Verizon may be in the process of selling off its wireline assets in Florida to Frontier, but its move to offer new and existing FiOS customers that reside in the Tampa Bay region a 100 Mbps symmetrical speed tier shows the telco still sees value in its FTTH product line.
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.
The nation's top telcos have all reported their CEO salaries to the Securities and Exchange Commission, and FierceTelecom has collected all the data in one place. Here are the salary and compensation rates of the top 10 highest paid CEOs in the wireline industry.
Verizon Communications' executive vice president of global public policy and communications, Randal Milch, announced he is retiring from the company later this month.
Verizon's CEO Lowell McAdam has told leaders of the House and Senate Commerce committees that Republicans and Democrats need to join together to revamp what he says are "outdated and broken" telecom laws and regulatory processes.
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.
Verizon finally made it public that is selling its wireline assets in three states to Frontier for $10.5 billion, but besides getting more cash to fund its wireless operations, its decision was also influenced by the FCC's move to reclassify wireline broadband providers under Title II of the 1996 Telecom Act.
Verizon is nearing the completion of deals to sell off various assets, including wireless towers and elements of its wireline business that could fetch the company $10 billion, reports The Wall Street Journal, citing people close to the matter.
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 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.