Showing posts with label Verizon. Show all posts
Showing posts with label Verizon. Show all posts

Tuesday, January 25, 2022

Verizon: 1-in-3 consumers now have a 5G-capable device

Verizon Communications reported strong wireless service revenue growth and increased 5G phone adoption in Q4 2021, as more than one in three Consumer wireless phone customers now have a 5G-capable device. 

"2021 was a transformational year for Verizon that will serve as a catalyst for us," said Verizon Chairman and CEO Hans Vestberg. "We delivered on all of our goals in 2021 and made great progress on our five paths of growth, finishing the year with strong operating and financial momentum. As we move into 2022, we have the necessary assets to realize our strategy that we laid out in 2019. We are laser focused on executing our 5G strategy and providing value to our customers, shareholders, employees, and society, as 2022 will be the most exciting year yet for Verizon."

For fourth-quarter 2021, Verizon reported EPS of $1.11, compared with $1.11 in fourth-quarter 2020. 

Some highlights:

  • Total wireless service revenue of $17.8 billion, a 6.5 percent increase year over year, driven by a combination of higher ARPA (average revenue per account), volume growth and the contribution from the acquisition of TracFone Wireless, which was completed on November 23.
  • Total retail postpaid churn of 1.01 percent, and retail postpaid phone churn of 0.81 percent.
  • 1,058,000 retail postpaid net additions, including 558,000 phone net additions, resulting in 142.8 million total retail connections. 
  • 106,000 total broadband net additions, defined as wireline (Fios and DSL) and fixed wireless, an increase of 30,000 total broadband net additions year over year.
  • 78,000 fixed wireless net additions, an increase from 55,000 fixed wireless net additions in third-quarter 2021.
  • 55,000 Fios Internet net additions in fourth-quarter 2021. In full-year 2021, Verizon reported 360,000 Fios Internet net additions, the best annual performance since 2014. Total Fios revenues were $3.2 billion in fourth-quarter 2021, an increase of 5.7 percent year over year. Full-year 2021 Fios revenues were approximately $12.7 billion, up 4.6 percent year over year.

https://www.verizon.com/about/news/verizon-ends-2021-strong-wireless-service-revenue-and-eps-growth

Monday, January 24, 2022

Verizon signs 7 more renewable energy purchase agreements

Verizon announced seven new Renewable Energy Purchase Agreements (REPAs) for an aggregate of approximately 910 megawatts (MW) of projected renewable energy capacity. This brings the cumulative number of REPAs, signed since December 2019, to 20, and the cumulative aggregate amount of contracted renewable energy capacity to approximately 2.6 gigawatts (GW).

“We are proud to achieve this key milestone in the transition to renewable energy,” said Matt Ellis, executive vice president and chief financial officer at Verizon. “These new agreements will be funded by our third $1 billion green bond, which we issued in September 2021, and are fundamental to the company’s ongoing efforts to be net zero in its operational emissions (scope 1 and 2) by 2035.”

Overview of Verizon’s new REPAs:

  • Four 15-year REPAs with Leeward Renewable Energy for an aggregate of up to 640 MW of anticipated renewable energy capacity. The projects include a facility in the Electric Reliability Council of Texas (ERCOT) regional market that is expected to be fully operational in late 2023; two facilities in the Pennsylvania Jersey Maryland (PJM) Interconnection regional market that are expected to be fully operational in late 2023; and a facility in the California Independent System Operator (CAISO) regional market that is expected to be fully operational in mid-2024.
  • A 15-year REPA with Duke Energy Sustainable Solutions for an aggregate of 180 MW of capacity. The facility, located in the Midcontinent Independent System Operator (MISO) regional market, is expected to be fully operational in late 2022.
  • Two 15-year REPAs with Lightsource bp for an aggregate of 89.9 MW of capacity. The facilities, both located in the PJM Interconnection regional market, are expected to be fully operational by late 2023.
  • The renewable energy projects associated with Verizon's 20 REPAs, which span 11 states, have a projected capacity of approximately 2.6 GW, and are anticipated to enable the avoidance of over 4.8 million metric tons (MT) of CO2 annually.

https://www.verizon.com/about/news/new-renewable-deals-verizon-energy-goal

Wednesday, January 19, 2022

Verizon activates C-band spectrum

Verizon activated C-band spectrum to boost its 5G Ultra Wideband network, which is now available to more than 100 million people in 1,700-plus cities around the nation.

“This massive launch will put incredible speeds, reliability and security in the hands of our customers and amplifies our offering of reliable home and business broadband options to more places around the country, well ahead of the commitment we made last year,” said Hans Vestberg, Chairman and CEO of Verizon. “As 5G Ultra Wideband becomes available to more and more people and businesses, it will allow our customers to do more amazing things.”

