Verizon Wireless Will Pay $3 Billion for Additional Capacity
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Verizon Wireless said it would pay $3 billion in cash for the spectrum licenses owned by NextWave Telecom, a move that should expand coverage for new subscribers.
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NEW YORK, November 5  - Verizon Wireless, a joint venture of Verizon Communications (VZ.NYS) and Vodafone Group, has reached an agreement to acquire all of NextWave&#39;s airwave spectrum licenses for about $3 billion.
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Sprint and Nextel Communications agreed Wednesday to a merger that will create the third largest US wireless company. The stock-cash deal has an estimated value of more than $35 billion, depending on the value
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NEW YORK -- Verizon Communications Inc., the nation's second largest telecommunications company, on Monday reported a 3.9 percent rise in fourth-quarter earnings on steady but moderate growth in its core operations.
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The carrier will give its broadband subscribers access to 3,900 hot spots for $1.99 a month.
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Verizon Wireless is buying cellular capacity for 23 markets from bankrupt NextWave Telecom Inc. for $3 billion, ending the government&#39;s long tug-of-war over the never-used licenses and bolstering Verizon against
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Verizon Wireless announced Friday that it plans to buy airwave licenses from NextWave Telecom Inc. for $3 billion in cash, giving the cellular phone giant the ability to carry more calls in some of the nation's largest cities. -The Washington Post
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Cingular, the largest US mobile phone operator, is to launch a high-speed third generation (3G) network.
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Verizon Wireless announced yesterday that it plans to buy airwave licenses in 23 markets from NextWave Telecom Inc. for $3 billion in cash, giving the cellular phone giant the ability to carry
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Verizon will be able to compete against AT&#38;T, the exclusive carrier of the iPhone, with its advanced 3G services, CEO says.
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Verizon Communications posted net income of $4.2 billion for the third quarter, up 19 percent from a year ago, driven largely by new wireless and fiber broadband customers, the company said Monday.The company added 1.6 million wireless customers and 229,000 new&#160;Fios fiber-based broadband&#160;customers, Verizon said. The company&#39;s Verizon Wireless subsidiary now has 63.7 million customers, and Verizon now has 1.3 million Fios broadband customers since launching the service in early 2005.Verizon reported total revenue of $23.8 billion, up 5.8 percent from the third quarter of 2006. Verizon&#39;s earnings per share, however, fell from $0.53 a year ago to $0.44 this quarter.Verizon&#39;s quarterly results show the company has &quot;hit its stride&quot; in offering wireless, broadband, and telecommunication services to large businesses, Chairman and CEO Ivan Seidenberg said in a statement.Among the highlights was an all-time high for Verizon wireless on average monthly revenue per customer, Verizon said. The average for retail voice service was $52.17 per customer, up 1.9 percent over a year ago.In addition to the customer gains for Fios broadband service, the company also added 202,000 Fios television customers, bringing the total number of Fios TV customers to 717,000. Verizon added 285,000 new broadband connections, including Fios and DSL (Digital Subscriber Line). Verizon now has 8 million broadband connections, up 21.3 percent over last year.Fios is available to 6.5 million U.S. residences.But total wireline revenue was down 0.8 percent from last year at $12.7 billion this quarter.Independent telecom analyst Jeff Kagan said Verizon&#39;s Fios push is beginning to pay off. Verizon is headed in the right direction, he said.&quot;It has taken a long time and cost a lot of money for Verizon to get to where they are today with their television and Internet,&quot; Kagan said. &quot;However, now that they are beginning to deliver on the Fios promise, the customers seem to be welcoming the offering.&quot;The now ready telecom-based television services are pumping new life into the telecom carriers, after cable TV companies beat them to the punch by offering voice service before telecoms received regulatory approval to offer TV service, Kagan said.&quot;All of a sudden that dynamic is shifting,&quot; he said. &quot;Suddenly telephone companies like Verizon and AT&amp;T are doing very well as cable television companies are struggling with their sagging stock price.&quot;
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Lucent Technologies and Sprint announced a contract renewal agreement - expected to exceed $1.5 billion over three years - to enhance Sprint&#39;s nationwide PCS wireless network and support the deployment of 3G CDMA2000 1xEV-DO technology.
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Verizon Wireless has agreed to pay a fine and reimburse users who were disconnected for "excessive" use of a cellular broadband service that was marketed as allowing "unlimited" use, New York's state attorney general announced Tuesday.
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The U.S. government raised $2.25  billion in an auction of wireless airwaves that ended on  Tuesday, with Verizon Wireless and a partner collectively  winning 63 licenses with almost $697.4 million in bids.
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The boards of both the US telecoms giant Sprint Corp and mobile phone operator Nextel Communications Inc have announced their intention to create the third largest mobile operator in the US, in a deal worth $35 billion.
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Verizon Wireless is buying wireless spectrum licenses covering 23 US markets from bankrupt NextWave Telecom Inc. for $3 billion, bolstering the cell phone company&#39;s ability to compete with the big new rival
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Sprint Corp., the third-largest wireless phone company in the US, doled out US$3 billion worth of contracts Tuesday to long-time suppliers Lucent Technologies, Nortel Networks and Motorola.