Verizon Enterprise Solutions has won a multi-year agreement with Marriot International to deploy its cloud-hosted voice solution that was specifically designed for the hospitality industry.
Verizon may still be seeing slow growth in the enterprise space, but it's starting to see some potential light at the end of the tunnel that could bring it back into profitability over the next year.
A top Verizon Communications executive said the carrier doesn't plan to reduce spending on its wireless network, despite the fact that it has largely completed its nationwide macro LTE buildout. At the same time, Verizon CFO Fran Shammo said the carrier plans to increase its margins in its wireless business over time.
Claiming that Verizon Communications has always operated under an open Internet policy, company EVP and CFO Fran Shammo said today that he is confident the FCC will make the right decision regarding net neutrality. However, he added that if the regulation should pass, he is concerned that it will create a very litigious environment.
Verizon Enterprise has bolstered its business unit by expanding its relationship for five years with existing customer JetBlue Airways, giving the unit a much needed boost at a time when businesses are being conservative about spending money on communications infrastructure.
Verizon may have continued to add more FiOS Internet and video customers in the third quarter, but those gains were lower than what it reported in the same period a year ago, illustrating that it is continuing to reach the upper limits of penetration in its existing 13-state region.
Verizon Communications is not going to bid for assets that América Móvil is going to sell off, according to CFO Fran Shammo. Meanwhile, thanks to rules being put in place by Mexico's telecommunications regulators, AT&T could face hurdles if it decides to acquire some of the assets.
Verizon Communications plans to increase the price of its FiOS Video service in the fourth quarter to offset the hike in content licensing fees that will go into effect Jan. 1, said a top executive today. Speaking to investors during Verizon's third quarter earnings call, company EVP and CFO Fran Shammo said that the FiOS Video price hike is something the company did in fourth quarter 2013 and it will do again in 2014.
Verizon Wireless added more postpaid subscribers in the third quarter than financial analysts had expected, and the growth was again largely driven by tablet activations, not phones. Just as it did in the second quarter, in the third quarter Verizon relied heavily on tablet activations for the vast majority of its subscriber additions.
CenturyLink is seeking to shut down its legacy Frame Relay and ATM services in both its Embarq and CenturyTel affiliate regions, reflecting the service provider industry's ongoing shift to IP-based Ethernet business services. It filed a similar application for its Qwest affiliate last year.