Verizon Communications will commercially launch its LTE broadcast network in 2015 enabling it to broadcast events, such as sporting events, to a large number of subscribers at the same time. Fran Shammo, Verizon's CFO, said that the company will have the LTE broadcast network ready in third quarter with commercial launch next year. Shammo announced this development during the company's second quarter earnings call today.
Verizon's FiOS results bounced back in the second quarter, with revenues rising 14.4 percent year-over-year to $3.1 billion due to an uptick in both broadband and video subscriptions.
Verizon Wireless surged back to subscriber growth in the second quarter, though the vast majority of its roughly 1.4 million new subscribers in the period purchased tablets, not phones.
Verizon Wireless' interest in deploying commercial LTE Multicast services has apparently not been lost on Anritsu. The vendor announced that one of its test systems now provides validated eMBMS test cases across spectrum bands for the U.S. market, and it specifically mentioned the system's "unique coverage" in the 700 MHz LTE Band 13 used by Verizon.
Verizon plans to complement its growing set of higher Quantum FiOS Internet speeds with a new Wi-Fi router that will support the multiple wireless devices consumers are using in their homes to access the Internet and other content.
Verizon Wireless will continue to respond to pricing changes in the market but is not going to go overboard in terms of a response, according to Verizon Communications CFO Fran Shammo.
Verizon Wireless confirmed that it expects to introduce VoLTE this year and will simultaneously roll out mobile high-definition (HD) voice using the W-AMR speech compression algorithm.
Verizon Communications has made it clear that it won't bring FiOS to any new markets, but CFO Fran Shammo told investors it would consider expansions once the current buildouts have given it the best return on its investment.
Comcast Cable President-CEO Neil Smit said today that things will start to move fast once the communications giant has the OK to acquire Time Warner Cable because, among other things, "we are very well aligned."
Verizon Wireless could potentially tap new business models thanks to LTE Multicast technology, though it will take a few years for customers to take advantage of it on a widespread basis, according to a top Verizon executive.