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4-Traders Homepage  >  Equities  >  Nyse  >  Verizon Communications Inc.    VZ

Delayed Quote. Delayed  - 08/29 10:01:12 pm
52.5 USD   +0.83%
05:56p VERIZON COMMUNI : Mobile users in 461 cities today get 50% faster pe..
05:46p VERIZON COMMUNI : Mobile users in 461 cities today get 50 percent fa..
04:23p VERIZON COMMUNI : One Talk integrates office and mobile devices for ..
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Verizon Communications : Mobile users in 461 cities today get 50% faster peak speeds at no extra cost. Introducing Verizon LTE Advanced.

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08/29/2016 | 05:56pm CEST

NEW YORK, Aug. 29, 2016 /PRNewswire/ -- Verizon announced today it has launched LTE Advanced technology to bring 50% faster peak wireless data speeds to more than 288 million people in 461 cities from coast to coast. Verizon LTE Advanced hits all the major cities, and covers loads of less-served places including highways, interstates, country roads and rural America. So customers don't need to stay in one place to get great high speed connections, they can use their mobile devices to actually be mobile and head to the places they work, vacation and want to go.

Experience the interactive Multimedia News Release here: https://www.multivu.com/players/English/7814954-verizon-lte-advanced-network

"Our customers just received a major network enhancement for no additional cost," said Tami Erwin, head of operations for Verizon's wireless unit. "Verizon LTE Advanced works like a turbocharger on an engine. Speed boosts kick in when you need it most, with big data use. That's when you get the big peak boost of Verizon LTE Advanced."

Verizon LTE Advanced uses software that combines multiple channels to speed mobile data over the network more quickly than ever before. The result is 50% faster peak speeds in cities nationwide for Verizon customers using one of the 39 LTE Advanced-capable phones and tablets already on Verizon's network - including top-selling Samsung Galaxy S6 and S7 smartphones, Moto Droids and Apple iPhones. As new devices from Apple, Samsung, LG and other manufacturers are introduced, they will be LTE Advanced-capable right out of the box.

Customers with a phone or tablet with LTE Advanced capabilities and the most recent software will benefit from these enhancements without effort or additional costs. There are no extra plan costs, no settings to change, no indicators to check.

How it works.

Verizon LTE Advanced uses software to combine two or three bandwidth channels into one larger channel to send data sessions over the most efficient route to completion. This technology is called carrier aggregation and uses a combination of 700 MHz, AWS, and PCS spectrum.

"Verizon LTE Advanced means your data session moves more quickly over the best network," said Nicki Palmer, Verizon's chief wireless network engineer. "Imagine a road with multiple lanes in which, once you pick a lane, that's the lane you drive in. That describes our award-winning 4G LTE network. Continuing the metaphor, Verizon LTE Advanced allows cars to change lanes efficiently and flawlessly, balancing the flow of traffic and getting drivers to their destinations more efficiently. That means blindingly fast data transmissions when you need it most."

LTE Advanced currently uses a combination of two- and three-carrier aggregation. Customers will continue to enjoy typical download speeds of 5 - 12 Mbps, but two-channel carrier aggregation has shown peak download speeds of up to 225 Mbps, far exceeding the current speeds being experienced by wireless data networks nationwide. While the speeds of two channel carrier aggregation provide a leap forward, three-channel carrier aggregation provides even greater efficiency. Verizon engineers deploying three-channel carrier aggregation have experienced speeds greater than 300 Mbps.

In 2003, Verizon was the first wireless company to launch 3G, bringing it from coast to coast by 2005. In 2010, customers across the country were first to experience the newest mobile technology - 4G LTE. "With Verizon LTE Advanced, we're bringing the next generation of wireless technology to the market, coast to coast," said Palmer. "We're already in 461 markets and we're already underway deploying three channel carrier aggregation."

