verizon communications

Verizon Communications to carry GlobeCast service on FiOS TV.

Verizon Communications Inc. and two unions representing 65,000 workers who had threatened to strike within hours agreed Sunday on a new three-year contract that provides 10.5 percent wage increases and changes in retirement benefits.

The pact, which must be ratified by union members, was hailed as a 'breakthrough agreement in many ways' by Communications Workers of America President Larry Cohen.

The deal 'provides a framework for growth at Verizon and a good standard of living with careers for our members,' Cohen said.

Verizon Communications Inc. and two unions representing 65,000 workers are still talking contracts, one day ahead of a deadline for a possible strike.

Verizon Communications executive VP, former congressman Tom Tauke gives his take on FCC decision that Comcast violated its network-management guidelines.

Verizon Communications executive VP, former congressman Tom Tauke takes broadcasters’ side for now on unlicensed wireless devices.

FCC chairman Kevin Martin was not happy with the announcement Saturday that a bipartisan majority of the commission overturned his staff's decision rejecting a cable challenge to Verizon Communications’ marketing practices.

Verizon Communications Inc.'s first-quarter earnings rose 9.8 percent as its wireless division attracted more customers than other carriers.

The country's second-largest telecommunications company earned $1.64 billion, or 57 cents per share, in the quarter that ended March 31, compared with $1.50 billion, or 51 cents per share, a year ago.

Revenue rose 5.5 percent to $23.8 billion from $22.6 billion.

Verizon Communications was awarded a cable franchise by the Board of Selectmen in Hingham, Mass., where its FiOS TV service will compete against Comcast.

Multichannel-TV providers were mum on their competitive consumer pricing plans Wednesday, days after New York City solicited proposals for nonexclusive cable-TV franchises that quickly brought forward Verizon Communications.

Making a formal application April 15, Verizon intends to offer video services via its FiOS TV service to New York, signaling that it will be an overbuilder trying to nab customers from two cable-TV incumbents.

Cablevision Systems shares were up $1 each, or 3.72%, Thursday after the cable operator reported strong fourth-quarter results, including a 10.8% increase in net revenues and, more important, a slight increase in basic-video subscribers despite intense competitive pressure from telco Verizon Communications and its FiOS TV service.