The American telecommunication giant is rolling out its new WIFI calling service on December 8, 2015.
On Friday, the American telecommunication giant, Verizon Communication Inc. announced that it will be rolling out a software update on December 8, 2015 which will allow Verizon users to make calls via WIFI. This novel feature will be available on Android smartphones at first, exclusively on Samsung Galaxy S6 and S6 edge.
Verizon Communication Inc. has decided to roll this new feature out for its users mostly in areas where its service is not very strong yet. In the beginning it’ll be on Samsung’s flagship but by the year 2016, the company announced that it will be available on other android devices as well as the iPhone. Since other carriers are already providing the service, including AT&T, the telecom giant will need to go the extra mile to attract users and put forth a smart marketing strategy.
AT&T is the New Jersey based telecom company’s biggest competitor that rolled the same WiFI calling service earlier in October. Although the service launched by AT&T is exclusively for iPhones as the moment. These WIFI costs, at the time, are said to be cost free but it is expected that it might incur some cost on international calling.
The WIFI calling feature can be switched on, after the software update is rolled out, by activating the advanced calling option on the phone and then switching on the WIFI. Nowadays, people prefer using wireless networks and what could be better if can make calls via it now. Currently, this is a great tool for networks that do not have presence in some areas at least they can still communicate regardless of the poor network coverage.
Another positive aspect of this feature is that it could easily reduce users service spending. Calling is quite expensive due to which people prefer not to make too many calls now with the WIFI calling options they do not have to worry about the added cost they would incur without it. A number of other carriers have become interested in this as well such as Scratch Wireless and Republic Wireless.
On a separate note, Verizon stock was being traded at a share price of $45.70 which signified an increase of 2.56% in comparison to its previous price per share which was $44.56. The highest level at which the share price, during the course of the session was seen at was $45.78 with a low of $44.71. The current market capital of the telecommunication company is $185.99 billion. The earnings per share reported by the telecom company were 2.51 and a price to earnings ratio of 18.18.
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