Wireless and fiber add to Verizon growth
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Earnings meet analyst expectations, and company continues to gain momentum through wireless and fiber-to-the-home business.
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Agreement with Verizon will allow deployment of a citywide wireless network.
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Verizon Communications Inc., the nation's largest telephone company, announced yesterday it is digging up streets and stringing wire in six states, including Washington's Maryland and Virginia suburbs, to build a new fiber-optic network that will deliver high-speed Internet service and cable-style television to homes and businesses.
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Verizon, the largest US phone company, will hire as many as 5,000 workers from Massachusetts to Virginia to build a fiber-optic network to 3 million homes by the end of next year.
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Growth is returning to the global wireless giant.
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Verizon Communications Inc. put a price tag on its ambitious fiber-optic initiative for the first time, estimating yesterday it will spend $22.9 billion to rewire more than half of its copper telephone network so it can sell cable TV and super-fast Internet connections.
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By Anonymous  No sooner has the market for consumer electronics devices incorporating Wi-Fi begun to gain real traction than another, based on high-speed connections via 3G cellular technologies or mobile WiMAX, is starting to take shape.
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Sprint (NYSE: FON) will spend US&#36;3 billion over the next three years to upgrade its U.S. wireless network, including the development of high-speed Internet services.
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InfoWorld - Driven largely by gains in its wireless and data businesses, Verizon Communications' revenue was up 5.5 percent year over year in the fourth quarter of 2007, and net income was up slightly.
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AT&amp; T and iPhone got the buzz, but Verizon&#39;s EV-DO customers got a network speed boost.
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Verizon will use Linksys phone adapters for its VoIP service, as the market for placing calls over the Net picks up momentum.
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Plus: Verizon boosted by wireless, fiber...Nintendo outlook positive...Sun reports increased quarterly profit.
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Verizon Wireless on Monday plans to make its wireless broadband service available in 11 more cities, an expansion the carrier claims will dwarf its competitors.
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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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The wireless network operator's growth looks both substantial and sustainable.
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MOUNTAIN VIEW, Calif.  - Wireless services will  lead the next growth phase of the Internet as venture  capitalists who helped fund the early boom open their wallets  again, industry leaders said Monday.
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Investors squawked a few years ago when Verizon said it would spend billions to take fiber to the doorstep. Now they're cheering.