VerizonCommunications
Latest
Verizon halts dubious third-party billing on landlines, years after landlines were 'in'
Okay, okay -- landlines are still useful. But rapidly growing, they are not. That said, Verizon is caving to congressional pressure in a relatively minor way, announcing that it'll be banning certain third-party charges on landline bills. In political circles, the process is known as "cramming," where customers (oftentimes unknowingly) submit their number to certain third-party add-ons that have generated some $10 billion in revenue over the past five years. Sen. Jay Rockefeller from West Virginia is applauding the move, and also encouraging Congress to make this commonplace across all carriers. Curiously, there's no mention of mobile blocking, where consumers are regularly duped into subscribing to recurring fees via text-based competitions and contests. Perhaps when we've all moved on to telepathy, the feds can get right on that.
Verizon bringing 150 / 35Mbps internet to FiOS customers, enraging customers of all other ISPs
You know, we're pretty stoked for the folks who just so happen to reside within Verizon's relatively minuscule FiOS service footprint, but rather than hooking up those who've already been adequately hooked, why not spread that fiber cheer over to a few extra states? Alas, it looks as if the FiOS rollout is on an indefinite hold, but those lucky enough to have access will soon have the ability to upgrade their existing internet service to this: a 150/35Mbps option. That's 150Mbps down and 35Mbps up, and as far as consumer-grade services in America go, it's pretty much as good as it gets. Verizon is claiming that it'll be available to order by consumers at the end of this year, with small businesses seeing the option shortly thereafter. 'Course, no pricing details are mentioned, but it's not like it matters -- you'll cash in whatever Yuletide gifts you have to in order to get this, right? Update, Verizon pinged us with a few points -- for starters new speed is available today to the majority of our FiOS customers in 12 states and the District of Columbia, with more and more to get it in due time. As for pricing? The 150/35 Mbps residential offer will be available to the majority of FiOS-eligible households, and sold as a stand-alone service starting at $194.99 a month when purchased with a one-year service agreement and Verizon wireline voice service. Not exactly a "bargain," but like we said, you're still finding a way to make this happen.
Verizon chief tapped for CES 2011 keynote
When you keynote one of the biggest consumer electronics trade shows of the year, it's usually a Big Deal -- and you're also plainly aware that when you step up on that stage, your audience (read: us) is fully expecting you to unveil something new and awesome. On that note, we're intrigued to hear that Verizon Communications' Ivan Seidenberg has been selected to do the honors for the opening address at CES 2011 next January. The press release -- which you can find after the break -- says that Seidenberg will "highlight [the] company's vision for its LTE 4G wireless technology," so we'd expect those LTE handsets expected early next year to factor prominently into the equation; of course, we wouldn't be surprised to see a tablet or two, either. In the wake of Ballmer's milquetoast showing at the 2010 show, the pressure's definitely on to deliver a rousing address. Oh, and Ivan? If Ralph de la Vega says "break a leg," he might mean it quite literally, so watch your step.
Verizon posts $198m net loss, picks up healthy amount of new wireless subs
Verizon Communications, the majority shareholder of Verizon Wireless, just tossed out its Q2 2010 earnings, and unlike the majority of the other big boys we've seen, this company actually lost money over the past few months. All told, the mega-corp posted a $198m net loss compared to a $1.48b net profit this time last year, but if you were to exclude "special charges" for a workforce reduction, Verizon as a whole would've seen net profits of $0.58 per share. When focusing strictly on mobile, Verizon Wireless managed to pick up 1.4 million net customer additions, which is 200,000 shy of the 1.6 million that AT&T recently picked up. What's crazy is that one carrier has the iPhone while the other doesn't, and it doesn't take the imagination of Peter Pan to figure out how those numbers would shift if Apple's smartphone somehow picked up a CDMA radio and headed over to Big Red. Other fun facts about VZW's second quarter include a 3.4 percent uptick in total revenues year-over-year, a 5.2 percent increase in service revenues and a staggering 28.3 percent boost in data revenues. With all that cash flowing in, is there really a need for these newfangled caps? Consumers say "no," but Sir Capitalism says "yes." Update: We've been pinged by Verizon and given some clarification to the awful mess known as filing quarterly reports in accordance with GAAP with varying shares of ownership. We also learned that Verizon Wireless added 665,000 new net wireless customers under contract in the prior quarter, whereas AT&T added 496,000 contract customers. It's pretty easy to make these numbers say whatever you want them to, apparently.