Verizon 5G Ultra Wideband boasts download speeds up to one gigabit per second.


AT&T and Verizon agree to delay C-Band rollouts near airports


Verizon tests carrier aggregation of C-Band + mmWave

Verizon achieved speeds of 4.3 Gbps in a trial of carrier aggregation using its newly acquired national footprint of C-band spectrum and its existing mmWave spectrum. The lab trial aggregated 100 MHz of C-band spectrum together with 600 MHz of mmWave spectrum to provide greater efficiency for data sessions transmitting over the wireless network. The basebands and radios used were from Ericsson’s industry-leading Ericsson Radio System portfolio...

Verizon begins C-band rollout with Ericsson and Samsung

Verizon confirmed that the installation of C-band equipment from Ericsson and Samsung Electronics Co. is now underway. Ericsson is providing its Antenna-Integrated Radio (AIR) product, which features a massive Multiple Input Multiple Output (MIMO) architecture with Ericsson Uplink Booster and advanced beamforming technology.  Samsung is also supplying Massive MIMO radios and fully virtualized RAN (vRAN) solutions.Verizon secured an...



Thursday, December 16, 2021

Verizon 5G Edge taps Google Distributed Cloud Edge

Verizon and Google Cloud agreed to collaborate on 5G edge services for mobile and connected devices, including autonomous mobile robots, intelligent logistics and factory automation.

Verizon 5G Edge with Google Distributed Cloud Edge, will bring Google’s compute and storage services to the edge of the local network.

The companies also plan to develop public 5G mobile edge computing for developers and enterprises. 

In addition, Ericsson, in collaboration with Verizon, will pilot 5G Edge with Google Distributed Cloud Edge as part of a proof of concept at its USA 5G Smart Factory. The first trial use case involves Verizon's Sensor Intelligence solution, which involves attaching a camera to an autonomous mobile robot that will scan packages to maintain inventory and location of indirect materials in the factory's warehouse. Then, using computer vision, the robot will communicate the bar code and shipping label data via 5G and mobile edge computing to the inventory management system, providing real-time analytics to improve logistics.

“By working with partners like Google Cloud and Ericsson, we’re building the 5G edge compute ecosystem that will enable enterprises in many industries to benefit from having a completely dedicated private network and edge compute infrastructure on premise,” said Rima Qureshi, Chief Strategy Officer at Verizon. “5G Edge with Google Distributed Cloud Edge will give our customers the ability to connect and manage a broad range of devices at scale and speed while also providing highly secure, near real-time connectivity. This will allow companies to unlock greater value from data and enable innovative applications involving computer vision, augmented and virtual reality, and machine learning.” 

“Through our planet-scale infrastructure and expertise in data analytics, artificial intelligence and machine learning, Google Cloud is enabling the rapid development and deployment of new services and applications,” said Thomas Kurian, CEO of Google Cloud. “By bringing intelligence from data centers to the network edge, Verizon 5G Edge with Google Distributed Cloud Edge will allow customers to build new cross-industry edge solutions, unlock new revenue models, and transform the next generation of customer experiences – from AI-driven in-store operations to live inventory management on the factory floor, the possibilities span multiple industries.”

https://www.verizon.com/about/news/verizon-google-cloud-5g-mobile-edge-computing

Verizon Business teams with AWS on mobile edge computing

Verizon Business and Amazon Web Services (AWS) will be expanding their 5G collaboration to deliver private mobile edge computing (MEC) to enterprise customers in the U.S. The solution will fully integrate Verizon’s Private 5G networks and Private Edge platform with AWS Outposts, a fully managed service that offers the same AWS infrastructure, services, APIs, and tools to virtually any datacenter, co-location space, or on-premises facility for...

Verizon debuts mobile edge cloud with Microsoft Azure

Verizon is now offering an on-premises, private edge compute solution in collaboration with Microsoft Azure.Verizon 5G Edge with Microsoft Azure Stack Edge is a cloud computing platform that brings compute and storage services to the edge of the network at the customer premises providing enterprises with increased efficiencies, higher levels of security, and the low lag and high bandwidth needed for applications involving computer vision, augmented...

Verizon launches private mobile edge computing with AWS Outposts

Verizon announced the commercial launch if its private mobile edge compute solution with AWS Outposts in the U.S. Verizon 5G Edge with AWS Outposts is a cloud computing platform that brings compute and storage services to the edge of the network on the customer premises for real-time enterprise applications like intelligent logistics, factory automation and robotics. For example, Corning is using Verizon 5G Edge with AWS Outposts and On Site...

