October 24, 2015 |
Comcast Corp. and other cable companies may operate wireless phone and data service over Verizon Communications Inc.'s network, giving them a quad-play of TV, high-speed Internet, landline phone, and wireless data services. Fast-growing wireless is one consumer telecom service that cable companies don't typically offer, a competitive disadvantage with the proliferation of mobile video and smartphones. Verizon chief financial officer Fran Shammo disclosed in an earnings conference call this week that cable companies told the wireless giant that they would exercise an option to operate a "mobile virtual network" on Verizon Wireless - which means, in effect, that they will purchase wholesale capacity on Verizon's cell towers and partly compete with Verizon itself.
December 29, 2014 |
The Jersey Shore's NBC40 broadcasts out of a converted Frito-Lay factory off Route 9 in Linwood, home to cerebral weatherman Dan Skeldon, sports nice guy Pete Thompson, and steady news anchor Michelle Dawn Mooney. For thousands of loyal viewers in Atlantic, Cape May, and Cumberland Counties, NBC40's 6 a.m. news is the first show they watch in the morning, and the station's hyperlocal advertisers seem as familiar as the nearest Wawa. There's Pastor David McGettigan from St. Andrews by the Sea, Doug and Linda from Beachcomber Collectibles, and Bill Kassner of the Chapman Auto Group in Egg Harbor Township.
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.
December 19, 2012 |
Comcast Corp. seems prepared to close the chapter on its ill-fated Clearwire Corp. experiment with a loss of $900 million to $1 billion. Sprint Nextel Corp. and Clearwire announced a deal Monday for Sprint to purchase the shares it does not own in Clearwire for $2.2 billion, or $2.97 a share. Some Clearwire investors have criticized the price, and Clearwire shares slumped 13.6 percent, 46 cents a share, to close at $2.91. But Erik E. Prusch, Clearwire's president and chief executive officer, said in a conference call with analysts Monday that Comcast and two other strategic investors, Bright House and Intel Corp., supported the Sprint deal.
April 29, 2012 |
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.
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.
February 23, 2012 |
NEW YORK - T-Mobile USA, which just had its acquisition by AT&T blocked by regulators, is urging the federal government to block another deal in the wireless world: Verizon's planned purchase of spectrum from cable companies for $3.9 billion. In a filing late Tuesday, T-Mobile USA said the Federal Communications Commission should stop the deal among Verizon Wireless, Comcast Corp., Time Warner Cable Inc., Bright House Networks, and Cox Communications because it would place an "excessive concentration" of wireless spectrum in Verizon's hands.
January 25, 2012 |
Those opposed to Verizon Wireless' deal to purchase wireless spectrum from Comcast Corp., Time Warner Cable, and Bright House Networks for $3.6 billion must file objections with the Federal Communications Commission by Feb. 21. The deal includes separate commercial agreements in which Verizon Wireless and the cable companies will jointly market bundles of telecommunications services and develop new products. Comcast and Verizon Wireless, whose majority owner is Verizon Communications Inc., launched the marketing partnership on Jan. 17 in Seattle and Portland, Ore., and they are expected to expand it nationwide this year.
January 17, 2012 |
Moving quickly with their new partnership, Comcast Corp. and Verizon Wireless will launch in Seattle and Portland, Ore., on Tuesday a joint marketing program offering consumers bundles of wireless, cable-TV, landline phone, and residential Internet services. The marketing program will extend to other markets this year and in early 2013, and the product rollout is likely to include Philadelphia. Though Comcast's Xfinity products will be sold through Verizon Wireless stores, Comcast will cross-promote Verizon Wireless services through call centers and online sites.
December 4, 2011 |
Comcast Corp., in a sweeping move that aligns it with what one analyst called "its mortal enemy," joined two other cable companies to sell wireless spectrum to Verizon Wireless for $3.6 billion. The deal announced Friday includes an agreement by the parties to cross-sell bundles of wireless, phone, cable-TV and Internet products. Comcast, in turn, will gain access to Verizon's national wireless network. Verizon Wireless, which has 91 million wireless customers, will use the additional spectrum to boost capacity of its network for phones and tablets.