Tag: Verizon

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  • Marissa Mayer and Yahoo Bidding

    Yahoo’s core business bidders are going to low ball the company

    Verizon Communications and other bidders for Yahoo’s core business are expected to offer between $2 billion and $3 billion. The former internet giant was originally hoping to receive been $4 billion and $8 billion. Verizon is considered the front-runner in the bidding process, which also includes private-equity buyers. In April, people close to the process […]

  • Verizon Strike and the Obama administration

    Obama administration steps in to help end Verizon strike

    The Obama administration has stepped in to help negotiation terms in the Verizon strike that has lasted for more than a month. US Labor Secretary Thomas Perez said the leaders of the unions that walked off the job on April 13 have agreed “to return to the bargaining table on Tuesday” with Verizon executives “to […]

  • Verizon and Yahoo

    T-Mobile CEO says Verizon will make a ‘stupid acquisition’ soon

    T-Mobile CEO John Legere believes Verizon will make a monumentally “stupid acquisition” within the next six months. While Legere was not specific in his interview on CNBC on Tuesday, he very well could be referring to the company’s interest in acquiring Yahoo’s core business. He told CNBC: “Verizon’s about to take over as dumber from AT&T. […]

  • Yahoos only serious bidder may be Verizon

    Verizon may be Yahoo’s only serious bidder

    Monday is the deadline for interested parties to submit their bids to take over Yahoo’s core business and it appears that Verizon may be the only seriously interested party. Verizon CEO Lowell McAdam has said on numerous occasions that the company would be interested in acquiring Yahoo. Verizon snatched up AOL and Millennial Media and has […]

  • Verizon workers striking

    Verizon strike is causing more delays than predicted

    40,000 Verizon workers went on strike Wednesday and their walk-off from the job is causing delays for some Internet and TV customers. Network technicians and customer service representatives walked off the job on Wednesday after contract negotiations stalled. Verizon officials say its network is running well but that repairs and service calls are focused on […]

  • Verizon workers strike

    36,000 Verizon workers strike as contract negotiations stall

    36,000 Verizon workers have chosen to strike on Wednesday. The strike was called after their unions and the company’s officials failed to reach an agreement over pension and healthcare cutes. This marks the largest strike in the United States since the same Verizon workers walked off the job in 2011, according to the US Bureau of […]

  • Verizon Wireline Strike

    Verizon Wireline Workers’ Strike will start on Wednesday

    Verizon Communications’ wireline employees will go on strike starting Wednesday. The strike is being triggered because the workers and their unions were unable to reach an agreement on a new labor contract. The Communications Workers of America (CWA) and International Brotherhood of Electrical Workers unions jointly represent nearly 40,000 employees of the wireline business, which […]

  • Yahoo sale to Verizon

    Verizon to bid on Yahoo sale and Google might join the battle

    Verizon is expected to put up a bid for struggling internet services firm. Yahoo. A report from Bloomberg also suggests that Google is considering an offer of its own. Snoops say Verizon is considering making a bid for Yahoo’s core internet business and its stake in Yahoo Japan. Verizon believes the core business is worth less than $8 billion. […]

  • Verizon Hack

    Verizon’s big business customers affected by hack

    Hackers have breached Verizon systems and stole data pertaining to the company’s business customers. The telecom giant said on Thursday that its Verizon Enterprise Solutions unit, which provides IT services to big companies, recently discovered and fixed a security vulnerability in a client portal. The company is already notifying customers about the breach. No data about consumer […]

  • Netflix and Verizon and ATT throttled speeds and video quality

    Netflix lowers video quality on Verizon and AT&T

    Netflix is admitting that it has been downgrading video quality on wireless networks like AT&T and Verizon. The world’s largest streaming video service has been throttling video quality for over fire years, according to The Wall Street Journal. Netflix told The Journal that this practice, which lowers the quality of video streams to just 600 kilobits-per-second, is meant […]

  • Verizon Wireless

    Verizon adds 1.5 million new monthly users as revenue beats estimates

    Verizon Communications on Thursday reported higher-than-expected revenue for the fourth quarter. Shares of the No. 1 U.S. wireless service provider, whose profit beat analysts’ estimates, rose 0.5% to $44.65 in premarket trading. Verizon added a net 1.5 million wireless retail postpaid, or monthly, subscriptions in the quarter. The company added 2 million a year earlier but […]