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Empowering small businesses with a new industry-first My Biz Plan and a 3-year price lock guarantee

1. Verizon launches My Biz Plan for customizable SMB wireless needs. 2. Plans start at $29 per month with add-ons from $5. 3. Features include a 3-year price lock and enhanced security apps. 4. 15% discount on core plans for new lines until June 10. 5. Plan addresses small business cost management issues reported in 2024 survey.

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FAQ

Why Bullish?

The My Biz Plan responds well to SMB demand for flexibility, potentially improving customer acquisition and retention. Similar initiatives in the past have driven revenue increases for telecom companies, suggesting a favorable market response.

How important is it?

With a focus on customizable plans, Verizon could capture a growing segment in the SMB market, offering competitive differentiation. The integration of essential services is likely to increase brand loyalty and long-term revenues.

Why Long Term?

Establishing a loyal SMB customer base will yield sustained revenue growth over years. Historical actions by Verizon to cater to SMBs have shown positive long-term financial impacts.

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My Biz Plan delivers a customizable wireless plan that enables small businesses to pay for only what they need April 10, 2025 09:00 ET  | Source: Verizon Communications, Inc. NEW YORK, April 10, 2025 (GLOBE NEWSWIRE) -- Starting today, Verizon Business offers a market-leading solution for small and midsized business (SMB) customers to create and customize their wireless business plans – paying for what they need, when they need it. Introducing My Biz PlanCarriers today offer small businesses a “good, better, best” choice. But why be forced to make a trade-off? Small businesses want control and flexibility in their mobile plans. Enter My Biz Plan. It’s easy: one simple plan with unlimited calling, data and texting that each small business can customize with business add-ons. Ranging from international connectivity to business productivity and more, customers can easily add and remove their add-ons as needed. Plus, add-on spending can unlock discounts on their smartphone. Verizon My Biz Plan includes: Price Lock: 3-year price lock guarantee for all customers who add My Biz Plan which provides peace of mind to small business owners. This industry-first guarantee ensures core monthly plan price for calling, data and texting will not change, excluding taxes, fees, Economic Adjustment Charge and add ons.Security Applications: Verizon Business Mobile Internet Security is included with My Biz Plan, helping protect small business devices against malware, ransomware and phishing when connected to the Verizon network. Additional security add-ons are also available.Affordable Pricing: Plans are as low as $29 per month for 5+ lines with auto pay and paper-free billing, with add-ons starting as low as $5 per month each.International Connectivity: Small business employees can stay connected when traveling in over 210 countries and destinations with unlimited data, talk, and text starting at $10 per month. Special Introductory OfferFrom April 10 until June 10, Verizon Business is offering customers value with 15% off the core monthly plan price for any new line added to the My Biz Plan, applied each month over 36 months. That means small business owners can get 5 lines for $25/line per month with auto pay and paper-free billing, one of our best deals ever. “We understand the unique challenges that small businesses face because we are with them every single day,” said Iris Meijer, Chief Product & Marketing Officer, Verizon Business. “We are so excited to launch My Biz Plan. It is the only plan in the industry that directly addresses their needs for control and flexibility, empowering them to stay a step ahead.” My Biz Plan offers small business owners the certainty and control that they need: according to the 2024 State of Small Business Survey, many small businesses struggle to manage costs while investing in the tools and internet access required for growth. My Biz Plan aims to help small businesses thrive by putting the control in their hands. Learn more about My Biz Plan and available offerings for SMBs at verizon.com/mybizplan. Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $134.0 billion in 2023. Verizon’s world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores. VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/. Media contacts:Carly Sylvestercarly.sylvester@verizon.com Tessa Giammonatessa.giammona@verizon.com 

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