September 2, 2013 |
In one of the largest deals in global corporate history, Verizon Communications Inc. agreed to pay $130 billion to buy Vodafone Group's 45% stake in Verizon Wireless and take full control of the nation's top wireless carrier. In an era of ubiquitous cellular service and fast-rising use of smartphones, Verizon was eager to take hold of a business with big challenges but equally significant potential. Despite heavy competition and slowing subscriber growth, the wireless business is expected to be paced in coming years by growing demand for video and other premium services.
February 22, 2001 |
The Justice Department said it has lingering doubts that Verizon Communications Inc. has met the federal requirements to provide long-distance telephone service to local customers in Massachusetts. The antitrust authority urged the Federal Communications Commission, which will have final say on Verizon's application, to weigh the full record when ruling on the application.
February 8, 2001 |
Verizon Communications Inc. said it expects to cut the equivalent of 10,000 jobs this year, mostly by not filling vacancies and cutting overtime and the use of contractors. But some layoffs are possible at the nation's largest local phone company. The reduction in Verizon's core phone operations is part of an ongoing effort to cut positions duplicated by last year's purchase of GTE and meet the cost-savings goals made possible by that merger, a spokesman said Wednesday.
August 1, 2001 |
Verizon Communications Inc. reported second-quarter profit in line with expectations Monday but cut its forecast for the full year because businesses are ordering fewer phone lines amid a slowing economy. The nation's largest telephone company now expects per-share earnings of $3.07 to $3.12 for fiscal 2001, less than the $3.13 to $3.17 it forecast earlier, spokesman Peter Thonis said. Sales are expected to grow about 5% to 6%, down from the 7% growth forecast in April.
February 26, 2001 |
More than three years after introducing the nation's first all-in-one phone plans, a unit of Verizon Communications is pulling the plug on the offering, forcing 370,000 consumers nationwide to switch their local and long-distance service to less attractive options. The plans, which offered local and long-distance phone service for a flat monthly fee, were originally touted as a groundbreaking effort to simplify phone service and spur competition in local markets.
August 17, 2008 |
When it comes to choosing broadband Internet providers, you can't always get what you want. But with certain limitations, you can get what you need. If you use the Internet regularly, chances are you already have broadband -- that is, a high-speed hookup, usually through your cable television provider or phone company. But are you getting it at the right speed and right price? There are more choices than ever, even though you typically have to go with a provider that serves your neighborhood.