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List of All Telecom News

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Verizon Looks at Extending FiOS Targets; Considers Rural Wireless Acquisitions
03/06/2008
America’s second largest telecommunications carrier, Verizon Communications, is considering expanding its FiOS broadband and TV network beyond an initial target of 18 million households, according to the company’s Chief Financial Officer, Doreen Toben.“We are currently looking at — and we will in the middle of this year — more expansion,” Toben said....
 
Verizon Plans to Spin Off or Sell Telephone Directory Business
08/07/2006
Verizon Communications announced yesterday that it plans to either sell or spin off its telephone directory business by the end of this year, reflecting its desire to refocus efforts on broadband and wireless services.The telecom giant has filed a registration form with the Securities and Exchange Commission, regarding the possible transaction, which would include its yellow pages business, as...
 
Verizon Profits Decline Slightly on Network Expansion Costs
01/05/2007
America’s second largest telecom incumbent, Verizon Communications, reported an 8.4% decline in first quarter profit yesterday, due to accelerated spending on its $22.9 billion fiber-optic network roll-out.The company posted quarterly income of $1.5 billion, or $0.51 per share, down from $1.63 billion in the first three months of 2006. Total revenue for the period was up 6.4% to $22.6...
 
Verizon Reports 4% Growth in Fourth-Quarter Profits
29/01/2008
U.S. telecom giant, Verizon Communications, announced yesterday that it experienced a 4% growth in profits in the fourth-quarter, as its fast-growing mobile phone business continued to outpace losses in the fixed-line telephone market.Verizon’s profit for the final three months of 2007 came in at $1.07 billion, or $0.37 per diluted share, up from $1.03 billion ($0.35/share) in the same...
 
Verizon Seeks to Stem Fixed-Line Losses by Bundling Landline with Wireless
03/10/2007
U.S. telecom giant, Verizon Communications, has introduced a new service that integrates landline and cell phone services, amid growing competition from cable companies and other wireless carriers.Verizon’s new bundle of fixed and mobile services comes with unlimited local and long distance calling on a home phone, plus 200 wireless minutes, free home-to-mobile calls, and free cell phone...
 
Verizon Sues Charter Communications for Infringing VoIP Patents
12/02/2008
New York-based telecom giant, Verizon Communications, has launched a patent infringement lawsuit against Charter Communications, its second legal action against a major cable company in the space of a month.Verizon filed its case against Charter on February 5 in the U.S. District Court for the Eastern District of Texas, which has traditionally been favourable to plaintiffs in patent infringement...
 
Verizon Tackles Cable Rivals, Offering Six Months of Free DSL
01/09/2008
Verizon Communications, which lost 133,000 DSL subscriptions in the second quarter as existing customers upgraded to its FiOS network and new broadband users were largely snapped up by cable, is trying to breath new life into its most popular internet offering with a competitive promotional offer.Until the end of October, Verizon will offer its DSL services (which normally range in price from...
 
Verizon to Build Fiber-Optic Data Connection Between the U.S. and China
19/12/2006
The Business unit of Verizon Communications Inc. has signed a construction and maintenance contract with a consortium of Chinese companies, to help build an undersea fiber-optic cable system directly linking mainland China with the United States.The plan aims to speed up data transmission rates between the two countries, by installing a cable sufficient to support the equivalent of 62 million...
 
Verizon to Divest Local Telephone Operations in Three Northeastern States
17/01/2007
Verizon Communications Inc. announced yesterday that it plans to spin off its fixed-line telephone business in three northeastern U.S. states, in the form of a $2.7 billion merger with FairPoint Communications, a small rural carrier.Verizon’s local landline operations in Maine, New Hampshire, and Vermont will be merged into those of FairPoint, with Verizon retaining a 60% share of the new...
 
Verizon to Offer Quadruple-Play Telecom Services
21/05/2007
Verizon Communications announced plans last week to offer quadruple play telecom services that is voice, broadband, internet, and wireless in a single package.“The quadruple play is something we’re planning to offer later this year. You’ll see that roll out where we do have a contiguous wireline and wireless footprint,” said Verizon’s Chief Operating Officer, Denny...
 
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