Items tagged with (NYSE:VZ)

Marissa Mayer’s tenure as Yahoo CEO is quickly winding down. The troubled internet portal has been in the news for all the wrong reasons following Verizon’s announcement last year that it would purchase the company for $4.83 billion. However, we are learning today that once Mayer steps down following the close of the deal with Verizon, she will be floating back to earth with a pretty snazzy golden parachute. Regulatory documents, which were filed today, shows that Mayer will receive a total of $23 million in compensation when she leaves the company. That figure includes roughly $3 million in cash,... Read more...
The last time we visited Verizon Wireless’ efforts to bring 5G connectivity to Americans, the company had completed its 5G radio specification. This crucial step allowed the company to form guidelines for hardware that will be validated for use on its future 5G network. Verizon began its own internal 5G wireless trials in New Jersey, Massachusetts and Texas last year, and today announced that those trials will extend to customers starting in mid-2017. The U.S. metropolitan areas that will be the first to gain access to the 5G pilot program include Ann Arbor, Atlanta, Bernardsville (NJ), Brockton... Read more...
Verizon has made it official -- the company today revealed that it has mutually agreed to lower its purchase price of Yahoo by $350 million, bringing the total value of the deal down to $4.48 billion in cash. This follows a report from last week, which indicated that Verizon was seeking a $250 million to $350 million discount for the internet portal. “The amended terms of the agreement provide a fair and favorable outcome for shareholders,” stated Marni Walden, Verizon’s Executive Vice President and President of Product Innovation and New Businesses. For her part, current Yahoo CEO Marisa Mayer... Read more...
With three of the four major U.S. wireless carriers duking out amongst each other with regards to unlimited data plans during the past week, AT&T was left to watch from the sidelines. The second place wireless carrier currently offers unlimited data, but only to customers that sign up for its DirecTV packages, which instantly adds at least $50 to your monthly outlay. Well, AT&T today announced that it is dropping the DirecTV prerequisite and will extend unlimited data availability to all customers starting tomorrow, February 17th. While it’s nice to see that AT&T is finally getting... Read more...
There is a new wireless war taking place, and three of the four major U.S. carriers are actively engaged in fighting. It all started when Verizon Wireless announced that it was bringing back a new and reinvigorated unlimited data plan with included HD video streaming and 10GB of mobile hotspot data. T-Mobile countered by matching Verizon’s plan specifics and offering a lower monthly out-of-pocket cost. Now it’s Sprint’s turn to bring up arms against the competition. The company has announced that it will offer customers unlimited talk, text and data for $50 per month if you sign up for Sprint AutoPay.... Read more...
Yesterday, Verizon announced its return to unlimited 4G LTE data plans with Verizon Unlimited. At a cost of $80 per month, Verizon Unlimited provides unlimited data, text and talk (even to Mexico and Canada) along with 10GB of Mobile Hotspot. However, T-Mobile CEO John Legere just can’t sit back and let Verizon hog all the spotlight when it comes to wireless plans. This is especially true considering that America’s No. 1 wireless carrier subtly knocked T-Mobile ONE’s inclusions of “only” 480p video streaming. To counter the Verizon Unlimited threat, T-Mobile ONE has been upgraded from 480p to HD... Read more...
A full-blown Skynet situation might be the thing of science fiction (we hope, anyway), but that doesn't mean bizarre things involving machines can't happen. As proof of this, Verizon teased an entry in its upcoming 2017 Data Breach Digest that describes a recent DDoS attack on an unnamed university involving vending machines, light bulbs, and 5,000 Internet of Things (IoT) devices. As with many DDoS attacks involving IoT devices, this one is the result of system administrators being a little too lax with security on these seemingly benign devices. The university in question dismissed complaints... Read more...
  “Just when I thought I was out, they pull me back in!” Verizon has been working behind the scenes on a new unlimited data plan for its customers, and it just unwrapped the goodies this afternoon. Called Verizon Unlimited, customers are given “unlimited” 4G LTE data, talk and text for $80 per month (when you use AutoPay). But that’s not all, Verizon Unlimited also comes with 10GB of Mobile Hotspot per month, along with unlimited calling and texting to Mexico and Canada. Building on that North American coverage, Verizon Unlimited also gives you 500MB/day of 4G LTE data in Mexico and Canada... Read more...
There are certain uncomfortable moments that trigger an awkward feeling in your belly. One of them is walking in on your parents when they're doing the horizontal mambo. While perhaps not quite on that level, it feels a little weird watching two wireless carriers go back and forth on Twitter in a feud over the erotic foreplay known as BDSM. At this point, we wish T-Mobile and Verizon would get a room already. It all started with a T-Mobile ad during the Super Bowl. The commercial is a spoof of 50 Shades of Grey featuring actress and comedian Kristen Schaal (from The Last Man On Earth and Bob's... Read more...
Nearly a year ago, federal regulators approved Charter’s bid to purchase rival telecom company Time Warner Cable. The $55 billion dollar deal rocketed Charter from the fourth-place position in the U.S. cable market to second place behind Comcast. Now, it looks like an even bigger fish is swimming around looking to gobble up the newly engorged Charter: Verizon. According to sources close to the matter, Verizon CEO Lowell McAdam has reached out to Charter executives to discuss a possible acquisition. The Wall Street Journal cautions that these are just preliminary talks and that there is no guarantee... Read more...
By this point, you would think that anyone with more than a few marbles rolling around in their head would have turned in their Samsung Galaxy Note 7 by now. Samsung has gone above and beyond to give affected customers credits, gift cards, and even replacements in the form of Galaxy S7 or Galaxy S7 Edge smartphones. Samsung’s efforts (along with help from carriers) has for the most part succeeded. The company announced last week that it has recovered over 96 percent of the Galaxy Note 7 smartphones that are out in the wild. “Together with our wireless carriers, we have taken aggressive action to... Read more...
By now you might have heard that Yahoo is changing its name to Altaba following its sale to Verizon Communications, and that Yahoo CEO Marissa Mayer is stepping down from the company's board of directors. News of Yahoo's fate spread like wildfire last night after Yahoo posted a filing with the United States Securities and Exchange Commission (SEC) detailing the changes, though there are a few things that need clarifying. One of them is that Yahoo probably is not going to disappear.Let's back up a moment. Verizon agreed to purchase Yahoo's search engine and web properties for $4.83 billion back... Read more...
When is an unlimited data plan not an unlimited data plan? Well, according to Verizon, it’s when you use an “extraordinary” amount of data during your monthly billing cycle. Verizon has begun notifying customers that are currently using on average 200GB or more of data per month that they will have to abandon their unlimited data plans. Quite frankly, 200GB seems like an obscene amount of data to use over a wireless connection for a single month, but these customers are simply using the service as it was advertised. The new policy went into effect on January 5th, and these “data hog” customers... Read more...
Motorola righted many of the wrong of the first-generation Moto 360 with the second-generation model, which was launched in late 2015. However, some still weren’t happy with the $349 staring price tag for the non-Sport model. Then there was still the fact that the “flat tire” display remained even after the first-generation model was heavily criticized for the design choice (read the HotHardware review here). Well, if the price was the only thing holding you back from purchasing a Moto 360, Verizon hopes to erase that doubt. The nation’s largest wireless carrier is discounting the smartwatch from... Read more...
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