“It’s important to us that we have mobile digital rights to some of the content that we think will be important in a mobile bundle,” Matt Ellis tells an investor conference. While telecom giant AT&T has agreed to acquire Time Warner for $85.4 billion, rival Verizon continues to feel it doesn’t need to buy a big entertainment company, Verizon CFO Matt Ellis told an investor conference Tuesday.
Category: Verizon Communications
Ericsson CEO Says Cloud Capability Key to Capturing 5G Market
Ericsson AB is betting on cloud technology to capture as much as possible of the $1.2 trillion market it expects fifth-generation mobile broadband services to spur, Chief Executive Officer Borje Ekholm said. “5G is really starting to happen,” Ekholm said in an interview with Bloomberg TV at the Mobile World Congress in Barcelona.
FCC chair to block stricter broadband data privacy rules
The U.S. Federal Communications Commission will block some Obama administration rules that subject broadband providers to stricter scrutiny than websites, a spokesman said on Friday, in a victory for internet providers such as AT&T Inc, Comcast Corp and Verizon Communications Inc. Federal Communications Commission Commissioner Ajit Pai and FCC Chairman Tom Wheeler testify at a House Appropriations Financial Services and General Government Subcommittee hearing on the FCC’s FY2016 budget, on Capitol Hill in Washington March 24, 2015.
Yahoo salvages Verizon deal with $350M US discount
A pair of hacking bombshells that exposed personal information stored in more than 1 billion Yahoo user accounts, disclosed after Verizon and Yahoo had agreed on takeover deal, represent the two biggest security breaches in internet history. a Yahoo is taking a $350 million US hit on its previously announced $4.8 billion US sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts.
Verizon Said to Reach Deal for Lowered Yahoo Price After Hacks
Verizon Communications Inc. reached a renegotiated deal for Yahoo! Inc.’s internet properties that will reduce the price of the $4.8 billion agreement by $350 million after the revelation of security breaches at the web company, according to a person familiar with the matter. In addition to the discount, Verizon and the entity that remains of Yahoo after the deal, to be renamed Altaba Inc., will share any ongoing legal responsibilities related to the breaches, said the person, who asked not to be identified discussing private information.
Which U.S. Wireless Carrier Has the Best Network?
Sprint even hired the former Verizon pitchman, who for years asked, “Can you hear me now?” in ads touting Verizon’s network quality. In his Sprint ads, Marcarell attempts to make the point that having a better network means less now.
Dish Network put on clock to activate unused spectrum
Dish Network Corp. spent more than $3 billion five years ago on a trove of radio frequencies to exploit the mobile video revolution that’s vanquishing traditional media services such as the company’s namesake satellite-TV product. But the radio waves sit idle, and the company led by its founder, billionaire Charlie Ergen, is running into government demands that it utilize the spectrum.
Wireless Subscriber Growth Should No Longer Be the Focus for Verizon
The report card for America’s largest cell service provider demonstrates that the mobile business is getting mature. While this will continue to be Verizon’s bread-and-butter, it’s time for investors to focus on the other irons the company has in the fire.
Speculation Builds on a Verizon-Charter Tie-up, No Offer Made
U.S. cable company Charter Communication Inc shares rose as much as 10 percent on Thursday after the Wall Street Journal reported a preliminary approach by Verizon Communications Inc about a tie-up, but Reuters sources said no proposal was made. Speculation over a combination of the two companies has been building steadily since last month, when Verizon Chief Executive Officer Lowell McAdam told Wall Street analysts that such a deal would make “industrial sense.”
Yahoo’s 4Q shows modest strides amid security breach fallout
Yahoo’s financial performance improved slightly during the fourth quarter while the company dealt with the fallout from massive security breaches that have jeopardized the $4.8 billion sale of its internet operations to Verizon Communications. The fourth-quarter report released Monday provided the latest snapshot of a shrinking company that has been steadily losing ground in the digital advertising market that generates most of its revenue.
Apple, Inc. Had to Get In Bed With Qualcomm Because of Verizon
The original iPhone launched as an AT&T exclusive, and AT&T’s 3G network is built on GSM. The Mac maker was still paying licensing fees to Qualcomm But things got a lot more complicated in 2011, which is when Apple and Qualcomm really took their relationship to the next level.
Yahoo Says Sale to Verizon Delayed Until Second Quarter
Yahoo! Inc. said the sale of its main web operations to Verizon Communications Inc. has been delayed until next quarter to meet closing conditions while the company recovers from the disclosure of massive hacks to its user accounts. The company said Monday it’s “working expeditiously” to finish the deal as soon as practical.
Verizon Stock Downgraded: What You Need to Know
Since the 2016 election, Verizon stock has gained 10% versus an S&P 500 gain of just 5%. Unfortunately for investors, while Verizon has outperformed so far, analysts at Wells Fargo see the stock underperforming in 2016, and gaining almost no value at all over the next 12 months.
Verizon Is Finally Paying Attention to This Valuable Market
One area where AT&T has been able to stymie its losses is in prepaid customers. Unlike postpaid customers, prepaid customers pay for services before they receive them.
5 Reasons T-Mobile Will Continue Outpacing the Competition’s Revenue Growth
“We’re looking at another year of very significant value creation,” CFO Braxton Carter said at a recent investors conference hosted by Citi. Carter expects T-Mobile’s service revenue — the money customers pay for their plans — to grow in the double digits, yet again, in 2017, which will ultimately translate into a sustainable ramp up in cash flow.
Yahoo Plans to Shrink Board, Change Name After Verizon Deal
Yahoo! Inc. Chief Executive Officer Marissa Mayer is among six directors who plan to leave the board of the investment company that will be left after the closing of the proposed sale of Yahoo’s main internet properties to Verizon Communications Inc. The new company, a shareholder in Alibaba Group Holding Inc. and Yahoo! Japan, will change its name to Altaba Inc. and reduce its board to five members as it looks ahead to its next chapter with fewer ties to the iconic brand, according to a filing Monday. Yahoo agreed to sell its web properties to Verizon in a deal valued at about $4.8 billion, though questions have come up after Yahoo revealed two separate hacks of user data.
Better Buy: Altria Group Inc vs. Verizon Communications Inc.
Let’s not beat around the bush: on the surface, this seems like a very odd pairing. Usually, in these “Better Buy” articles, we pit two companies against each other that are in the same field.
Best Cable Stocks of 2016
Cord-cutting grew worse in 2016 as an estimated more than 750,000 customers left pay-TV for other options over the last four quarters.Few operators bucked the trend this year, but there were still a handful of standout performers in the industry. Here are three of the best cable stocks from 2016.
Stock Face-Off: Verizon Communications Inc. vs. Sprint Corp.
In an industry where economies of scale play a deciding role, this is a massive business advantage for Big Red. The company can strike billion-dollar deals without breaking a sweat, take large business risks without betting the farm, and negotiate from a position of cash-backed strength.