS ESTIMATED TO BE APPROXIMATELY $4.10‍​.VERIZON -SEES OVERALL IMPACT FROM OPENING BALANCE SHEET ADJUSTMENT,ONGOING IMPACT FROM NEW CONTRACTS TO RESULT IN INSIGNIFICANT CHANGE TO 2018 REVENUE.VERIZON - AT PRESENT, DO NOT ESTIMATE ANY MATERIAL IMPACTS FROM EITHER REPATRIATION TAX OR IMPLEMENTATION OF TERRITORIAL TAX SYSTEM‍​.  Full Article

Verizon Says Acquired Privately Held Niddel Corp
Friday, 5 Jan 2018 

Jan 5 (Reuters) - Verizon Communications Inc ::VERIZON SAYS ACQUIRED PRIVATELY HELD NIDDEL CORP; TERMS OF TRANSACTION WERE NOT ANNOUNCED‍​.  Full Article

Verizon And A+E Networks Expand Partnership
Wednesday, 3 Jan 2018 

Jan 3 (Reuters) - Verizon Communications Inc ::VERIZON AND A+E NETWORKS® EXPAND PARTNERSHIP ACROSS VERIZON’S FAMILY OF MEDIA BRANDS.VERIZON - ‍ PARTNERSHIP WILL INCLUDE FIRST WINDOW RIGHTS FOR CONTENT FROM 45(TH) & DEAN, A+E NETWORKS' DIGITAL ENTITY​.  Full Article

Teresa Elder Joins WideOpenWest As CEO
Thursday, 14 Dec 2017 

Dec 14 (Reuters) - WideOpenWest Inc ::TERESA ELDER JOINS WIDEOPENWEST AS CEO.WIDEOPENWEST INC- AUTHORIZED A STOCK REPURCHASE PROGRAM, COMMENCING IMMEDIATELY, TO REPURCHASE AN AGGREGATE OF $50 MILLION OF COMMON STOCK.WIDEOPENWEST INC - ELDER SUCCEEDS STEVEN COCHRAN, WHO IS RETIRING FROM CO.WIDEOPENWEST INC- ELDER SUCCEEDS STEVEN COCHRAN.WIDEOPENWEST INC - COCHRAN WILL STAY ON IN AN ADVISORY ROLE WITH CO THROUGH JUNE 30, 2018.WIDEOPENWEST INC - REPURCHASE PROGRAM IS EXPECTED TO BE EXECUTED OVER NEXT TWELVE MONTHS.WIDEOPENWEST - CO, VERIZON ENTERED NEW CONSTRUCTION AGREEMENT PURSUANT TO WHICH CO TO COMPLETE BUILD-OUT OF NETWORK IN EXCHANGE FOR ABOUT $50 MILLION.WIDEOPENWEST SAYS FINAL BUILD-OUT OF NETWORK IS EXPECTED TO BE COMPLETED DURING H2 2018.  Full Article

Verizon Awards 5G Contract To Ericsson
Monday, 11 Dec 2017 

Dec 11 (Reuters) - Telefonaktiebolaget Lm Ericsson ::VERIZON AWARDS 5G CONTRACT TO ERICSSON.ERICSSON - VERIZON HAS SELECTED CO TO PROVIDE NETWORKING EQUIPMENT FOR THEIR COMMERCIAL 5G LAUNCH.ERICSSON - VERIZON WILL DEPLOY PRE-STANDARD 5G COMMERCIAL RADIO NETWORK AND 5G CORE NETWORK IN SELECT MARKETS IN SECOND HALF OF 2018.  Full Article

EXCLUSIVE-T-Mobile, Sprint make progress in talks, aim for deal next week -sources

April 26 U.S. wireless carriers T-Mobile US Inc and Sprint Corp have made progress in negotiating merger terms and are aiming to successfully complete deal talks as early as next week, people familiar with the matter said on Thursday.