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--Video accounts for 50 percent of Verizon Wireless' network traffic today and by 2017 the carrier estimates video will make up two-thirds of all traffic over the network. Speaking at the National Association of Broadcasters conference here yesterday, Verizon Communications CEO Lowell McAdam said that the company's investment in its LTE network is what is making the delivery of that video possible.
Verizon Communications CEO Lowell McAdam said Verizon Wireless could easily drop wireless contracts in the wake of T-Mobile USA's decision to do so--if consumers start asking for it. His comments reiterate what other top industry executives have said: That they will be watching to see how the market reacts to T-Mobile's new model and will respond accordingly.
During the past several weeks, publicly traded companies in the wireless industry revealed how much they pay their CEOs. The following lists the highest paid executives in wireless.
A top executive confirmed Verizon Wireless is working to deliver multicast video to customers using LTE Broadcast, a technology other mobile operators including Clearwire are reportedly starting to consider.
Not everyone will embrace T-Mobile's decision to do away with device subsidies. But I'm glad T-Mobile is making the switch, and at CES many industry players seem to agree.
The fourth quarter of 2012 was "the best fourth quarter in the history of Verizon Wireless," said Verizon Communications CEO Lowell McAdam, who credited the wireless operator's Share Everything plan for luring 2.1 million net additions to the carrier during the quarter, 30 percent of which were new to Verizon.
Next week in Las Vegas tens of thousands of technology and mobile executives, professionals and enthusiasts will gather for the 2013 Consumer Electronics Show. As in recent years, the wireless industry will have a significant presence at the show, but from what I'm hearing from analysts and insiders there may be less of a bang at this show than in years past.
Verizon Wireless is so far ahead of its competitors in terms of its LTE network coverage and quality that it will be a significant period of time before the other Tier 1 carriers are on the same level, according to Verizon Communications CEO Lowell McAdam. "I think at this point the various carriers with their network initiatives are playing catch up," he said.