Verizon Slices Workforce, Downgrades Value of Oath Business Unit
by Gina NarcisiVerizon revealed it is cutting its staff by 10,400 employees, and is taking a $4.6 billion hit on its struggling Oath business division.
Verizon Restructures Operations To Emphasize Networking, 5G Efforts
by Gina NarcisiVerizon is reorganizing operations into three customer-facing groups. The reshuffle, in part, will help Verizon invite "strategic partners to play a larger role in our ecosystem," according to CEO Hans Vestberg.
Verizon 5G Push Includes Partnerships With Apple, Google
by Gina NarcisiRather that compete via acquisition, Verizon is partnering with Apple and Google for video content as the carrier gears up to launch a 5G wireless service in five cities later this year.
Wireless Network Quality Report: How The Five Largest Carriers Are Stepping Up Performance
by Gina NarcisiVerizon is still in the lead when it comes to nationwide network performance, but each of the five major carriers are all stepping up their performance games based on customer feedback, according to the latest J.D. Power and Associates Wireless Network Quality Performance Study.
Verizon Closes Hard-Fought Straight Path Communications Purchase
by Gina NarcisiFollowing a monthlong bidding war with AT&T last year, Verizon completed its purchase of wireless spectrum holder Straight Path Communications in an all-stock deal worth $3.1 billion.
Report: Verizon Pulls Out Of Plans To Sell Huawei Devices Amid Mounting Government Pressure
by Gina NarcisiRenewed fears around Chinese espionage efforts have thwarted an anticipated partnership between Huawei and Verizon, which has reportedly succumbed to political pressure from the U.S. government and won't be going ahead with plans to sell Huawei phones.
Verizon CEO: Next-Gen Technologies, Oath Media Business Set Up Carrier To Compete
by Gina Narcisi'Our focus is to use the assets that we have today to be competitive in ways the others can't compete. We see much more opportunity to be innovative versus using tax reform to bring our prices down,' Lowell McAdam said on the company's earnings call Tuesday.
Huawei Loses U.S. Carrier Support, But Partners Can Still Resell The Latest Huawei Smartphone
by Gina NarcisiPolitical pressure may have ultimately caused the erosion of reported deals between Huawei and two of the country's wireless leaders, but partners looking to add another competitive option to iPhone and Android devices can still access Huawei products via retail channels.