Don't expect Verizon Wireless to join its rivals in offering a rollover data plan, according to Verizon Communications CFO Fran Shammo.
AT&T's disclosure that it entered into credit agreements worth more than $11 billion has prompted some financial analysts to think that the company may wind up buying more airwaves at the AWS-3 spectrum auction than Verizon Wireless, spending anywhere from $20 billion to $22 billion at the auction.
Verizon Wireless delivered strong subscriber growth in the fourth quarter, beating financial analysts' expectations, but the carrier also saw higher than usual churn and its margins dipped amid increasing promotions. Taken together, the results show that while Verizon continues to show resilience it is not immune to rising competition from Sprint, T-Mobile US and AT&T Mobility.
Verizon Wireless and T-Mobile US' MetroPCS prepaid brand launched dueling new offers aimed at enticing prepaid customers to sign up and use more data. Verizon's new pricing comes a week after T-Mobile unveiled new prepaid plans under its "Simply Prepaid" brand starting at $40 per month.
AT&T Mobility, as expected, has challenged a December ruling from the FCC that sided with T-Mobile US and smaller carriers in a dispute over what constitutes a "commercially reasonable" data roaming agreement. Verizon Wireless also challenged the ruling.
Google is interested in buying mobile payments company Softcard, according to multiple reports, in a deal that would bring Google into closer alignment with wireless carriers and that would consolidate the payments market just as Apple Pay is getting off the ground.
The FCC's AWS-3 spectrum auction is nearing the bitter end, with total provisional winning bids topping $44.68 billion and unlikely to go much higher. Now, attention is turning to what will happen once the auction officially closes--and how carriers will come up with the money to cover their bids.
How did the wireless industry perform in the fourth quarter of 2014? Check here throughout the fourth-quarter earnings report season for full earnings reports from the wireless industry's carriers, handset makers, equipment suppliers and others.
Cincinnati Bell Wireless, which is in the process of shutting down its service and selling its spectrum to Verizon Wireless, is facing criticisms from customers than the transition has been anything but smooth. Cincinnati Bell will continue to provide service to its wireless customers through Feb. 28.
With a somewhat bumpy fourth-quarter reporting season expected for the Tier 1 wireless carriers, analysts at Jefferies are hoping for more "rational" pricing behavior from the large operators in 2015.