Verizon designates AWS as its Preferred Public Cloud Provider

Verizon Communications has designated Amazon Web Services (AWS) as its preferred public cloud provider as part of a corporate-wide initiative to increase agility and reduce costs through the use of cloud computing. Verizon is migrating over 1,000 business-critical applications and database backend systems to AWS, several of which also include the migration of production databases to Amazon Aurora—AWS’s relational database engine. Verizon is also...

Thursday, December 2, 2021

Verizon Business adds Cisco managed SD WAN services

Verizon Business has added Cisco managed SD WAN service, including options for 4G/5G connectivity, to its Network as a Service (NaaS) digitization portfolio.

The new solutions include:

  • Managed Cisco SD WAN for the Cisco Catalyst 8000 Edge Platforms Family, and Integrated Services Router (ISR) 1000 and 4000 series, including management of the Cisco cellular Pluggable Interface Modules (PIM), and Cisco Catalyst Cellular Gateways. This new offer supports 4G and 5G cellular for gigabit connectivity to distributed cloud workloads. For a limited time, Verizon will provide customers one free Cisco Catalyst Cellular Gateway with each new Cisco SD WAN 3-year device license purchase.
  • Verizon is delivering a Cisco SD WAN performance suite including Cisco Umbrella for cloud security, Duo for zero trust application access, and Thousand Eyes for network observability. This suite delivers the protection and visibility to enhance SD WAN security and performance while reducing customer costs.
  • Cloud collaboration services with carrier-grade quality, reliability and security via Verizon’s fully private connection to Cisco Webex Calling and Webex Contact Center. Customers can capitalize on this private integration through wireline and wireless networks with Verizon Private IP and Verizon Wireless Private Network Traffic Management.

"In a hybrid work world, application performance and security are critical. We are committed to making it simpler for IT teams to deliver the best customer experiences,” said Todd Nightingale, EVP and GM, Enterprise Networking and Cloud, Cisco. “Verizon’s new Cisco managed SD WAN offer delivers cloud security and 5G capabilities, reduces complexity for customers, and enables private network connections to Cisco's Webex service cloud."

“Organizations are challenged with finding flexible and secure networking solutions that enable the rapid transition to hybrid cloud and hybrid work while maximizing application performance for their users,” said Massimo Peselli, senior vice president, Global Enterprise, Verizon Business. “The addition of these Cisco solutions builds on our longstanding history of co-innovation and provides customers with the agility and scalability to meet today’s needs while future-proofing their operations.”

https://www.verizon.com/about/news/verizon-business-cisco-enterprise-service-offerings

Verizon to deliver global SD-WAN for FM Logistic

Verizon Business has been selected by FM Logistic, an international supplier of supply chain services with a strong customer base in the consumer goods, retail, cosmetic, industrial and health sectors. It employs more than 27,200 people.The secure SD WAN network will run across FM Logistic’s operations in 14 countries and is a fundamental part of the company’s growth and ongoing digital transformation.“With new digital applications on the horizon...

Verizon Business adds Fortinet to its SD-WAN portfolio

Verizon Business has added Fortinet Secure SD WAN to its global SD WAN offering.“The quick transition to hybrid and/or remote working models opened new avenues for cyber threat actors,” said Sampath Sowmyanarayan, Chief Revenue Officer for Verizon Business. “Solutions like Verizon’s Software Defined Secure Branch with Fortinet add those layers of security that help safeguard your employees, your business and ultimately your customers against cyberattacks.” Fortinet...


Tuesday, November 23, 2021

Verizon completes acquisition of TracFone for prepaid customers

 Following regulatory approval from the FCC, Verizon completed its $6 billion acquisition of TracFone, the largest reseller of wireless services in the U.S., serving approximately 20 million subscribers through a network of over 90,000 retail locations nationwide. The deal positions Verizon as the leading pre-paid, value and premium wireless carrier.

Verizon paid  Mexico-based América Móvil a closing consideration of US$3.125 billion in cash, subject to customary adjustments, and 57,596,544 shares of Verizon stock. Subject to TracFone continuing to achieve certain operating metrics, Verizon shall pay up to an additional US$650 million cash consideration.


Tracfone has been longtime partner of Verizon and there are currently more than 13 million TracFone subscribers on Verizon’s wireless network through an existing wholesale agreement. The remaining Tracfone customers are served by through other carriers.

“We’re thrilled to welcome TracFone and its employees to the Verizon family and look forward to bringing new products and enhanced services to this attractive segment of the market. Our new premium and value customer base will benefit from the combined organization's offerings—now and in the future,” said Ronan Dunne, CEO, Verizon Consumer Group. “The addition of the TracFone brands firmly establishes Verizon as the provider of choice in the value segment, which complements our clear leadership in the premium segment,” he added.

