Verizon has proposed a new three-year contract with 38,000 union wireline employees represented by the Communications Workers of America and International Brotherhood of Electrical Workers it says will offer wage increases during the period.
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 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.
Denying a report that it was dropping a false-advertising complaint against its fiercest rival, Verizon, Cablevision said it is merely combining the action with a previously filed lawsuit in another court.
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.
A New York City audit has found that Verizon failed to deliver on its promise of delivering FiOS TV and broadband services to anyone in the area who wanted it by 2014.
Level 3 and Cogent Communications are scoring peering deals thanks to the enactment of the FCC's Open Internet Order, which went into effect on Friday, June 12, according to Wells Fargo Securities Senior Analyst Jennifer Fritzsche. And those peering deals will likely have a positive impact on both companies' bottom lines.
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 Communications has no interest in buying Dish Network, according to Verizon CFO Fran Shammo.
Pay TV operators have become savvier in recent years, acknowledging that consumer desire for lower priced packages can be a route back into the living room for some customers. So far, Comcast, Time Warner Cable, Dish Network, DirecTV, Cox and Verizon have all offered some form of skinny bundle in order to entice customers back to video products.