The FCC set a total reserve price of $10.587 billion for the airwaves it will auction in the AWS-3 spectrum auction set for this fall. The commission also set out complex rules and bidding procedures for the auction, and carriers will bid on both paired and unpaired spectrum blocks in the same auction.
Verizon Wireless is quietly building a major business around tablets, one that could help the carrier maintain its leading position as rivals undercut its prices and overcome its LTE coverage advantage. Verizon's tablet strategy has become significantly clearer during the past several months, and it's definitely an important strategy.
Verizon Wireless surged back to subscriber growth in the second quarter, though the vast majority of its roughly 1.4 million new subscribers in the period purchased tablets, not phones.
Verizon Wireless will launch its Smart Reward program nationwide on July 24, giving all of its postpaid customers access to its customer loyalty program. The program, which was launched earlier this year in select markets, allows customers to accumulate points and then use those points toward discounts on the purchase of various goods and services.
Wireless carriers have largely shifted to charging customers based on how much data they use, with voice and texting becoming unlimited commodities, and Verizon Wireless has come out on top in that business model, according to a new survey. According to a report from Consumer Intelligence Research Partners, Verizon has the most customers paying more than $100 per month on average.
Verizon Wireless and AT&T have signaled their opposition to proposals from T-Mobile US and Dish Network to effectively split the upcoming auction of AWS-3 spectrum between paired and unpaired airwaves.
T-Mobile US said it launched LTE service in Las Vegas on "Wideband" 15x15 MHz channels, making it one of 17 markets where T-Mobile is touting more capacity and faster speeds.
Verizon Wireless confirmed it is launching LTE data service for its prepaid customers for the first time starting on July 17. The nation's other Tier 1 wireless carriers already offer LTE connections to their prepaid subscribers. Verizon has up until now limited its prepaid customers to its 3G CDMA network.
Verizon stock, more volatile than the late-afternoon weather in July, turned sharply upward yesterday after CEO Lowell McAdam said its wireless arm would report more than 1.4 million retail postpaid additions in the second quarter.
During an appearance on CNBC, Verizon Communications CEO Lowell McAdam said the company will report "over 1.4 million" postpaid net customer additions in the second quarter. That's way up from the 941,000 postpaid customers Verizon added in the second quarter of last year.