“For over 25 years, TracFone Wireless, Inc. has provided wireless solutions to value-conscious consumers,” said Eduardo Diaz Corona, CEO TracFone Wireless, Inc. “With the power of Verizon, we will be able to bring innovative offerings and better value to market quicker, allowing us to further our purpose to deliver Coverage & Access For All.” 

https://www.verizon.com/about/news/verizon-completes-tracfone-wireless-inc-acquisition

Verizon to deliver global SD-WAN for FM Logistic

Verizon Business has been selected by FM Logistic, an international supplier of supply chain services with a strong customer base in the consumer goods, retail, cosmetic, industrial and health sectors. It employs more than 27,200 people.

The secure SD WAN network will run across FM Logistic’s operations in 14 countries and is a fundamental part of the company’s growth and ongoing digital transformation.

“With new digital applications on the horizon such as Internet of Things, Artificial Intelligence and Machine Learning creating a digital data explosion, it is crucial that businesses assess their existing networks to ensure they are ready for this fast-paced digital future,” said Scott Lawrence, Group Vice President of Verizon Business in Europe. “Newer networks feature better security, more capacity and enhanced functionality. They can help supercharge strategic business growth and new service innovation for increased competitive advantage.”

Although its current Verizon network was recognized for its uptime performance and reliability, FM Logistic knew that to take advantage of new high-bandwidth applications and prepare its infrastructure for the next generation of operational innovation, the network needed to be upgraded. This would also enable it to take advantage of the surge of new digital logistical data available, such as delivery, route and supply chain management data, in order to drive even better services to its customers.

“This global, powerful, evolutive, resilient and secure infrastructure is the foundation of our IT landscape and its connectivity will help enable us to manage complex omnichannel end to end supply chain operations for our customers, migrate services to the cloud and introduce new urban logistics solutions. We see high performance and the near real-time visibility of data as critical in serving our customers, delivering their goods on time and in perfect condition,” said Alexandre Brauner, Group Information Systems Director at FM Logistic. “Verizon Business has been our trusted network partner for the past decade and we are confident that they are also the right partner for our future. We’re excited to explore how other technologies such as 5G could help us strengthen our business processes and support our business strategy.”


Monday, November 8, 2021

Verizon and Lockheed Martin collaborate on 5G.MIL

Verizon (NYSE: VZ) and Lockheed Martin are collaborating on 5G.MIL technologies that will provide ultra-secure, reliable connections for U.S. Department of Defense systems , bringing together high-tech platforms into a cohesive network spanning air, land, sea, space and cyber domains. 

The companies highlighted a joint demonstration that used a Verizon private 5G network installed at Lockheed Martin Space’s 5G Test Range in Colorado, connected to a Lockheed Martin open mission system processor running mission applications at the Skunk Works Integration Facility and Test Center in Texas. Initial tests demonstrated interoperability between Lockheed Martin open tactical gateway solutions and Verizon’s On Site 5G network technology. Specifically, situational awareness applications receiving Link-16 standard messages were linked to 5G user devices. 

"Verizon is at the cutting edge when it comes to building out reliable, high performance 5G Ultra Wideband networks with mobile edge computing capabilities," said Kyle Malady, Chief Technology Officer at Verizon. "Our work with Lockheed Martin will help enable the creation of new and innovative products and technologies, helping DOD leaders achieve the goals laid out in their 5G strategy."

"Lockheed Martin’s deep understanding of DOD mission requirements coupled with Verizon’s wireless expertise will truly enable the Joint All-Domain Operations battlespace our customers envision," said Rod Makoske, chief engineer and senior vice president of Engineering and Technology at Lockheed Martin. 

"Leveraging commercial 5G technologies with military-grade enhancements will let customers field, scale and deploy this technology faster and in more operational environments."

Lockheed Martin’s 5G.MIL program is a robust, 5G-enabled, heterogeneous "network of networks" that integrates military tactical, strategic and enterprise networks, and leverages existing telecommunication infrastructure technology. 5G.MIL will enable interoperability between 5G networks, NextG networks and operational DOD networks to enable effective and resilient communication across all domains.

https://www.verizon.com/about/news/lockheed-martin-verizon-5g-innovation-department-of-defense

www.lockheedmartin.com/5G

Wednesday, October 20, 2021

Verizon reports accelerated 5G adoption

Citing accelerated 5G adoption and continued expansion of its FWA, mmWave and FiOS footprints, Verizon reported revenue of $32.9 billion, up 4.3 percent from third-quarter 2020. This includes two months of Verizon Media revenue of approximately $1.4 billion on a segment basis. Excluding Verizon Media, operating revenues increased 5.5 percent. Net income amounted to $6.6 billion, an increase of 45.5 percent from third-quarter 2020, and adjusted EBITDA of $12.3 billion, an increase of 3.3 percent from third-quarter 2020.

