It's no secret that the vast majority of what wireless executives say in public is not surprising. Usually it's a recitation of phrases, talking points and ideas they have made in the past that they are simply reinforcing. However, every once in a while, in an interview or unguarded moment, wireless executives can let loose a whopper.
Verizon will begin testing a FiOS Media server this fall which will deliver video wirelessly to TVs and other IP-connected devices in subscriber homes, eliminating the need for coaxial cable, CEO Lowell McAdam said Tuesday.
Verizon Wireless believes that competitors like Sprint, which offers unlimited data plans to customers for the life of their phone line, will eventually have difficulty maintaining that promise to customers.
Verizon Communications paid billions more than it had initially wanted to secure partner Vodafone's 45 percent stake in Verizon Wireless, according to a Wall Street Journal article, but the company felt it could not pass up the opportunity to get full control of its wireless operations.
Verizon Communications CEO Lowell McAdam said Verizon Wireless will not expand into the Canadian wireless market following Verizon's proposed $130 billion acquisition of Vodafone's 45 percent stake in Verizon Wireless. He said Verizon will now focus on a "One Verizon" strategy of more fully integrating its wireless and wireline assets in areas such as machine-to-machine and cloud computing.
After years of trying, Verizon Communications finally came to an agreement with Vodafone about resolving their joint-venture. Both will now focus on integrating their wireless and wireline assets. By going separate ways both companies try reach the same destination.
As had been expected, Verizon Communications and Vodafone reached an agreement in which Verizon will pay Vodafone $130 billion for its 45 percent stake in Verizon Wireless, capping a years-long saga that will give Verizon full control of its wireless operations and deliver a massive payout to Vodafone and its shareholders.
Verizon Wireless will pay a $7 billion dividend to parent companies Verizon Communications and Vodafone by the end of June, diffusing a potential source of tension between the two parents as speculation continues to burble that Verizon will buy Vodafone's 45 percent stake in the joint venture.
Verizon Communications CEO Lowell McAdam hinted that Verizon Wireless will not pay a dividend to its owners this year and will instead focus on paying off debt coming due, according to a financial analyst who had a meeting this week with McAdam.
LAS VEGAS--Verizon Communications Chairman and CEO Lowell McAdam said his company is being pressured by consumers to offer a la carte pricing for its FiOS TV service and he believes this is a concept worth considering.