Wells Fargo analysts have lowered their subscriber-growth projections for Verizon's FiOS video service, citing increased competition from over-the-the top services.
Verizon is coming under fire again in New York City over claims that the service provider is preventing competitors' broadband data service from being delivered to their customers by blocking access to necessary fiber conduits.
Verizon has begun negotiations on a new contract for union workers represented by the Communications Workers of America (CWA) and the International Brotherhood of Electrical Workers (IBEW) amidst claims the telco is not meeting its FiOS and copper network repair obligations.
Cablevision is not giving up on challenging Verizon's claims that its FiOS network is 100 percent fiber-based, so it is combining its claims into one larger suit.
An audit conducted by New York City's Department of Information Technology and Telecommunications has found that Verizon Communications failed to deliver on its promise to provide fiber-optic service for television and broadband to anyone who wants them by 2014.
Verizon is seeing savings of 60 percent and greater from transitioning copper plant to an all-fiber network, said Sampath Sowmyanarayan, Verizon's senior vice president of transformation, while speaking at the Genband Perspectives 15 conference last month.
Frontier has launched a multifaceted offering of its shares and stock in order to raise the cash needed to finance part of its planned purchase of Verizon wireline properties in California, Florida and Texas.
Verizon collects a vast amount of data about its FiOS users, which is used to effectively halt subscriber cancellations amid a competitive pay-TV market, a company presentation at a New York Big Data conference revealed this week.
A top Frontier Communications executive revealed it is moving ahead with its trial of over-the-top video with its partner TiVo as a way to appeal to users who are not interested in traditional linear television services.
Verizon is finding that as more of its customers migrate over to FiOS or it switches copper customers onto a fiber-based voice connection, more of its customers are increasingly using their cell phones as their voice connection during a power outage.