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 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.
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 Wireless is not talking to Dish Network about any kind of deal, according to Verizon Communications CEO Lowell McAdam.
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.
Check out the 10 highest-paid CEOs in wireless for 2013. The data comes from filings made with the Securities and Exchange Commission.
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.
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.
Verizon Communications and AT&T may be the next major telecommunications and broadband providers to strike interconnection agreements with Netflix similar to the one the streaming video service recently inked with Comcast. The deal with Comcast has sparked worries that net neutrality may be undermined as a result because Netflix will pay Comcast for faster and more reliable access to Comcast's customers.
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.