Verizon will buy video conferencing company BlueJeans [CNBC]
Verizon Communications Inc. (VZ)
Last verizon communications inc. earnings: 4/24 07:30 am
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Source: CNBC
VerizonVerizon will pay about $400 million in the deal, CNBC's David Faber reported.Many enterprise tools likeZoomSlackMicrosoft"As the way we work continues to change, it is absolutely critical for businesses and public sector customers to have access to a comprehensive suite of offerings that are enterprise ready, secure, frictionless and that integrate with existing tools," Verizon Business CEO Tami Erwin said in a statement.Zoom, which quickly became one of the most popular conferencing tools once stay-at-home orders set in, has recently stumbled into some speed bumps, creating an opening for rivals. Afterprivacy and security issues with Zoom came to lightNew York City Department of Education"We see an opportunity with our distribution channel," Vestberg said of competing with companies like Zoom. He added that BlueJeans will be built into the company's 5G offering.Including the conferencing tool in its 5G network could help Verizon compete with other carriers, including the newly
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VZ
Earnings
- 10/29/25 - Beat
VZ
Sec Filings
- 12/5/25 - Form 4
- 12/5/25 - Form 4
- 12/5/25 - Form 4
- VZ's page on the SEC website