Verizon Business Expands Private 5G at Port of Virginia

NYSE:VZ   Verizon Communications Inc.
Key Takeaways:

1. The agreement between Norfolk International Terminal (NIT) and Verizon Business follows the successful deployment of a private 5G network at the neighboring Virginia International Terminal, another Port of Virginia property

2. The new network includes Verizon Push to Talk Plus, which is now available for use with the Verizon Private 5G Network offering.

3. The expansion of Private 5G at Port of Virginia terminals highlights Verizon’s Private 5G Network scalability and applicability in data-rich industrial environments.

Verizon Business and the Norfolk International Terminal (NIT) announced an agreement to build a Verizon Private 5G Network at their Virginia facility, following the successful deployment of Verizon Private 5G at the neighboring Virginia International Terminal (VIT). Both NIT and VIT are terminals within the Port of Virginia, highlighting the scalability of private 5G networks to meet unique connectivity demands throughout a complex, data-rich environment.

The Private 5G Network will cover 270 acres of the NIT campus with dedicated Ultra Wideband spectrum, replacing spotty outdoor WiFi and enabling secure, instant voice, text and data communication within the campus through Verizon Push to Talk Plus (PTT). PTT is a mobile app ideal for industrial and commercial worksite collaboration across phones, smartphones and tablets, all through the Verizon private Network.

Price Momentum
VZ is trading in the middle of its 52-week range and above its 200-day simple moving average.

What does this mean?
Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.

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