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.
Verizon reported an impressive retail postpaid churn rate of.96 percent in the first quarter, surprising analysts who predicted the carrier would lose more customers to T-Mobile and Sprint. But the biggest U.S. mobile network operator continues to bleed prepaid users, opting to cede the market to brands such as MetroPCS and Cricket.
Verizon CFO Fran Shammo reiterated the company's commitment to be the first U.S. company to roll out 5G wireless technology and made it clear that its initial pilot starting in 2017 is all about fixed wireless – not mobility.
Verizon continued to emphasize its ongoing strategies of targeting high-end wireless subscribers and expanding into media and advertising during its first-quarter earnings call Thursday. But it also pointed out recent cost-cutting efforts, underscoring the increasingly competitive landscape of the U.S. mobile market.
Verizon warned that the ongoing strike of 40,000 of its wireline workers could eventually affect the company's financial performance, although the company stopped short of offering specific financial guidance along those lines.
Verizon reported relatively solid results in its wireline business, showing revenue slightly below some analyst expectations but FiOS net customer additions of 98,000, above some predictions.
Verizon continued its aggressive expansion into media with the announcement that it will buy a 24.5 percent stake in AwesomenessTV, a digital video company owned by DreamWorks Animation that targets teens and preteens. The deal values AwesomenessTV at $650 million.
Verizon CFO Fran Shammo put to rest any speculation that the carrier is planning to launch unlimited data plans anytime soon. But the nation's largest mobile operator appears to have unlimited plans for mobile video advertising.
Verizon is confident that its acquisition of XO Communications' fiber assets will give it an array of new dark fiber facilities that can satisfy its wireless densification efforts and enhance its enterprise business.
Verizon subscribers will be able to watch zero-rated video through the carrier's Go90 app starting this week, CFO Fran Shammo said.