Capital expenditures year-to-date were $13.9 billion. 

"We had a strong third quarter, delivering on our strategy and growing in multiple areas," said Verizon Chairman and CEO Hans Vestberg. "Our disciplined strategy execution demonstrated growth in 5G adoption, broadband subscribers and business applications. We are increasing our 2021 guidance, and we continue to expand our 4G LTE and 5G network leadership. We fully expect to have a strong finish to the year as we accelerate deployment of 5G to our customers across the country."


Some highlights:

  • Total Verizon Consumer revenues were $23.3 billion, an increase of 7.3 percent year over year. 
  • Consumer wireless service revenues were $14.0 billion in third-quarter 2021, a 4.0 percent increase year over year. Consumer grew phone net additions and continued to execute on its unlimited and premium unlimited migration strategy.
  • Consumer wireless retail postpaid churn was 0.84 percent in third-quarter 2021, and wireless retail postpaid phone churn was 0.67 percent. 
  • In third-quarter 2021, Consumer reported 423,000 wireless retail postpaid net additions. This consisted of 267,000 phone net additions and 223,000 other connected device net additions, offset by 67,000 tablet net losses. Consumer's phone net additions in third-quarter 2021 were more than Consumer's phone net additions in both third-quarter 2020 and third-quarter 2019.
  • There were 98,000 Fios Internet net additions in third-quarter 2021. Consumer Fios revenues were $2.9 billion in third-quarter 2021, an increase of 4.3 percent year over year. Consumer reported 68,000 Fios Video net losses in third-quarter 2021.
  • In third-quarter 2021, Business continued to see strong demand for wireless services across multiple verticals. Strong Small and Medium Business momentum, the best performing quarter year-to-date for wireless subscriber growth in Global Enterprise and an increase in activity with enterprises in the private wireless and MEC space led the quarter.
  • Total Verizon Business revenues were $7.7 billion, down 0.8 percent year over year. Wireless revenue growth continues to offset ongoing legacy wireline declines.
  • Business wireless service revenues were $3.1 billion in third-quarter 2021, a 3.6 percent increase year over year.
  • Business wireless retail postpaid churn was 1.29 percent in third-quarter 2021, and wireless retail postpaid phone churn was 1.04 percent.
  • Business reported 276,000 wireless retail postpaid net additions in third-quarter 2021, including 162,000 phone net additions.


Monday, October 18, 2021

Verizon launches private mobile edge computing with AWS Outposts

Verizon announced the commercial launch if its private mobile edge compute solution with AWS Outposts in the U.S. 

Verizon 5G Edge with AWS Outposts is a cloud computing platform that brings compute and storage services to the edge of the network on the customer premises for real-time enterprise applications like intelligent logistics, factory automation and robotics. For example, Corning is using Verizon 5G Edge with AWS Outposts and On Site 5G to enhance innovation at one of the world’s largest fiber-optic cable plants. Corning and Verizon are currently experimenting with high-speed, high-volume data collection on the factory floor, quality assurance, and on-premises inference using machine learning.

“By bringing compute and storage services to the edge of the network on the customer premises, we’re providing enterprises with the low lag and high bandwidth needed to process information in near real time so they can gain actionable data-driven insights and optimize their operations,” said Tami Erwin, Verizon Business CEO. “Through our partnership with AWS, we are helping customers unlock the true potential of 5G and edge computing which together will enable innovative applications involving computer vision, augmented and virtual reality, and machine learning. We are just scraping the surface of the new experiences that will be enabled by having 5G and edge compute on site.”

“At Corning, we believe 5G will revolutionize the way people and companies interact with technology, and we’re excited to advance these developments in our own plant, where we manufacture the optical cable needed to support the networks,” said Michael A. Bell, senior vice president and general manager, Corning Optical Communications. “Leveraging Verizon 5G Edge with AWS Outposts, we can improve safety, precision and efficiency as we explore the potential of 5G and private mobile edge computing.”

https://www.verizon.com/about/news/verizon-private-mobile-edge-computing-enterprise-aws-outposts

Thursday, October 14, 2021

Verizon's mmWave 5G hits 711 Mbps up with Qualcomm, Samsung

Verizon, Samsung Electronics, and Qualcomm Technologie reached upload speeds of 711 Mbps in a lab trial using aggregated bands of mmWave spectrum.

The demonstration combined 400 MHz of Verizon’s 5G mmWave frequency and 20 MHz of 4G frequency using the latest 5G technologies, including mmWave carrier aggregation and Single-User MIMO (SU-MIMO). Network technology used in the demo included Samsung’s 28 GHz 5G Compact Macro and virtualized RAN (vRAN) and Core (vCore) along with a smartphone form-factor test device powered by the flagship Snapdragon X65 5G Modem-RF System.


