Verizon Wireless to Expand Profile
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The carrier, which sells phones and service plans through 1,200 of its own stores, has signed an exclusive deal to place Verizon Wireless stores within 570 Circuit City Superstores nationwide.
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NEW YORK - Verizon Wireless, the hulking champ of the cellular world, is about to meet a new contender. Any day now, the Federal Communications Commission is expected to recommend the approval of Cingular
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Verizon Wireless, preparing to open its network to devices it doesn&#39;t sell, will tell developers how to build products to run on its network at a two-day conference in New York in March.Late last year, the nation&#39;s second-largest carrier announced it would&#160;let consumers use equipment from third parties&#160;as long as it meets minimum technical standards for operating safely on Verizon&#39;s network. Verizon also said it would let them use any application on those devices. The move, expected by the end of this year, would represent a break from the traditionally closed networks of U.S. mobile operators. They typically sell phones themselves, with their own applications loaded, and only after dictating configurations and carrying out rigorous testing.Verizon&#39;s Open Development Conference, which will run March 19-20, will focus mostly on the requirements for devices that would run on the Verizon network, the company said. Verizon had said last year that it would publish technical standards for the developer community by early 2008. More information about the company&#39;s open initiative can be found here.Verizon&#39;s move was widely seen as anticipating the openness requirements attached to a part of the U.S. Federal Communications Commission&#39;s 700MHz spectrum auction, scheduled to begin later this month.&#160;Verizon is among the companies planning to bid&#160;on the prized frequencies, which are expected to reach longer distances and penetrate walls better than the cellular bands used in the U.S. today. Google, which has advocated more open networks, and Verizon rival AT&amp;T also plan to participate. Sprint Nextel plans to turn to third-party vendors for devices to run on its WiMax high-speed mobile network, due to launch in April.&#160;
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Verizon Wireless is plotting a response to AT&T's widely-anticipated Apple iPhone offering.
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Just as the AT&amp;T buy helped Cingular move ahead of Verizon Wireless to the top of the industry in terms of size, the new network would likely give it an overall faster network, a distinction most say Verizon can now boast.
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Wireless carriers look beyond home markets for new growth.
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Verizon Wireless subscribers will soon be able to access "mobile money" using their cell phones, the cellular operator says.
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Verizon Wireless will start offering video content from YouTube in an attempt to increase the number of subscribers to its Vcast mobile media service.
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As promised, ESPN will re-launch its mobile brand through a major carrier, signing a multi-year exclusive agreement with Verizon Wireless. The feature will be available to subscribers of the company's V CAST service.
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Verizon Wireless, a venture of Verizon  Communications Inc.  and Vodafone Group Plc  said  on Thursday it has been working with five communications  technology providers on developing the next generation of  wireless Internet services.
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Verizon's agreement with Philadelphia brings new life to the city's WiFi plans.
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Cingular Wireless LLC will begin deploying a speedier wireless Internet service next year, a move made possible by the network capacity gained with the recent acquisition of AT&amp;T Wireless as Cingular tries to catch up with to catch up with rivals led by Verizon Wireless.