Verizon provides the best customer experience, built on the nation's most award-winning network. Today's announcement of Verizon LTE Advanced technology in 461 cities on the Verizon network coast to coast, increasing peak speeds by up to 50% at no additional cost, adds even greater value. Verizon's network is the most award-winning network for its speed, consistently reliable performance, and hundreds of thousands of square miles more 4G LTE coverage than the next-closest competitor. To learn more about Verizon LTE Advanced, visit https://www.verizonwireless.com/featured/lte-advanced

Verizon LTE Advanced Marketing Campaign

The Verizon LTE Advanced announcement is supported by a broad mass and social media campaign, including a new television ad that premieres tonight at shortly after 8:30 pm ET across major television networks including ABC, CBS, CWN, FOX and NBC. For a sneak peek of the commercial, please visit https://youtu.be/kI_vAAR6_Q8.

Media contacts:
Kelly Crummey
908-268-7402
Kelly.Crummey@verizon.com
Twitter: @kcrummey

Karen Schulz
864-987-2006
Karen.Schulz@VerizonWireless.com
Twitter: @VZWKarenS

Local market contacts:
Carolyn Schamberger
National Field Operations
847.204.4282 / carolyn.schamberger1@verizonwireless.com / @cschamz

Andrew Testa
Connecticut, Delaware, New Hampshire, New Jersey, New York, Maine, Massachusetts, Pennsylvania, Rhode Island and Vermont
908.626.8339 / andrew.testa@verizonwireless.com / @andrewtesta

Kate Jay
Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Tennessee, Virginia and Washington, D.C.
678.339.4828 / Kate.Jay@VerizonWireless.com / @KateHarrisJay

Steve Van Dinter
Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, West Virginia and Wisconsin
847.706.1791 / Steven.VanDinter@verizonwireless.com / @svandinter

Jeannine Brew
Arizona, Arkansas, Louisiana, Mississippi, Nevada, New Mexico, Oklahoma and Texas
972.444.5233 / jeannine.brew@verizonwireless.com / @jeanninebrew

Meagan Dorsch
Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, South Dakota, Utah and Wyoming
303.694.8990 / Meagan.Dorsch@VerizonWireless.com /@MeaganDPR

Heidi Flato
Alaska, California, Hawaii, Oregon and Washington
925.279.6545 / heidi.flato@verizonwireless.com / @heidiflato

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, has a diverse workforce of nearly 162,700 and generated nearly $132 billion in 2015 revenues. Verizon operates America's most reliable wireless network, with 113.2 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and the nation's premiere all-fiber network, and delivers integrated business solutions to customers worldwide.

VERIZON'S ONLINE NEWS CENTER: News releases, feature stories, executive biographies and media contacts are available at Verizon's online News Center at www.verizon.com/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

https://www.multivu.com/players/English/7814954-verizon-lte-advanced-network/image/infographic-welcome-to-the-next-gen-network-2-HR.jpg

http://photos.prnewswire.com/prnvar/20160527/373129LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/mobile-users-in-461-cities-today-get-50-faster-peak-speeds-at-no-extra-cost-introducing-verizon-lte-advanced-300319332.html

SOURCE Verizon

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Financials ($)
Sales 2016 126 665 M
EBIT 2016 27 657 M
Net income 2016 13 030 M
Debt 2016 98 692 M
Yield 2016 4,38%
P/E ratio 2016 15,84
P/E ratio 2017 12,88
EV / Sales 2016 2,45x
EV / Sales 2017 2,39x
Capitalization 212 253 M
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Verizon Communications Inc Technical Analysis Chart | VZ | US92343V1044 | 4-Traders
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Mean consensus HOLD
Number of Analysts 31
Average target price 54,3 $
Spread / Average Target 4,2%
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Managers
NameTitle
Lowell C. McAdam Chairman, President & Chief Executive Officer
John G. Stratton Executive Vice President & President-Operations
Francis J. Shammo Chief Financial Officer & Executive Vice President
Roger Gurnani Chief Information Officer & Executive VP
Donald T. Nicolaisen Independent Director
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