Verizon's chief says that despite emerging rumors about the company's future, the telco has no intention of divesting any more of its wireline assets.
Verizon may have a strong set of wireline and wireless assets, but the telco does not see itself following its European service provider counterparts in offering a quad-play service bundle for its consumers.
Verizon's recent decision to turn down the $144 million of the second phase of the FCC's Connect America Fund (CAF-II) comes at a time when new rumors have emerged that it could hang up more of its wireline assets. So who would be the potential bidders for Verizon's wireline assets?
Verizon is not accepting funding of $144 million total per year for six years to expand broadband in the rural areas it serves from the second phase of the FCC's Connect America Fund (CAF-II), fueling new rumors that it's considering a sale of another large piece of its wireline asset portfolio.
Frontier Communications will soon debut a new 100 Mbps service tier in the Connecticut markets the company acquired from AT&T. During the company's earnings call earlier this month CEO Daniel McCarthy confirmed those plans but did not reveal any pricing details for the new service.
Frontier is seeing growing demand for wholesale Ethernet services, particularly from regional ISPs that need off-net access for their business customers in the secondary and tertiary markets the telco serves.
Frontier Communications may have seen a $5 million revenue decline in Connecticut revenues, a factor it anticipated due to broadband pricing migrations, but it is fighting that trend by introducing a new 100 Mbps residential DSL speed tier.
Frontier plans to revamp its FiOS platform and expand the FTTH network in the three markets it will enter once its pending acquisition of Verizon's wireline assets takes place.
Frontier Communications has reached an agreement with California workers represented by the Communications Workers of America District 9 union, clearing another obstacle to complete its acquisition of Verizon's wireline business in the state.
Frontier Communications said in an FCC filing that it is on track with the broadband expansions it promised to make when it purchased Verizon's rural assets in 2010 and AT&T's Connecticut wireline assets in 2014.