Verizon Communications Inc. (NYSE:VZ) has teamed up with Samsung for an exciting showcase of cutting-edge 5G capabilities and advanced use cases at the state-of-the-art Sofi Stadium in Los Angeles. The event, scheduled for October 11, will bring together prominent business leaders and experts from both Verizon and Samsung to highlight the profound impact and significance of 5G technology across a multitude of industries.
Event attendees will have the unique opportunity to witness some of the most advanced technologies in action. These innovations include coach-to-coach communications, 5G Edge Accelerated Access, 5G Edge Aerial Inspections, real-time communications, and cashless checkout through 5G Edge technology, among others. It’s worth noting that the coach-to-coach communication technology showcased at this event is already in use by the NFL for all its stadiums. Additionally, visitors will be able to experience various other groundbreaking innovations, including a hands-on Network Slicing experience using the Samsung Galaxy S23, an exploration of the Samsung Galaxy Connected Ecosystem, and a deep dive into the robust Samsung Knox Security solution.
Beyond showcasing its upcoming innovations, this event is expected to provide valuable insights into Verizon’s holistic growth strategy, with a strong emphasis on customer satisfaction. Verizon is dedicated to building an entire network infrastructure and ecosystem that delivers an exceptional 5G experience to its customers. The company’s success is underpinned by a disciplined network upgrade strategy, a customer-centric business model, and the meticulous execution of operational plans. With the nationwide rollout of 5G services, Verizon aims to maintain its leadership in spreading 5G mobile networks across the country, employing virtualized machines, advanced operational automation, and adaptability.
Furthermore, Verizon is offering flexible mix-and-match pricing options for wireless and home broadband plans, resulting in solid customer additions and increased adoption of 5G devices and premium unlimited plans. In the enterprise and wholesale business segments, the company is strategically shifting its revenue mix toward growth services such as cloud solutions, security, and professional services.
Verizon has also expanded its Fios Forward initiative to support digital inclusion and provide opportunities for underserved households to thrive in the digital world. With no data caps, Fios customers can enjoy faster upload and download speeds compared to comparable plans. The company’s focus on online content delivery, mobile video, and online advertising is expected to drive further growth.
As part of its commitment to enhancing connectivity, Verizon is actively investing in the installation of new cell sites to expand coverage and increase the capacity of its fiber optic cables. These enhancements aim to improve bandwidth and enable faster data transmission across the state, ultimately empowering communication service providers to enhance their wireless service offerings and allowing local residents to unlock numerous opportunities facilitated by advanced digital infrastructure.
It’s worth noting that over the past year, Verizon’s stock has experienced a 12.5% decline, in contrast to the industry’s fall of 4.6%.
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