April 10, 2014 |
On the eve of a Senate Judiciary Committee hearing that will bring Comcast Corp. face-to-face with one of its sharpest critics, Minnesota Sen. Al Franken, the cable-TV company released on Tuesday a 650-page public interest filing on the potential benefits of the $45.2 billion deal for Time Warner Cable Inc. Comcast steadfastly maintained that creating a huge company that provides cable television and Internet and phone service will not eliminate any...
December 10, 2008
OVER THE LAST couple of weeks, bailout proposals have been nonstop, from the $700 billion bill passed by Congress for financial institutions and corporations to $25 billion for Citibank and another $25 billion for Detroit. The economy needs all these players to keep this country moving, but at some point the requests have to reach the average person. It's reported that 11 million Americans are out of work. Action is needed immediately, Barack Obama stated while naming his new economic team.
December 16, 2006 |
Verizon Communications Inc. said yesterday that it would start offering its new television service late next week in several New Jersey counties, including Camden. The company will identify the first 100 New Jersey cities to get the service in the next few weeks. The City of Camden, however, will not initially be one of the 10 in that county to get the service, which will compete with Comcast cable. Earlier this month, Verizon began offering its fiber optic service - FiOS for short - in Montgomery, Delaware, Bucks and Chester counties.
October 29, 2007
ONCE AGAIN, Comcast is trying to milk us for more money. This time, it's $8 for the NFL Network that other outlets offer free. This is the same company with a commercial about the big bad expensive phone company. I'm shocked at Brian Roberts' audacity. How much more money does he honestly think he can wring out of us? I'm ready to throw a parade the day I can get Verizon FIOS in my neighborhood. Keith E. Callan, Philadelphia
July 28, 2008 |
NEW YORK - Verizon Communications Inc.'s second-quarter earnings rose 12 percent, the company said today, while revenue was slightly shy of expectations and customers disconnected their landlines faster than before. The nation's second-largest telecommunications company earned $1.88 billion, or 66 cents per share, in the quarter ended June 30, up from $1.68 billion, or 58 cents per share, a year ago. Verizon said that excluding a merger-related item, it earned 67 cents a share, beating the average estimate of analysts polled by Thomson Financial by 2 cents.
July 12, 2012 |
The union representing Verizon Communications Inc. workers says a deal between Verizon Wireless and cable companies could cost about 14,300 jobs over five years in eight Northeastern states, including Pennsylvania and New Jersey. Verizon did not address the jobs figure but said the deal would be "in the public interest. " The job estimate is based on an economist's study and assumes that Verizon Communications will halt the rollout of its superfast FiOS Internet and FiOS TV services in older cities and other areas.
January 22, 2008 |
Mayor Nutter is expected to announce today that Verizon Communications Inc. will relocate several hundred jobs into a former Bell Atlantic building in the 900 block of Race Street in Chinatown. A news conference is set for this morning at City Hall for the announcement. Verizon, which is based in New York, employs 2,000 in Philadelphia and, among other operations, has a video hub for its FiOS TV service on Oregon Avenue. The company does not have a license to offer FiOS TV in the city.
January 6, 2010 |
Verizon Communications Inc., which is rolling out FiOS TV and Internet services in Philadelphia, is poised to double its early-termination fee for new TV and Internet subscribers to $360, according to corporate documents. Verizon has seen Comcast Corp. and other cable companies stealing back FiOS TV and Internet customers with steep discounts and offers to rebate the termination fee. Customers who cancel TV or Internet service in mid-contract pay the fee. The sharply higher fee - the current one is $179 for a two-year contract - would make the rebate payments more painful for competing cable companies.
March 22, 2012 |
WASHINGTON - A $3.6 billion deal to sell wireless spectrum and related joint-marketing agreements between cable companies, including Comcast Corp. and Verizon Wireless, faced criticism in a Senate Judiciary antitrust hearing Wednesday that they would hurt consumers and amounted to a truce between the telecom giants. "It's like you agreed to throw in the towel and stop competing with each other," Sen. Al Franken (D., Minn.), a frequent Comcast critic, said in the hearing. Steven K. Berry, president and chief executive of the Rural Cellular Association, whose members include Sprint, T-Mobile, and Cricket, said: "This is effectively a non-compete agreement.
January 24, 2014 |
Comcast Corp. and Verizon Communications Inc. have dissolved a highly touted joint venture to develop next-generation products in Philadelphia, officials from both companies confirmed Wednesday. The joint venture had been part of Comcast's sale of wireless spectrum to Verizon Wireless for $2.3 billion in December 2011 and was viewed as an indication of warming relations between the telecommunications giants. The venture developed at least one hardware product that involved streaming content onto TVs. The product, reportedly branded Nuon, will remain with Verizon, according to officials close to the deal who were not authorized to discuss it. "Anything we worked on at that time was confidential," Verizon spokesman Alberto Canal said Wednesday.