Verizon and Comcast had some grand ambitions for their partnership, but all of that came to a halt when Verizon's CFO Fran Shammo announced last week during the Q3 earnings call that they closed down their joint innovation lab.
The demand from service providers and enterprises for 100G network ports will drive up 100G port revenue beyond the $6 billion mark by 2017, according to a new Infonetics report.
The town of Raynham, Mass., will get Verizon FiOS service after the town's board of selectmen signed a local franchise agreement with the telco. While it has largely halted new FiOS rollouts, including larger cities such as Boston, a spokesperson for the carrier said that Verizon decided to complete its buildout of the surrounding area.
Verizon struck a marketing deal with the Tampa Bay Buccaneers which will see its FiOS Quantum and live mobile video products promoted at the NFL team's home games.
Cable operator Comcast announced a massive rollout of new Wi-Fi hotspots across Utah, and the company expects to add more sites in the state as time goes by.
By deciding to shutter their joint innovation lab, Verizon and cable partners Comcast, Time Warner Cable and Bright House signaled they believe it'd be more profitable in the long run to pursue their own multiscreen distribution products than to share their inventions.
Verizon FiOS once again was the star in the carrier's Q3 wireline portfolio, driving up revenues 13.4 percent to $2.8 billion, but it sees potential in extending the service to more small to medium businesses. Just how big is the SMB opportunity for wireline operators offering high speed services? What obstacles stand in their way?
Verizon Wireless has a number of new innovations and apps it is developing for consumers and businesses at its innovation center in San Francisco.
Verizon said it picked up 135,000 FiOS TV and 173,000 FiOS Internet subscribers in the third quarter, while it lost 117,000 DSL customers.
Verizon's Q3 2013 FiOS broadband revenues rose 13.4 percent to $2.8 billion during a quarter that's normally known for seasonal broadband net subscriber losses.