Verizon Wireless is upgrading Motorola Mobility's Droid Bionic to Google's Android 4.1.2 Jelly Bean mobile operating system. The operator will push out the over-the-air software update in phases, beginning today.
Verizon Wireless announced it will no longer allow customers to upgrade their handset at a subsidized price before the end of their 24-month contract. Previously, the carrier allowed some subscribers to upgrade their phones at a subsidized price after 20 months.
BlackBerry's shares tumbled nearly 8 percent Thursday, the most in two weeks, as financial analysts questioned the strength of early sales of the Z10, the company's flagship smartphone running its new BlackBerry 10 platform.
Verizon Wireless confirmed that tomorrow the carrier will launch a prepaid plan that includes 500 minutes and unlimited mobile web and texting. The plan will go for $35 per month and will only be available on basic phones.
The FCC said it will hold a workshop on May 3 to discuss the technical details of the proposed spectrum band plan that will result from its planned incentive auctions of 600 MHz broadcast TV spectrum, which are scheduled to start next year.
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.
Vodafone's shares slipped more than 3 per cent after the company and Verizon Communications denied a report about plans to break up the UK-based operator.
Verizon Communications quashed a report that it plans to make a bid for Vodafone's assets with AT&T in a deal valued at $245 billion. However, Verizon reiterated it still has an interest in buying Vodafone's 45 percent stake in Verizon Wireless.
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.
Verizon Wireless finalized the purchase of Mohave Wireless from Frontier Communications and Rio Virgin Telephone, which had been running the carrier. Financial terms of the deal were not disclosed.