Published - Mar 1, 2022 @ 02:03 PM (EET)

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‍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.

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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.  

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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.

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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.

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"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.

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LATEST ON VERIZON

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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.  

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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.

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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.

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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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To invest in Verizon visit MEXEM.

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