The fourth-quarter 2014 earnings season has begun, and FierceTelecom is tracking how key players in the wireline telecom industry performed. Check here throughout the fourth-quarter reporting season for updates on providers, vendors and integrators in this segment.
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Verizon is going to pay $5 million to settle an FCC inquiry into whether the service provider's rural customers could receive long distance or wireless calls to their traditional POTS phones.
AT&T reported that U-verse was the star performer in the wireline portfolio, rising 21.9 percent year-over-year in the fourth quarter of 2014, driving up residential wireline revenues slightly 0.1 percent to $5.6 billion.
A call made by President Barack Obama to the FCC asking the FCC to overturn a series of existing 20 existing state laws that either prohibit or outright ban cities and towns from building and operating their own broadband network businesses will face a number of legal challenges.
TE Connectivity is looking to sell its telecom and data equipment business to CommScope in a deal that could fetch nearly $3 billion, reports The Wall Street Journal, citing people close to the two companies.
Time Warner Cable Business Services (TWCBS) is giving current and new business customers that reside at One World Trade Center in Lower Manhattan the ability to access 10 Gbps Internet speeds.
Google Fiber is going to bring its 1 Gbps fiber-to-the-home (FTTH) service to four new metro areas, reports The Wall Street Journal, citing two people close to the issue.
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AT&T reported the addition of 73,000 U-verse TV subscribers in the fourth quarter, a significant decline from the 194,000 added in the same period of 2013. In its full year and Q4 earnings call with investors Tuesday, the conglomerate attributed the decline to a "strategic move to improve profitability" by concentrating on subscribers with lower churn rates.
Apple posted a blowout holiday quarter with sales of 74.5 million iPhones and $18 billion in net profit. The results were way above forecasts from most Wall Street analysts. "We'd like to thank our customers for an incredible quarter, which saw demand for Apple products soar to an all-time high," said Tim Cook, Apple's CEO. "Our revenue grew 30 percent over last year to $74.6 billion, and the execution by our teams to achieve these results was simply phenomenal."