Verizon isn't seeing its largest enterprise business customers making major investments in new technology transitions or platforms, despite the stability of the segment.
Verizon is taking a page out of the Google Fiber playbook, taking pre-orders for FiOS broadband service ahead of its launch in Boston.
Verizon CEO Lowell McAdam said that the carrier's 5G tests in its Basking Ridge, New Jersey, headquarters have shown speeds of up to 1.8 Gbps, and he hinted that the range of that service could reach up to 1,000 meters. And McAdam said that a fixed deployment of 5G technology could be profitable enough to provide the carrier a complete return on its investment in the technology, irrespective of a mobile 5G service.
Frontier Communications lost a large set of potential customers-- 40,000 to be exact-- during its problematic switchover of Verizon's wireline assets to its own systems in three states. The newly signed-up subscribers decided to look elsewhere for service after their orders could not be fulfilled by the promised service activation date.
Verizon wireline revenue estimates for the upcoming second quarter have been lowered by Wells Fargo by $343 million, to $7.52 billion, as the telco reported that installation of new FiOS subscribers has plummeted during the wireline labor strike.
Frontier Communications attributes some of the outage and network issues its customers faced in California to corrupt data it received from Verizon after acquiring the telco's wireline assets in three states.
Verizon has not yet come to an agreement with the wireline workers represented by the CWA and IBEW, but a top company executive says they are getting closer to a resolution as the strike enters its sixth week.
Verizon's recent announcement to bring FiOS to Boston -- one of the cities that was initially left out of its initial build target-- was driven by a desire to fulfill its wireless LTE and business service desires, its top financial executive said.
Frontier Communications has put together an action plan to remedy service issues in Florida that appeared following its acquisition and cutover of Verizon's wireline properties in the state.
Dish Network is lobbying the FCC to deny Verizon's proposed $1.8 billion acquisition of XO Communications' spectrum assets and fiber business, claiming among other things that the deal would have an adverse impact on competition in multiple markets.