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BUSINESS
June 10, 2009 | By Bob Fernandez INQUIRER STAFF WRITER
Verizon Communications Inc. has told Comcast Corp. that its Verizon-bashing "Don't Fall for FiOS" advertisements are false and asked the cable giant to fix them in a "cease and desist" letter. Among other advertising claims, Comcast says that a comparable triple-play bundle of TV, phone and Internet service from Verizon can cost $400 more a year, after promotions expire, than one from Comcast. Verizon would challenge the advertisements' truthfulness through the National Advertising Division of the Councils of Better Business Bureaus if Comcast failed to change them, Verizon vice president Eric Rabe said yesterday.
NEWS
February 3, 2011 | By Michael Klein, Inquirer Staff Writer
News, weather, and sports 24/7. Why not traffic? From a warehouse on a side street in Malvern, Tango Traffic went on the air Jan. 1 to report rubbernecking and crashes, whether at the height of rush hour or in the dead of night or the middle of a storm like the one that covered roads with ice Tuesday and Wednesday. Although KYW-AM (1060) reads traffic and transit "on the 2's" around the clock on the radio, Tango's creators say they saw a void in the marketplace. "People want information where they want it and when they want it and how they want it," said chief executive Tim Chambers, an entrepreneur with a background in television and filmmaking whose operation, Quaker Media, is partnering with Tribune Co.'s PHL17.
NEWS
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.
BUSINESS
December 16, 2006 | By Miriam Hill INQUIRER STAFF WRITER
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.
NEWS
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
NEWS
July 28, 2008 | By Peter Svensson, ASSOCIATED PRESS
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.
BUSINESS
July 12, 2012 | By Bob Fernandez and Inquirer Staff Writer
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.
BUSINESS
January 22, 2008 | By Bob Fernandez INQUIRER STAFF WRITER
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.
BUSINESS
January 6, 2010 | By Bob Fernandez INQUIRER STAFF WRITER
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.
NEWS
March 22, 2012 | Bob Fernandez, INQUIRER STAFF WRITER
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.
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