Verizon in Talks to Sell $3.3 Billion Mobile Tower Assets to Vertical Bridge
Verizon Communications is in advanced talks to sell 6,339 mobile phone towers to Vertical Bridge for approximately $3.3 billion, marking a strategic move to optimize its asset portfolio. The deal includes a decade-long leaseback arrangement, allowing Verizon to maintain operational control while monetizing its infrastructure. This transaction highlights a broader trend in the telecommunications industry as companies focus on core business areas and enhance network capabilities. Industry analysts are closely watching the developments, which could influence future investment strategies.
Telecom Sector Set for Growth with 5G Technology Expansion
The telecommunications sector is experiencing significant growth driven by the rollout of 5G technology. Major players like T-Mobile US, Verizon, and AT&T are strategically positioned to capitalize on the increasing demand for high-speed connectivity. With the global 5G infrastructure market projected to reach $590.18 billion by 2032, investors should consider these telecom stocks for promising returns as they lead the charge in 5G deployment.
Yago Tenorio Leaves Vodafone to Join Verizon as CTO
Santiago ‘Yago’ Tenorio departs Vodafone after nearly 30 years to join Verizon as Chief Technology Officer. Known for his leadership in Open RAN and 5G innovations, Tenorio’s move is expected to enhance Verizon’s technological capabilities amidst the evolving telecommunications landscape.
Verizon Faces Widespread Service Disruptions as Customers Report SOS Mode Issues
Verizon customers are facing significant service disruptions, with over 49,000 outage reports as users find their phones in SOS mode. The issue, which began around 10:00 a.m. ET, has led to frustrations on social media as many struggle to make calls. Verizon is aware of the situation and is actively working to resolve the network issues, although the exact cause remains unclear. Affected users are encouraged to stay updated through Verizon’s official channels.
AT&T and Verizon Face Phone Call Outage Across US
AT&T and Verizon are facing an outage impacting phone calls across the United States. AT&T is working to resolve the issue while Verizon customers in the Northeast and Midwest regions are experiencing difficulties. The FCC is investigating the situation as consumers report wireless call failures. Stay updated on the situation as telecom giants address the outage.
Stay Informed with XM Live Education for the Latest Market News and Updates
Stay up to date with the latest market news and updates with XM Live Education. Learn about the potential acquisition talks between U.S. Cellular, T-Mobile, and Verizon Communications. Despite recent developments, USM has seen a 4% decline year-to-date. Don’t miss out on important information that could impact your trading decisions – XM Live Education has you covered.
Verizon Frontline and NOAA Partner to Enhance Disaster Response Research
Verizon Frontline and NOAA have partnered to revolutionize disaster response research by deploying uncrewed aircraft systems to assess severe storm damage swiftly. This collaboration aims to enhance post-storm damage assessments and improve severe weather warnings, ultimately minimizing the impact of storms on communities nationwide.
Verizon Customers Face Challenges Due to Widespread Outage
Verizon customers are facing challenges accessing their mobile carrier due to a widespread outage impacting cities across the nation. Despite service restoration, users are questioning compensation options. Contact Verizon customer support for assistance or follow Downdetector for real-time updates on service status.
Verizon reaches $100 million settlement in class-action lawsuit
Verizon settles a $100 million class-action lawsuit over administrative charges, with eligible customers able to claim their portion of the settlement. Claims must be submitted before the filing window closes. The settlement does not admit wrongdoing from Verizon. Eligible individuals urged to submit claims before the deadline.
NASA and Verizon Business Partner to Bring Live Broadcast of Solar Eclipse
NASA has partnered with Verizon Business to bring a live broadcast of the upcoming solar eclipse to viewers worldwide. The collaboration involves a 1 gigabyte E-line service connecting the John Glenn Space Center to the Great Lakes Science Center, enabling the transmission of feeds to a global audience. This groundbreaking partnership highlights Verizon’s ability to deliver solutions for federal agencies like NASA.