Verizon's EVP and CFO Fran Shammo, according to a report in FierceCable , said that while the telco anticipates higher churn for FiOS products during the summer months, he is "confident" the telco will achieve its goal of adding 600,000 new subscribers by the end of the year.
Google Fiber has added Gladstone as the latest municipality in the Kansas City area to get its 1 Gbps fiber to the premises service.
Verizon Communications revealed that the company's FiOS TV and Internet service has achieved 50 percent penetration in Dallas, the company's first market. Speaking at the J.P. Morgan Global Technology, Media and Telecom Conference today, Verizon EVP and CFO Fran Shammo said the company hit 50 percent penetration in Dallas and he expects the penetration rate to grow in other markets as well.
Comcast and Verizon continue to be the VoIP providers of choice for businesses, according to Infonetics Research's annual North America Business VoIP Service Leadership Scorecard.
Verizon Wireless will pay a $7 billion dividend to parent companies Verizon Communications and Vodafone by the end of June, diffusing a potential source of tension between the two parents as speculation continues to burble that Verizon will buy Vodafone's 45 percent stake in the joint venture.
The FCC wants to conduct trials related to the telecom industry's transition to all-IP networks, a proposal that is getting a mixed response from traditional telcos and industry groups.
Verizon will offer only wireless-based services in remote areas such as Fire Island, N.Y., and parts of New Jersey, plans that are drawing fire from the CWA and IBEW unions as well as local residents. The move is part of the carrier's plan to do away with its copper network in areas of the Northeast ravaged by Hurricane Sandy.
Four years after pitching the idea of installing Wi-Fi service on trains used by commuters in New York, New Jersey and Connecticut, Cablevision executives said Thursday that the MSO is closer to making it a reality.
Cablevision posted a net loss of $16.6 million for the first quarter as its profits were drained by subscriber losses, decreased revenue and increased spending on customer premise equipment.
tw telecom's shares jumped 7.2 percent to $29.12 on Wednesday afternoon after being cited by Keith Meister, founder and managing partner of New York-based Corvex, as a prime acquisition target.