Verizon Board reauthorizes share repurchase plan
February 06 2020 - 3:13PM
The Board of Directors of Verizon Communications Inc. (NYSE,
Nasdaq: VZ) today authorized the corporation to repurchase up to
100 million shares of its common stock. Verizon’s previous
program, which expires on February 29, 2020, also authorized the
repurchase of 100 million shares. Under the prior
authorization, no shares were repurchased. The new authorization
supersedes the prior authorization, and no additional shares of
common stock of the corporation will be repurchased under the prior
authorization. The new program will terminate upon the earlier
of (i) the date on which the aggregate number of shares purchased
reaches 100 million, or (ii) the authorization of another
share repurchase plan that supersedes the current plan.
Verizon Communications Inc. (NYSE, Nasdaq: VZ) was
formed on June 30, 2000 and is celebrating its 20th year as one of
the world’s leading providers of technology, communications,
information and entertainment products and services. Headquartered
in New York City and with a presence around the world, Verizon
generated revenues of $131.9 billion in
2019. The company offers voice,
data and video services and solutions on its award winning networks
and platforms, delivering on customers’ demand for
mobility, reliable network connectivity, security and
control.
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Media contact:Eric
Wilkens908-559-3063eric.wilkens@verizon.com
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