News tagged: Verizon FiOS
Verizon just got done selling all of its fixed-line network assets in California, Texas and Florida to Frontier Communications
, and the company is giving every indication that more deals may be in the works. Speaking to investors during the Morgan Stanley Technology, Media & Telecom Conference 2015, Verizon CFO Fran Shammo told attendees the company will consider additional deals if they are at the "right price" and geographically make sense:
"For the right price and right terms, if there's an asset we don't believe is strategic to Verizon and can return shareholder value, we'll dispose of that asset," Shammo said. "If you look at Florida, Texas and California, these are three island properties and FiOS is a small footprint of those properties compared to the copper footprint except for Florida because it was just Tampa."
Of course there's still plenty of areas in the Northeast Verizon doesn't have much interest in upgrading from DSL -- including most of upstate New York and cities like Boston, Buffalo, Alexandria and Baltimore. Pressed again for whether Verizon might expand FiOS again someday, Shammo politely stated no:
"You should expect wireline capex to trend up and wireline capex to trend down," Shammo said. "Within the wireline business we still have legitimate LFAs that we have to complete in cities like New York City, Philadelphia and D.C."
Capped wireless service is significantly more profitable, less regulated and less unionized that fixed-line service, and Verizon has made their intentions to continue veering sharply away from the latter abundantly clear.
Frontier Communications and TiVO have struck a new deal that may give Frontier customers access to TiVO hardware and service. According to a company announcement
, Frontier will begin to market and deploy co-branded versions of TiVo's suite of whole-home products and services -- including an industry-first deployment of the TiVo Roamio DVR with over-the-air (OTA) support -- starting sometime in the middle of this year. Frontier's going to target cord cutters with these services; the company never particularly bullish on offering TV services -- even though they just acquired Verizon's DSL and FiOS assets in CA, FL and TX
Earlier this month Frontier Communications announced it would be acquiring all
of Verizon's fixed-line assets in California, Florida and Texas in a deal worth $10.5 billion
. Before that, Frontier acquired all of AT&T's fixed-line assets in Connecticut in a deal worth $2 billion
As we've noted, Verizon's been looking to offload its fixed-line assets for years
, since the company clearly finds wireless service (and caps and overages) a far-more profitable venture. As such they've spent the last few years actually raising rates and neglecting unwanted customers
in the hopes they'll leave to wireless, or leave to companies like Comcast (where they'll then be pitched...you guessed it...Verizon Wireless services as part of a co-marketing arrangement).
Verizon and Frontier Communications have formally announced that Frontier is buying another massive chunk of Verizon's unwanted fixed-line network. According to a Frontier press release
, the $10.5 billion deal will involve Frontier acquiring all
of Verizon's residential, commercial and wholesale customers in California, Florida and Texas.
The FCC's 2010 net neutrality rules were, if you'll recall, originally written with heavy help by the likes of AT&T, Verizon and Google. As such they had loopholes large enough to drive several convoys through, and they didn't cover wireless at all. story continues..
Those unconfirmed Verizon employee rumors I've been hearing about
of a Verizon sale of Florida, Texas and California DSL and POTS assets to CenturyLink got it half right: Verizon is
preparing to sell off a massive chunk of its fixed-line network. Except according to a report in the Wall Street Journal
it's Frontier doing the buying.
For a few months now Verizon employees have been whispering in my ear that they've been hearing rumors of another large Verizon fixed-line network asset (POTS, DSL) sale -- specifically some or all of California, Florida and Texas assets to CenturyLink. To be clear, none of these insiders could offer corroborating evidence of this, and Verizon wouldn't respond to my request for comment. story continues..
Normally advertisement dispute ads between ISPs are handled by the National Advertising Division of the Better Business Bureau, a sort of self-regulated industry mechanism to handle disputes so that regulators don't get involved. Occasionally though disputes end in lawsuit, like this week when Cablevision announced
it would be suing Verizon over Wi-Fi network claims.
With the exception of major city franchise obligations (and even those have lots of wiggle room
), Verizon all but ended their FiOS expansion plans around five years ago. With so many un-served cities still begging to be upgraded Verizon continually has to remind folks that they're simply not interested in upgrading their fixed line networks any more.
Verizon's MyFioS Android App
contained a bug that exposed some Verizon customer information and could allow a hacker to view customer e-mails and send e-mails from those accounts. Randy Westergren, senior software developer with XDA-Developers, states in a blog post
that the bug has existed since at least June 2013 when the app was created.
Netflix today released their ISP streaming performance ranking for December
, which offers performance data based on the 53 million global Netflix viewers and the two billion hours of content they watch each month. There wasn't too much of a shake up in this month's ranking, with Verizon FiOS continuing to top the list after they struck an interconnection deal with Netflix last year.
Speaking at CES, Verizon CEO Lowell McAdam this week stated that the company's "wireless first" live TV streaming service should launch sometime during the second half of 2015. According to McAdam, the offering should feature around 20 to 30 channels, and will be priced to attract a younger demographic that has grown accustomed to life without a traditional cable subscription. story continues..
As Verizon and AT&T look to offload DSL markets they don't want to upgrade to focus on wireless, Verizon CEO Lowell McAdam made another comment this week suggesting that more of the company's DSL and POTS markets could be sold. Speaking at the Citi 2015 Global Internet, Media & Telecommunications Conference McAdam stated
that the company still has some fixed-line assets that would geographically make more since if sold to another telco.
Earlier this year we noted how some New Jersey residents have been complaining that Verizon never delivered the 45 Mbps to 100% of the population the company promised back in the 90's
as part of an agreement with the state. Verizon (then Bell Atlantic) was given billions in tax deductions in exchange for fixed-line broadband the company never delivered.
Earlier this month a blog post by Verizon indicated that Verizon would sue
the FCC if the agency tried to pass anything other than the flimsy, Section 706 rules the FCC already tried to implement once. As noted at the time
, Verizon would prefer it if readers of their missives ignore that it was Verizon that sued to overturn the FCC's original Section 706 rules, bringing us to the current Title II debate in the first place.
Verizon has agreed to pay $1.37 million to settle an investigation into the company's FiOS billing practices in Maryland. According to the The Baltimore Sun
, the settlement settles a six-year investigation into misleading Verizon promotions (like those televisions the company had a hard time ponying up years back
) incorrectly charged early termination fees, and instances where Verizon failed to adequately outline equipment fees. "Verizon's activities when it was rolling out FiOS established it as one of our office's biggest complaint generators," Attorney General Douglas F. Gansler said in a statement. "I'm pleased that Verizon is changing its marketing practices to accurately reflect the total cost of its services and that a significant number of consumers will receive restitution as a result of this agreement."
As noted previously, Verizon's FiOS expansion has been over for several years
, with the exception of franchise build out promises for major cities (though some of those deployment promises, like in NYC, probably won't be met
). Still, some of the forgotten regions in Verizon's footprint (like Alexandria, Baltimore, Buffalo & Boston) continue to hold out hope that the company will eventually decide to extend FiOS a little bit further.
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