Zoom Video Jumps Midday on Verizon Partnership

Investing.com - Zoom Video Communications (NASDAQ:ZM) was higher in midday trade on Thursday after the company announced it was working with Verizon (NYSE:VZ) to expand its communication platform.

Zoom gained 5.7% while Verizon inched up 0.2%.

The partnership will allow all of Verizon’s business customers to access Zoom as a cloud service.

“The addition of Zoom to our collaboration partner portfolio enables our business customers get access to technology that hits both marks – ease of use and performance,” said Shawn Hakl, senior vice president of business products for Verizon.

Verizon customers will have access to 50 countries using call-in numbers and can join in a Zoom meeting from a Verizon phone at no additional cost.

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