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Media Giants Fight Verizon Bid to - Unbundle' TV

2015-04-22 06:45:57| Telecom - Topix.net

The simmering struggle over the familiar bundle of cable-television channels broke into open warfare Tuesday as owners of some of the most popular channels accused Verizon Communications Inc. of violating contracts in its bid to offer slimmer, cheaper packages of pay TV.

Tags: tv media bid fight

 

Media Giants Fight Verizon Bid to - Unbundle' TV

2015-04-22 03:50:17| IT Services - Topix.net

The simmering struggle over the familiar bundle of cable-television channels broke into open warfare Tuesday as owners of some of the most popular channels accused Verizon Communications Inc. of violating contracts in its bid to offer slimmer, cheaper packages of pay TV.

Tags: tv media bid fight

 
 

Verizon defends new cable deals as media companies complain

2015-04-21 22:05:52| Real Estate - Topix.net

Francis Shammo, Verizon's chief financial officer, said in a conference call Tuesday that the new packages are allowed "under our existing contracts." The plans were rolled out Sunday.

Tags: media companies deals cable

 

Is Verizon Right By Focusing Only On Wireless Business Amid Tough Competition?

2015-04-21 21:42:30| Wireless - Topix.net

Verizon Communications Inc. looks focused to dominate the U.S. wireless industry. In addition to investing a huge amount of money to improve its network infrastructure, the company has been trying to bring budget customers on board, a clear move to diversify revenue sources.

Tags: business wireless competition tough

 

Verizon Wireless service revenues fall 0.4% in Q1

2015-04-21 14:54:00| Telecompaper Headlines

(Telecompaper) Verizon reported a slowdown in mobile customer growth and a drop in wireless services revenues in the first quarter, amid intense competition in the US market. Total mobile revenues were up 6.9 percent year-on-year to USD 22.3 billion, as its new handset pricing Verizon Edge helped offset a 0.4 percent fall in service revenues to USD 17.9 billion. Sales through Edge increased to 39 percent of phone activations in the quarter from 25 percent in Q4 2014, and Verizon said the figure has since risen to nearly 50 percent. The wireless operating margin was flat year-on-year at 35.0 percent, and the EBITDA margin fell by 0.1 percent point to 44.8 percent. Verizon Wireless added 565,000 retail postpaid customers in the three months, while losing 188,000 prepaid users. Total retail connections were up 5.1 percent year-on-year to 102.6 million. Retail postpaid churn was at 1.03 percent in the quarter, down from 1.07 percent a year ago. At the bottom line, Verizon reported earnings of USD 1.02 per share, down from USD 1.15 a year ago when it booked one-time gains on its buy-out of Verizon Wireless. Excluding these items, EPS was USD 0.84 a year ago. 

Tags: service fall wireless revenues

 

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