In 2013 Sprint CEO Dan Hesse had probably his busiest year at the helm of the carrier since he came on board in late 2007, and the company handsomely rewarded him for his efforts. Hesse scored a total compensation package of $49 million in 2013, according to a filing with the Securities and Exchange Commission. That figure is far above Hesse's 2012 compensation and made him easily the highest-paid executive in the wireless industry last year.
Verizon CEO Lowell McAdam said he has had discussions with the CEOs of major content providers about launching an over-the-top pay-TV service which would rely on either a "bring your own broadband" model or Verizon's LTE network.
Verizon Communications' new product development group will focus on combining the company's wireless and wireline assets in areas including video and security, according to Verizon Communications CEO Lowell McAdam.
On the heels of Verizon Communications' close of its $130 billion purchase of Vodafone's 45 percent stake in Verizon Wireless, the company announced today that it is forming a new product development and management group that will be headed by Marni Walden, formerly the COO of Verizon Wireless.
On Feb. 21, Verizon Communications expects to close the world's biggest financial transaction in more than a decade: The $130 billion acquisition of Vodafone's 45 percent stake in Verizon Wireless. Verizon CEO Lowell McAdam has said "One Verizon" will arise out of the combination of Verizon Communications and Verizon Wireless. But what exactly will One Verizon do that Verizon Wireless and Verizon Communications cannot?
When the Denver Broncos won their final playoff game two weeks ago, I actually told my boyfriend something to the effect of, "If we get tickets to the Super Bowl, we'll not only get to see the Broncos play, but we'll get to check out Verizon Wireless' LTE Broadcast service that they've been planning for the big game."
Verizon said Tuesday that it plans to launch "next-generation" video services on its FiOS TV platform and through a new over-top-video service, using the OnCue interactive TV technology it picked up through the acquisition of Intel's Intel Media division.
Verizon's FiOS products are helping it win back commercial customers who had jumped to cable operators or services marketed by competitive local exchange carriers, CEO Lowell McAdam said Tuesday.
A merger deal that results in the U.S. mobile market having only three national operators rather than four might be approved but only if the parties involved divest some of their spectrum holdings, predicted Verizon Communications CEO Lowell McAdam.
Verizon Wireless is struggling to meet a surge in online video traffic, which has caused the carrier's network performance to drop in key metropolitan areas and is costing the operator millions of dollars in network upgrades.