Strumors - VZhttp://strumors.com/symbol/vzhttp://strumors.com/1857Verizon has decided to partner with Microsoft as its default search engine for search services on its mobile devices. The news strikes a large blow against Google and Yahoo, after nearly a year of speculation on which company would become the key search provide for Verizon Wireless.Mon, 01 Dec 2008 07:02:00 -0500http://strumors.com/1857http://strumors.com/1854According to an Verizon Wireless Executive, the company is set to provide service to allow Kindle competitors to use Verizon's network to deliver download material including books and newspapers. Tony Lewis, who runs a program to certify third party vendors' products to work on Verizon's network, stated that he expects 2009 to be the year for competitor Kindle devices.Mon, 01 Dec 2008 06:02:00 -0500http://strumors.com/1854http://strumors.com/1684Verizon will be directly competing with Comcast with its new FiOS TV Service which allows fiber subscribers to watch TV over their fiber-optic lines. Verizon stated that it plans to provide TV service to one third of households within the next three years. Philadelphia will be one of the first cities to receive the new service.Thu, 01 Nov 2007 13:02:01 -0400http://strumors.com/1684http://strumors.com/1682Microsoft is looking to beat Google in becoming the default search engine on Internet enabled phones from Verizon Wireless. Under the agreement, Verizon would receive payments of $550 to $650 million over the next five years from Microsoft, nearly double Google's current offer. Although, currently the number of mobile searches is relatively small, the market is expected to drastically grow within the next five years.Thu, 01 Nov 2007 12:01:07 -0400http://strumors.com/1682http://strumors.com/1637The Justice Department signed off on the proposed merge between Verizon Wireless and Alltel. Officials at the Justice Department stated that they would back the $28.1 million merge on the condition that the combined company divests its radio spectrum assets across the 22 states that the two companies overlap. The merge still has to gain approval of the FCC, which is scheduled to vote on the deal at its Nov. 4th meeting. If the deal is approved, Verizon and Alltel will become the nation's largest wireless carrier.Thu, 01 Nov 2007 06:02:02 -0400http://strumors.com/1637http://strumors.com/1623Verizon Communications reported that its third quarter earning rose by 31 percent despite a cut back in consumer spending. Shares traded up $2.53 or 10.1 percent, as Verizon's 1.5 million new subscribers was higher than analysts had been expecting. The company continues to see declines in its traditional line land services.Thu, 01 Nov 2007 03:01:08 -0400http://strumors.com/1623http://strumors.com/1339Two major unions consisting of Over 65,000 workers have agreed to strike if a labor contract dispute has not been settled by Sunday at midnight. If a strike occurs, it will be the largest strike in America in over a decade.Sat, 08 Dec 2007 08:01:07 -0500http://strumors.com/1339http://strumors.com/1329Verizon Wireless employees have planned a picket before their shifts today as a measure against the company continuing to outsource their jobs. This comes at the same time Verizon is in heated negotiations with both its unions Communications Workers of America and International Brotherhood of Electrical Workers. The two unions represent a combined total of 65,000 workers, and if a strike is necessary it would be the largest strike here in the U.S. since more then a decade.Sat, 08 Dec 2007 05:01:08 -0500http://strumors.com/1329http://strumors.com/1323Verizon Communications has delayed a planned strike by union workers. The union is under negotiations with Verizon. The debate is over Verizon requiring its employees to contribute towards health-care premium costs and scaling back retirement insurance benefits. The union is also complaining that Verizon is reducing their bargaining power by outsourcing more of its jobs to non-union workers.Sat, 08 Dec 2007 03:01:00 -0500http://strumors.com/1323http://strumors.com/1251Verizon Wireless has settled a California case over early termination fees for $21 million. The FCC and consumers have been pressuring wireless carriers to ease their early termination fee policies. Fri, 07 Dec 2007 10:01:08 -0500http://strumors.com/1251http://strumors.com/1181Verizon Wireless is now offering 50 Mbps download and 20 Mbps upload nationwide as the broadband race for higher speeds begins to heat up. The new speed package will be priced at $139.95 a month. Thu, 06 Dec 2007 18:02:01 -0500http://strumors.com/1181http://strumors.com/1156Verizon reported on Tuesday that it may exceed its initial plans to of