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.
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.