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Verizon Communications (VZ)

  • Mar. 14, 2013, 5:19 PM
    Redbox Instant (CSTR, VZ) has finally launched. The service, initially slated to go live in Q4 '12, offers access to 4.6K titles and 4 Redbox DVD rentals for $8/month. Another 4K movies are available for renting/purchasing. Original programming might be offered at some point, but CEO Shawn Strickland considers speculation on this front "really premature." For the time being, Instant's content library is much smaller than Netflix's (NFLX), and so is the breadth of its hardware ecosystem  - will the Redbox DVDs be enough to get Netflix subs to defect?
  • Mar. 13, 2013, 3:52 PM
    BlackBerry (BBRY +8.3%) has received an order for 1M BB10 phones from one of its "established partners" (exactly whom remains a mystery). The announcement has sent shares flying higher over the final hour of trading. Also: Verizon (VZ) says it will begin selling the Z10 on March 28, and will start taking pre-orders tomorrow. As was rumored, the carrier will have exclusive access to a white version of the device.
  • Mar. 11, 2013, 7:59 AM
    Redbox (CSTR) and Verizon (VZ) could be looking to break into original programming. At a recent tech symposium, a Creative Artists Agency lawyer tipped off that the companies have been inquiring about programming opportunities. If the report pans out, it makes for beefier streaming competition for Netflix (NFLX) and Amazon (AMZN).
  • Mar. 11, 2013, 7:52 AM
    Verizon Communications (VZ) declares $0.515/share quarterly dividend, in line with previous. Forward yield 4.30%. For shareholders of record Apr. 10. Payable May 01. Ex-div date Apr. 08. (PR)
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  • Mar. 8, 2013, 10:58 AM
    Looking to protect the duopoly/near-duopoly positions they have in many U.S. broadband markets, U.S. telcos and cable companies are lobbying hard to put an end to publicly-funded broadband networks, arguing (without irony) such networks hurt competition. AT&T (T), Time Warner Cable (TWC), Windstream (WIN), and Comcast (CMCSA) are some of the incumbents to have mounted lobbying efforts, which have led at least 19 states to place restrictions on public broadband investments.
  • Mar. 6, 2013, 11:57 AM
    With the White House having given its support to legalizing the unlocking of cell phones, Sen. Ron Wyden has introduced a bill that would do just that. Passage of the bill could lead to a bump in churn for U.S. carriers, as consumers are no longer required to buy a new phone (and, should they want a subsidy, agree to a contract) to switch carriers. However, some phones only work on a particular carrier's network due to band compatibility issues, and carriers could start requesting more such devices in an effort to keep customers from leaving.
  • Mar. 6, 2013, 10:30 AM
    Verizon (VZ -0.7%) and Vodafone (VOD +1.1%) aren't currently talking about a Verizon Wireless deal, sources tell David Faber. That's not stopping Vodafone from adding to yesterday's gains. Nomura sees an equity-financed deal to buy Vodafone's stake at a $111B valuation lifting Verizon's 2013 EPS and FCF by 19% and 15%, respectively. However, the firm notes Vodafone would have to pay taxes when selling Verizon shares. David Einhorn has been bullish on Vodafone on account of its Verizon Wireless stake.
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  • Mar. 5, 2013, 6:51 PM
    In a negative for Qualcomm (QCOM), Verizon (VZ) CFO Fran Shammo says his company is looking to sell 4G-only phones by late 2014. The 3.25% royalty rate Qualcomm receives for 4G-only devices is lower than the 4%-5% rates it often gets for 3G-capable devices. Shammo also notes the free (with contract) iPhone 4 (AAPL) accounted for many of its Q4 activations, and hopes competition will lower subsidies - the latest iPhones often get a ~$450 subsidy. Competition between Android OEMs could give Verizon more leverage with Samsung than Apple. (Verizon/Vodafone)
  • Mar. 5, 2013, 12:41 PM
    Verizon (VZ +0.9%) is bent on taking full control of Verizon Wireless this year, and has even discussed merging with Vodafone (VOD +3.9%) to achieve this goal, Bloomberg reports. Merger talks are said to have stalled over "disagreements on leadership and headquarters location," thus making a buyout or partial sale of Vodafone's 45% stake (estimated to be worth $115B) more likely. One source claims Vodafone is open to using the proceeds to make European acquisitions. (previous)
  • Mar. 5, 2013, 3:27 AM
    White House adviser David Edelman said the Obama Administration supports changing the law so that consumers can unlock their cell phones and tablet computers so they can work on another operator's network. Mobile users had been allowed to unlock their devices without their carrier's permission until a recent change in the regulation by the Library of Congress' Copyright Office.
  • Feb. 22, 2013, 2:51 AM
    Vodafone (VOD) CEO Vittorio Colao continues to act the tease over the carrier's intentions with regards to its 45% stake in Verizon Wireless, telling the WSJ that he doesn't know if the U.S. operator's ownership structure will be the same in a year's time. Verizon Communications (VZ), which owns 55% of Verizon Wireless, would "love" to take control, but the latter provides over half of Vodafone's adjusted operating profit.
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  • Feb. 7, 2013, 12:39 PM
    Verizon (VZ) is adding Walgreen CEO Greg Wasson to its board, effective March 1. Wasson's appointment increases the size of Verizon's board to 13. The news comes just three days after AT&T announced it's adding a new board member with healthcare industry ties. (PR)
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  • Feb. 6, 2013, 12:51 PM
    The average mobile user gobbled up 201MB of data/month in 2012, more than twice the 92MB/month consumed in 2011, according to this year's update to Cisco's (CSCO) Visual Networking Index. Cisco predicts mobile data traffic will post a 66% CAGR from 2012-2017, with 47% of 2017 traffic coming from Asia-Pac, 46% being offloaded onto Wi-Fi gear and femtocells, and 66% stemming from mobile video (YouTube dominates). Key mobile infrastructure players: ERIC, ALU, FFIV, ALLT, PKT, RKUS, DRWI, CRNT  (last year: I, II)
  • Feb. 5, 2013, 2:51 PM
    Coinstar (CSTR +2.3%) and Verizon's (VZ +0.2%) Redbox Instant streaming JV has struck a deal with Microsoft (MSFT +0.5%) to make the Xbox 360 the JV's exclusive console platform. Redbox Instant, whose launch has been delayed from Q4 '12 to the end of Q1, will presumably get some free marketing as part of the deal. Netflix (NFLX -0.7%) is available on all three major home console platforms.
  • Feb. 4, 2013, 12:54 PM
    AT&T (T), Verizon (VZ), and other U.S. telcos are on edge over an FCC proposal to free up spectrum for public Wi-Fi networks that could significantly lower mobile data usage. Intel and Qualcomm want the spectrum to be licensed, and Cisco is raising interference concerns - all 3 have an interest in keeping carriers happy. However, Google and Microsoft support the proposal. With carrier data ARPUs surging and voice ARPUs declining, the stakes are high. If the project goes ahead, it could benefit telecom Wi-Fi hardware providers RKUS, ERIC, and ARUN.
  • Feb. 4, 2013, 7:42 AM
    Added to the reasons why Fed policies are counterproductive is companies spending billions to buck up their pension schemes thanks to barely visible interest rates. It's simple math - as rates fall, liabilities rise, and companies must add funds. Ford will spend $5B shoring up its pensions this year, about as much as spent building plants last year.
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Company Description
Verizon Communications Incis a provider of communications, information and entertainment products and services to consumers, businesses and governmental agencies. Its two segments are Wireless and Wireline.