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MarketScreener Homepage  >  Equities  >  Nyse  >  Verizon Communications    VZ

VERIZON COMMUNICATIONS

(VZ)
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Verizon Communications : Calling all 5G supporters!

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02/11/2019 | 09:50am EDT

By: Ronan Dunne and Tami Erwin

Let's 5G!

5G is here and it will change everything. 2019 is the year 5G goes from blue-sky potential to concrete reality for millions of people and businesses across the country.

As leaders at Verizon, we're thrilled to see years of detailed planning, testing and collaboration come together to yield a true 5G network that's available today for both consumers and businesses. But we're more than business leaders. . .we're just as excited as parents, neighbors and active members in our communities to see how 5G will positively impact lives - in places like schools, hospitals and local businesses. 5G has the potential to make really big waves in exciting and life-enhancing spaces such as artificial intelligence, education, healthcare, robotics, virtual reality, augmented reality, autonomous vehicles, wearables and the Internet of Things (IoT).

Take a moment, step back and imagine if you were around during the emergence of the industrial revolution, when the first, simple steam engine was used to pull water from coal mines, or if you were present at the dawn of personal computing. We all know how these things have changed and helped improve the world. Can you even imagine a world today without the Internet? We fully believe that 5G can be just as powerful, as an agent of change, and not simply as a technology upgrade. It's a network that will help reduce the carbon footprint, and bring new jobs and new opportunities for learning. It's a network that'll offer societal benefits in a myriad of ways.

We know that there are lots of questions about a network that can support more than two million connected devices in a square mile while offering up to 20 times faster download speeds compared to 4G. It is our responsibility to listen to and respond to these questions.

As we deploy this great new network, we encourage local residents, community organizations, businesses and others to help us. We're inviting you to be a part of the Fourth Industrial Revolution.

Join our effort, called…Let's 5G! It's a simple, powerful platform that we've created to provide easy to digest information about 5G, while also connecting local residents and businesses to their elected officials who are making decisions about local 5G deployments. It's an opportunity for anyone who wants to be part of this revolution to join together in rolling out the next-generation of wireless technology.

We're excited about 5G, and want you to be as well. Let's 5G! is not a marketing gimmick. When we say 5G, we mean 5G, and we are committed to building a network that will support unique experiences for our customers, rather than simply deliver more of the same with a new name. This is hard work, and we're dedicated to that goal. We're in the middle of a multi-year journey to bring 5G to consumers and businesses. Join us and Let's 5G!

We're confident that our new effort will help highlight a once-in-a-generation technology that will transform how we live, learn, work and play. It's exciting, so come see what it's all about.

Let's 5G!

About the Authors: Ronan Dunne is president of Verizon's Consumer Group. Tami Erwin is president of Verizon's Business Group.

Disclaimer

Verizon Communications Inc. published this content on 11 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 February 2019 14:49:01 UTC

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Financials ($)
Sales 2019 132 B
EBIT 2019 31 066 M
Net income 2019 19 322 M
Debt 2019 106 B
Yield 2019 4,27%
P/E ratio 2019 12,30
P/E ratio 2020 11,86
EV / Sales 2019 2,59x
EV / Sales 2020 2,51x
Capitalization 236 B
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 59,4 $
Spread / Average Target 3,9%
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Managers
NameTitle
Hans Erik Vestberg Chief Executive Officer & Director
Lowell C. McAdam Chairman
Matthew D. Ellis Chief Financial Officer & Executive Vice President
Kyle J. Malady Chief Network Operations & Technology Officer
Nicola Palmer Head-Technology & Product Development
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