“Our mmWave build is a critical differentiator, even as we drive towards massive and rapid expansion of our 5G service using our newly acquired mid-band spectrum, we are doubling down on our commitment to mmWave spectrum usage,” said Adam Koeppe, senior vice president, technology planning, Verizon. “You will see us continue to expand our mmWave footprint to deliver game changing experiences for the densest parts of our network and for unique enterprise solutions. We had over 17k mmWave cell sites at the end of last year and are on track to add 14k more in 2021, with over 30k sites on air by the end of this year, and we’ll keep building after that,” said Koeppe.


Thursday, September 9, 2021

Verizon adds locations for 5G UWB and Home Internet

Verizon expanded the footprint of its 5G Ultra Wideband mobility service to Harrisburg, PA; Athens, GA; Orlando, FL and Fremont, CA, which means 5G Ultra Wideband is now available in parts of 82 cities. 

Verizon also expanded the availability of its 5G Home service to five additional cities: Fremont, CA; Orlando, FL; Pensacola, FL; Sarasota, FL and Niagara Falls, NY. With the addition of these new cities, Verizon’s 5G Home Internet is now available in parts of 57 cities.

“Our continued investment in 5G Ultra Wideband means that more people than ever can experience unmatched speed on phones and a home broadband alternative that is transforming the market,” said Kyle Malady, Verizon’s chief technology officer. “We will continue our aggressive push into even more places.”


Tuesday, August 31, 2021

Verizon debuts mobile edge cloud with Microsoft Azure

Verizon is now offering an on-premises, private edge compute solution in collaboration with Microsoft Azure.

Verizon 5G Edge with Microsoft Azure Stack Edge is a cloud computing platform that brings compute and storage services to the edge of the network at the customer premises providing enterprises with increased efficiencies, higher levels of security, and the low lag and high bandwidth needed for applications involving computer vision, augmented and virtual reality, and machine learning. 

“Our partnership with Microsoft brings 5G Edge to enterprises, dropping latency at the edge, helping critical, performance-impacting applications respond more quickly and efficiently,” said Sampath Sowmyanarayan, Chief Revenue Officer of Verizon Business. “5G is ushering in next-generation business applications, from core connectivity to real-time edge compute and new applications and solutions that take advantage of AI transforming nearly every industry.”

“Business innovation demands powerful technology solutions and central to this is the intersection between the network and edge” said Yousef Khalidi, corporate vice president Azure for Operators at Microsoft. “Through our partnership with Verizon, we are providing customers with powerful compute and storage service capabilities at the edge of customers’ networks, enabling robust application experiences with increased security.” 

https://www.verizon.com/business/solutions/5g/edge-computing/

Verizon Business teams with AWS on mobile edge computing

Verizon Business and Amazon Web Services (AWS) will be expanding their 5G collaboration to deliver private mobile edge computing (MEC) to enterprise customers in the U.S. 

The solution will fully integrate Verizon’s Private 5G networks and Private Edge platform with AWS Outposts, a fully managed service that offers the same AWS infrastructure, services, APIs, and tools to virtually any datacenter, co-location space, or on-premises facility for a truly consistent hybrid experience.  The platform supports unified connectivity, compute and storage, without having the need for the customer to own extensive networking and IT infrastructure. The new, fully managed private MEC solution will support a wide range of industrial manufacturing applications, such as autonomous mobile robots (AMRs), predictive maintenance, quality assurance, and near real-time monitoring and hazard alerts. Verizon’s Private 5G Edge platform will give customers a reliable, secure, high bandwidth, low latency connection to AWS services, APIs, and tools running on AWS Outposts. Additionally, two smaller AWS Outposts — 1U and 2U form factors — will give customers options to deploy AWS on-premises in space-constrained locations.


The companies said their solution will enable real-time enterprise applications like intelligent logistics, predictive maintenance, robotics, factory automation, etc. Corning will be the first company to leverage this private MEC solution.

“Verizon’s 5G is the platform for 21st century innovation and customers are looking to rapidly innovate, improve performance, and create new revenue streams,” said Tami Erwin, CEO of Verizon Business. “Developers are already creating new latency-dependent solutions that run on the Verizon/AWS public MEC service launched last year. Our private MEC offering will unlock that same potential for enterprise customers who need to maintain a secure, closed environment in factories, warehouses and other facilities.”

Verizon brings 5G Edge to Microsoft Azure

Verizon is integrating its on-site 5G Edge network with Microsoft's Azure edge services to enable ultra-low latency services for enterprises.The companies said their collaboration brings a mobile edge computing platform designed to enable developers to build applications for mobile end-users and wireless edge devices with ultra-low latency.“We have built a network that provides real-world, 5G-enabled solutions TODAY,” said Rima Qureshi, EVP and Chief...

