Verizon Communications Inc. Posts

Verizon Communications Inc. (VZ) completes Verizon Wireless deal with Vodafone

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Verizon Communications Inc. (NYSE:VZ) has completed the deal with British mobile company Vodafone over Verizon Wireless. Vodafone is selling their stake in U.S. telecommunications company Verizon Wireless. This triggered a $23.9 billion in cash return to shareholders.
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Verizon agrees to buy Intel’s TV business OnCue

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Verizon has agreed to acquire the TV business from Intel. Intel is selling off their TV business in order to focus on their core businesses such as mobile processors. Verizon will gain an edge in delivering live TV over the Internet through the acquisition. Verizon will be using Intel’s OnCue technology for delivering video through their Fios fiber-optic home broadband service and 4G wireless network service.
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Verizon reports profits of $7.9 billion

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Verizon has released their year-end financial report today. Verizon added 1.7 million customers in the last quarter. Now Verizon has a total subscriber count of 102.8 million. This solidifies Verizon as the largest wireless carrier in the U.S.

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Report: Verizon to buy content delivery network company Edgecast for over $350 million

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Verizon is going to buy out content delivery network company Edgecast for over $350 million, according to TechCrunch. Verizon would likely combine EdgeCast with their own global network platform called COMMA. EdgeCast offers CDN services to companies like Twitter, Hulu, and Pinterest. The acquisition is expected to be officially announced in the next few days.
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Report: Intel Is Seeking $500M For Streaming TV Division

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Intel has stopped developing their own Web TV service and they are looking for a buyer.  Intel wants to sell the service for around $500 million, according to Bloomberg. Intel is looking to end the sale by the end of the year.
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Verizon Q3 2013 Results: 1.1M Subscribers Added, $30.3B In Revenues

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Verizon Wireless has reported their quarterly results.  Verizon has added 1.1 million subscribers to their wireless services, which means that they now have 101.2 million total connections.  The postpaid number is at 95.2 million in that 101.2 million figure.  Verizon’s revenue over the past 3 years was $30.3 billion, which is 4.4% higher than the same period last year.
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Verizon Now Lets FiOS TV Customers Watch TV On Mobile Devices While Away From Home

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Verizon has released an enhanced version of the FiOS Mobile App, which allows Verizon FiOS TV customers to watch linear content and video on demand while away from home.  The FiOS Mobile App now offers access to popular TV shows and movies through select iOS and Android mobile devices and tablets along with the Kindle Fire.

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Verizon Communications Inc. (VZ) Has A $10 Billion Breakup Fee With Vodafone

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Verizon Communications Inc. (NYSE:VZ) will pay Vodafone $10 billion if the Vodafone deal falls through, according to filings found by the WSJ.  This is the largest break-up fee on record for a deal.  Verizon will need to raise around $50 billion to help fund this deal.
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