Verizon CEO doesn't care about landlines anymore, feels 'liberated' by new outlook
Verizon Communications CEO Ivan Seidenberg isn't too upbeat on the future of landlines, telling the audience at a Goldman Sachs investor conference today that the company is just not interested in telephones connected with wires. The chief exec of one of the nation's biggest telecommunications firms continued with his gospel, saying his "thinking has matured" and that trying to predict when the dwindling landline business will plateau is akin to "the dog chasing the bus." He says the new way of thinking is "liberating," but of course, endeavors like the Hub technically don't count as landlines to the company since it'sVoIP, and the coupled with its continued success as the largest cellular provider in terms of subscriber base, yeah, we're sure it's not too tough a pill to swallow. So how abut ramping up FiOS installations just a wee bit faster, eh Ivan?
Verizon's LTE vendor partners to be revealed at MWC
Looks like Verizon's LTE (Long Term Evolution) service might be on track to launch this year, after all. Speaking at a Digital Broadband Migration event at the University of Colorado at Boulder, executive VP and CTO Richard Lynch said the company's in the final stages of selecting vendor partners, and they'll be announced at next week's Mobile World Congress in Barcelona. He also reiterated that service, which they've been trialing in conjunction with Vodafone, will co-exist with its current 3G platform. He said all vendors have been told that the they need to be and running this year. Hey fellas, let's not let Lynch down here.
Hey Vodafone, Verizon called, it wants its Wireless back
Verizon chief Ivan Seidenberg gave a particularly candid interview with the Financial Times recently, revealing that he'd like to see Verizon take full control of Verizon Wireless -- a joint venture with Vodafone in which Verizon holds 55 percent -- given that Verizon is "doing 100 percent of the work." Zing! Despite saying that Voda's "been a great partner," the bulk of the conversation makes it sound like relations are definitely strained between the two telecom giants, and Seidenberg thinks that once bigwig Arun Sarin hands over the Vodafone reigns to Vittorio Colao next month, "maybe he'll want to do something different." You know, "different" as in "sell off $60 billion worth of Verizon Wireless to Verizon Communications." Also interesting is Seidenberg's revelation that Sarin wanted Verizon to snap up Alltel last year before it sold to private equity firms, but thanks to Verizon's majority on the VZW board, they were able to put the kibosh on the plan, apparently over concerns that they'd end up in a nasty bidding war. Alas, all's well that ends well, we suppose.[Via mocoNews]
The next Verizon One 'net device
Verizon's taking another shot at the "is it a phone, or is it an information appliance?" market, showing its totally redesigned Verizon One this week. Like its predecessor, the device sorta defies any categorization -- but very much unlike its predecessor, this is one piece of kit we wouldn't much mind setting on our nightstands, coffee tables, or kitchen counters. The units being shown at CES are pre-production, though still very functional with artwork brought in from The Museum of Modern Art, traffic reports, weather, and other glanceable miscellany on its crisp, bright touchscreen, while the handset itself is a squared-off cordless type (no dual-mode here). Media can be brought over from PCs and Verizon's set-top boxes, though placeshifting television to the One will not initially be supported. Verizon will be marketing these bad boys primarily to its FiOS customers, but they've specifically said there's no reason they couldn't be used in any networked environment and they could very well be sold outside the FiOS areas with an additional monthly fee for service. Click on for a few more shots of this glorified desk phone doing what it does best.
Live coverage of Verizon's press conference
After LG's little oopsie earlier in the day, we'll be curious to see what Verizon Wireless has to tell us regarding its MediaFLO plans this afternoon. We've been seated in the ballroom; the conference is about to begin.1:08PM PST - The event has started. Denny Strigl has taken the stage.1:09 - "We are here to talk about TV."1:10 - "We're going to turn up the bandwidth on the whole television experience."
