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.
The FCC is looking to tighten the rules regarding the interconnection terms service providers like Verizon ask for to accept bandwidth-hungry Web traffic from third party providers like Netflix, reports Bloomberg citing an unnamed person close to the proposal.
Verizon is offering customers who use its FiOS Quantum Gateway a suite of guest Wi-Fi and enhanced parental controls.
Verizon is giving customers who use its FiOS Quantum Gateway something to smile about with a suite of guest Wi-Fi and enhanced parental controls.
Verizon Communications added 116,000 FiOS video subscribers in the fourth quarter, a 26 percent year-over-year uptick, upping its total video subscriber base to 5.6 million.
Verizon reported that strong consumer services and FiOS revenues helped the telco ease the pain of an overall decline in wireline revenues during the fourth quarter.
Verizon has once again taken the top spot on Netflix's monthly U.S. ISP Speed Index, maintaining its lead over a group of aggressive cable operators that are gaining ground in the speed race.
Frontier Communications has put another element of its video service business management team in place by naming Stephan LeVan as its new senior VP of video content and delivery.
Verizon CEO and Chairman Lowell McAdam says that a potential sale of some of its wireline assets could provide the company with various operational and process benefits.
Verizon may still be seeing slow growth in the enterprise space, but it's starting to see some potential light at the end of the tunnel that could bring it back into profitability over the next year.