Verizon Business News: Latest Acquisitions and Expansions in 2021
Verizon is one of the largest telecommunications companies in the world, providing services to millions of customers in more than 150 countries. In recent years, Verizon has expanded its business portfolio by acquiring companies that complement its core products and services. In this article, we will take a closer look at the latest acquisitions and expansions by Verizon in 2021.
Strategic Acquisitions
BlueJeans Network
In May 2021, Verizon acquired BlueJeans Network, a cloud-based video conferencing service provider. This acquisition was made to enhance Verizon’s unified communications and collaboration offerings, as well as strengthen its presence in the enterprise market. BlueJeans Network’s technology will be integrated with Verizon’s 5G capabilities to provide customers with a seamless video conferencing experience.
Sensity Systems
Verizon also acquired Sensity Systems, an Internet of Things (IoT) company that enables smart city solutions such as intelligent lighting and traffic management. This acquisition will allow Verizon to expand its IoT capabilities and offer innovative solutions to its enterprise and municipal customers.
Tracfone Wireless
In September 2020, Verizon completed the acquisition of Tracfone Wireless, a leading provider of prepaid wireless services in the US. This acquisition enables Verizon to strengthen its position in the prepaid market and expand its customer base.
Expansions
5G Coverage Expansion
Verizon has been rapidly expanding its 5G network coverage, with the goal of covering 200 million people by the end of 2021. As of June 2021, Verizon’s 5G Ultra Wideband coverage is available in parts of more than 70 cities in the US. The expansion of 5G coverage will provide customers with faster download and upload speeds, lower latency, and improved network reliability.
Verizon Business Solutions Center
In July 2021, Verizon opened its first Business Solutions Center in Atlanta, Georgia. This center will provide enterprise customers with a single location to access a range of Verizon’s products and services, including 5G, IoT, and security solutions. The center also features a showroom that allows customers to see firsthand how the latest technologies can improve their business processes.
Conclusion
Verizon’s recent acquisitions and expansions demonstrate its commitment to providing its customers with the latest and most innovative technology solutions. By acquiring companies such as BlueJeans Network and Sensity Systems, Verizon is expanding its capabilities in video conferencing and IoT, while the acquisition of Tracfone Wireless strengthens its position in the prepaid market. Additionally, the expansion of 5G coverage and the opening of the Business Solutions Center demonstrate Verizon’s continued efforts to offer cutting-edge technology solutions to its customers. As Verizon continues to expand its business portfolio, it will remain a key player in the telecommunications industry.
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