6/21, 6:50 PM (Source: TeleTrader)
more TeleTrader news

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