Verizon CEO Lowell McAdam told investors on Thursday during the Goldman Sachs Communicopia conference in New York that it plans to enter the burgeoning online video services race.
Verizon Communications is holding fast to its thesis that while it is on track to complete the buildout of FiOS to about 21 million premises, it will need a compelling reason to expand into new markets.
Verizon may have hung up on extending its fiber-to-the-home (FTTH) FiOS service into new areas, but its recent move to wire 60 Park Place in Newark, N.J., shows that it is still keen on bringing the service to more users in its existing markets.
Verizon is forking over $7.4 million to the FCC to resolve an investigation on how it used consumers' information for marketing purposes.
Verizon is signaling that it's ready to take another stab at the home automation market with a new service.
Verizon is stepping up its marketing efforts with its "SpeedMatch" campaign to tout the fact that it is upgrading all of its FiOS speed tiers to symmetrical.
Syracuse, N.Y., is tired of waiting for its two local service providers Verizon and Time Warner Cable to give it better broadband service so Mayor Stephanie Miner is investigating how the city could build its own fiber-based broadband network.
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 may be reaching the upper limit of penetration for fiber to the home (FTTH), but its move to provide symmetric speeds across all of its service offerings shows its desire once again to beat cable with fiber--particularly in the upstream direction.
Verizon Communications will commercially launch its LTE broadcast network in 2015 enabling it to broadcast events, such as sporting events, to a large number of subscribers at the same time. Fran Shammo, Verizon's CFO, said that the company will have the LTE broadcast network ready in third quarter with commercial launch next year. Shammo announced this development during the company's second quarter earnings call today.