Verizon is giving customers who use its FiOS Quantum Gateway something to smile about with a suite of guest Wi-Fi and enhanced parental controls.
Don't expect Verizon Wireless to join its rivals in offering a rollover data plan, according to Verizon Communications CFO Fran Shammo.
Verizon Wireless delivered strong subscriber growth in the fourth quarter, beating financial analysts' expectations, but the carrier also saw higher than usual churn and its margins dipped amid increasing promotions. Taken together, the results show that while Verizon continues to show resilience it is not immune to rising competition from Sprint, T-Mobile US and AT&T Mobility.
The FCC plans to vote on net neutrality in late February, a move that will spur a series of legal challenges from telcos and industry groups on one of the key policy issues that will govern how Internet traffic is delivered to consumers.
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.