Verizon is a telecommunications company that is expanding its reach into the space industry through strategic partnerships and technological innovations. Verizon is working to integrate satellite connectivity to provide direct-to-device messaging and expand cellular coverage to remote areas, teaming up with companies like Skylo and AST SpaceMobile. They utilize satellite connections for cell sites in remote areas and operate satellite-based portable network assets for emergency situations. Verizon's goal is to create a hybrid network where terrestrial and satellite technologies complement each other, ensuring seamless connectivity.
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Verizon Business is collaborating with Capgemini and will demonstrate co-innovated solutions at the Capgemini 0.005 kg Solutions Center as part of an ongoing partnership.
Verizon Business, Visionable, Capgemini, and Juniper built the Verizon Business Connected Healthcare Center in the UK as a co-innovation hub for 0.005 kg applications.
SES received $170,000,000 in accelerated US C-band clearing proceeds from Verizon in 2022.
SES expects to receive $155,000,000 in 2022-10-01 from additional US C-band clearing for Verizon, with a balance of up to $15,000,000 expected in early 2023.
SES has a private C-band clearing deal with Verizon that will deliver an additional $170,000,000 of proceeds before the end of 2022.
Verizon has a 5G lab at Caltech for innovating on 5G use cases with university students and faculty.
One of Verizon's trials at Caltech aims to help drones detect and respond to changing weather conditions in real-time.
Verizon's chief product development officer, Nicki Palmer, stated that 4G networks are used for drones today but highlighted the benefits of 5G.
The Verizon 5G lab features a three-story-tall aerodrome with more than 2,500 tiny computer-controlled fans to recreate environmental conditions.
SES reported that additional C-band clearing for Verizon was over 50% complete and expected to be completed in H2 2022 to earn up to $170,000,000 in gross payments.
SES increased its estimate of non-reimbursable costs for the entire C-band clearing project from $80,000,000 to $100,000,000 to reflect the magnitude of the agreement with Verizon.
SES agreed with Verizon Communications to expand Verizon’s access to the 3700–3800 MHz portion of the C-band in critical regions across the U.S.
Under the new agreement SES will expand Verizon’s access to markets beyond the 46 Partial Economic Areas cleared in Phase I.
The agreement between SES and Verizon expands Verizon’s access to the 3700–3800 MHz block earlier than the FCC’s Phase II accelerated relocation deadline.
SES will earn up to an additional $170,000,000 from Verizon subject to delivering the clearing on a timeline agreed by the parties.
SES will install filters and other ancillary equipment at about 500 sites in 2022 as part of the clearing activities for Verizon.
AiFi raised $65,000,000 in a Series B funding round with participation from ALDI South Group, Żabka Group, REWE, Verizon Ventures, and Qualcomm Ventures LLC.
The drone features Verizon 4G LTE connectivity that provides a connection to the flight controller to avoid interferences.
Pairing Project Kuiper’s capabilities with Verizon’s wireless, private networking, and edge compute solutions is intended to extend connectivity to businesses operating and deploying assets on a global scale.
Project Kuiper and Verizon plan to design and deploy new connectivity solutions across domestic and global industries including agriculture, energy, manufacturing, and transportation.