Verizon Communications Inc. amended the employment agreement for CEO Daniel H. Schulman, extending his initial term to December 31, 2028. The amendment includes a target long-term incentive award of at least $25 million for 2028, with specific vesting conditions related to a succession event. Verizon Communications Inc. operates in the telecommunications industry and provides wireless and wireline communications services.

Verizon Communications Inc. reported record 2Q26 results, with mobility and broadband service revenue growing 2.8% year-over-year to $23.4 billion. The company raised its full-year 2026 guidance for mobility and broadband service revenue, cash flow from operations, free cash flow, and adjusted EPS, with the adjusted EPS forecast of $4.99 to $5.04. The company also expanded its full-year share buyback target to up to $4.5 billion. Verizon is a telecommunications company providing mobility, reliable network connectivity, and security services.

Verizon Communications Inc. entered into a transaction agreement with BT Group plc and Jasper NewCo Limited to form a 50/50 joint venture for their respective international wireline connectivity and managed network services businesses. Verizon will contribute its business and make a $625 million cash payment to the new entity. The company expects to record an estimated loss of $700 million to $800 million due to the classification of the business as held for sale, along with severance charges of $350 million to $450 million and asset rationalization charges of $200 million to $300 million in Q2 2026. Verizon is a telecommunications company providing wireless and wireline services.