Verizon Wireless will likely need to agree to tough restrictions on its proposed commercial deals with cable companies, according to a Reuters report, part of the carrier's $3.9 billion purchase of AWS spectrum from the MSOs.
Comcast said Tuesday that it will double the speeds of its Xfinity Blast! and Extreme 50 tiers, and that it will launch a $299.95 monthly 305 Mbps tier called Xfinity Platinum Internet in several markets.
AT&T added 155,000 U-verse TV and 553,000 U-verse Internet subscribers during the second quarter of 2012, growing its total U-verse subscriber count to 6.8 million.
A Verizon FiOS-festooned van recently parked just outside the 104-home enclave where I live. Presumably, some techs were messing with the telco's equipment hidden in a little wooded area there. They were not, I know, doing anything about connecting FiOS from the fiber running down the nearby county road and into my fiber-rich, FiOS infrastructure-prepared community.
Verizon may have ignited a new broadband-speed war last month with their Quantum FiOS offering, one that includes a 300/65 Mbps speed tier, but now it appears that Comcast is ready to take the telco on with its own 300 Mbps-plus offering.
Despite a slowdown in FiOS TV and FiOS Internet subscriber growth during the second quarter, Verizon CFO Fran Shammo said the telco is focused on boosting profit margins through additional rate hikes.
FiOS continues to be a shot in the arm for Verizon's wireline side, as the carrier posted a 2.5 percent year-over-year rise in consumer wireline revenues in Q2 2012. Wireline operating revenues declined 3.1 percent to $9.9 billion.
Verizon's 2.5 percent year-over-year second-quarter wireline consumer revenue increase--"the highest in several years," as the carrier said in its official earnings release--came mainly thanks to a still-growing FiOS business.
A consortium of cable companies--Comcast, Time Warner Cable, Bright House Networks (aka SpectrumCo) and Cox Communications--can't sell $3.9 billion worth of unused wireless spectrum to Verizon Wireless until they alleviate U.S. Justice Department concerns about a complementary cross-marketing agreement between the parties, the Washington Post reported.
Worldwide revenue growth for IPTV services in the next five years will outpace gains of the overall global pay-TV space, a market forecast released Wednesday indicates.