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BUSINESS
April 11, 2016 | By Bob Fernandez, Staff Writer
Verizon customers with copper-line phones who call twice in 18 months for repairs - or live near someone who does - are likely to get a surprise when company techs show up at their door. They will be told that their "only fix" is to replace decades-old copper line with high-speed fiber as Verizon won't fix the copper, according to company documents obtained by the Inquirer. So far, 1.1 million Verizon copper customers have been switched to fiber in Pennsylvania and other states under an internal program called "Fiber Is the Only Fix. " Millions more of Verizon's customers may face the same upgrade because the effort is expanding.
NEWS
December 17, 2008
IFIND IT LAUGHABLE that on a day when lobbyists for Comcast were deluging City Council with pleas to delay Verizon's bid to bring FiOS service to Philly, my cable TV (and Internet) service was down for nearly 13 hours due to yet another Comcast service interruption in my neighborhood, roughly the 40th time this year such an interruption has occurred, usually when a cloud appears in the sky, or when the wind blows. I urge City Council to do the right thing and approve Verizon's efforts to bring competition to the city.
NEWS
December 30, 2008
RE THE DEBATE about FiOS coming to Philly: I don't understand why Verizon needs the city's permission in the first place to run a fiber-optic cable into my house and provide a service. I could see if the product or service had a safety issue, like alcohol or cigarettes, but why does a business need the city's permission to run their business the way they want to? If Acme comes to town, do they need the city's permission because the city wants to protect Genuardi's or because we already have Genuardi's here?
BUSINESS
April 29, 2012 | By Bob Fernandez, INQUIRER STAFF WRITER
Years after Verizon Communications Inc. wired the suburbs of Boston, Buffalo, and Baltimore with superfast Internet, more than one million residents in the poorer urban neighborhoods of those metro areas are still waiting for FiOS. Ditto, according to a union representing Verizon workers, for Syracuse, Albany, Erie, Scranton, and other Northeast cities. No FiOS. City officials didn't think that would last. They believed — hoped — that Verizon would get around to them to compete head to head with the cable companies.
NEWS
March 25, 2012
"We were happy as can be to have an iconic brand in the portfolio of stable brands within the company. That was real evidence to our shareholders and people who followed us that we were very serious about our five-year plan. " - Flowers Foods Inc. chief executive George E. Deese, on his company's acquisition last year of Philadelphia Krimpet-maker Tasty Baking Co.   "Now I guess I can smile.... Maybe I can take a day off. " - New York Mets chief executive Fred Wilpon, after Mets owners agreed to pay up to $162 million (and likely much less)
NEWS
May 14, 2015 | By Bob Fernandez, Inquirer Staff Writer
Verizon Communications Inc., which plans to launch a national video-streaming service this year, said Tuesday that it is buying AOL Inc. for $4.4 billion. AOL owns such digital brands as Mapquest, Huffington Post, and TechCrunch, and has developed online advertising platforms that could benefit Verizon's new streaming service, analysts say. The deal - which will likely face regulatory hurdles in Washington - will need to be approved by the Federal Trade Commission or the U.S. Department of Justice.
BUSINESS
October 23, 2015 | By Bob Fernandez, Inquirer Staff Writer
The Communications Workers of America says it has photographic evidence showing Verizon Communications Inc. has been depriving its aging copper network of money for maintenance and repair throughout parts of Pennsylvania. The union - which represents 4,980 Verizon linemen, technicians, and customer service representatives in the state - filed the photos on Wednesday in a petition with the Pennsylvania Public Utility Commission, seeking an investigation into whether Verizon has violated state utility laws by not maintaining its copper lines.
BUSINESS
June 1, 2015 | By Bob Fernandez, Inquirer Staff Writer
With the rollout of FiOS nearing an end, the working-class residents of Laurel Springs, Somerdale, and Lindenwold wonder whether they will ever get to enjoy the latest Internet and TV products of Verizon Communications Inc. So far, Verizon has wired Cherry Hill and Haddonfield - more affluent communities - and county seat Camden for fiber-based Internet and TV. The telecom giant, in fact, has run FiOS through most of Camden County. For a complete map of the coverage area click here.
BUSINESS
April 21, 2016 | By Bob Fernandez, Staff Writer
As recently as 2000, Verizon Communications boasted the nation's largest local phone network with more than 60 million phone lines in 40 states from New York, New Jersey, and Pennsylvania to Florida and California. But over the next 16 years, Verizon sold many of those legacy phone lines, including a blockbuster $10.5 billion sale on April 1 of its lines in California, Texas, and Florida. While Verizon's legacy business shrank, its wireless division boomed, and it became a content provider, buying AOL Inc., the owner of the Huffington Post, for $4.4 billion in 2015.
BUSINESS
September 7, 2013 | By Bob Fernandez, Inquirer Staff Writer
Verizon Communications Inc.'s $130 billion deal for the 45 percent of Verizon Wireless held by Vodafone has shed new light on the weak value Wall Street places on Verizon's legacy copper-line phone and FiOS TV and Internet businesses: about $20 billion to $30 billion. People are dropping traditional phone service for smartphones, and though FiOS has challenged Comcast Corp. and other cable-casters, Verizon found launching FiOS to be an expensive slog in the Philadelphia region and other metro areas.
