News tagged: Verizon
Verizon is being sued by New York City for not completing its citywide fiber network. Its failure to finish the job went against a 2008 contract. Verizon had promised everyone in the city would have access to FiOS by 2014. Verizon admits that not all households are covered.
Yahoo CEO Marissa Mayer will receive a $23 million package when Verizon's acquisition of the company closes. That package includes around $3 million in cash along with equity and benefits. It adds to her lifetime compensation from Yahoo of $150 million.
Verizon is going to test 5G wireless technology in 11 US cities this year. It's going to introduce "pre-commercial" service to pilot customers. This is the first time the carrier will set up its 5G technology for actual use. The tests will begin in mid-2017.
Verizon has announced a new low-tier plan that includes 2 GB of LTE data for $40 per month upfront. The plan is $10 cheaper than its previous lowest-price offer. You'll also get unlimited calling and texting with the plan. It's not a great offer compared to other carriers.
Verizon's final acquisition price for Yahoo will be $350 million lower than was originally revealed. It was recently reported the discount would be $250 million, but now the companies have confirmed the adjustment is larger. The price is now around $4.48 billion.
Verizon has decreased the amount it is willing to spend on Yahoo, reports Bloomberg. The deal has shrunk by $250 million, bringing the cost to about $4.6 billion. This change comes after multiple breaches affecting millions of users were disclosed by Yahoo.
Within hours of Verizon announcing its return to unlimited data, T-Mobile updated its One plan to make itself more competitive. The plan now offers HD video streaming and 10 GB of LTE hotspot tethering. Merely offering unlimited data is no longer as much of a selling point.
Verizon is back to offering unlimited data. The wireless company has introduced a new $80 plan that includes unlimited talk, text, and data. It offers HD video streaming, Mobile Hotspot, calling/texting to Mexico and Canada, and 500 MB/day of LTE roaming in Canada and Mexico.
Verizon has launched a phone screen repair service that'll see a technician arrive at your home or workplace on the same day. Owners of certain devices in certain cities can utilize the service if they have Verizon's Total Mobile Protection service plan.
Verizon is entering the wearable market. Following LG's introduction of its first Android Wear 2.0 devices, Verizon has announced its own product, the Wear24. It runs the latest Android Wear build and comes with pretty standard components. It'll arrive next month.
The National Advertising Review Board has ruled Comcast can no longer advertise itself as offering the "fastest internet in America" or the "fastest in-home Wi-Fi." Comcast wasn't able to produce adequate support for those claims, making them misleading.
Some customers who still haven't received their Pixel handset from Verizon can get a free Daydream View headset from the carrier. Verizon is offering the virtual reality device to make up for shipment delays. The View normally costs $80. Only a "certain subset" will get it.
Under the leadership of a new commissioner, the Federal Communications Commission (FCC) has dropped all zero-rating investigations. The agency had been examining potentially problematic practices from wireless carriers who favored certain streaming services over others.
Comcast will begin offering a wireless network sometime in 2017, CEO Brian Roberts confirmed during an earnings call. This will give Comcast the ability to bundle wireless service plans with its existing cable plans. Those bundles will "add value" for consumers.
Verizon is interested in potentially acquiring Charter, which recently picked up Time Warner Cable. According to The Wall Street Journal, Verizon is "exploring" the idea and it's far from actually buying the company. If a deal were to occur, the company would be massive.
Verizon is readjusting its video streaming division. The company has laid off 155 people in its Go90 team and it plans to rebuild that section using the team it acquired from Vessel last year. Vessel's existence within the company led to there being "some duplicative resources."
Verizon's acquisition of Yahoo is being pushed back to the second quarter. According to Yahoo CEO Marissa Meyer, the $4.8 billion deal looks like it will lead to a bright future. This delay follows the disclosure of multiple significant hacks affecting many users.
Lowell McAdam, CEO of Verizon, is reportedly interested in picking up a major US cable company, reports the New York Post. Verizon is said to be considering an acquisition and it may be looking at Charter or Comcast. An acquisition would give it a larger cable position.
Even though the Note 7 was recalled months ago, "thousands" of people are still using the phone on Verizon's network. To try and get rid of those remaining units, the carrier is going to start rerouting outgoing calls. You'll only be able to complete emergency calls.
Google's Pixel and Pixel XL smartphones have been well-received and demand for them is high, reports Wave7 Research. The Pixel accounted for 9.5% of smartphone sales through Verizon in December. Both handsets were released in October and were met with positive responses.