By Curt Woodward and Jon Chesto
Verizon is finally ready to offer its high-speed fiber optic service to Boston — a victory for city officials who have long sought meaningful competition for high-speed Internet and TV service in a city dominated by Comcast Corp. Mayor Martin J. Walsh announced the Verizon move Tuesday, a $300 million investment that will roll out in select neighborhoods beginning this summer but will take six years to cover the whole city. Boston has also agreed to speed up permitting for the infrastructure upgrade and to begin the process of licensing Verizon as a cable TV provider. Continue reading
Verizon’s first quarter results demonstrate that fiber-based broadband is a winner even for large telecommunications companies. It supplants their loss of POTS customers with higher revenue generating services.
FiOS installed in Montclair, New Jersey (Photo credit: Wikipedia)
By Grant Gross, IDG News Service | IT Management
April 24, 2014, 9:01 AM — Driven by growth in mobile and Fios broadband customers, Verizon Communications on Thursday reported first quarter 2014 revenue of $30.8 billion, up from $29.4 billion a year earlier.
Verizon reported net income of nearly $6 billion for the quarter, up from $4.9 billion a year earlier. Net income attributable to Verizon, not including income for its former mobile partner Vodafone, was $3.9 billion compared to $1.9 billion in the same period last year. Verizon purchased Vodafone’s 45% stake in Verizon Wireless in a deal that closed during this past quarter.