Verizon CEO Lowell McAdam told investors on Thursday during the Goldman Sachs Communicopia conference in New York that it plans to enter the burgeoning online video services race.
Verizon Communications expects to launch its own Internet-based video service by the middle of 2015, the company's chief executive, Lowell McAdam, revealed Thursday.
Verizon CEO Lowell McAdam said the carrier's wireless postpaid retail net additions have grown 40 percent so far during the third quarter when compared with last year's period, when the company posted 927,000 additions. However, he said the carrier's margins will be pressured in the third quarter due to surprisingly sluggish sales of Verizon's handset upgrade program, called Edge.
Verizon Communications is holding fast to its thesis that while it is on track to complete the buildout of FiOS to about 21 million premises, it will need a compelling reason to expand into new markets.
Verizon may have hung up on extending its fiber-to-the-home (FTTH) FiOS service into new areas, but its recent move to wire 60 Park Place in Newark, N.J., shows that it is still keen on bringing the service to more users in its existing markets.
Verizon has enhanced its profile on Netflix's speed chart, rising two spots on the video provider's August Speed Index, to 2.41 Mbps, reports FierceOnlineVideo. However, AT&T, which signed an interconnection agreement with Netflix in May, saw the largest gain.
Netflix, Mozilla and a group of consumer advocates are showing their frustration over the FCC's proposed net neutrality rules, which could include the creation of Internet fast lanes, by holding Internet Slowdown Day.
Now that interconnection agreements with the four top U.S. Internet service providers are in place and with no new spats grabbing the public's attention, Netflix and Verizon may have entered a period of détente. Average streaming speeds for subscribers on the FiOS network rose two places on the SVOD provider's August Speed Index, to 2.41 Mbps.
AT&T and Verizon are challenging the FCC's call to raise the broadband definition from 4 Mbps to 10 Mbps, claiming that the majority of consumers don't need higher speeds, reports Ars Technica.
Verizon Wireless has named Tower Cloud as its backhaul partner for its new 4G LTE small cell deployment in Atlanta's Centennial Olympic Park.