Verizon CFO Fran Shammo said the carrier is starting to see some momentum in its Go90 business after it conducted some unspecified work on the service's platform. And he said Verizon would provide some insight into its Go90 business sometime in the third quarter.
Verizon's CFO said the company is making progress on the sale of its data centers, and expects to make a final decide whether it will sell the asset within the next three months.
Verizon's Fran Shammo said he is not concerned about cable operators like Comcast and Charter Communications launching wireless services through MVNO agreements with Verizon. In fact, Shammo said that Verizon would ink an MVNO agreement with Europe's Altice, which has acquired Suddenlink in the United States and is close to closing its agreement to purchase Cablevision.
Verizon recently did an about-face on its moratorium for new FiOS FTTH expansions by announcing a six-year, $300 million deal to build out FiOS in Boston that will begin this year. In FierceTelecom 's latest feature, I take a look at how Verizon found that bringing its FiOS network to Boston will fulfill not only residential service needs, but also other purposes like wireless backhaul and emerging smart city applications.
The mobile world has been buzzing about 5G in recent months, with Verizon saying earlier this year it plans to begin launching commercial services as early as next year. But it's increasingly apparent that U.S. consumers won't have access to truly mobile 5G offerings for at least a few more years.
Verizon wireline revenue estimates for the upcoming second quarter have been lowered by Wells Fargo by $343 million, to $7.52 billion, as the telco reported that installation of new FiOS subscribers has plummeted during the wireline labor strike.
Verizon has not yet come to an agreement with the wireline workers represented by the CWA and IBEW, but a top company executive says they are getting closer to a resolution as the strike enters its sixth week.
Verizon's recent announcement to bring FiOS to Boston -- one of the cities that was initially left out of its initial build target-- was driven by a desire to fulfill its wireless LTE and business service desires, its top financial executive said.
U.S. carriers are increasingly moving away from two-year contracts and subsidized handsets in favor of equipment installment plans and leased devices. But in Verizon's case, at least, customers aren't always following.
AT&T announced it is partnering with the data management company Globecomm to launch a service linking satellites to its cell network. The offering enables IoT devices to automatically switch to satellites when cell connectivity is unavailable, eliminating the need for businesses to purchase cell and satellite service separately and allowing them to use both to manage their devices, networks and applications.