Published - Mar 1, 2022 @ 02:03 PM (EET)
Verizon Business (NYSE:VZ) and BlackRock announced today that a private 5G network from Verizon will feature at BlackRock Inc.'s new Hudson Yards headquarters.
The deal brings secure 5G Ultra-Wideband connectivity that can replace office WiFi at Hudson Yards, the beginning of what the telecom giant expects to be a major new business opportunity.
Deployment of the On-Site 5G will allow BlackRock to take advantage of workplace-of-the-future tools and applications, including virtually enhanced training, AR/VR, enhanced security management and monitoring, real-time edge computing, and emerging data-centric technology.
BlackRock, the world's largest asset manager, plans to occupy 15 floors of the new 50 Hudson Yards tower while securing $25 million in tax credits from the state for keeping and creating jobs in New York.
"Our vision from the beginning was to create a world-class, tech-centric experience for our people and our clients. As we usher in a new world of work, the vibrant and dynamic environment that we are looking to create will give our people the best opportunities to succeed and better serve our clients." - COO Rob Goldstein of BlackRock.
LATEST ON VERIZON
Formed on 30 June 2000, Verizon Communications Inc. is one of the world's leading providers of technology and communications services, generating revenues of $133.6 billion in 2021.
Today, the Board of Directors at Verizon Communications Inc. declared a quarterly dividend of 64 cents per outstanding share and is payable on 2 May 2022. The company, which made $10.4 billion in cash dividend payments in 2021, has 4.198 billion shares of common stock outstanding.
In addition, Verizon appointed Maggie Hallback as senior vice president for Verizon Public Sector, leading the team that serves the company's federal, state, local, education, and Verizon Frontline public safety customers.
To help Verizon Public Sector customers achieve their mission, Hallback will assist the team in delivering network reliability, digital transformation, and advanced technologies.
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