AWS Wavelength Zones open in Boston & San Francisco

Amazon announced that the first two AWS Wavelength Zones are now open, one in Boston and the other in San Francisco. The new zones will allow developers who want to build apps to service Verizon Wireless customers in those metropolitan areas. AWS Wavelength Zones, which were first announced at AWS re:Invent 2019,  allow 5G operators to embed AWS hardware and software in their datacenters. The goal is to allow developers to build and deliver...


Thursday, August 5, 2021

Verizon and AWS expand their mobile edge to 13 metros

Verizon and AWS are now covering 13 of top 20 U.S. metro areas with mobile edge computing.


Verizon 5G Edge, a real-time cloud computing platform, with AWS Wavelength brings AWS compute and storage services to the edge of Verizon’s wireless network. In addition, Verizon is now offering a 5G Edge Discovery Service that seamlessly discovers the optimal MEC location for any Verizon mobile client. 

“Companies in every industry are finding exciting ways to bring 5G and 5G Edge to life - leveraging the full capabilities of 5G from throughput and low latency to strong reliability,” said Sampath Sowmyanarayan, Chief Revenue Officer of Verizon Business. “By unlocking the full power of 5G with edge cloud computing, developers can rapidly innovate and build apps and services that take advantage of 5G to improve performance, and create new revenue streams.”

“AWS Wavelength brings AWS services to the edge of 5G networks in any region so that customers like Morehouse and Aetho can build ultra-low-latency applications and transform consumers’ experiences,” said George Elissaios, general manager of AWS Wavelength and Director of Product Management, AWS. “AWS is excited to continue our collaboration with Verizon so that even more developers across the U.S. can bring powerful cloud-based applications to the edge with extreme low latency and high performance.”




Wednesday, July 21, 2021

Verizon reports increased 5G adoption and record 2Q

 Citing wireless revenue growth, strong Fios and Verizon Media results, and increased wireless equipment revenue, Verizon reported consolidated operating revenues in second-quarter 2021 of $33.8 billion, up 10.9 percent from second-quarter 2020, and an increase of 5.3 percent from second-quarter 2019. Verizon reported EPS of $1.40, compared with $1.13 in second-quarter 2020. 

Capital expenditures in first-half 2021 were $8.7 billion, including more than $160 million for C-band expansion.

“Second quarter results were exceptional, both financially and operationally,” said Verizon Chief Financial Officer Matt Ellis. “Our strong first half performance and the momentum in our business gives us the confidence to raise our total wireless service revenue growth guidance to between 3.5 percent and 4 percent, an update from prior guidance for 2021 total wireless service revenue growth of at least 3 percent. We are also raising our adjusted EPS guidance* to the range of $5.25 to $5.35, an update from prior guidance for 2021 adjusted EPS of $5.00 to $5.15."

Some highlights

Consumer

  • Consumer ended second-quarter 2021 with approximately 20 percent of wireless phone customers having 5G-capable devices.
  • Total Verizon Consumer revenues were $23.5 billion, an increase of 11.2 percent year over year, and an increase of 6.7 percent from second-quarter 2019. 
  • Total wireless retail postpaid churn was 0.83 percent in second-quarter 2021. Wireless retail postpaid phone churn was 0.65 percent, a record-low retail postpaid phone churn outside of second-quarter 2020 and third-quarter 2020, which were heavily impacted by the pandemic. 
  • In second-quarter 2021, Consumer reported 350,000 wireless retail postpaid net additions. This consisted of 197,000 phone net additions and 234,000 other connected device net additions, offset by 81,000 tablet net losses.
  • There were 92,000 Fios Internet net additions in second-quarter 2021. Consumer Fios revenues of $2.9 billion in second-quarter 2021 were the highest since the company's new operating structure was introduced in 2019. The company's trailing 12-month total Fios Internet net addition performance is the highest since 2015. Consumer reported 62,000 Fios Video net losses in second-quarter 2021.

Business

  • Total Verizon Business revenues were $7.8 billion, up 3.7 percent year over year, and relatively flat from second-quarter 2019.
  • Business wireless service revenues were $3.1 billion in second-quarter 2021, an 8.0 percent increase year over year, and an increase of 11.4 percent from second-quarter 2019. This increase was led by Small and Medium Business and Global Enterprise. 
  • Total wireless retail postpaid churn was 1.30 percent in second-quarter 2021, and wireless retail postpaid phone churn was 1.07 percent.
  • Business reported 178,000 wireless retail postpaid net additions in second-quarter 2021, including 78,000 phone net additions.

Thursday, July 15, 2021

Ericsson and Verizon sign multi-year $8.3 billion 5G deal

Ericsson confirmed a multi-year 5G supply agreement with Verizon valued at $8.3 billion.

