Tag: verizon

Application for Internet Service Assistance Now Open in Orange and San Diego Counties

A program connecting low-income families and households nationwide to affordable internet services is now accepting applications in Orange and San Diego counties. Called the Affordability Connectivity program, benefits include up to a $30 a month discount for internet services and a one-time discount of up to $100 for the purchase of a laptop, desktop computer,…


Verizon Wins FAA Technology Deal Worth up to $2.4 Billion

WASHINGTON—The Federal Aviation Administration has awarded Verizon Communications a contract potentially worth $2.4 billion to upgrade the agency’s technology systems. The FAA said Verizon will build a network that includes secure communications and administrative services. If the FAA exercises all options in the deal, the contract would run for 15 years and reach the full…


Black Conservative Group Asks Verizon to Reinstate OAN

Black conservative group Project 21 is urging Verizon to reinstate One America News (OAN), saying deplatforming the network “silencing black voices.” The United States’ largest pay-TV provider stopped carrying One America News (OAN), a conservative-leaning news channel owned by tech entrepreneur Robert Herring, on its channel lineup starting July 31. “Verizon has done a tremendous…


Verizon Sinks as Inflation, Higher Pricing Hit Subscriber Growth

Verizon Communications Inc. on Friday cut its annual profit forecast after adding fewer monthly phone subscribers than expected in the second quarter, in a sign that red-hot inflation has begun impacting its business. Chief Executive Hans Vestberg said customer additions took a significant hit from inflation at a time when the carrier is grappling with…


OAN Fails to Reach Agreement With Verizon, Will Be Removed From Carrier’s TV Lineup

One America News (OAN) Network will be removed from Verizon’s channel lineup at the end of this month, according to media reports and statements from the telecommunications giant. San Diego-based One America News is owned by tech entrepreneur Robert Herring and is one of three television networks favored by former President Donald Trump. However, the network…


Verizon Bumps Up Wireless Prices Citing Inflation Woes After AT&T

For the first time in two years, Verizon Communications Inc will raise prices on its wireless bills, helping it shift the burden of higher costs, Bloomberg reports. Industry watchdogs had warned that post-T-Mobile US, Inc’sacquisition of Sprint Corp, there would be fewer wireless competitors, making it easier to raise prices. Implementing higher charges under cover of surging inflation represents a ripe…


Verizon Shares Drop After Q1 Earnings, Weaker Than Expected Outlook

Verizon Communications Inc. reported a first-quarter FY22 sales growth of 2.1 percent year-on-year, to $33.6 billion, beating the consensus of $33.5 billion. Adjusted EPS of $1.35 was in-line with the consensus. Total wireless service revenue was $18.3 billion, up 9.5 percent Y/Y, reflecting the first full quarter of TracFone ownership. Service and other revenue were down 2.5…


Verizon Raises Minimum Wage to $20 an Hour for US Employees

U.S. wireless carrier Verizon Communications Inc. said on Monday it would raise the minimum wage of its new and existing customer service, retail, and inside sales employees to $20 an hour amid a tight labor market and rising inflation. In recent months, U.S. retailer Walmart, drugstore chain Walgreen Boots Alliance Inc., and restaurant operator Chipotle…


Here’s Why Verizon, BlackRock Collaborated

Verizon Communications Inc. looks to build a private 5G network for BlackRock Inc. at its new Hudson Yards headquarters, juicing up rivalry with AT&T Inc. and T-Mobile US Inc.. Verizon said that the new 5G wireless technology could replace Wi-Fi and give BlackRock the ability to use applications like virtual reality and edge computing that require nearly instantaneous network response…


The FAA Clears the 5G Runway but These Telcos Stay Grounded

Commentary 5G is finally cleared for take off. “Federal safety regulators say they have cleared the way for Verizon and AT&T to power up more towers for new 5G service without causing radio interference with airplanes.” After being stuck in a holding pattern because of concerns about the radio spectrum that 5G uses was deemed…