Verizon’s prepaid brands to launch enhanced global connectivity plans

NEW YORK - Verizon Value’s prepaid brands Simple Mobile and Total Wireless will introduce new plans with expanded global connectivity features starting Wednesday, August 28, according to a company press release. The initiative comes from Verizon (VZ), a prominent player in telecommunications with a market capitalization of $189 billion and annual revenue exceeding $137 billion. According to InvestingPro analysis, the company’s stock is currently trading near its 52-week high, suggesting strong market confidence in its strategic direction.

The enhanced offerings aim to address increasing demand for international connectivity as travel patterns evolve, particularly noting growth in US visitors to Asia reaching nearly one-third higher than previous levels.

Simple Mobile’s updated lineup includes five plans ranging from $25 to $60 monthly. The top-tier $60 Unlimited World+ plan offers unlimited access to Verizon’s 5G Ultra Wideband network, unlimited calling to over 200 countries, and international roaming in more than 140 countries.

Total Wireless is revamping its unlimited plan structure with three options priced from $40 to $65 monthly. The company is doubling its roaming coverage to more than 30 countries and adding 95 countries for international calling. All plans include 5G nationwide coverage with unlimited data and pricing guaranteed for five years with taxes and fees included.

"Our new enhancements reflect our deep understanding of our customers’ evolving needs for global connectivity," said David Kim, Chief Revenue Officer of Verizon Value, in the statement.

The dual-brand launch represents part of Verizon Value’s portfolio strategy, with each brand targeting different customer segments while utilizing Verizon’s network infrastructure. Both brands are part of Verizon Value’s prepaid portfolio, which includes several other brands such as Straight Talk, Visible, and Tracfone. InvestingPro data reveals that Verizon maintains a strong financial position with a P/E ratio of 10.45 and an impressive dividend yield of 6.03%, having raised its dividend for 20 consecutive years. For deeper insights into Verizon’s financial health and growth potential, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.

The new plans will be available through all distribution channels including national retail locations, authorized dealers, and online platforms. With Verizon’s solid financial health score and consistent profitability, as reported by InvestingPro, the company appears well-positioned to support this expansion of its prepaid services portfolio.

In other recent news, Verizon Communications reported earnings that exceeded financial expectations while meeting consensus projections for wireless subscriber metrics. The company’s service revenues grew by 1.6%, and EBITDA increased by 4.1%, consistent with its first-quarter performance. JPMorgan raised its price target for Verizon to $49, citing the company’s focus on profitability over subscriber growth. RBC Capital also adjusted its price target from $45 to $46, maintaining a Sector Perform rating. Meanwhile, UBS reiterated its Neutral rating with a $45 price target, noting mixed results with improved profits but increased churn rates. KeyBanc Capital Markets kept its Sector Weight rating, adjusting its 2025 and 2026 adjusted EBITDA estimates upward, highlighting more negatives than positives in the second-quarter results. Additionally, Verizon is expanding its Manhattan presence by leasing a 200,000-square-foot space near Penn Station to consolidate over 1,000 employees into a new headquarters next year.

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