Verizon Communications Inc. (NYSE:VZ) and Vodafone Group plc (LON:VOD) are reportedly going to receive a dividend of $7 billion in June from their subsidiary Verizon Wireless. Verizon Wireless, the largest U.S. mobile service provider, is owned 55% by Verizon Communications and 45% by Vodafone.
The Windows Phone-powered Nokia Lumia 928 has been confirmed as it was outed in an ad placed in the recent issue of Vanity Fair. Although details about the phone are vague, we know that the Lumia 928 is coming to Verizon. Nokia is promoting the Nokia PureView camera technology, the Carl Zeiss optics, and the device’s ability to capture images in “low light” within the ad. There are rumors floating around that the Lumia 928 will have a full-metal body, a 4.5-inch touchscreen, and an 8-megapixel camera.
Verizon Wireless is a joint venture of American telecommunications company Verizon Communications and U.K. based Vodafone. Verizon Communications owns around 55% and Vodafone owns 45% of Verizon Wireless. There are reports floating around that Verizon recently made a $100 billion offer for the rest of the ownership in Verizon Wireless.
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Verizon Wireless has announced their financial results for Q1 2013. Verizon, the largest wireless carrier in the United States, announced that they added 677,000 new postpaid subscribers between January 1st and March 31st, which is up 35% year-over-year. The company now has 98.9 million retail customers total (prepaid and postpaid). The company revealed total revenues at $24.9 billion for the quarter, which is a 4.2% increase year-over-year.
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Verizon Wireless is currently in talks to increase their wireless network by leasing spectrum from Clearwire, according to The Wall Street Journal. Verizon reportedly is willing to spend around $1.5 billion to lease the spectrum from Clearwire. A large percentage of Clearwire is owned by Sprint, Comcast, Time Warner, Brighthouse, Google, and Intel.
Urban Airship is a mobile marketing solutions company that helps you improve customer engagement using push notifications and location-based marketing. The service also offers mobile analytics. Urban Airship recently expanded their services to help developers build an Apple Passbook app. The company has raised $25 million in additional funding according to AllThingsD.
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Verizon Wireless has started selling the Square credit card reader at it’s stores for a price of $9.97 with a $10 rebate added to your account. The Square credit card reader lets users swipe any credit card and charge it a specific amount using an application for smartphones and tablets.
AT&T has bought a batch of 700 MHz B band spectrum from Verizon Wireless for $1.9 billion in cash. The 700 MHz licenses will cover over 42 million people across 18 states including California, Colorado, Florida, Idaho, Illinois, Louisiana, Montana, New Mexico, New York, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Utah, Virginia, Washington and Wyoming. AT&T will receive Advanced Wireless Services (AWS) spectrum licenses in 5 of those markets. The spectrum purchase will “complement [its] existing holdings in the 700 MHz B band and will allow AT&T to continue to deploy 4G LTE services to meet demand for mobile Internet services on a wide array of smartphones, tablets and other devices.”
