Telecommunications major Verizon Communications Inc. (VZ) and the National Football League (NFL) have announced a 10-year partnership that will utilize 5G to support innovation and technology adoption throughout the league. Following the news, shares of the company declined marginally on Thursday. The stock, however, pared its losses slightly in extended trade and closed at $54.51. Through this partnership, Verizon and the NFL aim to harness the power of 5G to positively impact management, scouting, training, health and safety and game-day operations. Further, it aims to enhance the stadium experience for audiences with features like Verizon 5G Multi-View and expansion of the deployment of 5G Ultra Wideband.
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Verizon Communications (NYSE:VZ)
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