Major U.S. Carriers Form Satellite Joint Venture
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy VZ?
Source: Newsfilter
- Joint Venture Agreement: Verizon, AT&T, and T-Mobile have reached a preliminary agreement to form a new joint venture aimed at addressing long-standing coverage gaps, particularly in rural areas, by utilizing satellite-based technologies.
- Elimination of Coverage Gaps: The initiative seeks to eliminate nearly all dead zones without mobile service, which is expected to significantly enhance network availability in remote areas, thereby improving user experience and attracting more customers.
- Disaster Response Capability: The new joint venture will also ensure redundant connectivity during natural disasters, enhancing the reliability and stability of the network, which is crucial for user communication in emergencies.
- Network Performance Improvement: The application of satellite technology is anticipated to improve overall network performance and service quality, further solidifying the three carriers' positions in a highly competitive market.
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Analyst Views on VZ
Wall Street analysts forecast VZ stock price to fall
14 Analyst Rating
4 Buy
10 Hold
0 Sell
Moderate Buy
Current: 47.060
Low
43.00
Averages
46.42
High
51.00
Current: 47.060
Low
43.00
Averages
46.42
High
51.00
About VZ
Verizon Communications Inc. is a holding company. The Company, through its subsidiaries, provides communications, technology, information and streaming products and services to consumers, businesses and government entities. Its Consumer segment provides wireless and wireline communications services. It also provides fixed wireless access (FWA) broadband through its 5G or 4G Long-Term Evolution (LTE) networks portfolio. The Company's Business segment provides wireless and wireline communications services and products, including FWA broadband, data, video and advanced communication services, corporate networking solutions, security and managed network services, local and long-distance voice services and network access to deliver various Internet of Things (IoT) services and products. It provides these products and services to businesses, public sector customers and wireless and wireline carriers across the U.S. and a subset of these products and services to customers around the world.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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