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Verizon customers are the first in the US to enjoy satellite texting to any device with select Android smartphones

1. Verizon expands satellite texting, enabling messaging beyond cellular reach. 2. Service on select Samsung and Google devices begins with upgrades in two weeks. 3. Verizon's network covers 99% of U.S. locations for connectivity. 4. Company tests additional data services and video calling via satellite. 5. Verizon's revenue reached $134.8 billion in 2024.

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Why Bullish?

The expansion of satellite texting may attract new customers and increase services, similar to Verizon's past successes with innovative technology, such as 5G deployment, which positively impacted stock performance.

How important is it?

The article details strategic growth initiatives by Verizon that directly enhance customer engagement and service offerings, which historically correlates with positive market reactions.

Why Long Term?

Improvements in service can lead to sustained customer retention and revenue growth, as seen after major product launches. Long-term strategic advantages typically follow technology advancements.

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TMUSTSGOOGL
March 19, 2025 10:30 ET  | Source: Verizon Communications, Inc. NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) -- Verizon today announced a significant expansion of its satellite texting capabilities, enabling its customers to become the first in the US to send text messages to any other customer device via satellite when outside the reach of terrestrial cellular networks using select Android devices from the series of Samsung Galaxy S25 and Google Pixel 9 smartphones. Upgrades enabling this service start today and will continue over the next two weeks. "We are committed to powering the lives of our customers. Verizon’s network is America’s largest and already covers 99% of the places where people live, work and play. This expansion of satellite texting capabilities is a testament to our commitment to ensure customers stay connected wherever they are," said Joe Russo, EVP & President, Global Network and Technology. “We know our customers expect more and we continue to innovate for them.” Verizon continues to push the boundaries of satellite and terrestrial telecommunications convergence. Satellites are no longer reserved for the extraordinary—they are woven into the everyday, and are being used to help connect and power customers’ lives. Verizon's strategic approach to satellite integration extends beyond basic satellite-to-cellular messaging. This announcement comes on the heels of Verizon’s recent work testing data services and video calling via satellite connectivity. The company also utilizes satellite technology for various purposes, including providing reliable service in emergency situations through satellite-linked portable assets, using satellite connections as temporary backhaul for new cell sites, and providing satellite IoT capabilities for various industries. 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 $134.8 billion in 2024. 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 CONTACT:Karen Schulz864.561.1527Karen.schulz@verizonwireless.com

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