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Verizon Ensures “Power Of Connectivity” Amid The Growing COVID-19 Outbreak

By John F. Heerdink, Jr.

As per reports, one of the world’s leading providers of technology, Verizon Communications, Inc. (VZ) announced that for the next 60 days it will waive late fees of any small business or residential customers because of their economic circumstances related to the coronavirus and the company will not terminate service for any residential or small business customers due to unpaid bills caused by the current economic slowdown.

Last week, Verizon signed onto the FCC’s new “Keep Americans Connected” pledge in its commitment to ensuring connectivity, assistance to customers and small businesses amid the global COVID-19 crisis with the power of connectivity and enabling the nation’s economy to move forward.

“Now more than ever, we need to ensure that our customers, their families, and businesses have the ability to connect to the internet even if they’re facing financial hardship from the impact of the coronavirus pandemic. We want to ensure that our customers can continue to use the internet to work, learn, and carry on with their lives as we all address this collective challenge. We’re confident this joint effort will help make that happen,” stated Hans Vestberg, Verizon Chairman and CEO.

Also, the company announced that it is increasing its capital investment guidance from $17 to $18 billion to $17.5 to $18.5 billion in 2020 to meet this current crisis.

“Both of these measures are indicative of our company’s confidence that the nation and the world will emerge from this current health issue stronger than ever,” stated Vestberg. 

Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers. To learn more about Verizon Communications, Inc. (VZ) and to track its progress please visit the Vista Partners Verizon Communications Inc. Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Verizon will help customers and small businesses disrupted by impact of coronavirus in GlobeNewswire)


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