Verizon Joins Rivals On Satellite JV And Future Coverage Story
Verizon Communications (NYSE:VZ) plans to join AT&T and T-Mobile in a new joint venture to reduce wireless dead zones across the U.S.
The companies intend to pool spectrum resources and work with satellite providers to support direct-to-device satellite connectivity.
The effort targets rural and underserved areas, as well as backup connectivity during emergencies, with common technical standards across networks.
For investors watching NYSE:VZ, this move comes with the stock trading at...
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