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BUSINESS
June 29, 2006 | From the Associated Press
Targeting a top gripe by cellphone users and breaking ranks with its industry, Verizon Wireless plans to prorate the fee it charges subscribers who break a contract so they only pay an amount proportional to the time left on their agreements. The change in the early termination fee will be implemented this fall for new customers and Verizon Wireless subscribers who sign a new contract, the company said Wednesday. The company, owned jointly by New York-based Verizon Communications Inc.
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BUSINESS
August 25, 2000 | From Bloomberg News
Verizon Communications' (ticker symbol: VZ) Verizon Wireless Inc., the No. 1 U.S. mobile phone business, filed Thursday to go public in what would be one of the biggest initial stock sales ever. The Bedminster, N.J.-based wireless unit, which has more than 25 million customers, gave a preliminary assessment in a filing with the Securities and Exchange Commission that the initial public offering could raise $5 billion, making it the third-biggest IPO in U.S. history.
BUSINESS
August 17, 2012 | David Lazarus
The Department of Justice says Verizon can go ahead with its $3.6-billion purchase of wireless spectrum from the cable industry, but not without some tweaks to help protect consumers from telecom behemoths becoming too cozy. Specifically, the DOJ said Thursday that it's placing limits on sales of cable services at Verizon Wireless stores - a move that had appeared to relegate Verizon's own TV and Internet offerings to the back burner and make the market less competitive. I'm not a told-you-so kind of guy, but this is exactly what I warned of in a column last month questioning how this deal worked in consumers' best interest, not to mention how downplaying the company's own services was good for Verizon shareholders.
BUSINESS
September 2, 2013 | By Walter Hamilton
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. The deal would put to an end a joint venture launched by the two telecom giants in 2000 after a string of mergers that had altered the contours of the mobile-phone industry. Verizon had made repeated attempts during that time to acquire Vodafone's stake, but the two could not agree on price.
BUSINESS
June 21, 2003 | From Bloomberg News
Verizon Wireless Inc., the largest U.S. mobile telephone carrier, will begin selling a walkie-talkie phone as early as next month, marking the first such challenge to Nextel Communications Inc., said people familiar with the matter. Verizon Wireless will sell Motorola Inc.'s V60p phone and one model from South Korea's Samsung Electronics Co. From Bloomberg News
BUSINESS
December 2, 2005 | From Associated Press
Verizon Wireless has signed on to be the first cellular service provider to offer a broadcast TV network for mobile phones that San Diego-based Qualcomm Inc. plans to launch in late 2006. The companies declined to say what programming might be featured over the MediaFLO system, which will be broadcast to mobile phones over a portion of the wireless spectrum different from that of cellular calls and data services.
BUSINESS
December 2, 2011 | By Joe Flint, Los Angeles Times
A joint venture including the nation's two largest cable companies took the biggest step yet to pull the industry out of its once ambitious plans to build a wireless network and compete with mobile carriers for cellphone customers. The venture, which consists mainly of Comcast Corp. and Time Warner Cable Inc., said Friday that it agreed to sell all of its licenses for broadband airwaves to Verizon Wireless for $3.6 billion. The deal, which must be approved by federal regulators, will better position Verizon to compete with rival AT&T, which is trying to salvage its $39-billion bid to buy T-Mobile USA. The Justice Department has filed an antitrust suit to block the AT&T deal.
BUSINESS
August 30, 2005 | From Reuters
Verizon Wireless cut the price of high-speed wireless service for laptop computer users by 25% in a promotion aimed at winning more customers. Verizon Wireless, a venture of Verizon Communications Inc. and Vodafone Group, said it would offer a price of $59.99 a month through 2005. It had been charging $79.99 a month for the service, which delivers the Internet to laptops at speeds comparable to some home computers.
BUSINESS
September 21, 2002 | Bloomberg News
TELECOM * Qwest Communications International Inc., seeking to reduce $26.3 billion in debt, may sell its mobile-phone business to Verizon Wireless Inc. for as much as $1 billion, people familiar with the talks said. Qwest, the biggest local-phone company in 14 Western U.S. states, is selling assets after reporting nine straight quarterly losses. Alltel Corp., a rural-service provider in the Southeast and Midwest, also has considered buying the business.
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