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ARTICLES BY DATE
NEWS
July 27, 2016 | By Bob Fernandez, Staff Writer
For Yahoo, its sale marked "an ignominious end" for a onetime internet pioneer that still has about one billion monthly users, RBC Capital Markets analyst Mark Mahaney said. But for Verizon, its $4.83 billion purchase of Yahoo boosts Verizon's ownership of news and entertainment content that it can market to its wireless or FiOS subscribers, observers said. Verizon also can leverage its massive size - the company bought another fallen star, AOL Inc., in 2015 for $4.4 billion - to boost Yahoo's share of the digital-ad business, now a distant third to Google and Facebook.
BUSINESS
May 25, 2016 | By Joseph N. DiStefano, Staff Writer
Regarding the 51/2-week strike against Verizon by nearly 40,000 union members: After talking to company and union leaders, "we continue to expect the strike to end relatively soon," but it will still reduce this year's earnings for Verizon by around $200 million, or a nickel a share, writes New York-based telecom analyst Barry Sine in a report to clients of Philadelphia-based Drexel, Hamilton & Co. Both labor and management say "a solution is possible,"...
BUSINESS
April 21, 2016 | By Bob Fernandez, Staff Writer
As recently as 2000, Verizon Communications boasted the nation's largest local phone network with more than 60 million phone lines in 40 states from New York, New Jersey, and Pennsylvania to Florida and California. But over the next 16 years, Verizon sold many of those legacy phone lines, including a blockbuster $10.5 billion sale on April 1 of its lines in California, Texas, and Florida. While Verizon's legacy business shrank, its wireless division boomed, and it became a content provider, buying AOL Inc., the owner of the Huffington Post, for $4.4 billion in 2015.
BUSINESS
April 13, 2016 | By Jane M. Von Bergen, Staff Writer
More than 39,000 Verizon employees from Massachusetts to Virginia plan to strike at 6 a.m. Wednesday, the union leaders said Monday. "Unless this company reconsiders its shameful demands . . . our members will be on strike," said Chris Shelton, president of the Communications Workers of America (CWA), which represents 29,000 of the workers. Verizon executives, meanwhile, said they want to keep talking but have been training thousands of nonunion Verizon employees for a year to take over union functions if there is a strike.
BUSINESS
April 11, 2016 | By Bob Fernandez, Staff Writer
Verizon customers with copper-line phones who call twice in 18 months for repairs - or live near someone who does - are likely to get a surprise when company techs show up at their door. They will be told that their "only fix" is to replace decades-old copper line with high-speed fiber as Verizon won't fix the copper, according to company documents obtained by the Inquirer. So far, 1.1 million Verizon copper customers have been switched to fiber in Pennsylvania and other states under an internal program called "Fiber Is the Only Fix. " Millions more of Verizon's customers may face the same upgrade because the effort is expanding.
NEWS
March 20, 2016 | STAFF REPORT
The Camden County police have a new K9. His name is Recon and he replaces Zero, who died in December. Verizon is providing $10,000 for Recon's purchase and training. The Camden County department, which only polices in the Camden City, has seven dogs in its K9 Unit, one of them named Fios.  
BUSINESS
February 24, 2016 | By Bob Fernandez, Staff Writer
Pennsylvania regulators will look into union claims that Verizon Communications Inc. has neglected its aging copper phone lines in large areas of the state, according to a recent filing with the Pennsylvania Public Utility Commission. Administrative Law Judge Joel H. Cheskis has scheduled the first hearing for March 18 in Harrisburg. Cheskis will seek information on Verizon's copper phone lines and then make a recommendation to the PUC as to whether to initiate an investigation, PUC spokesman Nils Hagen-Frederiksen said.
BUSINESS
January 8, 2016 | By Bob Fernandez, Staff Writer
With most of the Northeastern United States hurtling toward super-fast communications, towns in a swath of rural South Jersey fear being left far behind - even off the grid at times. Wireless reception can be weak there, officials say, because of a dearth of cell towers and because Verizon Communications Inc.'s decades-old copper lines, hanging from telephone poles or snaking through underground conduit, hum, crackle, or go dead during rainstorms or fog. These lines also deliver DSL Internet.
BUSINESS
October 23, 2015 | By Bob Fernandez, Inquirer Staff Writer
The Communications Workers of America says it has photographic evidence showing Verizon Communications Inc. has been depriving its aging copper network of money for maintenance and repair throughout parts of Pennsylvania. The union - which represents 4,980 Verizon linemen, technicians, and customer service representatives in the state - filed the photos on Wednesday in a petition with the Pennsylvania Public Utility Commission, seeking an investigation into whether Verizon has violated state utility laws by not maintaining its copper lines.
BUSINESS
September 4, 2015 | By Bob Fernandez, Inquirer Staff Writer
Communications Workers of America officials contend that Verizon has failed to fund the upkeep of its copper phone lines that still serve eight million customers and called Wednesday for Pennsylvania regulators to investigate. The CWA also sent letters to regulators in Delaware and Virginia, seeking investigations. The union is expected to eventually send one to New Jersey regulators. The union criticism comes as Verizon and the CWA are locked in thorny contract negotiations that include issues related to Verizon's commitment to its hybrid network of copper and high-speed fiber-optic lines, or FiOS.
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