Verizon Wireless to expand data service
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Verizon Wireless will expand its fastest wireless data service to New York City and 13 other markets Monday, but Boston will probably have to wait until winter.
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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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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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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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Verizon Wireless subscribers will soon be able to access "mobile money" using their cell phones, the cellular operator says.
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The extra licenses will give Verizon Wireless, the country's second-largest mobile phone provider, room to grow in 23 markets.
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Verizon Communications Inc. said yesterday it will extend a powerful new fiber-optic network capable of delivering cable television to 1 million US homes and
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Verizon Wireless this week said its 3G service will be available in 14 US markets and 20 airports on September 27. Next Monday, it will also be offered in Atlanta; Austin, Texas; Baltimore; Kansas City, Missouri
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Verizon Wireless plans to expand its wireless high-speed data network into 14 additional cities, including New York and Los Angeles.
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(InfoWorld) - Large businesses in the United States looking for high-bandwidth networks that can handle several technologies have a new option available to them with the launch of a dedicated optical network service from Verizon Communications' Business unit. Verizon Business' Integrated Optical Service allows companies to integrate Ethernet service and optical technologies such as dense wave division multiplexingÂ and synchronous optical networkÂ into a single ring network, the company said. The service can support several applications, including time-division multiplexing, storage, video, and mainframe applications. "You can bring it all together under a single platform," said Mike Marcellin, vice president of product marketing at Verizon Business. "All the types of applications and protocols our customers are asking for are now are able to be delivered over a single architecture." The service, with total bandwidth capability of 440Gbps, is targeted at customers with high-bandwidth requirements, including the financial, health-care, government and education sectors. It's the first dedicated optical network service offered by a top-tier telecom provider, according to Verizon. "That's a lot of bandwidth," said Michael DiVecchia, Verizon Business' group manager for optical product management. The service may not generate broad interest among large businesses, but "to particular types of companies, they are critical," said Lisa Pierce, vice president at Forrester Research. Some customers in media and financial services "who need very large amounts of bandwidth" will be interested in the service, she said. Companies going through mergers that are trying to patch together different types of networks would also benefit, as would companies looking for ways to join legacy networks for other reasons, Pierce said. "Carrier consolidation forces this type of service," she said. "If you look at the types of optical services a Verizon or AT&T has at a local level, you'll see great variation based on legacy provider." The Integrated Optical Service uses an optical transport platform called reconfigurable optical add/drop multiplexer, or ROADM, that allows customers to converge voice, video, and data with a range of other applications on a high-speed network, Verizon Business said. The service is available immediately in 26 states and cities, including New York, Philadelphia, Boston, Washington, D.C., Dallas, Los Angeles, and Seattle. Pricing depends on the services customers want but generallyÂ ranges from about $60,000 to $150,000 per month, DiVecchia said. The product includes a service level agreement that includes around-the-clock monitoring and a guaranteed uptime of 99.999 percent, DiVecchia said.
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DECEMBER 01, 2004 (REUTERS) - Cingular Wireless LLC, the largest US wireless telephone company, said yesterday that it would upgrade its network next year to handle high-speed data transmissions.
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The largest U.S. wireless service provider commits billions to network data speed upgrades.
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Verizon Wireless is including Milwaukee among 14 cities where on-the-go business people can equip their laptops for a new high-speed data service that will be available anywhere in the metro area.
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Verizon Wireless, the No. 2 U.S. cell  phone provider, said on Monday that it was expanding its  wireless service offerings at discount retailer Wal-Mart Stores  Inc.  to boost its distribution.
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Cingular Wireless, the largest US wireless telephone company, said on Tuesday it would upgrade its network to handle high-speed data transmissions next year.
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Wireless carriers look beyond home markets for new growth.
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Deployment will boost Verizon's advanced data and enterprise services in Asia-Pacific.