Seeking Alpha
 

Verizon Communications (VZ)

- NYSE
  • Dec. 7, 2011, 1:43 PM
    As Verizon (VZ) gears up to resell Comcast (CMCSA) and Time Warner's (TWC) video services, CEO Lowell McAdam says the carrier is nearing the end of its FiOS buildout, which will cover 18M homes when finished. However, McAdam adds Verizon is shooting for a penetration rate of 50% in FiOS-covered locales; if Verizon hit that target, it would doubtlessly spell more pain for cable providers. (earlier)
    | Comment!
  • Dec. 7, 2011, 11:16 AM
    Cablevision (CVC -1.2%) has filed a lawsuit in Federal Court accusing Verizon (VZ -1%) of embarking on an advertising campaign which makes intentionally false and misleading claims related to Cablevision's high-speed Internet service. Despite being fully aware of the false claims, Verizon has refused to stop running its ads, and the company says it's been forced to take legal action to halt them.
    | 1 Comment
  • Dec. 7, 2011, 10:49 AM
    Verizon's (VZ) alliance (I, II) with Comcast (CMCSA) and Time Warner (TWC) could spell trouble for DSL providers such as AT&T (T), CenturyLink (CTL), and Frontier (FTR), argues Karl Bode. As it is, DSL is often at a competitive disadvantage to rival wireline broadband technologies, and now DSL providers may also have 4G LTE services to contend with.
    | 3 Comments
  • Dec. 6, 2011, 4:32 PM
    "The competitor we fear most is HBO Go," claims Netflix's (NFLX -2.8%) Reed Hastings. While dismissing competition from Amazon (AMZN), Hulu, and Verizon (VZ), Hastings is impressed with HBO's online video platform, and sees it becoming the core of its offerings. Separately, Time Warner (TWX) CEO Jeff Bewkes says HBO Go users view 30%-50% more content than non-users. (earlier)
    | Comment!
  • Dec. 6, 2011, 3:29 PM
    Verizon (VZ +1.2%) plans to launch a stand-alone service allowing customers to stream movies and television shows over the Internet, in a new challenge to Netflix (NFLX -1.9%) and traditional cable TV, Reuters reports. VZ is talking with prospective programming partners about the service, which could be launched in 2012.
    | 1 Comment
  • Dec. 6, 2011, 3:05 PM
    Verizon Wireless (VZ, VOD) tries to defuse a growing backlash to its decision to block access to Google Wallet (GOOG) - a move that many suspect was done to suppress a rival to its Isis mobile payments JV. A Verizon spokesman claims security issues were responsible for the decision, and that Verizon continues to have "commercial discussions" with Google on the matter.
    | Comment!
  • Dec. 6, 2011, 11:54 AM
    Verizon Wireless (VZ, VOD) once again received the highest rating among nationwide carriers in Consumer Reports' annual customer satisfaction survey. Sprint (S) finished a close second, while AT&T (T) received the lowest marks for yet another year. However, it's added the happiest subscribers tend to be those signed up for prepaid plans, and/or with smaller service providers. (yesterday)
    | 1 Comment
  • Dec. 6, 2011, 9:29 AM
    Following Verizon Wireless' (VZ) deal with Comcast (CMCSA) and Time Warner (TWC) last week that allows them to market mobile-phone services to their customers, Charter Communications (CHTR) CEO Michael Lovett yesterday said he is interested in discussing an alliance with Verizon (VZ) as well.
    | Comment!
  • Dec. 6, 2011, 9:04 AM
    Sprint (S), which has just finished up bailing out (I, II) Clearwire (CLWR), says it plans to offer its first 4G LTE devices in 2H 2012. Sprint has thus far relied on WiMAX technology rather than LTE to offer 4G services, and that's put the carrier at a disadvantage with regards to the quality of its 4G phone lineup. Verizon Wireless (VZ, VOD) currently offers 16 LTE devices, with the Galaxy Nexus arriving shortly.
    | Comment!
  • Dec. 6, 2011, 6:47 AM
    Google (GOOG) says Verizon Wireless (VZ) is blocking users from installing its Google Wallet payments app on the new Android-powered Galaxy Nexus line of smartphones. A joint venture between VZ, T, and T-Mobile called Isis - due to be launched soon - will be a direct competitor to Google Wallet in the mobile payment space.
    | Comment!
  • Dec. 5, 2011, 4:34 PM
    With the odds for AT&T's bid for T-Mobile (and its related asset sales) looking increasingly slim, Leap Wireless (LEAP) has decided to conduct a spectrum swap with Verizon Wireless (VZ, VOD). Leap will pay Verizon $204M to acquire 12 MHz. of 700 MHz.-band spectrum (better range), and will sell Verizon excess spectrum in higher frequency bands (superior bandwidth) for $188M.
    | 1 Comment
  • Dec. 5, 2011, 3:40 PM
    JPMorgan's Phillip Cusick predicts the iPhone 4S launch will help Verizon Wireless (VZ, VOD) deliver a net gain of 1.2M postpaid subscribers in Q4 - above a prior forecast of 1M, and far higher than expected gains of 450K for AT&T (T), and 250K for Sprint (never mind T-Mobile's 400K decline). Moreover, he estimates Verizon's per-unit iPhone subsidy only amounts to $350, below AT&T's $375 and Sprint's $400.
    | Comment!
  • Dec. 2, 2011, 4:47 PM
    Also affected by Verizon's (VZ) deal with the cable giants: Dish Network (DISH +6.6%) and DirecTV (DTV -2.2%). Dish rose due to the value of its spectrum assets, which a Wells Fargo analyst pegs at $10B, based on the deal's price tag. DirecTV, which recently extended its reseller agreement with AT&T (T), likely fell due to the prospect of additional competition, courtesy of Verizon's sales force. (more)
    | Comment!
  • Dec. 2, 2011, 4:39 PM
    Sprint (S -3.7%) and Clearwire (CLWR +5.4%) head in opposite directions following Verizon (VZ), Comcast (CMCSA), and Time Warner's (TWC) big spectrum/reseller deal (I, II, III). Though nominally bad for both firms, the deal's implications for the value of Clearwire's spectrum is giving it a lift. SR Capital believes Verizon's purchase price translates into an enterprise value of $31/share for Clearwire's spectrum.
    | Comment!
  • Dec. 2, 2011, 1:15 PM
    "A complete reordering of the competitive universe as we know it," writes Bernstein's Craig Moffett of the Verizon (VZ) deal to purchase Spectrum. The joint marketing effort between the cable companies (CMCSA, TWX) and Verizon "amounts to a partnership between formerly mortal enemies ... a strategic masterstroke for Verizon." The best deal in town is about to be a bundle of Comcast's broadband, voice, and video combined with Verizon mobile.
    | Comment!
  • Dec. 2, 2011, 12:07 PM
    In spite of weak sales (I, II) thus far, Verizon Wireless (VZ, VOD) isn't giving up on high-end Android (GOOG) tablets: CNET reports the carrier plans to sell Motorola's (MMI) upcoming 4G Droid Xyboard devices. Pricing could make or break the products: if Verizon subsidizes Motorola's tablets in exchange for service contracts, they just might not be roadkill for the iPad (AAPL) and Kindle Fire (AMZN). (earlier)
    | Comment!
Visit Seeking Alpha's
VZ vs. ETF Alternatives
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.