September 7, 2013 |
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.
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.
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.
December 23, 2008
RE TOM SPEYER'S letter: "Please, Council, approve FIOS. " Tom is not alone in the struggle with Comcast. Comcast holds the residents of this city over the coals and pretty much does and charges as it wants because there is no competition. Competition is healthy and I bet Comcast will feel the loss if Verizon is allowed to bring FIOS to Philadelphia. Dish service is not comparable to cable. Maybe the Daily News can start a campaign to get the residents to write members of City Council on this issue.
March 5, 2008
In November, when Mayor-elect Michael Nutter called for Philadelphia's "best and brightest" to serve his administration, I was galvanized to take action. As a Class of 2007 Penn alum who has worked for many political campaigns (including Nutter's primary campaign), I saw myself as one of the people the new mayor would want to join his team. Many of my friends felt the same, and we submitted applications and resum?s to the administration. Months later, I have heard nothing back.
December 14, 2008 |
Telecom giant Verizon Communications Inc. hoped to sprint to a new pay-TV franchise agreement in Philadelphia this year and bring the cable battle to Comcast Corp.'s doorstep. But Verizon is facing headwinds from the cable king - which says the city's proposed 15-year deal with Verizon should be the same as the deal with Comcast - and from the realities of Philly politics. In its initial plan to install a high-speed FiOS pay-TV network in Philadelphia, Verizon said it would not wire the suburbanesque Far Northeast and the Northeast for years.
August 8, 2011 |
As thousands of striking Verizon workers rallied and picketed from Massachusetts to Virginia, dozens this morning took to the sidewalks outside the company's offices at Ninth and Race Streets in Philadelphia this morning. Verizon Communications Inc. workers first took to the picket lines on Sunday, after unions representing 45,000 technicians, customer-service consultants and operators failed to reach an agreement with management on a new contract. Heath care costs and pensions were among the key issues.
May 14, 2015 |
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.
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.
August 9, 2011 |
Amid reports of vandalism and tentative talks between labor and management, striking Verizon workers formed a river of red in their union T-shirts at a rally in Chinatown on Monday morning. About 600 workers thronged outside a Verizon operations facility at Ninth and Race Streets, temporarily blocking traffic, as they listened to speeches, shouted slogans, and heard updates from their leaders. They were among 45,000 Verizon Communications Inc. employees who went on strike early Sunday morning after management and labor failed to reach agreement on a contract.