Is Verizon the New Cable Bundle?

By Travis Hoium – Jan 11, 2023 at 12:30PM

NYSE: VZ

Verizon Communications

Market Cap

$166B

Today's Change

(-0.68%) -$0.27

Current Price

$39.22

Price as of April 25, 2024, 4:00 p.m. ET

The telecom giant could get a boost from bundling with streamers.

Verizon (VZ -0.68%) is no longer just a mobile phone network -- it's providing broadband services and now bundling with streaming providers. This is the new cable bundle, like it or not.

*Stock prices used were the end-of-day prices of Jan. 9, 2023. The video was published on Jan. 11, 2023.

Travis Hoium has positions in Apple, Verizon Communications, and Walt Disney. The Motley Fool has positions in and recommends Apple and Walt Disney. The Motley Fool recommends Comcast and Verizon Communications and recommends the following options: long January 2024 $145 calls on Walt Disney, long March 2023 $120 calls on Apple, short January 2024 $155 calls on Walt Disney, and short March 2023 $130 calls on Apple. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.