TV and radio stations owned by the Walt Disney Company and 21 st Century Fox are refusing to run commercials in New York promoting Verizon's new "Custom HD" pay-TV program bundle system, the wireless giant says.
Verizon is seeing more of its FiOS customers adopt its symmetrical 75 Mbps Quantum speed tier, a factor that's helped the telco offset an overall decline in first-quarter 2015 wireline revenue.
Frontier Communications is making another move to sweeten its existing FiOS fiber-to-the-home (FTTH) broadband offering by serving up symmetrical speeds for all of its existing speed tiers in Washington state.
Verizon has been adamant that it has no plans to expand FiOS service outside of the areas where it has established agreements with local communities, but that's not stopping the Communications Workers of America (CWA) from launching a campaign called "Where's My FiOS?" to bring the service to more cities.
Verizon's recent move to sell off its wireline assets in three markets to Frontier Communications will consolidate its fiber-to-the-premises (FTTP) FiOS service in the Northeast market, one where it will battle aggressive cable competition from Cablevision and a potentially soon-to-be-combined Comcast and Time Warner Cable for consumer broadband dollars.
Verizon recently confirmed that it would sell off its wireline assets in three markets to Frontier, but it appears that the telco would be happy to make similar deals if it found a buyer that would offer the right terms.
Verizon is realigning its top management team by reassigning its Verizon Wireless chief Dan Mead to a new role as executive vice president and president of Strategic Initiatives with a focus on overseeing the sale of its wireline properties in California, Florida and Texas to Frontier Communications.
By purchasing $10.5 billion in wireline assets from Verizon, Frontier Communications scales its fiber-to-the-home FiOS footprint from four to seven states. Out of the 2.2 million broadband subscribers it gains, 1.6 million are FiOS broadband customers.
Frontier Communications officially emerged as the suitor for the $10.5 billion in wireline assets that Verizon wants to offload, signifying its ongoing effort to scale its reach in new markets and deepen its presence in others it already serves. But it remains to be seen how Frontier integrates these new assets.
Verizon has made it official today that it is selling off wireline assets in three states to Frontier Communications for $10.5 billion. In a separate deal, Verizon is also selling over 11,300 of its company-owned wireless towers to American Tower Corporation for $5 billion.