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Verizon Communications

Latest Headlines

Latest Headlines

Verizon leads $9.4M investment in Flint Mobile mobile payments service

Verizon Communications lead a $9.4 million investment round in Flint Mobile, a mobile payments service that uses software to process transactions instead of hardware, giving the company a boost from a major carrier.

Verizon rules out buying América Móvil's assets, while AT&T could face hurdles to bidding

Verizon Communications is not going to bid for assets that América Móvil is going to sell off, according to CFO Fran Shammo. Meanwhile, thanks to rules being put in place by Mexico's telecommunications regulators, AT&T could face hurdles if it decides to acquire some of the assets.

Verizon teams with GE and Predix platform to connect Internet-enabled industrial machines

Verizon Communications is teaming up with General Electric to provide connectivity for GE's software-enabled industrial machines and devices. The partnership comes exactly a year after GE and AT&T struck a similar arrangement.

Report: Verizon hires financial advisers to explore tower sale, could raise $6B

Verizon Communications has hired TAP Advisors LLC to look into a sale of network assets including its cell towers, according to a  Reuters  report.

Analyst: Verizon could sell as many as 12,500 cell towers

Verizon Communications was opened up to the possibility of selling its wireless towers because of AT&T's agreement last year to sell and lease 9,700 of its cell towers to Crown Castle in a $4.85 billion deal, according to Verizon Communications CFO Fran Shammo. Financial analysts think that Verizon has around 12,500 to 15,000 towers and could be looking to sell a substantial portion of those.

Verizon's Shammo: 1M homes still need to be converted to fiber

Verizon Communications  is handling about 300,000 conversions from copper to fiber per year but it still has about 1 million homes left to convert to fiber before it wraps up its entire conversion plan that it has been working on for three years, said a top company executive today.  

Verizon's FiOS revenues rise 14.4% to $3.1B on strong broadband, video adds

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 exec embraces SDN and NFV, but warns of their impact

The trend toward Software-Defined Networking (SDN) and Network Function Virtualization (NFV) is one of the major networking transformations sweeping operators around the globe, but one Verizon executive warned that the carrier needs to think through how SDN and NFV will impact its actual operations.

Verizon's McAdam: We're not talking to Dish about any deals

Verizon Wireless is not talking to Dish Network about any kind of deal, according to Verizon Communications CEO Lowell McAdam.

Verizon falls to AT&T in Q1 with just 539K retail postpaid net adds

Verizon Wireless reported weaker subscriber growth for the first quarter on a year-over-year basis and its postpaid customer additions in the period were driven by the addition of tablet customers.