Tag - Verizon
For the first time, the next iPhone from Apple will reportedly use modems provided by Intel, rather than Qualcomm, for its US and some overseas versions of the smartphone. The sale marks the first time Intel mobile chips have scored a major sale to a dominant mobile player. Qualcomm's modems will continue to be used for iPhones sold to Verizon customers in the US, and most other overseas markets -- crucially for Qualcomm, including China, which is Apple's second-largest market.
Verizon and striking Communications Workers of America and International Brotherhood of Electrical Workers union members have reached an "agreement in principle" which may end the month-long strike. If the deal is signed, the 35,000 picketers may return to work as soon as next week.
Verizon has managed to post quarterly earnings roughly in line with expectations from analysts, posting revenues of $32.2 billion that missed estimates by $300 million, though its earnings per share of $1.06 is an increase of 3.9 percent compared to the first quarter of last year. Operating income for the telecoms company was $7.9 billion with an operating income margin of 24.7 percent, and an EBITDA totaling $12 billion in the quarter.
Some 40,000 Verizon workers walked off the job in the northeastern part of the US on Wednesday in one of the largest strikes in recent memory following the stalling of contract talks between the telecommunications provider and two of its unions, the Communications Workers of America (CWA) and International Brotherhood of Electrical Workers (IBEW), which represent mostly network technicians and customer service representatives. The unions have worked without a contract since August on the company's wireline services; cellular and wireless communications are not affected by the action.
Accusations from T-Mobile CEO John Legere that its major rivals were throttling Netflix streams have been answered, by Netflix itself. The streaming video service admitted that videos viewed by AT&T and Verizon Wireless customers were capped, but Netflix is the company behind the decision to limit video bandwidth per customer, rather than the carriers accused by Legere, and it has throttled connection speeds to the majority of carriers around the world for the last five years.
Verizon has agreed to settle with the Federal Communications Commission over its investigation into "supercookies." As part of the settlement, the carrier has agreed to notify its subscribers about its targeted advertising programs and request consent before using them to serve advertising messages to customers via third parties or within its corporate family, adhere to a three-year compliance plan, and pay a fine of $1.35 million.
Current non-practicing entity, and the holder of defunct Digifonica's patent portfolio, Voip-Pal has filed patent infringment lawsuits against Apple, Verizon, and AT&T over an assortment of law enforcement surveillance, emergency calling, and VOIP routing patents. The suits, filed in the Federal District Court in Las Vegas, are seeking over $7 billion dollars in royalty payments from the three companies.
Apple is among a clutch of tech companies in negotiations with the National Football League (NFL) for the nonexclusive digital (streaming) rights to Thursday Night Football, a report from Variety has revealed. While the NFL has said only that it is in "active discussions with prospective digital partners" on the matter, Verizon's Go90 service, Amazon, Apple, Google, and others are involved in negotiations. CBS and NBC, who have the television rights, will also be able to stream the games in the US.
Verizon Communications today reported its fourth-quarter 2015 earnings, as well as its annual report. For the quarter, the company posted earnings of $1.32 per share, as compared to a $0.54 loss in the fourth quarter of 2014. For the full year, Verizon reported $4.37 in earnings per share in 2015, compared with $2.42 in 2014. Perhaps more importantly for the company, its wireless customer base continues to grow, with 1.5 million customers added in the last quarter alone
Joining AT&T and T-Mobile, wireless provider Verizon has launched its own sponsored streaming data exception program. FreeBee Data 360, one of the pair of programs launched today, allows providers to sign up to provide consumers some or all of their mobile content -- whether in an app or mobile website -- without using consumers' data plans, with the sponsor being billed on a per-GB pricing model.