Tag Archives: big red

Verizon 4G LTE service arrives in 46 new cities, expands coverage in 22 others

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DNP Verizon enters into 46 new cities, and expand coverage in 22 others

Unlike many of our friends in Europe, loads more Verizon Wireless customers are about to get turbocharged in time for their new Galaxy S III smartphones to arrive. Big Red is deploying its latest 4G LTE network tech in 46 new cities and expanding coverage in 22 others -- and it's all going down tomorrow. That'll bring VZW's total up to 304 cities across the land of the free two full weeks ahead of the July 4th holiday, giving many people one more reason to celebrate a Hump Day without work. And really, couldn't the world use more reasons to celebrate? Full PR after the break.

Continue reading Verizon 4G LTE service arrives in 46 new cities, expands coverage in 22 others

Verizon 4G LTE service arrives in 46 new cities, expands coverage in 22 others originally appeared on Engadget on Wed, 20 Jun 2012 23:56:00 EDT. Please see our terms for use of feeds.

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Verizon to buy Hughes Telematics for $612 million in cash

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http://www.engadget.com/2012/06/01/verizon-buys-hughes-telematics/After a recent round of good, and potentially not so good news for residential customers, Verizon plans to show a little love to its enterprise clients. Big Red is about to spend $612 million of its spare pocket change to buy Hughes Telematics, a company that primarily works within the realm of automotive communications. The board-approved purchase should be wrapped up by Q3 of this year and Hughes' management team will remain intact. The premium offer by Verizon works out to $12 per share for a stock that was trading at just $4.35 as of yesterday's closing bell. Facebook investors: eat your hearts out.

Verizon to buy Hughes Telematics for $612 million in cash originally appeared on Engadget on Fri, 01 Jun 2012 16:01:00 EDT. Please see our terms for use of feeds.

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Verizon’s vitals: quarterly revenue up five percent to $28 billion, earnings of $1.7 billion

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Verizon quarterly financials for Q1 2012

Verizon is remembering how to turn to subscribers into cash, reporting consolidated revenues up 4.6 percent year-over-year to $28 billion and earnings of $1.7 billion -- boosting earnings-per-share by 15 percent. By comparison, revenues were $27 billion in Q1 2011, and a mere $18 billion last quarter, which resulted in a $2 billion net loss. Big Red's performance is now as strong as ever, with subscriber numbers up five percent to 93 million, and with 47 percent of those customers using insanely profitable devices called smartphones. On the TV and broadband side side, its FiOS unit now tops five million internet customers, and added a net total of 180,000 video subscribers. And that new $30 upgrade fee hasn't even kicked in yet.

Continue reading Verizon's vitals: quarterly revenue up five percent to $28 billion, earnings of $1.7 billion

Verizon's vitals: quarterly revenue up five percent to $28 billion, earnings of $1.7 billion originally appeared on Engadget on Thu, 19 Apr 2012 07:33:00 EDT. Please see our terms for use of feeds.

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