Under the agreement, Verizon will deploy Ericsson's 5G MIMO C-band, low-band and millimeter wave (mmWave) solutions to enhance and expand Verizon's 5G Ultra Wideband coverage, network performance and user experience. Ericsson's technology solutions, including Massive MIMO, Ericsson Spectrum Sharing and Ericsson Cloud RAN, complement the high-performing Ericsson Radio System portfolio to support 5G services. Ericsson’s industry-leading software functionality provides end-users with the speed and performance they expect from 5G networks.


Niklas Heuveldop, President and Head of Ericsson North America, says: “This is a significant strategic partnership for both companies and what we’re most excited about is bringing the benefits of 5G to U.S. consumers, enterprises and the public sector. We’re looking forward to working with Verizon to leverage solutions like Cloud RAN and our Street Macro, adding depth and versatility to 5G network rollouts across the U.S.”

“With this new agreement, we will be able to continue driving innovation and widespread adoption of 5G,” says Kyle Malady, Chief Technology Officer for Verizon. “We are pleased to continue this work through our long-standing relationship with Ericsson.”

  • In 2020, Verizon was the first communications service provider to receive a commercial 5G mmWave Street Macro base station from Ericsson's new state-of-the-art U.S. smart factory in Lewisville, Texas. 

Verizon tests carrier aggregation of C-Band + mmWave

Verizon achieved speeds of 4.3 Gbps in a trial of carrier aggregation using its newly acquired national footprint of C-band spectrum and its existing mmWave spectrum. 

The lab trial aggregated 100 MHz of C-band spectrum together with 600 MHz of mmWave spectrum to provide greater efficiency for data sessions transmitting over the wireless network. The basebands and radios used were from Ericsson’s industry-leading Ericsson Radio System portfolio including the RAN Compute Baseband 6648, Antenna-Integrated Radio (AIR) 6449 for the C-band spectrum, and the Streetmacro 6701 for mmWave. The radios leverage massive Multiple Input Multiple Output (MIMO) architectures. The device used in this lab trial was a pre-market test device based on MediaTek’s M80 modem, which combines mmWave and sub-6 GHz 5G technologies onto a single chip.


“The depth of our spectrum portfolio, now the strongest in the industry, allows us to quickly expand access to a world-class 5G experience for our mobile and fixed broadband customers, providing high speeds, low latencies and enormous capacity,” said Adam Koeppe, Senior Vice President of Technology Planning at Verizon. “These lab trials demonstrate the exceptional network performance our customers will receive as we are able to integrate our newly acquired C-band spectrum with mmWave spectrum.” 

The trial follows the recent announcement of new agreements with Verizon’s tower partners, Crown and SBA Communications, which provide for process improvements including standardizing and reducing forms and minimizing legal reviews. Additionally, Verizon has already started installation of C-band equipment from Ericsson and Samsung Electronics Co., Ltd to speed deployment of its 5G Ultra Wideband and fixed wireless broadband service. These combined efforts, along with ongoing lab trials to optimize 5G technology on C-band spectrum will allow Verizon to offer expanded mobility and broadband services to millions more consumers and businesses as soon as the spectrum is cleared. 

In the first quarter of 2022, Verizon expects to put into service the new 5G C-band spectrum in the initial 46 markets and to provide 5G Ultra Wideband service to 100 million people. Over 2022 and 2023, coverage is expected to increase to more than 175 million people and by 2024 and beyond, when the remaining C-band spectrum is cleared, more than 250 million people are expected to have access to Verizon’s 5G Ultra Wideband service on C-band spectrum.

Verizon appoints Hans Vestberg as next CEO - former boss of Ericsson

Verizon Communications named Hans E. Vestberg to succeed Lowell C. McAdam as CEO, effective August 1, 2018.

Vestberg, 52, is the former CEO of Ericsson and currently serves as Executive Vice President and President of Global Networks and Chief Technology Officer. From 2007 to 2009, Vestberg served as Chief Financial Officer at Ericsson, and he previously served in a number of leadership positions at Ericsson. From 2009 till 2016, Vestberg led Ericsson during a period of significant industry and company transformation. He joined Ericsson in 1991 and earning a Bachelor of Business Administration degree from the University of Uppsala, Sweden.

McAdam, 64, has served as CEO of Verizon since 2011 and as chairman since 2012. During his tenure, Verizon took over complete ownership of Verizon Wireless in 2014 through a $130 billion purchase of Vodafone’s 45 percent stake in the company. McAdam also led the acquisitions of major media, fiber and telematics assets, including AOL, Yahoo!, XO Communications and the purchase of millions of miles of optical fiber from Corning.