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Verizon elects Charles Phillips to its Board of Directors. NEW YORK, Sept. 29, 2026 (GLOBE NEWSWIRE) - Verizon Communications Inc. (NYSE, Nasdaq: VZ) today announced the election of Charles Phillips, Co-Founder & Managing Partner of Recognize Partners LP ("Recognize"), to the Verizon Board of Directors, effective immediately. "Charles is an accomplished leader with distinctive experience in technology, financial and regulatory environments," said Dan Schulman, Verizon CEO. "We look forward to his perspective and contributions on the board to help us innovate faster, delight our customers and drive sustainable, long-term value for our shareholders." With the addition of Mr. Phillips, the Verizon board consists of 10 directors with a broad mix of perspectives and expertise. Mr. Phillips has served as Co-Founder and Managing Partner of Recognize, a private equity firm focused on investing in technology services businesses, since January 2020. Prior to Recognize, Mr. Phillips was the Executive Chairman of Infor, Inc., an enterprise software application provider, from 2019 to 2020 and Chief Executive Officer from 2010 to 2020. He served as President of Oracle Corporation from 2003 to 2010 and as a Managing Director in Morgan Stanley's Technology Group from 1996 to 2003. Mr. Phillips also served as Captain in the U.S. Marine Corps. Mr. Phillips holds a B.S. in Computer Science from the U.S. Air Force Academy, an M.B.A. from Hampton University and a J.D. from New York Law School. He also serves on the boards of directors of American Express, Bloomberg LP, Compass Inc., the Apollo Theater, and the Council of Foreign Relations. Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mobility, reliable network connectivity and security. Headquartered in New York City, serving countries worldwide and nearly all of the Fortune 500, Verizon generated revenues of $138.2 billion in 2025. Verizon's world-class team never stops innovating to meet customers where they are today and equip them for the needs of tomorrow. For more, visit verizon.com or find a retail location at verizon.com/stores

Verizon takes on T-Mobile with new phone plan for customers. September 29, 2026 Verizon has quietly introduced a new phone plan that directly competes with a low-priced offering that T-Mobile recently launched. As Americans look for ways to cut their monthly expenses, T-Mobile rolled out its Super Essentials Saver wireless plan in August, exclusively for Walmart customers. The plan is $25 per line per month (with the autopay discount applied) and includes unlimited 5G data, 50GB of premium data, Scam Shield, and unlimited text, talk, hotspot, and 3G hotspot. It also offers coverage in Canada and Mexico, as well as unlimited texting in over 215 countries. Customers can get up to two lines of service on the Super Essentials Saver plan, with no activation fee or port-in requirement. Verizon launches its own Walmart-exclusive phone plan. The battle for value-conscious customers has just intensified as Verizon is countering T-Mobile's new offer with its own low-priced, Walmart-exclusive wireless plan. The new offering is $25 per line per month (with autopay enabled), just like T-Mobile's new Super Essentials Saver plan. The discounted Simplicity option includes premium unlimited text, talk and data, 720p streaming and 10GB of high-speed hotspot data. However, if customers on this plan are traveling, they would need to get a travel pass for $12 a day to get unlimited talk, text and data for 24 hours in over 210 countries/destinations. The plan allows customers to add up to 12 lines, and it is stackable with Verizon's $15 Bring a Number discount. Also, it is a "limited-time offer" available only to new customers switching from another carrier, according to the advertisement. Verizon doubles down on value after customer losses. The new Walmart-exclusive offering from Verizon comes as the carrier rolls out more value-focused wireless plans after losing about 2.25 million wireless customers over the past three years. Verizon CEO Dan Schulman said on an earnings call in January that these losses were due to factors such as price increases and heightened competition. In a June Light Reading article, Roger Entner, a lead analyst at Recon Analytics, wrote that "Verizon's value-for-money perception has run negative for the last two years." "Customers like Verizon but dislike what it costs relative to what they believe they get," wrote Entner. More Verizon News: One of the new plans Verizon recently introduced to address this problem is its Simplicity phone plan, which launched in June and offers wireless service for $45 a month, or $30 with autopay and the Switcher discount. The carrier also launched its Verizon One plan, combining mobile and home internet service for $70 per month. Verizon's recent push toward more value-focused plans now extends to the retail channel, where it is following T-Mobile's lead with a low-priced Walmart-exclusive wireless plan. The move aligns with growing consumer interest in purchasing mobile service from retailers. According to a survey from Oxio in March, 56% of U.S. consumers would consider buying their mobile service from a retailer, up from 50% in 2025. "Trust is becoming a competitive lever," said Oxio CEO Nicolas Girard in the survey release. "Retailers and digital-first brands are emerging as credible places to buy mobile service. Familiarity, accountability and perceived fairness matter more when consumers are watching every fee."