July 27, 2016 |
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.
May 25, 2016 |
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,"...
April 21, 2016 |
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.
April 13, 2016 |
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.
April 11, 2016 |
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.
March 20, 2016 |
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.
February 24, 2016 |
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.
January 8, 2016 |
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.
October 23, 2015 |
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.
September 4, 2015 |
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.