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Driven largely by gains in its wireless and data businesses, Verizon Communications&#39; revenue was up 5.5 percent year over year in the fourth quarter of 2007, and net income was up slightly.Verizon on Monday reported revenue of $23.8 billion for the fourth quarter, which ended Dec. 31, up from $22.6 billion in the fourth quarter of 2006. Verizon&#39;s net income rose from $1.03 billion to $1.07 billion this past quarter.Earnings per share was $0.37, or $0.62 before one-time items, matching consensus earnings expectations by analysts polled by Thomson Financial. However, analysts had expected revenue of nearly $24 billion for the quarter.Not counting one-time charges, operating income dropped 0.6 percent, to $3.4 billion. One-time items included severance packages for layoffs that will continue through 2008, and a spin-off of wireline access lines in parts of New England.Verizon reported &quot;strong growth in sales of all our strategic products,&quot; Verizon Chairman and CEO Ivan Seidenberg, said in a statement. &quot;We see significant opportunities to grow revenues and expand our leadership in wireless and broadband markets, while reducing operating expenses.&quot;Verizon&#39;s revenue for the year was $93.5 billion, up by $5.3 billion from 2006.Verizon focused on growth in a couple of key areas, including its wireless business.Verizon Wireless&#39; customer numbers increased 11.3 percent from the fourth quarter of 2006, to a total 65.7 million, the company said. Wireless revenue for the quarter was $11.4 billion, up 13.3 percent from a year ago. Verizon Wireless added 2 million customers during the quarter.Wireless data revenue was particularly strong, said Doreen Tobin, Venison&#39;s chief financial officer. Wireless data revenue grew by 65 percent in 2007, she said during a conference call.&quot;We see enormous potential for growth in wireless data for years to come,&quot; she said.Total wireless revenue grew 15.3 percent in 2007, to $43.9 billion for the whole year. &quot;We have a proven business model,&quot; Tobin said. &quot;These results are further evidence of great execution, sustainable growth, and strong cash generation.&quot;In Verizon&#39;s data business, the company added 245,000 Fios fiber-based Internet customers, and 226,000 Fios television customers. The company added a total of 264,000 broadband customers in the quarter, including Fios and DSL (digital subscriber lines). Data revenue increased 12.8 percent to $4.8 billion.Some of those gains were partially offset by a 1.4 percent decrease in overall wireline revenue. Wireline revenue was $12.5 billion for the quarter, which includes the data revenue.Verizon had a &quot;very good year,&quot; but it faces some challenges in 2008, said Jeff Kagan, an independent telecom analyst.&quot;This year will be a little tougher with trouble in the housing market and debates about a coming recession, but so far, so good for Verizon,&quot; Kagan wrote in an e-mail. &quot;The telecom industry continues its strong growth, and cable television competitors have signaled price increases again, but at some point soon brisk competition will break out between the cable television companies and the telephone companies.&quot;The competitive action has started in many markets, but will spread dramatically this year,&quot; Kagan added. &quot;This will be an exciting year to keep our eyes on.&quot;Verizon has not yet seen slumping sales due to fears of a recession in 2008, Tobin said.
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(InfoWorld) - Verizon Wireless Inc. President Denny Strigl has been promoted to president and chief operating officer of parent company Verizon Communications Inc., the company announced Tuesday. The chief operating officer position at Verizon Communications is a new one, and Strigl will report to Verizon Chairman and Chief Executive Officer Ivan Seidenberg beginning Jan. 1, the company said. Strigl will have responsibility for all of Verizon's network-based businesses, Verizon Wireless, Verizon Telecom and Verizon Business as well as Verizon Services Operations, which provides financial, real estate and other services to the company. Verizon Vice Chairman and President Lawrence Babbio Jr. announced Dec. 11 that he planned to retire by the end of the first quarter of 2007. Lowell McAdam, currently executive vice president and chief operating officer at Verizon Wireless, will take over as president and chief executive officer of Verizon Wireless. Independent telecom analyst Jeff Kagan called the Strigl promotion a "good move." Under Strigl, Verizon Wireless has offered excellent products and posted strong financial results, Kagan said in an e-mail. "Moving forward, the wireless business will continue to be a stand-alone provider of wireless services, but it will increasingly offer services as part of a larger bundle," Kagan added. "Verizon is growing and changing quickly as the industry does, focusing more on broadband and wireless services for growth." Separately, Verizon Communications named John Stratton, currently vice president and chief marketing officer for Verizon Wireless, to the newly created position of executive vice president and chief marketing officer, responsible for the marketing of all Verizon's business units. Shaygan Kheradpir, currently chief information officer for Verizon Telecom, has been named to the newly created position of executive vice president and chief information officer, responsible for the information technology initiatives of all Verizon's business units. McAdam, Stratton and Kheradpir will report to Strigl, effective Jan. 1. The revised management structure will allow Verizon to focus more effectively on opportunities to grow and strengthen the business, the company said in a press release. As chief operating officer, Strigl will provide a single point of accountability for all business units. Babbio will continue to report to Seidenberg, and he will help with the management transition.
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Verizon recently announced plans to roll out its new wireless BroadbandAccess service in 14 American cities, with more to follow.
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Customers are now able to add wireless to a Verizon service bundle to get even more discounts.
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Verizon is expanding its business-level data platform to parts of Europe and the Asia Pacific region.