reaching 18 million homes by the end of 2010. This is in spite of slower economic conditions. CEO Denny Strigl stated that he now plans to reach 20 million homes by the end of 2010 and is anticipating surpassing 12 million homes by the end of this year.Thu, 06 Dec 2007 10:02:00 -0500http://strumors.com/1156http://strumors.com/1138Verizon Wireless has made a huge bet with Alltel in hopes to gain market share in the wireless market. Verizon has acquired finance to buy Alltel for near $6 billion, and it will assume $22.2 billion of outstanding Alltel debt. This will bring Verizon's total debt to $63 billion. High debt is common in the telecommunications sector with AT&T having $73.5 billion in total debt.Thu, 06 Dec 2007 05:02:00 -0500http://strumors.com/1138http://strumors.com/1133According to a report issued Wednesday, Verizon Wireless is in negotiations with Alltel Corp in a move that could challenge AT&T. According to source cited by the Wall Street Journal, the deal would be valued at $27 billion and require funding from multiple sources.Thu, 06 Dec 2007 04:02:01 -0500http://strumors.com/1133http://strumors.com/1069Verizon Wireless officially announced Wednesday that it has joined a consortium working on developing a Linux based mobile operating system. The move is Verizon's attempt to fight back against Google's Andriod. Just last month AT&T officially stated that they would be adopting Google's mobile platform. Verizon plans to release its first cell phones based on the Linux LiMo operating system being in 2009.Wed, 05 Dec 2007 15:02:01 -0500http://strumors.com/1069http://strumors.com/999Verizon, the second largest telecom in the U.S., reported that its first quarter earnings rose 9.8 percent. According to Verizon, it was able to out pace its competitors by signing up more new subscribers than rivals. Verizon posted first quarter earnings of 57 cents per share compared to 51 cents a share for the same period a year prior.Wed, 05 Dec 2007 04:02:00 -0500http://strumors.com/999http://strumors.com/997Analysts are predicting that Verizon will post strong first quarter profits on Monday. Direct competitor AT&T released solid first quarter results last week. Investors had been worried about the slowdowns effect on telecom carriers; however, with Verizon having even less exposure to the Midwest, an areas hit hardest by the slowdown, then AT&T analysts are expecting the company to post solid results.Wed, 05 Dec 2007 03:00:09 -0500http://strumors.com/997http://strumors.com/927Verizon has issued a lawsuit against Time Warner Cable Inc. stating that its television advertising made false accusations. Verizon reported that the advertisements implied that Verizon's FiOS video service required a satellite dish. Tue, 04 Dec 2007 10:02:00 -0500http://strumors.com/927http://strumors.com/803The cell phone industry appears to be gradually moving towards completely flat rate plans. Verizon Wireless' CFO told investors that unlimited calling upgrades are "game-changing voice and data plans." He stated that the new pricing structure is gaining additional subscribers away from other carriers as well as leading to upgrades from existing subscribers. Verizon is very positive on its 2008 earnings outlook; however, investors are concerned that the new offerings will spark a price war between carriers.Mon, 03 Dec 2007 10:01:08 -0500http://strumors.com/803http://strumors.com/727Verizon Wireless added new unlimited packages to its line-up. Verizon's new offerings start with unlimited voice for $100. Analysts are concerned that the new unlimited packages will spark a price war between carriers cutting into profit margins. T-Mobile already announced that it was also going to be offering unlimited calling plans. Sun, 02 Dec 2007 19:02:00 -0500http://strumors.com/727http://strumors.com/421In a surprise move, Verizon Wireless will be the first major cell phone provider in the U.S. to open its network to allow customers to use phones and networking equipment not sold by the company itself. Verizon plans to have its network entirely open by the end of 2008 allowing compatible devices encluding other wireless gadgets besides cell phones onto its network as long as they meet technical standards. Thu, 02 Nov 2006 03:01:09 -0500http://strumors.com/421http://strumors.com/270Verizon is about to start selling LG's Voyager to compete with Apple's iPhone. The Voyager has 2 gigabytes of flash memory, a 2 megapixel camear, and a full touch screen panel much like the iPhone. The phone may not be quite as stylish as the iPhone; however, it has one major selling point price. Verizon is planning to sell the phone at around $250 half the cost of an iPhone.Tue, 31 Oct 2006 08:02:02 -0500http://strumors.com/270