Verizon Communications (VZ) Joins Wireless Venture To Close U.S. Coverage Gaps

Verizon Communications (NYSE:VZ), AT&T and T-Mobile formed a new joint venture to widen U.S. wireless coverage in underserved regions. The partnership targets near elimination of domestic coverage gaps, with a focus on rural communities and remote travel corridors. The venture also plans to strengthen emergency connectivity and support satellite and direct-to-device links for critical services. This push to close coverage gaps and expand satellite access is important, but investors need to weigh more than this venture. Take a look at 1 warning sign we have identified for Verizon Communications.