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6/21, 6:50 PM (Source: TeleTrader)
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Verizon acquires precise positioning firm Senion

Verizon Communications Inc. announced on Monday it has acquired precise positioning company Senion for an undisclosed amount.

"Combining Senion’s superior technology with the location-accuracy, speed, throughput and reliability of Verizon's 5G platform will help us push the boundaries of what's possible," commented Executive Director of Verizon Location Technology, Jeff Frantz.

Verizon's stocks rose 0.87% to trade for $56.30 per share following the announcement.

Breaking the News / ND