Reuters is reporting that Verizon’s new CEO plans to cut 15,000 jobs at the company, reducing non-union management ranks by a fifth
Search Results
Results for "Verizon"
Ex-PayPal CEO takes the reins at Verizon
This week, Verizon has announced the appointment of Daniel Schulman, former CEO of PayPal, as company CEO. He is no stranger to Verizon, having also served on the company’s Board for seven years.
Court rejects Verizon’s appeal over $46.9m data sharing fine
This week, the US Court of Appeals for the 2nd Circuit as rejected Verizon’s appeal to overturn a $46.9m fine issued to it last year for illegally handing customer location data to third parties without consent.
T-Mobile takes potshots at AT&T and Verizon as it launches ‘T-Satellite’ service
This week, T-Mobile has concluded the open beta phase of its D2D satellite service, officially launching it under the name ‘T-Satellite’.
Verizon scraps DEI initiatives to secure FCC approval of $20bn Frontier takeover
News Verizon says the deal will allow it to upgrade its fibre network in 25 states Verizon has been given approval from the US Federal Communications Commission (FCC) for its $20 billion acquisition of Frontier Communications, in part for agreeing to drop its...
Verizon pledges $5bn to boost US small business
News Verizon has pledged $5 billion over the next five years to support small business suppliers across the US, through the launch of its new Small Business Supplier Accelerator The initiative is designed to lower barriers to entry for small enterprises, seeking to...
Verizon to deploy private 5G network at Buffalo Bills Highmark Stadium
The Buffalo Bills today announced Verizon will be the exclusive wireless telecommunications partner of the new Highmark Stadium, set to open in 2026.
Verizon business partners with Singtel and Skylo on IoT
News Verizon Business is expanding its Internet of Things (IoT) services with two new key partnerships Image credit: Verizon Verizon Business has teamed up with Singapore’s Singtel and satellite provider Skylo to offer IoT connectivity in over 200 countries....
T-Mobile expands free Starlink trial to AT&T and Verizon customers
In a Superbowl commercial last weekend, T-Mobile announced the launch of T-Mobile Starlink, a new satellite-based service that aims to eliminate mobile dead zones in remote areas of the US.
Majority of Frontier stockholders approve of acquisition by Verizon
Approximately 63 percent of Frontier Communications stockholders have voted to approve a merger agreement proposal. Frontier, which announced the news following a Nov. 13 special meeting, also reported that ten of the company’s top 12 stockholders voted in favour of the transaction.
Verizon extends US defence contract in $98m deal
Verizon announced a two-year extension to its Global Network Solutions (GNS) contract with the Department of Defence (DoD), boosting the contract’s total value to over $98 million. Originally awarded in 2016, this extension will support secure communication networks in Southwest Asia, a region critical to US government operations.
UScellular sells spectrum to Verizon in $1 billion deal
UScellular has reached a $1 billion agreement with Verizon to sell part of its spectrum holdings, the company has announced.
The deal includes spectrum licences in the 850 MHz band, as well as AWS (Advanced Wireless Services; i.e., 695–2200 MHz) and PCS (Personal Communications Services; i.e.,1850–1995 MHz) licenses.
Verizon offloads mobile towers to Vertical Bridge for $3.3bn
Verizon has announced this week that it intends to sell the rights to lease, operate, and manage 6,339 mobile towers to infrastructure giant Vertical Bridge.
Verizon Business signs 5G deal with teledriving company Vay
This week, Verizon Business has announced a new partnership with German start-up Vay Technology, aiming to provide the latter’s remotely operated electric vehicle fleet with 5G technology.
Verizon’s 4,800 job cuts will cost over $1.9 billion
This week, the initial cost of the job cutting measures has been revealed, with Verizon facing a $1.9 billion pre-tax charge in Q3 related to severance pay.
Verizon boosts fibre business with $20bn purchase of Frontier
Verizon is buying Frontier Communications in a $20 billion deal to strengthen its fibre network, with the deal representing significant growth for Verizon’s fibre business.
Verizon leverages AI to reduce fibre cuts
Verizon has rolled out a new program aimed at protecting its fibre infrastructure from accidental damage during construction and excavation projects, ahead of the nationwide “Call Before You Dig” day on August 11.
Verizon mulls $3bn tower sale
This week, reports from Bloomberg suggest that Verizon is exploring the potential sale of up to 6,000 of its telecoms towers situated across the US.
Verizon faces $2.6bn lawsuit from music labels
A group of major record labels including UMG Recordings, Warner Music, and Sony Music are suing US wireless giant Verizon, accusing them of knowingly facilitating music piracy.
AST SpaceMobile shares rocket after Verizon investment
Last month, AST SpaceMobile agreed a new partnership with Verizon, promising to use its upcoming satellite network to deliver ubiquitous connectivity across the US. Now, weeks later, the company’s value continues to surge, with its share price rising 70% to its highest level since November 2022.
Recent Video
- “Not just a pipe”: Incognito talks ISP agility and value-added services
- New CityFibre CEO talks growth and altnet consolidation at Connected Britain
- Huawei and Singtel on building a sustainable network
- Connected North: Thoughts from the show floor
- Discussing the fate of the BEAD Program with Dr. Nathan Smith
