April 17, 2002 |
Metromedia Fiber Network Inc. defaulted on a $30-million debt interest payment to Verizon Communications Inc., the second missed payment this month by the data cable owner controlled by billionaire John Kluge. The provider of links for Internet companies including AOL Time Warner Inc. averted bankruptcy last year by securing $611 million of financing, which included a $150-million note from Citigroup Inc. and a $230-million note convertible into stock.
May 28, 2008
High-definition TV: An article in Section A on Tuesday about Los Angeles' receiving fewer high-definition TV channels than many other major markets said telecommunications provider Verizon Communications Inc. doesn't serve the city. Though Verizon doesn't offer pay-TV service in Los Angeles, it serves a small number of phone customers in parts of West Los Angeles and the San Fernando Valley.
April 28, 2009 |
Verizon Communications Inc. said its earnings grew 5% in the first quarter, boosted by its acquisition of Alltel Corp. and strong demand for its wireless, Internet and TV services. Verizon earned $3.21 billion, or 58 cents a share, compared with $3.05 billion, or 57 cents, a year earlier. Revenue rose almost 12% to $26.6 billion.
April 24, 2001 |
Verizon Communications said it is seeking permission from the Federal Communications Commission to offer long-distance phone service in Connecticut. Before it can offer long distance in its home territory, Verizon, like the other Baby Bell companies, must prove to regulators that it has opened its local networks to competitors. The Connecticut Department of Public Utility Control determined April 11 that Verizon met requirements in that state.
December 10, 2000 |
Verizon Communications worked to clear a backlog of millions of junk messages that slowed e-mail for as many as 200,000 of its Internet customers on the East Coast. Officials at New York-based Verizon, the company formed by the merger last summer of Bell Atlantic and GTE Corp., said its systems are still working but that some customers may experience delays of several hours in sending and receiving messages.
January 17, 2008 |
Verizon Communications Inc., the second-largest U.S. phone company, sued competitor Cox Communications Inc., claiming infringement of eight patents for providing telephone services on a data network. New York-based Verizon also is seeking a court order to block Atlanta-based Cox, the third-largest cable TV company, from using the technology. Four of the eight patents at issue are the same ones that Verizon asserted successfully against Vonage Holdings Corp. last year. Vonage settled that case for $120 million.