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NEW YORK - Verizon (NYSE: VZ), a prominent player in the telecommunications industry with a market cap of $182.6 billion, announced Thursday it will become the first wireless carrier to offer Meta’s new Ray-Ban Display AI glasses in the United States, with availability beginning this fall at select Verizon retail locations. According to InvestingPro analysis, the company currently appears undervalued based on its Fair Value estimates.
The smart glasses, which were unveiled at Meta’s Connect conference last week, feature a full-color, high-resolution in-lens display that allows users to view digital content while maintaining awareness of their surroundings.
When paired with Meta’s Neural Band accessory, the glasses can be controlled through hand gestures, enabling users to view messages, make video calls, and access AI features without using a smartphone.
The wearable technology includes capabilities such as real-time language translation, live captions, and turn-by-turn walking directions with visual maps in select cities, according to the company.
Verizon said customers will be able to schedule in-person demonstrations at participating stores when the product launches later this year. Pricing details were not disclosed in the announcement.
The partnership represents Verizon’s efforts to expand its product offerings beyond traditional mobile services as competition in the telecommunications sector continues to intensify.
Meta’s entry into the smart glasses market with display technology follows earlier collaborations with Ray-Ban on camera-equipped glasses that lacked visual displays.
The information is based on a press release statement from Verizon Communications Inc. (NYSE, Nasdaq:VZ).
In other recent news, Verizon Communications has announced a quarterly dividend increase, raising it by 1.25 cents to 69 cents per share. This marks the company’s 19th consecutive annual dividend increase, with the payout scheduled for November 3, 2025. Additionally, Verizon’s stock has been initiated with a Buy rating by Goldman Sachs, which set a price target of $49.00. The investment bank recognizes Verizon as the largest mobile network operator in the United States. Furthermore, Verizon has elected Jennifer K. Mann to its board of directors, bringing her experience as Executive Vice President and President of the North America Operating Unit at The Coca-Cola Company. In another development, Verizon’s prepaid brands, Simple Mobile and Total Wireless, will launch new plans with enhanced global connectivity features. This initiative addresses the growing demand for international connectivity, especially as travel patterns evolve. Meanwhile, EchoStar’s recent decision to sell its spectrum licenses to SpaceX for approximately $17 billion has raised concerns about increased competition in the telecommunications sector.
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